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SPKY

UVXY

Ahead of the Federal Reserve's monthly meeting, the Convexity Daily 1.5x SPIKES Futures ETF (SPKY) is falling under support near the $5 level. SPKY is a 1.5x leveraged fund that follows the SPIKES Futures Short-Term Index, similar to the ProShares Ultra VIX Short Term Futures ETF (UVXY). With an anticipated 0.25% rate hike, volatility in the stock market could surge, potentially driving SPKY higher. However, SPKY has been declining over the last three trading days, suggesting lower prices could come again.

Portfolio Pulse from Melanie Schaffer

July 24, 2023 | 7:27 pm

WRLD

BMO Capital Markets analyst James Fotheringham has reiterated an Underperform rating on World Acceptance Corporation (NASDAQ:WRLD), raising the price target to $59 from $47. WRLD reported Q1 revenues of $139.32 million, beating the consensus of $135.81 million. The analyst notes improving credit, rising yields, and fast growth in new loan originations, but predicts these trends will not sustain. Fotheringham raised WRLD core EPS estimates by +15% in FY2024E and +20% in FY2025E due to higher revenues and lower expected credit provisions.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 7:20 pm

BWMX

Telsey Advisory Group analyst has reiterated a Moderate Risk rating on Betterware De Mexico S.A.P.I. DE C.V. (NASDAQ:BWMX) with a price target of $16. The analyst expects Q2 sales growth of 1.3% Y/Y to MX$3.29 billion, driven by growth at Jafra of 14.4%, offset by a 12% decline at Betterware. The analyst also anticipates EBITDA improvement at Betterware and potential return to growth in 2H23. Updates on Betterware's US expansion, Jafra rebranding in Mexico, and progress on reducing Jafra USA EBITDA losses are also expected.

Portfolio Pulse from Shivani Kumaresan

July 24, 2023 | 7:08 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares are trading higher by 4.14% to $26.32 despite a lack of company-specific news. The rise is attributed to the overall trend in EV stocks, which are recovering after falling last week due to Tesla's Q2 earnings results. However, if Tesla's disappointing gross margins lead to more cautious investor sentiment, it could result in a reevaluation of Lucid's stock price.

Portfolio Pulse from Henry Khederian

July 24, 2023 | 7:04 pm

EQT

EQT Corporation is set to release its latest quarterly earnings report on July 25, 2023. Analysts estimate an earnings per share (EPS) of $-0.20. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. However, the stock has seen a 13.21% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:02 pm

KALU

Kaiser Aluminum (NASDAQ:KALU) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $0.46. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. Shares of Kaiser Aluminum were trading at $79.04 as of July 21, with an 8.54% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:02 pm

RNST

Renasant (NASDAQ:RNST) is set to release its latest quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $0.74. The company's past performance shows a pattern of beating EPS estimates, which often leads to a share price increase. However, the stock has been generally negative over the last 52-week period, with shares down 4.44%.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:02 pm

VBTX

Veritex Holdings (NASDAQ:VBTX) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $0.75. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $19.51, down 32.94% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:02 pm

ENVA

Enova International (NYSE:ENVA) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an EPS of $1.67. Last quarter, the company beat EPS by $0.26, which led to a 12.63% drop in the share price the next day. Shares of Enova International were trading at $55.69 as of July 21, with a 74.17% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:02 pm

WSBC

Wesbanco (NASDAQ:WSBC) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $0.66. The company's past performance shows a trend of share price changes following earnings announcements. The stock is currently trading at $27.83, down 14.32% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:02 pm