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IPG

Interpublic Group of Companies Inc (NYSE:IPG) shares dropped by around 9% after the company reported Q2 2023 results. The company missed the consensus revenue of $2.39 billion, reporting $2.33 billion instead. Adjusted EBITA fell to $330.2 million from $370.1 million a year ago, with margins contracting to 14.2% from 15.6%. However, adjusted EPS of $0.74 exceeded the consensus of $0.60. IPG also lowered its 2023 organic revenue growth guidance to 1% to 2% from 2% to 4%.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 2:26 pm

ALV

DWAC

ETSY

EVLO

FOR

HYZN

INTR

MATX

PKX

SCHL

SFBS

SGHT

SIFY

STOK

UHG

WNS

ZTS

Several US stocks traded higher on Friday, with notable gains for Digital World Acquisition Corp. (DWAC), Evelo Biosciences (EVLO), ServisFirst Bancshares (SFBS), Scholastic Corporation (SCHL), Matson (MATX), POSCO Holdings (PKX), Sight Sciences (SGHT), Autoliv (ALV), Stoke Therapeutics (STOK), Hyzon Motors (HYZN), Inter & Co (INTR), Sify Technologies (SIFY), United Homes Group (UHG), Forestar Group (FOR), Etsy (ETSY), WNS (Holdings) (WNS), and Zoetis (ZTS). Reasons for the gains include settlements with the SEC, termination of sublease agreements, upbeat Q2 results, stock repurchase programs, and analyst upgrades.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 2:23 pm

TSLA

Tesla Inc's Cybertruck has been spotted with a new darker camouflage wrap, sparking rumors among industry observers. This follows the initial discovery of a Cybertruck in camouflage wrap last month. Automakers often use camouflage on their vehicles as they approach the production stage. Tesla recently announced it had built the first Cybertruck, but clarified in its second-quarter earnings that it was currently only producing release candidates.

Portfolio Pulse from Benzinga EV Insights

July 21, 2023 | 2:22 pm

ROP

Roper Technologies reported better-than-expected Q2 financial results and issued Q3 adjusted EPS guidance. The company also raised its FY23 adjusted EPS guidance above the consensus estimate, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 2:19 pm

SLB

Schlumberger's Q2 revenue results were worse than expected, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 2:19 pm

SFBS

ServisFirst Bancshares reported better-than-expected Q2 financial results, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 2:19 pm

DWAC

Digital World Acquisition Corp. (DWAC) shares are trading higher after the company announced a settlement with the SEC on fraud charges related to its IPO and proposed merger with Trump Media & Technology Group Corp. (TMTG). As part of the settlement, DWAC agreed to a cease-and-desist order and to pay an $18 million penalty if it closes a merger transaction. The company also committed to ensuring that any amended Form S-4 it files will be accurate and consistent with the SEC's findings.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 2:16 pm

CEI

Camber Energy Inc (NASDAQ:CEI) shares are trading higher after the company and Viking Energy announced shareholder approval of the merger. The merger is expected to be completed around August 1, subject to meeting closing conditions. After the merger, Camber will have full legal and accounting control of Viking, benefiting from its various business activities.

Portfolio Pulse from Henry Khederian

July 21, 2023 | 2:15 pm

BDX

Becton, Dickinson's (NYSE:BDX) short percent of float has risen 14.29% since its last report, with 2.03 million shares sold short, which is 0.72% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Becton, Dickinson's short interest as a percentage of float is less, with an average of 3.28%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 2:15 pm

ADI

Analog Devices (NYSE:ADI) has seen a decrease in its short percent of float by 6.67% since its last report, with 7.00 million shares sold short, representing 1.4% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Analog Devices has less short interest as a percentage of float, with an average of 4.79%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 2:15 pm