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Stock Prices

AAPL

Apple Inc's upcoming iPhone 15 Pro and Pro Max models are facing manufacturing issues, potentially delaying their debut and impacting Apple's profit margins. The screens made by LG Display have failed reliability tests, causing delays and shortages. Bank of America analyst Wamsi Mohan warns of potential delays in the iPhone 15's debut, projecting Apple's fourth-quarter revenue to be $87.1 billion, falling short of the consensus estimate of $91.6 billion due to the possible delay.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 11:42 am

BX

Blackstone Inc (NYSE:BX) reported weaker-than-expected Q2 sales results, with revenues of $2.35 billion, down 43% Y/Y, and distributable earnings falling 43% Y/Y to $1.35 billion. Despite this, several analysts have increased their price targets on Blackstone, including Barclays, Piper Sandler, Evercore ISI Group, B of A Securities, JP Morgan, Wells Fargo, and BMO Capital.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 11:41 am

WRLD

World Acceptance (NASDAQ:WRLD) reported Q1 earnings of $1.62 per share, beating the analyst consensus estimate of $0.63 by 157.14%. This is a 208.72% increase from the same period last year. The company also reported quarterly sales of $139.32 million, beating the analyst consensus estimate of $135.81 million by 2.59%. However, this is a 11.59% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:33 am

KNX

Knight-Swift Transportation Holdings Inc (NYSE:KNX) shares are trading lower after the company reported worse-than-expected Q2 2023 earnings and cut its 2023 guidance. Revenues of $1.55 billion, down 20.8% Y/Y, missed the consensus of $1.60 billion. The company lowered the outlook for 2023 adjusted EPS to $2.10-$2.30 from $3.35-$3.55. KNX shares are down by 3.31% at $54.00 premarket on the last check Friday.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 11:25 am

AUGG

ETST

GALT

SLGD

Insiders at four companies have recently made notable purchases of their own stocks. Scott's Liquid Gold-Inc. (OTC:SLGD) Director Daniel Roller acquired 794,067 shares, Augusta Gold Corp. (OTC:AUGG) Executive Chairman Richard Warke bought 5,000 shares, Galectin Therapeutics Inc. (NASDAQ:GALT) Director Kary Eldred purchased 1,598 shares, and Earth Science Tech, Inc. (OTC:ETST) CEO Giorgio R Saumat acquired 50,002 shares.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 11:24 am

NFLX

QQQ

SPY

TSLA

TSM

Stock futures suggest a positive start to the week's final trading session, reflecting optimism for positive earnings reports from AI-levered big techs. However, caution is expected due to the upcoming Fed meeting and its commentary on the rate outlook. The tech slump on Thursday, driven by negative reactions to earnings from Tesla, Taiwan Semiconductor Manufacturing Company, and Netflix, dragged the Nasdaq Composite Index lower. The Dow Industrials continued to push higher, closing at nearly an 18-month high. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Tesla rebounded from Thursday's slide, while Xirius SM Holdings fell after its rally on Thursday.

Portfolio Pulse from Shanthi Rexaline

July 21, 2023 | 11:19 am

BJDX

Bluejay Diagnostics' board has approved a reverse stock split of its shares at a ratio of 1-for-20.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:08 am

SXT

Sensient Technologies (NYSE:SXT) has revised its 2023 forecast, expecting a mid-single digit decrease in adjusted EBITDA and a high single digit decrease in full year GAAP diluted earnings per share compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:02 am

SXT

Sensient Technologies (NYSE:SXT) reported Q2 earnings of $0.81 per share, missing the analyst consensus estimate of $0.88 by 7.95%. This is a decrease of 11.96% from the same period last year. The company also reported quarterly sales of $374.31 million, missing the analyst consensus estimate of $382.62 million by 2.17%. However, this is a slight increase of 0.70% over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 10:58 am

SIRI

Deutsche Bank analyst Bryan Kraft has downgraded Sirius XM Holdings (NASDAQ:SIRI) from Buy to Sell and set a price target of $6.25.

Portfolio Pulse from richadhand@benzinga.com

July 21, 2023 | 10:48 am