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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

CCF

KKR

Chase Corp has signed a definitive agreement to be acquired by KKR for $1.3 billion. KKR will acquire all outstanding shares of Chase common stock for $127.50 per share in cash, implying a valuation of approximately 13 times trailing-twelve-months EBITDA.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 10:47 am

ALTG

CSX

ENVX

ISRG

KNX

NVX

SIRI

Several big stocks are recording losses in today's pre-market trading session. Sirius XM Holdings Inc. shares dipped 9.8% after being downgraded by Pivotal Research and Evercore ISI Group. Enovix Corporation shares fell 6.2% after TD Cowen downgraded the stock. Knight-Swift Transportation Holdings Inc. shares declined 5.3% after reporting worse-than-expected Q2 earnings results and cutting 2023 EPS outlook. CSX Corporation shares fell 5% after reporting in-line earnings for Q2, but sales missed expectations. Intuitive Surgical, Inc. shares declined 4.8% despite reporting better-than-expected Q2 earnings. Alta Equipment Group Inc. shares fell 4% after reporting preliminary Q2 results and announcing a public offering of 2 million shares. Novonix Limited shares declined 3%. Blackstone Inc. shares fell 2.1% after reporting worse-than-expected Q2 sales results.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 10:26 am

JNJ

TSM

Investor sentiment declines as Nasdaq falls 2%. Cathie Wood's Ark Invest reduces GM stake and buys more Taiwan Semiconductor shares. UK Finance Ministry disagrees with calls to regulate crypto as gambling. CoinDesk is on the verge of a $125M acquisition. Microsoft-Activision deal may be heading towards settlement talks. AutoNation expected to report lower Q2 earnings. Starbucks partners with K-Pop stars BLACKPINK for potential sales boost. J&J investors will soon be able to exchange shares for Kenvue stocks.

Portfolio Pulse from Akanksha Bakshi

July 21, 2023 | 10:24 am

HITI

High Tide has filed a prospectus for a mixed shelf of up to C$100 million.

Portfolio Pulse from Charles Gross

July 21, 2023 | 10:17 am