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EFX

Equifax Inc (NYSE:EFX) reported Q2 2023 revenues of $1.318 billion, flat Y/Y and up 1% Y/Y in constant currencies. The company's Workforce Solutions revenues declined 4% Y/Y to $582.8 million due to the challenging mortgage and hiring market. Adjusted EPS declined 18% Y/Y to $1.71, above the consensus of $1.67. For 2023, Equifax reduced the outlook for revenues to $5.270 billion to $5.330 billion and adjusted EPS to $6.85-$7.10. The company lowered guidance to reflect the expected impact of weaker-than-expected U.S. mortgage originations and lower mortgage revenue.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 9:40 am

TSLA

Despite reporting strong Q2 results with earnings per share of $0.91 and revenue of $24.93 billion, both surpassing estimates, Tesla, Inc. (NASDAQ:TSLA) shares dipped in premarket trading. The company's management expressed optimism about the future, citing the upcoming Cybertruck launch and reaffirming the goal of 1.8 million annual deliveries. However, concerns were raised about the role of other income in boosting results and a decline in the company's energy segment revenue. The stock fell 2.87% to $282.90 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

July 20, 2023 | 9:40 am

CVNA

RBC Capital analyst Brad Erickson has downgraded Carvana (NYSE:CVNA) from Sector Perform to Underperform, while raising the price target from $9 to $30.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 9:39 am

GOOG

GOOGL

META

Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, is reportedly shifting its strategy to give lower priority to news and politics on its social media platforms. This move has sparked tensions with governments, particularly in Canada, where legislation mandates platforms like Facebook to pay publishers and broadcasters for their content. As a result, Meta plans to remove news from its feeds in the region, prompting over 30 advertisers to pledge to withdraw their advertising in protest.

Portfolio Pulse from Ananya Gairola

July 20, 2023 | 9:36 am

DEO

Morgan Stanley analyst Sarah Simon has downgraded Diageo (NYSE:DEO) from Equal-Weight to Underweight.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 9:33 am

EEMA

EZU

FLAX

SPY

TSLA

US markets ended higher on Wednesday, with the Dow Jones Industrial Average and the S&P 500 recording gains. Tesla reported a 47% YoY increase in Q2 revenue, beating estimates. Asian markets showed mixed results, with Japan's Nikkei 225 and China's Shanghai Composite closing lower, while Australia's S&P/ASX 200 closed higher. European markets were trading higher, and commodities showed mixed results. US futures showed mixed results, and the US Dollar Index slid 0.09%.

Portfolio Pulse from Akanksha Bakshi

July 20, 2023 | 9:30 am

ATVI

Jefferies analyst Andrew Uerkwitz has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Hold and set a price target of $95.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 9:29 am

SLG

SL Green Realty Corp. reported lower-than-expected Q2 earnings results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:27 am

TSLA

Tesla Inc. (NASDAQ:TSLA) plans to invest over $1 billion in its Dojo Supercomputer project by the end of 2024, according to CEO Elon Musk. The Dojo Supercomputer is a proprietary platform designed for AI machine learning, with a focus on video training using data from Tesla's fleet of vehicles. Despite already owning a powerful supercomputer based on NVIDIA GPUs, Tesla has developed its custom-built Dojo computer. The announcement of this investment led to a post-market slide in Tesla's share price.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 9:22 am

TSM

Taiwan Semiconductor (TSM) reported worse-than-expected Q2 earnings results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:17 am