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NFLX

Netflix reported Q2 earnings that beat analyst estimates, but sales fell short of expectations. Despite this, several analysts have increased their price targets for the company. Netflix's shares fell 6.1% in pre-market trading.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 11:20 am

BSGM

NVDA

BioSig's subsidiary has been selected to join the NVIDIA Inception program, which will support R&D collaboration on an AI medical device platform for hospitals. This news has led to trading of BioSig shares.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 11:17 am

DFS

NFLX

QQQ

SPY

TSLA

The market mood is mixed with blue chips and small-caps maintaining upward momentum, but negative reactions to earnings could test the tech sector's resilience. The Nasdaq Composite Index closed marginally higher, while the Dow Industrials marked its eighth straight session of gains. Analysts predict the rally will continue until problems appear in earnings reports. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Tesla and Netflix shares fell following their quarterly results release. Discover Financial Services shares plunged after the company paused buybacks and disclosed regulatory scrutiny.

Portfolio Pulse from Shanthi Rexaline

July 20, 2023 | 11:11 am

POOL

Pool Corporation reported Q2 earnings of $5.91 per share, missing the analyst consensus estimate of $6.20 by 4.68%. This is a 22.54% decrease from the same period last year. The company also reported quarterly sales of $1.86 billion, missing the analyst consensus estimate of $1.91 billion by 2.77%. This is a 9.68% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 11:05 am

HAL

Halliburton Company (NYSE:HAL) reported mixed Q2 results with a 14.3% YoY revenue growth to $5.798 billion, missing the consensus of $5.86 billion. Adjusted EPS was $0.77 (+57.1%), beating the consensus of $0.75. Following the earnings announcement, analysts from Raymond James, Barclays, and JP Morgan revised their price targets on Halliburton.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 11:05 am

PM

Philip Morris International has updated its FY23 outlook. The company now expects adjusted diluted EPS to be between $6.13 and $6.22, up from the previous range of $6.10 to $6.22. However, the EPS is expected to be between $5.36 and $5.45, down from the previous range of $5.88 to $6.00. Organic revenue growth is expected to be between 7.5% and 8.5%, up from the previous range of 7% to 8.5%.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 11:03 am

NEM

Newmont (NYSE:NEM) reported Q2 earnings of $0.33 per share, missing the analyst consensus estimate of $0.58 by 43.1%. This is a 28.26% decrease from the same period last year. The company also reported quarterly sales of $2.68 billion, missing the analyst consensus estimate of $3.88 billion by 30.85%. This is a 12.26% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 20, 2023 | 11:02 am

MMC

Marsh & McLennan (NYSE:MMC) reported Q2 adjusted earnings of $2.20 per share, beating the analyst consensus estimate of $2.12 by 3.77%. This is a 16.4% increase from the same period last year. The company also reported quarterly sales of $5.88 billion, beating the analyst consensus estimate of $5.76 billion by 2.01%, a 9.24% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 11:01 am

FAST

LMT

NVCT

Insiders at Nuvectis Pharma, Fastenal Company, and Lockheed Martin have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects or that they view the stocks as a bargain. Nuvectis Pharma recently announced the FDA clearance of NXP900 IND. Fastenal reported Q2 sales growth of 5.9% Y/Y to $1.88 billion, slightly missing the consensus of $1.89 billion. Lockheed Martin reported Q2 FY23 net sales growth of 8.1% Y/Y to $16.69 billion, above the consensus of $15.91 billion.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 10:59 am

TRV

Travelers Companies has reported Q2 catastrophe losses of $1.481 billion pre-tax.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:59 am