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BC

Brunswick Corporation has revised its FY23 adjusted EPS forecast to approximately $9.50, down from the previous range of $9.50-$11.00. The consensus estimate was $10.26.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 10:37 am

MA

NVDA

TSM

V

Richard Clode, a fund manager at Janus Henderson Investors, shares his investment strategy in tech firms, focusing on long-term trends and underappreciated stocks. His funds include Big Tech stocks like NVIDIA, TSMC, Mastercard, and Visa. Both of Clode’s funds have outperformed the S&P 500’s half-year return of nearly 16%.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 10:35 am

CVNA

Carvana's total gross profit per unit increased by 94% to $6,520 in comparison to the second quarter of 2022.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 10:34 am

BC

Brunswick Corporation has reported preliminary Q2 revenue of $1.7 billion, which is below the consensus estimate of $1.84 billion. The company's adjusted EPS is also lower than expected, at $2.30-$2.35 compared to the consensus of $2.68.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 10:33 am

SPY

Senators are proposing a ban on U.S. lawmakers and executive branch members owning stock, according to the Wall Street Journal. This could potentially impact the overall stock market.

Portfolio Pulse from Charles Gross

July 19, 2023 | 10:27 am

BAC

BKR

CVNA

GS

HAL

MS

MSFT

NDAQ

NFLX

NTRS

NVDA

QQQ

SPY

TSLA

USB

The stock market is expected to start cautiously on Wednesday, with earnings likely to be the main driver. Stocks such as Nvidia Corp. (NYSE:NVDA), Microsoft Corp. (NASDAQ:MSFT), Morgan Stanley (NYSE:MS), and Bank of America Corp. (NYSE:BAC) have been gaining momentum. The Dow Industrials is on a seven-session winning streak, and the Nasdaq Composite and the S&P 500 indices have risen to over 15-month highs. Analysts suggest that earnings need to perform well to sustain the rally. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.08% and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.24%. Companies such as Baker Hughes Co. (NASDAQ:BKR), Carvana Co. (NASDAQ:CVNA), Goldman Sachs Group, Inc. (NYSE:GS), Halliburton Co. (NYSE:HAL), Nasdaq, Inc. (NASDAQ:NDAQ), Northern Trust Corp. (NASDAQ:NTRS), U.S. Bancorp. (NYSE:USB), Netflix, Inc. (NASDAQ:NFLX), and Tesla, Inc. (NASDAQ:TSLA) are set to report their earnings.

Portfolio Pulse from Shanthi Rexaline

July 19, 2023 | 10:23 am

CFG

Citizens Financial Group (NYSE:CFG) reported Q2 adjusted earnings of $1.04 per share, beating the analyst consensus estimate of $1.01 by 2.97%. However, this is an 8.77% decrease from the same period last year. The company's quarterly sales were $2.09 billion, missing the analyst consensus estimate of $2.10 billion by 0.29%, but showing a 4.75% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 10:23 am

PUMP

Benchmark analyst Kurt Hallead has upgraded ProPetro Holding (NYSE:PUMP) from Hold to Buy.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 10:22 am

PTEN

Benchmark analyst Kurt Hallead has upgraded Patterson-UTI Energy (NASDAQ:PTEN) from Hold to Buy.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 10:21 am

HP

Benchmark analyst Kurt Hallead has upgraded Helmerich & Payne (NYSE:HP) from Hold to Buy.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 10:21 am