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ASRT

Shares of Assertio Holdings Inc (NASDAQ:ASRT) are down after the company withdrew its 2023 financial outlook due to the FDA's approval of a generic version of its drug Indocin by Zydus Lifesciences. Assertio's portfolio includes Indocin suppositories and oral suspension. The company recently reported Q2 sales of $40.99 million, up 13% Y/Y, and an adjusted EPS of $0.19. It also closed the acquisition of Spectrum Pharmaceuticals Inc for $248 million.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 3:23 pm

AAPL

AMZN

Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) reported their fiscal third quarter earnings. Apple's sales fell 1% YoY despite service revenue growing 8% YoY, and shares fell 2% due to lack of guidance after a third consecutive quarter of declining sales. Amazon shares surged more than 7% after hours due to strong outlook fueled by its biggest yet Prime Day event. Apple's sales in China grew 8% YoY, outperforming the weakest smartphone market in the country in almost a decade.

Portfolio Pulse from Upwallstreet

August 04, 2023 | 3:22 pm

TNDM

Tandem Diabetes Care reported mixed Q2 financial results, leading to a drop in its share price. Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $45 to $33.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:22 pm

CSCO

CVS

PXD

UBER

On CNBC's 'Halftime Report Final Trades', several stocks were discussed. Pioneer Natural Resources (PXD) reported a strong quarter, beating consensus estimates, and is expected to rise further. Cisco Systems (CSCO) was named as a final trade, despite a recent Underperform rating from Exane BNP Paribas. CVS Health (CVS) was highlighted as a defensive health care company, having reported better-than-expected Q2 results and issued FY23 guidance. Uber (UBER) was still favored despite reporting worse-than-expected Q2 revenue and issuing Q3 guidance.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:22 pm

SPY

UUP

The July jobs report shows the U.S. labor market's resilience despite soaring interest rates. The unemployment rate dropped to 3.5%, and wage growth surpassed expectations. However, concerns about price pressures and potential interest rate hikes persist. The report led to slight adjustments in interest-rate forecasts and a 0.1% increase in futures on the S&P 500 index. The U.S. dollar index showed a 0.1% decrease.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 3:22 pm

SYNA

Synaptics reported its Q4 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:22 pm

PROF

Raymond James analyst Rahul Sarugaser has downgraded Profound Medical (NASDAQ:PROF) from Strong Buy to Outperform.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 3:22 pm

MWA

Mueller Water Products reported worse-than-expected Q3 financial results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:22 pm

ABCL

AbCellera Biologics reported mixed Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:22 pm

CARG

CarGurus has announced a delay in its earnings release and conference call, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:21 pm