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Stock Prices

CAT

Caterpillar Inc.'s stock price surged by 8.86% on Tuesday due to strong Q2 performance, exceeding market expectations with an EPS of 5.55. The stock surpassed its previous record high of $266.04. The company is expected to benefit from the US's investment in transportation infrastructure upgrades. However, a potential correction could see the price drop to the previous all-time high, now a support level. The stock is approaching a significant resistance level of $300.

Portfolio Pulse from Zaheer Anwari

August 04, 2023 | 1:32 pm

UPWK

Upwork's shares are trading higher following the release of its Q2 financial results, which exceeded expectations. The company also issued FY23 adjusted EPS guidance above estimates. JPM Securities and Needham have subsequently raised their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:32 pm

PCRX

Pacira BioSciences (NASDAQ:PCRX) has received 3 bullish and 1 somewhat bullish ratings from analysts in the last quarter. The average 12-month price target for the company is $58.25, representing a 12.18% decrease from the previous average price target of $66.33.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:32 pm

LBRDA

Liberty Broadband (NASDAQ:LBRDA) is set to release its quarterly earnings report on August 4, 2023. Analysts estimate an EPS of $1.57. The company's past performance shows a trend of share price drops following earnings misses. The stock is currently trading at $91.55, down 21.2% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:31 pm

FWONA

Liberty Formula One Group (NASDAQ:FWONA) is set to release its quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $0.10. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying stock price changes. The company's shares were trading at $63.91 as of August 2, with a 12.02% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:31 pm

LBRDK

Liberty Broadband (NASDAQ:LBRDK) is set to release its quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $2.40. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $91.24, down 21.41% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:31 pm

SHC

Trading of Sotera Health's shares has resumed.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:31 pm

SHOP

Shopify Inc (NYSE:SHOP) reported strong Q2 financial results, beating consensus estimates with a 31% YoY increase in revenue to $1.69 billion and adjusted quarterly earnings of 14 cents per share. The company also reported a positive free cash flow of $97 million, compared to a negative free cash flow of $87 million in Q2 2020. Following the results, multiple analysts raised their price targets for Shopify. However, the company's shares remain volatile.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 1:31 pm

WBD

Warner Bros. Discovery's shares are trading lower following the company's failure to meet the second-quarter revenue and EPS consensus.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:31 pm

FWRD

Trading of Forward Air shares has resumed.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:30 pm