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WCC

WESCO Intl (NYSE:WCC) reported Q2 adjusted earnings of $3.71 per share, missing the analyst consensus estimate of $4.46 by 16.82%. This is a decrease of 11.46% from the same period last year. The company also reported quarterly sales of $5.75 billion, missing the analyst consensus estimate of $5.95 billion by 3.43%. However, this is a 4.78% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:45 pm

BTCUSD

Joe Kelly, CEO of Unchained, predicts that Bitcoin (CRYPTO: BTC) will exceed $100,000 by 2025, following its next halving event in 2024. This prediction is based on Bitcoin’s previous three halving events, which have historically led to significant price rallies. Bitcoin has already surged 77% in 2023, rebounding from a 65% sell-off in the previous year.

Portfolio Pulse from Benzinga Neuro

August 04, 2023 | 12:44 pm

AMD

AMZN

EMR

MSFT

TSLA

The S&P 500 and Nasdaq 100 closed lower after Fitch downgraded the U.S. government's credit rating. Advanced Micro Devices (AMD) shares fell 7% after issuing Q3 guidance below estimates, while Emerson Electric (EMR) shares gained 3.8% after reporting better-than-expected Q3 results and raising FY23 earnings guidance. Amazon (AMZN), Microsoft (MSFT), and Tesla (TSLA) also saw losses.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 12:43 pm

COOK

Telsey Advisory Group analyst Joseph Feldman has upgraded Traeger (NYSE:COOK) from Market Perform to Outperform and raised the price target from $3.5 to $6.5.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 12:43 pm

AHI

Trading of Advanced Health Intelligence (AHI) shares has been halted due to pending news.

Portfolio Pulse from Charles Gross

August 04, 2023 | 12:43 pm

BALL

Ball Corporation (NYSE:BALL) reported Q2 adjusted earnings of $0.61 per share, beating the analyst consensus estimate of $0.60 by 1.67%. However, this is a 25.61% decrease from the same period last year. The company's quarterly sales were $3.57 billion, missing the analyst consensus estimate of $3.84 billion by 7.03%, and marking a 13.64% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:43 pm

PCOR

Loop Capital analyst Mark Schappel has downgraded Procore Technologies (NYSE:PCOR) from Buy to Hold and lowered the price target from $80 to $75.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 12:42 pm

AMWL

Morgan Stanley analyst Craig Hettenbach has downgraded American Well (NYSE:AMWL) from Overweight to Equal-Weight and lowered the price target from $5 to $2.5.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 12:42 pm

VGK

The Producer Price Index (PPI) for the Eurozone in June fell by 0.4% month-on-month, more than the estimated 0.2% drop. Year-on-year, the PPI decreased by 3.4%, also more than the estimated 3.2% drop.

Portfolio Pulse from Charles Gross

August 04, 2023 | 12:42 pm

MELI

MercadoLibre Inc's Q2 results exceeded expectations, with revenue of $3.42 billion, up 31.5% Y/Y and 57% Y/Y on FX-neutral basis, beating the consensus of $3.28 billion. EPS of $5.16 also surpassed the consensus of $4.13. The company's shares are trading higher by around 3% following the announcement.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 12:42 pm