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BWA

BorgWarner Inc (NYSE:BWA) reported Q2 FY23 sales growth of 20% Y/Y to $4.52 billion, exceeding the consensus of $4.39 billion. The company's revenue benefited from higher demand for products and recoveries from its customers of material cost inflation. BorgWarner also revised its FY23 sales outlook to $14.2 billion-$14.6 billion. Despite the positive earnings report, BWA shares are trading lower by 2.40% at $45.35.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 11:22 am

TEVA

Teva Pharmaceutical Industries Ltd's Q2 sales reached $3.88 billion, up 2% Y/Y, slightly beating the consensus of $3.70 billion. The company's adjusted EPS of $0.56 came ahead of the Wall Street estimate of $0.54. Teva revised its FY23 revenue forecast to $15.0-$15.4 billion from $14.8-$15.4 billion. The company's shares are up 10% at $9.12 on the last check Wednesday.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 11:22 am

AHI

Shares of Advanced Health Intelligence (AHI) were halted on a circuit breaker to the upside, with the stock now up 40.5%.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:22 am

WAVD

Shares of WaveDancer (WAVD) were halted on a circuit breaker to the upside, with the stock now up 169.1%.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:22 am

ADMP

CMBM

IDAI

LTCH

MEDS

PSX

WAVD

The Dow Jones fell over 100 points, with NASDAQ and S&P 500 also experiencing drops. Phillips 66 reported better-than-expected Q2 results, with an EPS of $3.87 and revenue of $35.74 billion. WaveDancer, T Stamp, and TRxADE HEALTH saw significant stock increases, while Adamis Pharmaceuticals, Cambium Networks, and Latch experienced drops. Adamis announced the pricing of an $8 million public offering, Cambium reported worse-than-expected Q2 results, and Latch does not anticipate regaining compliance with its periodic filing obligations before its deadline.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:22 am

BKNG

Booking Holdings's (NYSE:BKNG) short percent of float has fallen 3.94% since its last report, with 899 thousand shares sold short, which is 2.44% of all regular shares available for trading. It would take traders 3.18 days to cover their short positions on average. The company's short interest is less than its peer group average of 7.60%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:22 am

SYY

Sysco's (NYSE:SYY) short percent of float has risen 5.99% since its last report, with 8.96 million shares sold short, which is 1.77% of all regular shares available for trading. It would take traders 3.98 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Sysco's peer group average for short interest as a percentage of float is 4.67%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:22 am

WHR

Rumors are circulating that an activist investor, possibly Elliott, is considering a stake in Whirlpool Corporation (WHR).

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:21 am

STE

Shares of STE, the ticker symbol for STERIS Plc, have resumed trading.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:21 am

UNH

UnitedHealth Group's (NYSE:UNH) short percent of float has risen 9.23% since its last report, with 6.58 million shares sold short, which is 0.71% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, UnitedHealth Group has less short interest as a percentage of float, with an average of 3.80%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:21 am