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SEDG

SolarEdge Technologies Inc's shares fell in after-hours trading following the release of its Q2 financial results and weak Q3 guidance. Despite beating estimates for Q2 revenue and EPS, the company's shares dropped due to a lower than expected Q3 revenue forecast. The company expects Q3 revenue to be between $880 million and $920 million, compared to estimates of $1.05 billion.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 10:32 am

HUM

A significant bullish stance has been taken on Humana (NYSE:HUM) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 55% bullish and 44% bearish. The whales have been targeting a price range from $425.0 to $580.0 for Humana over the last 3 months. Several financial institutions have maintained their Buy or Overweight ratings on Humana, with price targets ranging from $540 to $637.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:32 am

DOGEUSD

Dogecoin (CRYPTO: DOGE) saw a surge in popularity in 2021, with its value increasing significantly. However, the crypto has fallen since its all-time high in 2021 due to market volatility and the bankruptcy of some cryptocurrencies. Elon Musk's acquisition of Twitter in 2022 and his subsequent promotion of Dogecoin on the platform has brought renewed attention to the meme crypto. A $100 investment in Dogecoin at the current price could yield a hypothetical return of 856.2% if the crypto returns to its all-time high.

Portfolio Pulse from Chris Katje

August 04, 2023 | 10:32 am

JBT

JBT Corporation has projected its Q3 revenue to be between $410M-$425M, which is below the consensus estimate of $474.86M. The company also expects its adjusted EPS to be between $0.90-$1.05, lower than the consensus estimate of $1.11.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:32 am

EA

Electronic Arts Inc. (NASDAQ:EA) reported Q1 results beating estimates with net bookings of $1.578 billion, up 21% YoY, and EPS of $1.47. However, the company's Q2 and FY 2024 outlook fell short of analyst expectations, causing the stock to fall in after-hours trading.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 10:31 am

AIZ

Assurant Inc. (AIZ) has announced plans to continue its share repurchase activity for the remainder of the year. This move is expected to provide a return to shareholders and potentially increase the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:31 am

UNM

Unum Group has projected a 20-25% year-over-year increase in its full-year 2023 after-tax adjusted operating EPS.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:31 am

AIZ

Assurant (AIZ) has increased its 2023 outlook, expecting to deliver high single-digit growth in both adjusted EBITDA and adjusted EPS, excluding catastrophes.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:31 am

MGY

Magnolia Oil & Gas (NYSE:MGY) reported Q2 earnings of $0.48 per share, beating the analyst consensus estimate of $0.43 by 11.63%. However, this is a 63.64% decrease from the same period last year. The company's quarterly sales of $280.29 million missed the analyst consensus estimate of $291.74 million by 3.92%, marking a 42.17% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:30 am

MEC

Mayville Engineering (NYSE:MEC) reported Q2 earnings of $0.20 per share, beating the analyst consensus estimate of $0.16 by 25%. However, this is a 31.03% decrease from the same period last year. The company's quarterly sales of $138.98 million missed the analyst consensus estimate of $143.28 million by 3.00%, but it's a 0.46% increase from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

August 04, 2023 | 10:30 am