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ETN

Eaton Corporation reported better-than-expected Q2 financial results and issued Q3 and FY23 adjusted EPS guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:08 am

MPC

Marathon Petroleum Corp (MPC) reported a Q2 FY23 revenue of $36.8 billion, beating the consensus of $31.02 billion. EPS for the quarter was $5.32, above the consensus of $4.55. The company returned $3.4 billion of capital through share repurchases and dividends. MPC shares are trading higher by 1.2% at $134.63.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 9:08 am

CAT

Caterpillar Inc. reported better-than-expected Q2 financial results and issued Q3 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:07 am

TSNDF

TSX:TSND

TerrAscend Corp. has released preliminary and unaudited financial results for Q2 2023, showing a 12.7% YoY increase in net revenue to $72.1M. The company's gross profit margin also increased to 50.2%. For the full year 2023, the company expects net revenue and adjusted EBITDA from continuing operations to be at least $305M and $58M respectively. The company has also acquired four dispensaries in Maryland and listed on the TSX.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 9:07 am

SQ

A significant bearish stance has been taken on Block (NYSE:SQ) as indicated by unusual options activity. The sentiment among big-money traders is split between 40% bullish and 60% bearish. Whales have been targeting a price range from $60.0 to $90.0 for Block over the last 3 months. The price of SQ is currently down -2.51% at $78.51. Analysts from Truist Securities, Jefferies, Exane BNP Paribas, and Keybanc have maintained their positive ratings on Block with price targets ranging from $85 to $95.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:07 am

AVGO

A significant amount of unusual options activity has been detected for Broadcom (NASDAQ:AVGO), with a majority of investors taking a bullish stance. The trades range from $370.0 to $940.0 for Broadcom over the last 3 months. The current price of AVGO is up 1.26% at $909.94, and the next earnings are expected in 30 days.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:07 am

ATUS

Altice USA (NYSE:ATUS) is set to release its quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.05. The company's past performance shows a pattern of share price drops following earnings reports, even when beating estimates. The stock is currently trading at $3.39, down 65.2% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:07 am

CNXN

PC Connection (NASDAQ:CNXN) is set to release its quarterly earnings report on August 2, 2023. Analysts estimate an EPS of $0.59. The company's past performance shows a pattern of share price changes following earnings reports. The stock was trading at $48.41 as of July 31, with a 52-week increase of 3.07%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:07 am

CCJ

Cameco (NYSE:CCJ) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.10. The company's past performance shows a trend of beating EPS estimates. Shares of Cameco were trading at $35.16 as of July 31, with a 38.89% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:06 am

UFPI

UFP Industries (NASDAQ:UFPI) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $2.42. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. The stock is currently trading at $102.76 and has seen a 14.77% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:06 am