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COIN

Coinbase (NASDAQ:COIN) has faced a series of regulatory challenges from the SEC, including accusations of operating as an unregistered broker. Despite this, the company has seen victories in the Supreme Court and launched a 4% rewards program for USDC. Rumors of Bank of America accounts linked to Coinbase being shut down have also circulated. The SEC has reportedly demanded Coinbase to delist all but Bitcoin, which would significantly impact operations. Despite a 192% stock rally year to date, analysts warn of lingering regulatory risks.

Portfolio Pulse from Jose Rodrigo Safdiye

July 31, 2023 | 8:55 pm

RYI

Ryerson Holding (NYSE:RYI) reported Q2 adjusted earnings of $1.06 per share, missing the analyst consensus estimate of $1.34 by 20.9%. This is a 80.04% decrease from the same period last year. The company also reported quarterly sales of $1.34 billion, missing the analyst consensus estimate of $1.40 billion by 4.07%. This is a 22.99% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:54 pm

KFRC

Kforce (NASDAQ:KFRC) reported Q2 earnings of $0.95 per share, missing the analyst consensus estimate of $0.98 by 3.06%. This is a 18.1% decrease from the same period last year. The company also reported quarterly sales of $389.20 million, missing the analyst consensus estimate of $396.00 million by 1.72%. This is a 10.84% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:53 pm

CVX

Unusual options activity has been observed for Chevron (NYSE:CVX), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 39% bullish and 60% bearish. The price range targeted by these investors for Chevron over the last 3 months is from $100.0 to $170.0. Chevron's stock price is currently up 3.02% at $163.66. Analysts from Raymond James, Mizuho, Truist Securities, UBS, and Morgan Stanley have maintained their ratings on Chevron, with price targets ranging from $165 to $205.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 8:52 pm

ARGX

Over the past 5 years, argenx (NASDAQ:ARGX) has outperformed the market by 30.79% on an annualized basis, producing an average annual return of 40.84%. If an investor had bought $1000 of ARGX stock 5 years ago, it would be worth $5,487.65 today. The company currently has a market capitalization of $29.53 billion.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 8:51 pm

EA

Electronic Arts (NASDAQ:EA) has outperformed the market over the past 10 years by 7.39% on an annualized basis, producing an average annual return of 17.83%. If an investor had bought $100 of EA stock 10 years ago, it would be worth $513.95 today. The company currently has a market capitalization of $37.10 billion.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 8:51 pm

TREX

Trex Co reported Q2 earnings of $0.71 per share, beating the analyst consensus estimate of $0.53 by 33.96%. However, this is a 10.13% decrease from the same period last year. The company also reported quarterly sales of $356.54 million, surpassing the analyst consensus estimate of $318.47 million by 11.95%, but marking a 7.69% decrease from the same period last year.

Portfolio Pulse from sunil@benzinga.com

July 31, 2023 | 8:50 pm

FANG

VNOM

Viper Energy Partners is planning a conversion that will allow its common stockholders to vote on all matters under the Delaware General Corporation Law. Post-conversion, Viper will be a 'controlled company' under NASDAQ rules as Diamondback Energy will own more than 50% of Viper's voting power. Viper's publicly traded common stock will continue to be traded on NASDAQ under the existing ticker symbol 'VNOM'.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 8:50 pm

ES

Eversource Energy has reiterated its 2023 Non-GAAP EEPS projection of $4.25-$4.43, which is in line with the estimate of $4.36.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:43 pm

HUN

Huntsman Corporation reported Q2 earnings of $0.22 per share, missing the analyst consensus estimate of $0.30 by 26.67%. This is a decrease of 82.81% from the same period last year. The company also reported quarterly sales of $1.60 billion, missing the analyst consensus estimate of $1.70 billion by 6.12%, a decrease of 32.43% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:42 pm