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MET

MetLife's (NYSE:MET) short percent of float has fallen 12.64% since its last report, indicating a more bullish sentiment towards the stock. The company has 10.22 million shares sold short, which is 1.59% of all regular shares available for trading. Compared to its peers, MetLife has less short interest as a percentage of float, with the average being 2.60%.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 3:15 pm

JNJ

Johnson & Johnson's (NYSE:JNJ) short percent of float has fallen 8.0% since its last report, indicating a decrease in bearish sentiment. The company has 12.08 million shares sold short, which is 0.46% of all regular shares available for trading. Compared to its peers, Johnson & Johnson has less short interest as a percentage of float, with an average of 3.51%.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 3:15 pm

LRCX

Lam Research Corporation (NASDAQ:LRCX) reported strong Q4 results, leading to a spike in its share price. Analysts from Bernstein, KeyBanc Capital Markets, and Needham provided positive feedback on the company's performance, with Bernstein raising its price target from $500 to $550. The company's gross margins were higher than expected due to cost savings and a favorable mix. Lam Research also raised its 2023 WFE outlook to the mid-$70bn range, driven by the strength of the China domestic and HBM markets.

Portfolio Pulse from Priya Nigam

July 27, 2023 | 3:13 pm

ABBV

AbbVie Inc has reported Q2 adjusted EPS of $2.91, down 13.6% Y/Y, beating the consensus of $2.80. Overall sales decreased 4.9% Y/Y to $13.87 billion, beating the consensus of $13.52 billion. The company has raised FY23 adjusted EPS guidance from $10.57-$10.97 to $10.90-$11.10. ABBV shares are up 5.20% at $149.28.

Portfolio Pulse from Vandana Singh

July 27, 2023 | 3:11 pm

SNAP

Snap Inc's shares are trading lower by around 2.84% after the company reported its Q3 earnings. The company's revenue was $1.07 billion, down 4% YoY but ahead of the Street consensus estimate of $1.05 billion. Snap reported a loss of two cents per share, beating the Street estimate of a loss of four cents per share. The company ended the quarter with 397 million daily active users, up 14% YoY. Despite exceeding estimates, the decline in revenue may concern investors.

Portfolio Pulse from Henry Khederian

July 27, 2023 | 3:11 pm

WAB

Westinghouse Air Brake Technologies reported better-than-expected Q2 financial results and raised its FY23 guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 3:08 pm

BAX

Baxter International Inc (BAX) reported Q2 revenue of $3.71 billion, missing the consensus of $3.79 billion. Adjusted EPS of $0.66 surpassed the consensus of $0.60. The company's BioPharma Solutions (BPS) business is expected to be divested by July 2024. Baxter has projected its adjusted EPS for Q3 FY23, including discontinued operations, of $0.78-$0.80. If BPS is divested in September, Baxter expects FY23 adjusted EPS of $2.87-$2.95. BAX shares are down 3.78% at $47.10.

Portfolio Pulse from Vandana Singh

July 27, 2023 | 3:07 pm

TXT

Textron Inc. reported Q2 FY23 sales growth of 8.6% YoY to $3.42 billion, beating the consensus of $3.41 billion. Adjusted EPS of $1.46 also beat the consensus of $1.21. The company's Board of Directors approved a new authorization to repurchase up to 35 million shares. Textron raised its FY23 outlook and expects adjusted EPS from continuing operations to be $5.20-$5.30, up from the previous outlook of $5.00-$5.20. TXT shares traded higher by 10.3% at $75.43.

Portfolio Pulse from Nabaparna Bhattacharya

July 27, 2023 | 3:07 pm

SIMO

Silicon Motion Technology (SIMO) has an option alert for Sep 15 $95 calls at the ask price of $0.35 for 1000 shares, compared to an open interest of 1434 shares. The reference price is $55.9.

Portfolio Pulse from Charles Gross

July 27, 2023 | 3:05 pm

SQ

A whale investor has taken a bearish stance on Block (NYSE:SQ), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $72.0 to $90.0 for Block over the last 3 months. The price of SQ is up 2.19% at $79.11. Jefferies, Truist Securities, and Keybanc have maintained their Buy and Overweight ratings on Block, with price targets of $90 and $85 respectively.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 3:05 pm