Streetbeat News

Stock Prices

ADI

AMD

AVGO

LSCC

MCHP

MPWR

SLAB

TER

TXN

Shares of semiconductor and chip stocks are trading lower in sympathy with Texas Instruments, which fell after issuing Q3 EPS guidance with a midpoint below estimates. The company also experienced weakness across end markets.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:27 pm

TDY

Teledyne Technologies Incorporated (NYSE:TDY) reported Q2 FY23 sales growth of 5.1% YoY to $1.425 billion, beating the consensus of $1.410 billion. Adjusted EPS was $4.67, above the consensus of $4.64. The company is looking for disciplined capital deployment including acquisitions. However, TDY shares are trading lower by 4.09% at $397.75.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 3:24 pm

GOOG

Alphabet Inc's Q2 results have sparked optimism among analysts despite market challenges. The company's revenue and operating income exceeded consensus estimates. Analysts from KeyBanc Capital Markets, Needham, JMP Securities, RBC Capital Markets, and Susquehanna have all maintained positive ratings and raised their price targets for Alphabet. The company's integration of AI into its ad and Cloud products, as well as its focus on efficiency, are seen as key drivers of growth.

Portfolio Pulse from Priya Nigam

July 26, 2023 | 3:17 pm

DAL

A significant amount of unusual options activity has been detected for Delta Air Lines (NYSE:DAL), with a notably bearish stance. 80% of the investors opened trades with bearish expectations and 20% with bullish. Whales have been targeting a price range from $35.0 to $50.0 for Delta Air Lines over the last 3 months. The price of DAL is down -0.97% at $45.99. Several financial institutions have maintained their positive ratings on Delta Air Lines, with price targets ranging from $50 to $70.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:16 pm

UBER

A significant investor has taken a bearish stance on Uber Technologies (NYSE:UBER), with 90% of the spotted trades being bearish. The whales have been targeting a price range from $30.0 to $45.0 for Uber over the last 3 months. The current price of UBER is down -1.17% at $46.62. Several financial institutions have maintained or downgraded their ratings on Uber, with price targets ranging from $51 to $75.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:16 pm

BA

During an investor call, a Boeing executive stated that the company is seeking stability at a production rate of 38 per month and readiness in the supply chain before approving a rate of 42 per month for the 737 model.

Portfolio Pulse from Charles Gross

July 26, 2023 | 3:14 pm

GPS

Gap Inc. has appointed Richard Dickson as its new President and CEO, leading to a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:13 pm

GD

General Dynamics Corp (NYSE:GD) reported Q2 FY23 revenue growth of 10.5% YoY to $10.15 billion, beating the consensus of $9.46 billion. EPS was $2.70, above the consensus of $2.56. Operating earnings fell 1.6% YoY to $962 million. The company generated an operating cash flow YTD of $2.19 billion. The total estimated contract value was $129.3 billion at the end of the quarter. GD expects total revenue of ~$42.45 billion for FY23.

Portfolio Pulse from Akanksha Bakshi

July 26, 2023 | 3:13 pm

VICR

Vicor Corporation's shares are trading higher following the company's release of better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:13 pm

RCI

Rogers Communication reported its Q2 FY23 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:10 pm