Streetbeat News

Stock Prices

HBI

Traders are closely watching Hanesbrands (HBI) due to circulating chatter about potential activist involvement from Ryan Cohen.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:38 pm

GSK

GSK plc reported Q2 FY23 sales of £7.18 billion ($8.97 billion), up 4% Y/Y, in line with consensus. Adjusted EPS of $0.97 beat the Wall Street estimate of $0.87. The company raised its 2023 outlook, expecting turnover to rise by 8%-10% and adjusted operating profit to increase 11%-13%. The results come ahead of the U.S. launch of the company's respiratory syncytial virus vaccine.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 1:37 pm

KPTI

Karyopharm Therapeutics Inc announced updated exploratory subgroup analyses from the SIENDO study in patients with advanced or recurrent TP53 wild-type endometrial cancer. The analysis showed a promising efficacy signal with a median progression-free survival (PFS) of 27.4 months for selinexor-treated patients. The data provides further rationale for the ongoing pivotal Phase 3 study of selinexor as maintenance therapy. Karyopharm is currently enrolling patients in this study. However, KPTI shares are down 4.09% at $1.53.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 1:33 pm

BA

Boeing Co's Q2 FY23 results beat Street expectations with an 18% YoY revenue increase to $19.75 billion. The company recorded a loss from operations of $99 million, compared to a profit of $780 million a year ago. Commercial Airplanes revenue increased by 41% YoY to $8.84 billion, and deliveries increased by 12%. The company reduced its debt to $52.3 billion from $55.4 billion during the quarter. BA shares are trading higher by 3.88% at $222.43 premarket on Wednesday.

Portfolio Pulse from Akanksha Bakshi

July 26, 2023 | 1:27 pm

WW

Morgan Stanley has upgraded WW International's stock from Equal-Weight to Overweight and raised its price target from $5 to $13. This has resulted in the shares of WW International trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:25 pm

ENPH

SEDG

SPWR

Solar stocks are trading lower following Sunpower's weak preliminary Q2 results.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:24 pm

OTIS

Otis Worldwide Corp reported Q2 2023 sales growth of 6.7% YoY to $3.72 billion, beating the consensus of $3.58 billion. Adjusted EPS improved to $0.92, beating the consensus of $0.86. The company raised its FY23 outlook and launched its UpLift program to improve its operating model. However, OTIS shares are trading lower by 0.08% at $87.50 premarket on Wednesday.

Portfolio Pulse from Akanksha Bakshi

July 26, 2023 | 1:21 pm

SPWR

Traders are closely watching SunPower shares following an Oppenheimer note that mentions a potential guidance miss. The note has sparked speculation and increased attention towards SunPower's stock.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:20 pm

ENVX

TJ Rodgers, CEO of Enovix, responded to short sellers and admitted that the company's Army contract is small. He also posted a message on the company's website addressing the issue.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:18 pm

BA

Boeing's CEO is currently appearing on CNBC.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:17 pm