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RILY

B. Riley Financial has priced its share offering at $55 per share, with a total of 1,818,182 shares being offered.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 11:06 am

TME

JP Morgan analyst Alex Yao has downgraded Tencent Music Enter Gr (NYSE:TME) from Overweight to Neutral.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 11:05 am

ODFL

Old Dominion Freight Line (ODFL) has announced a new share repurchase program for up to $3.0 billion of its outstanding stock. This program will commence after the completion of the company's existing $2.0 billion repurchase program, which had $376.9 million remaining as of June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:05 am

ADP

Automatic Data Processing (ADP) has projected its FY24 revenue growth to be between 6% and 7%, compared to the estimated $18.97B. The company also expects its adjusted EPS growth to be between 10% and 12%, compared to the estimated $8.92.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:05 am

GD

General Dynamics reported a record-high backlog of $91.4 billion in Q2, a 4.3% increase from the same quarter last year. The company's consolidated book-to-bill ratio was 1.2-to-1, driven by good order activity across all segments. The Aerospace segment booked $2.5 billion in new orders due to strong demand for Gulfstream aircraft.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:04 am

TLRY

Tilray Brands reported Q4 sales of $184.00M, surpassing the estimated $153.66M.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:03 am

GD

General Dynamics (NYSE:GD) reported Q2 earnings of $2.70 per share, beating the analyst consensus estimate of $2.56 by 5.47%. However, this is a 1.82% decrease from the same period last year. The company also reported quarterly sales of $10.15 billion, beating the analyst consensus estimate of $9.46 billion by 7.32%, and marking a 10.48% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:02 am

KO

Coca-Cola's Q2 unit case volume growth was flat, with no change in both developed and emerging markets. Growth in Mexico, India, and Brazil was offset by declines in the United States, Spain, and Pakistan, and the suspension of business in Russia in 2022.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:01 am

BTCUSD

ETHUSD

Crypto analyst Michael Van de Poppe expects Bitcoin (BTC) and Ethereum (ETH) to reach new highs if Federal Reserve Chairman Powell confirms a halt to further rate hikes. BTC has been trading within a range of $29,000 to $31,500 for the past two months. Van de Poppe believes that if inflation continues to decline, expectations of further rate hikes may diminish, resulting in falling yields and a potential breakout for Bitcoin. Analysts at Zoksh Pay also noted that Bitcoin and U.S. stocks have shown correlated movements after the central bank's crisis interventions.

Portfolio Pulse from Mehab Qureshi

July 26, 2023 | 11:00 am

SLGN

Silgan Holdings Inc. has revised its FY23 adjusted EPS outlook downwards from $3.95 - $4.15 to $3.40 - $3.60, which is below the estimated $3.98.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 10:59 am