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SNAP

Snap Inc. shares are trading lower following the release of the company's Q3 results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:52 pm

GOOG

GOOGL

Alphabet's Q2 results exceeded expectations, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:50 pm

MSFT

Microsoft's shares are trading lower following the company's Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:49 pm

DIA

The Dow Jones Industrial Average Index has extended its winning streak to twelve consecutive sessions, reaching a peak of 35,438 points. This is only the third time such a streak has occurred in the post-World War II era. Investors are now closely watching the performance of the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) in anticipation of the Federal Reserve's Federal Open Market Committee (FOMC) meeting. The market has already factored in a 25-basis point hike, bringing the fed funds rate to 5.25%-5.5%, the highest level in over two decades.

Portfolio Pulse from Piero Cingari

July 25, 2023 | 8:49 pm

W

Wayfair Inc (NYSE:W) has launched a new generative artificial intelligence platform called Decorify. The platform creates shoppable and photorealistic images using generative AI, allowing customers to visualize Wayfair products in their homes. The tool is free and could potentially increase sales for the company. Wayfair's shares closed down 0.95% to $68.72 on Tuesday, but are up 110% year-to-date in 2023.

Portfolio Pulse from Chris Katje

July 25, 2023 | 8:47 pm

BA

A significant amount of unusual options activity has been detected for Boeing (NYSE:BA), with a bearish stance being taken by a majority of investors. Of the 45 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $427,047 and for calls was $1,697,989. Whales have been targeting a price range from $150.0 to $300.0 for Boeing over the last 3 months. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $220.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:46 pm

ANET

Arista Networks (NYSE:ANET) has seen unusual options activity, with a significant number of bearish trades. Of the 17 unusual trades detected, 47% were bullish and 52% were bearish. The total amount for puts was $645,960 and for calls was $552,184. Whales have been targeting a price range from $150.0 to $260.0 for Arista Networks over the last 3 months. The company's stock price is currently up 1.38% at $174.09. Several financial institutions have recently adjusted their ratings and price targets for Arista Networks.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:46 pm

CSGP

CoStar Group has projected its Q3 revenue to be between $622M-$627M, which is below the consensus estimate of $632.43M. The company also expects its non-GAAP EPS to be between $0.29-$0.30, in line with the consensus estimate of $0.30.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:43 pm

MANH

Manhattan Associates has projected its FY23 revenue to be between $886M-$894M, which is higher than the estimated $862.71M. The company also anticipates its adjusted EPS to be $3.07-$3.11, surpassing the estimated $2.88.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:40 pm

CSGP

CoStar Group has reduced its FY23 revenue forecast from $2.465B-$2.48B to $2.45B-$2.46B, below the consensus of $2.48B. The revision is due to lower property transaction volume expectations in the second half of 2023, which will impact Ten-X revenue.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:38 pm