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PANW

Investor Business Daily SwingTrader has reportedly purchased stock in Palo Alto Networks (PANW).

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:53 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher by 7.81% to $27.33 despite no company-specific news. The stock is trading higher amid overall market volatility ahead of the Fed's decision on interest rates. Higher interest rates could make borrowing more expensive for companies like Rivian, potentially impacting their growth plans and overall financial health. It could also reduce consumer spending, impacting Rivian's sales.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 2:52 pm

V

Visa Inc's shares are trading lower despite beating Q3 earnings estimates. The company reported revenues of $8.12 billion, up 12% YoY, and EPS of $2.16, up 25%. Payments volume, cross-border volume, and processed transactions also saw growth. Several analysts raised their price targets for Visa following the results. However, the company's shares were down 0.81% at the time of publication.

Portfolio Pulse from Adam Eckert

July 26, 2023 | 2:52 pm

FTV

Fortive Corp reported Q2 2023 sales growth of 4.3% Y/Y to $1.53 billion, beating the consensus of $1.51 billion. Adjusted EPS improved 9% Y/Y to $0.85, beating the consensus of $0.81. The company raised the adjusted EPS outlook to $3.36-$3.42. For Q3 2023, Fortive anticipates revenue of approximately $1.505 billion-$1.52 billion and adjusted EPS of $0.82-$0.85.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 2:48 pm

PLBC

Plumas (NASDAQ:PLBC) has announced a quarterly dividend of 25 cents per share, payable on August 15, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:46 pm

ACGL

Arch Capital Group's (NYSE:ACGL) short percent of float has risen 9.32% since its last report, with 4.11 million shares sold short, which is 1.29% of all regular shares available for trading. It would take traders 2.44 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.74%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:45 pm

GWW

W.W. Grainger's (NYSE:GWW) short percent of float has risen 6.5% since its last report, with 1.17 million shares sold short, which is 2.95% of all regular shares available for trading. It would take traders 4.09 days to cover their short positions on average. The company's short interest is less than its peer group average of 5.21%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:45 pm

EQNR

Equinor's (NYSE:EQNR) short percent of float has risen 17.65% since its last report, with 6.35 million shares sold short, which is 0.2% of all regular shares available for trading. It would take traders 2.78 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Equinor's peer group average for short interest as a percentage of float is 1.73%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:45 pm

BA

Boeing's CEO has expressed optimism about the company's prospects in China, citing recent signs of progress. The comments were made during an investor call.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:42 pm

SNAP

Snap Inc's shares fell by 19.14% after reporting 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. Daily active users increased by 14% YoY to 397 million. Despite exceeding estimates, the decline in revenue may concern investors.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 2:42 pm