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MKC

McCormick & Co reported Q2 earnings of $0.60 per share, beating the analyst consensus estimate of $0.57 by 5.26%. However, the company's quarterly sales of $1.66 billion missed the estimate of $1.67 billion by 0.60%. The earnings represent a 25% increase from last year, while the sales show an 8.02% increase.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:32 am

AHI

Trading of Advanced Health Intelligence (AHI) shares was halted at 6:13:55 AM due to pending news.

Portfolio Pulse from Charles Gross

June 29, 2023 | 10:27 am

INTC

NVDA

Nvidia Inc. warns that the American chip industry could face significant long-term costs if new restrictions on the sale of artificial intelligence (AI) semiconductors to China are implemented. The proposed export controls would require chip makers like Nvidia to obtain a license before shipping chips used to create powerful AI systems to China. Chip makers, including Intel Inc. and Nvidia, are lobbying the administration to ease any new restrictions or drop them altogether.

Portfolio Pulse from Benzinga Newsbot

June 29, 2023 | 10:26 am

BB

MU

Several stocks including BlackBerry, Micron, and others are trading higher in the pre-market session. BlackBerry reported better-than-expected fiscal first-quarter results, causing its shares to climb 18.5%. Micron also reported better-than-expected third-quarter results, leading to a 3.6% rise in its shares. Other stocks such as Lilium, AlloVir, Overstock.com, FREYR Battery, Opendoor Technologies, Joby Aviation, Oatly Group, and Ericsson also recorded gains in the pre-market trading.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 10:21 am

CWCO

GWRS

The article identifies Global Water Resources, Inc. (NASDAQ:GWRS) and Consolidated Water Co. Ltd. (NASDAQ:CWCO) as overbought stocks in the utilities sector, suggesting they may be overvalued. Both companies recently posted better-than-expected quarterly results, with GWRS closing at $12.94 and CWCO at $24.29 on Wednesday.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 10:16 am

ALVR

AUGG

HLLY

Insiders at AlloVir, Inc. (NASDAQ:ALVR), Augusta Gold Corp. (OTC:AUGG), and Holley Inc. (NYSE:HLLY) have recently made significant purchases of their companies' stocks. Gilead Sciences Inc, a 10% owner of AlloVir, acquired nearly 3 million shares at an average price of $3.75, costing around $10.99 million. Augusta Gold's Executive Chairman Richard Warke bought 50,000 shares at an average price of $0.64, spending around $32,000. Edward Virtue, a 10% owner of Holley, acquired over 4,000 shares at an average price of $3.50, costing around $14,343.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 10:15 am

NKE

Nike Inc. (NYSE:NKE) is expected to report lower Q4 earnings at 67 cents per share, down from 90 cents per share a year ago. The company's revenue is projected to be $12.59 billion. Several analysts have recently adjusted their price targets for Nike, with most maintaining an Overweight or Outperform rating, but one analyst downgraded the stock from Hold to Sell.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 10:15 am

JOBY

South Korea's SK Telecom has made an equity investment of $100 million in Joby Aviation, leading to a rise in Joby Aviation's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:14 am

BB

BlackBerry's shares are trading higher following the company's Q1 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:07 am

GBX

Greenbrier Companies has increased its revenue forecast for FY23 from $3.4B-$3.7B to $3.8B-$3.9B, surpassing the consensus estimate of $3.68B.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:05 am