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BB

BlackBerry Limited (NYSE:BB) reported better-than-expected quarterly results, with a revenue of $373 million, surpassing the consensus estimate of $160.35 million. The company also reported adjusted earnings of 6 cents per share, beating analyst estimates for a loss of 5 cents per share. The company's shares were up 7.11% after hours.

Portfolio Pulse from Adam Eckert

June 28, 2023 | 9:36 pm

SHW

Sherwin-Williams (NYSE:SHW) has outperformed the market over the past 15 years by 11.76% on an annualized basis, producing an average annual return of 20.38%. The company currently has a market capitalization of $66.03 billion. If an investor had bought $100 of SHW stock 15 years ago, it would be worth $1,644.67 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:32 pm

SHOP

Shopify (NYSE:SHOP) has outperformed the market over the past 5 years by 23.81% on an annualized basis, producing an average annual return of 33.81%. If an investor had bought $1000 of SHOP stock 5 years ago, it would be worth $4,324.14 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:32 pm

CARA

CGC

FFNTF

MRMD

OGI

TRSSF

XXII

On June 28, 2023, TerrAscend, MariMed, and 4Front Ventures saw their shares rise by 3.88%, 3.67%, and 3.55% respectively. On the other hand, Cara Therapeutics, Canopy Gwth, 22nd Century Group, and OrganiGram Holdings saw their shares fall by 12.68%, 8.88%, 7.14%, and 4.26% respectively.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:30 pm

AAPL

SPY

Since Tim Cook took over as CEO of Apple Inc (NASDAQ:AAPL) in 2011, the company has reached new heights, becoming the first $2 trillion and $3 trillion public company. An investment of $1,000 in Apple stock at the time of Cook's appointment would be worth $14,178.06 today, a 1,317.8% increase over nearly 12 years. This significantly outperforms the S&P 500, as a $1,000 investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would be worth $3,748.97 over the same period, a return of 274.9%.

Portfolio Pulse from Chris Katje

June 28, 2023 | 9:24 pm

ARES

SVV

Savers Value Village has priced its upsized IPO of 22.29 million shares at $18.00 per share. The company is offering about 18.75 million shares, while 3.54 million are being offered by funds managed by Ares Management Corporation's Private Equity Group. The shares are expected to start trading on the NYSE under the symbol 'SVV' on June 29, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:14 pm

ASH

Ashland has reduced its FY23 sales guidance from $2.3B-$2.4B to a range of $2.2B due to continued customer de-stocking, significant macroeconomic uncertainty, and limited visibility into global consumer demand.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:11 pm

QQQ

SPY

The U.S. Treasury yield curve has inverted further, with the yield on the two-year note exceeding the yield on the 10-year note by a full percentage point. This is the biggest level of inversion since March 9. The New York Federal Reserve’s recession probability model now predicts a 71% chance of a recession occurring during the next 12 months. Despite these warnings, the stock market remains strong with the Nasdaq 100 index and the S&P 500 entering a bull market.

Portfolio Pulse from Piero Cingari

June 28, 2023 | 9:10 pm

BB

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

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:08 pm

ASH

Ashland Global Holdings Inc. (ASH) expects Q3 sales to be between $545M-$550M, down 15% year-over-year, which is below the consensus estimate of $625.61M. The company attributes the decline to lower volumes from rapid customer de-stocking, partially offset by favorable pricing.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:04 pm