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OTIS

Otis Worldwide Corp reported Q2 2023 sales growth of 6.7% YoY to $3.72 billion, beating the consensus of $3.58 billion. Adjusted EPS improved to $0.92, beating the consensus of $0.86. The company raised its FY23 outlook and launched its UpLift program to improve its operating model. However, OTIS shares are trading lower by 0.08% at $87.50 premarket on Wednesday.

Portfolio Pulse from Akanksha Bakshi

July 26, 2023 | 1:21 pm

SPWR

Traders are closely watching SunPower shares following an Oppenheimer note that mentions a potential guidance miss. The note has sparked speculation and increased attention towards SunPower's stock.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:20 pm

ENVX

TJ Rodgers, CEO of Enovix, responded to short sellers and admitted that the company's Army contract is small. He also posted a message on the company's website addressing the issue.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:18 pm

Boeing's CEO is currently appearing on CNBC.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:17 pm

ADP

Automatic Data Processing, Inc (ADP) reported Q4 2023 revenue growth of 8% YoY to $4.48 billion, beating the consensus of $4.39 billion. Employer services revenue rose 11% YoY to $3.02 billion, and PEO services revenue grew 4% YoY to $1.46 billion. Non-GAAP EPS of $1.89 beat the consensus of $1.83. ADP expects 2024 revenue of $19.09 billion - $19.27 billion, up by 6% - 7% YoY, and an adjusted EPS of $9.05 - $9.22, up by 10% - 12%.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 1:15 pm

LHX

L3Harris Technologies (NYSE:LHX) is expected to report a decline in its Q2 earnings with an estimate of $2.94 per share, down from $3.23 per share a year ago. The company's revenue is projected to be $4.37 billion. Several analysts have recently adjusted their price targets for L3Harris, with most maintaining a positive outlook despite the expected earnings drop.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 1:08 pm

DISH

GOOGL

SNAP

TKAT

In Wednesday's pre-market session, several communication services stocks saw significant movement. Takung Art, DISH Network, Alphabet, Lions Gate Enter, and comScore shares increased, while Snap, Onfolio Holdings, Antelope Ent Hldgs, ZW Data Action Tech, and TuanChe shares fell. Alphabet's Q2 earnings were released yesterday.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 1:06 pm

ARMP

AWH

BWAY

ERAS

FRTX

GMVD

INVO

PXMD

TALS

TLRY

XTLB

YCBD

In Wednesday's pre-market session, several health care stocks showed significant movement. Tilray Brands, Talaris Therapeutics, Aspira Womens Health, cbdMD, G Medical Innovations, and Erasca saw increases, while INVO Bioscience, XTL Biopharmaceuticals, Fresh Tracks Therapeutics, Armata Pharmaceuticals, PaxMedica, and BrainsWay experienced decreases.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 1:06 pm

AWIN

RHI

SPWR

VICR

In Wednesday's pre-market session, 12 industrial stocks showed significant movement. AERWINS Technologies, Vicor, Ault Alliance, Shapeways Holdings, Sarcos Technology, and Union Pacific saw gains, with AERWINS leading at a 57.4% increase. SunPower, Robert Half, Encore Wire, Expion360, Sunrun, and iSun experienced losses, with SunPower leading the decline at 16.1%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 1:05 pm

MXL

SIMO

Several Information Technology stocks showed significant movement in Wednesday's pre-market session. Notable gainers included Silicon Motion Technology (SIMO), Gorilla Tech Gr (GRRR), Phunware (PHUN), Tenable Holdings (TENB), Transphorm (TGAN), and VNET Gr (VNET). On the other hand, MaxLinear (MXL), Silicon Laboratories (SLAB), Castellum (CTM), ClearOne (CLRO), Inpixon (INPX), and CoreCard (CCRD) experienced losses.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 1:05 pm