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VLO

Valero Energy (NYSE:VLO) has outperformed the market over the past 20 years, producing an average annual return of 14.02%. If an investor had bought $1000 of VLO stock 20 years ago, it would be worth $13,685.71 today.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 9:30 pm

CHOOF

EVIO

The article lists the cannabis stocks that gained and lost on July 25, 2023. Notable gainers include EVIO, MGC Pharmaceuticals, CBD Of Denver, Allied, and Blueberries Medical. Significant losers include Choom Holdings, 1933 Industries, GrowLife, Item 9 Labs, and Flora Growth.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 9:30 pm

FFIC

Flushing Financial (NASDAQ:FFIC) reported Q2 earnings of $0.26 per share, beating the analyst consensus estimate of $0.19 by 36.84%. However, this is a 62.86% decrease from the same period last year. The company also reported quarterly sales of $48.50 million, beating the analyst consensus estimate of $46.13 million by 5.14%, but this is a 32.72% decrease from the same period last year.

Portfolio Pulse from totan@benzinga.com

July 25, 2023 | 9:21 pm

MITT

WMC

Terra Property Trust (TPT) has acquired a 5.2% stake in AG Mortgage Investment Trust (MITT), stating that MITT is undervalued. TPT is considering all options to unlock this value, including a strategic combination involving MITT. TPT also reaffirms its commitment to complete the merger with Western Asset Mortgage Capital Corporation (WMC) in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:20 pm

ASH

Ashland has projected its FY23 sales to be $2.2 billion, slightly below the consensus estimate of $2.22 billion. The company also expects its adjusted EBITDA to be $500 million as announced on June 28.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:18 pm

ASH

Ashland Global Holdings Inc. (ASH) has announced that its expectations for destocking to conclude during Q3 were overly optimistic.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:15 pm

ASH

Ashland (NYSE:ASH) reported Q3 adjusted earnings of $1.23 per share, missing the analyst consensus estimate of $1.35 by 8.89%. This is a 34.92% decrease from the same period last year. The company also reported quarterly sales of $546.00 million, missing the analyst consensus estimate of $567.97 million by 3.87%. This is a 15.22% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:13 pm

BANC

Banc Of California has announced a merger with PacWest, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:08 pm

WM

Waste Management has revised its FY23 outlook, expecting revenue growth to be between 3.25% and 4.25%, lower than prior expectations by 100 basis points at the midpoint. This is largely due to lower than expected electricity and natural gas prices, and slower recovery of recycled commodity prices. Adjusted operating EBITDA is expected to be between $5.775 and $5.875 billion, below prior expectations by $75 million. However, free cash flow is projected to be between $1.675 and $1.775 billion, above prior expectations by $175 million.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 9:07 pm

FCF

First Commonwealth (NYSE:FCF) reported Q2 earnings of $0.42 per share, beating the analyst consensus estimate of $0.41 by 2.44%. However, the company's quarterly sales of $122.65 million missed the analyst consensus estimate of $122.86 million by 0.17%. The earnings and sales represent a 27.27% and 24.63% increase respectively from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 25, 2023 | 9:07 pm