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GFS

GlobalFoundries reported its Q2 financial results and issued guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:59 pm

CTRA

Coterra Energy reported mixed Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:57 pm

SPY

Federal Reserve's Harker stated that their forecast does not predict a spike in inflation. He also mentioned that supply chain issues are beginning to resolve, though not perfectly, and the fiscal stimulus is burning off.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:57 pm

LI

Li Auto's shares have declined following the release of the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:56 pm

VEV

Vicinity Motor Corp. (NASDAQ:VEV) has regained compliance with the Nasdaq minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market. The company's CEO, William Trainer, expressed satisfaction with the resolution and emphasized the team's focus on creating long-term value for shareholders.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:54 pm

LLY

NVO

Eli Lilly reported Q2 sales of $8.31 billion, up 28% Y/Y, beating the consensus of $7.58 billion. This was driven by growth from Mounjaro, Verzenio, Jardiance, Taltz. New Products contributed $1.00 billion to revenue, led by diabetes drug Mounjaro. The company also raised its annual revenue forecast to $33.4-$33.9 billion from prior guidance of $31.2-$31.7 billion. LLY shares are up 9.01% in premarket trading.

Portfolio Pulse from Vandana Singh

August 08, 2023 | 12:52 pm

DEI

B of A Securities analyst James Feldman has downgraded Douglas Emmett (NYSE:DEI) from Neutral to Underperform and lowered the price target from $12 to $10.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 12:51 pm

GAIA

LXRX

SUP

Insiders at Lexicon Pharmaceuticals, Gaia, and Superior Industries International have recently acquired shares in their respective companies. Lexicon Pharmaceuticals and Gaia reported wider-than-expected Q2 losses, while Superior Industries posted downbeat quarterly sales.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 12:50 pm

TWKS

Thoughtworks has projected its Q3 2023 revenue to be between $275M-$285M, which is significantly lower than the estimated $326.93M. The company also expects its adjusted EPS to be $0.02-$0.03, compared to the estimated $0.12.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:49 pm

LLY

Eli Lilly and Company (LLY) is set to release its quarterly earnings on Aug. 8, 2023. The options market implies a move of around +/-4.5% following the earnings release. Analysts expect the company to report earnings of $1.99 per share on revenue of $7.58 billion. There was a buyer of 2,300 of the September 450-puts, indicating traders expect the stock to move lower.

Portfolio Pulse from Priya Nigam

August 08, 2023 | 12:48 pm