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Needham analyst Laura Martin reiterated a Hold on Netflix Inc (NASDAQ:NFLX) after its recent earnings report, highlighting key concerns raised by bears. These include higher customer acquisition costs, potential slowdown in 2024, weak ARPU, reliance on price increases for revenue growth, and the possibility of NFLX acquiring other content companies like Paramount Global (NASDAQ:PARA), AMC Entertainment Holdings, Inc (NYSE:AMC), Lionsgate, or a broadcaster. NFLX shares traded lower by 1.54% at $421.22 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 6:13 pm

GLD

QQQ

SPY

The Federal Reserve has raised the federal funds rate by 0.25% to 5.25%-5.5%, the highest level since February 2001. The decision was influenced by continued economic expansion, resilience of the U.S. banking system, and robust job market gains. The S&P 500 Index, Nasdaq 100 Index, and gold prices reacted with volatility to the news.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 6:10 pm

DKNG

DraftKings (DKNG) has an option alert for Friday $32.5 calls sweep near the ask with 2187 contracts at $0.177 versus 2510 open interest. The company is set to announce earnings on August 3rd after market close. The reference price is $31.28.

Portfolio Pulse from Charles Gross

July 26, 2023 | 6:04 pm

CNX

CNX Resources (NYSE:CNX) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $0.31. The company's past performance shows it beat EPS estimates last quarter, resulting in a 0.32% increase in share price. CNX Resources shares were trading at $18.33 as of July 25, with a 52-week increase of 5.35%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:03 pm

FAF

First American Financial (NYSE:FAF) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $1.01. The company's past performance shows a pattern of share price increases following earnings reports, even when EPS estimates were missed. The stock is currently trading at $58.85, up 2.61% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:03 pm

WEX

WEX (NYSE:WEX) is set to release its latest quarterly earnings report on July 27, 2023. Analysts estimate an earnings per share (EPS) of $3.51. The company's past performance shows a trend of beating EPS estimates, which has often resulted in a share price increase. WEX shares were trading at $197.3 as of July 25, with a 15.54% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:03 pm

AVNT

Avient (NYSE:AVNT) is set to release its latest quarterly earnings report on July 27, 2023. Analysts estimate an earnings per share (EPS) of $0.60. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $41.74, down 2.88% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:03 pm

PDS

Precision Drilling (NYSE:PDS) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $1.00. The company's past performance shows a pattern of beating EPS estimates but experiencing share price drops. The stock is currently trading at $59.43, down 11.38% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:03 pm

ATHM

Autohome (NYSE:ATHM) is set to release its latest quarterly earnings report on July 27, 2023. Analysts estimate an earnings per share (EPS) of $0.57. The company's past performance shows a pattern of share price changes following earnings reports. The stock was trading at $30.55 as of July 25, with a 52-week return of -12.85%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:02 pm

SAH

Sonic Automotive (NYSE:SAH) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $1.65. The company's previous quarter saw an EPS miss of $0.53, resulting in a 3.36% share price drop. Sonic Automotive's shares were trading at $49.15 as of July 25, with a 23.02% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:02 pm