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BLNK

CHPT

EVGO

EV charging companies, including Blink Charging (BLNK), ChargePoint (CHPT), and EVgo (EVGO), are seeing their stocks rise following a Wall Street Journal report of a joint EV charging deal.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:59 pm

LI

An options alert has been issued for Li Auto with a sweep of 200 calls at $1.68 for September 15 $45 calls. This is compared to an open interest of 107. The company's earnings are expected to be released on August 14 before the market opens.

Portfolio Pulse from Charles Gross

July 26, 2023 | 1:53 pm

SPWR

SunPower Corp (NASDAQ:SPWR) shares dropped by around 15% after the company reported below-consensus Q2 revenues and a reduced 2023 outlook. The company expects Q2 revenues of $464 million, up 11% Y/Y, but below the consensus of $483.76 million. The company also reduced its 2023 outlook, including a cut in guidance of residential customers and a lowered outlook for residential adjusted EBITDA/customer.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 1:52 pm

GD

General Dynamics' CEO has announced that the company's FY23 margins will shrink by 40 basis points compared to previous guidance. However, the EPS estimate remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:50 pm

TFX

Teleflex Incorporated (NYSE:TFX) has agreed to acquire Palette Life Sciences AB for an upfront cash payment of $600 million, with an additional $50 million upon achieving certain commercial milestones. The acquisition, expected to complete in Q4 of 2023, will expand Teleflex's Interventional Urology portfolio. Palette Life Sciences is estimated to generate 2023 net sales of approximately $56 million. The transaction is expected to be dilutive to Teleflex's adjusted EPS in 2023 and 2024.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 1:45 pm

CLVR

CLVRW

Clever Leaves Holdings Inc. (NASDAQ:CLVR) (NASDAQ:CLVRW) has announced that its Colombian cannabis flower is now available to medical patients in Australia through a partnership with Australian Natural Therapeutics Group (ANTG). The products are under ANTG’s “Global Selects” brand portfolio. The news has led to a 7.22% increase in Clever Leaves shares, trading at $0.2198 per share.

Portfolio Pulse from Vuk Zdinjak

July 26, 2023 | 1:40 pm

AAPL

GOOGL

MSFT

NVDA

QQQ

SPY

Market Clubhouse's Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, and NVDA. The analysis is based on a proprietary formula considering price, volume, and options flow. The memo suggests potential bullish and bearish scenarios for each asset, largely dependent on the FOMC's interest rate decision. The memo also highlights the importance of staying alert due to potential market volatility.

Portfolio Pulse from RIPS

July 26, 2023 | 1:39 pm

HBI

Traders are closely watching Hanesbrands (HBI) due to circulating chatter about potential activist involvement from Ryan Cohen.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:38 pm

GSK

GSK plc reported Q2 FY23 sales of £7.18 billion ($8.97 billion), up 4% Y/Y, in line with consensus. Adjusted EPS of $0.97 beat the Wall Street estimate of $0.87. The company raised its 2023 outlook, expecting turnover to rise by 8%-10% and adjusted operating profit to increase 11%-13%. The results come ahead of the U.S. launch of the company's respiratory syncytial virus vaccine.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 1:37 pm

KPTI

Karyopharm Therapeutics Inc announced updated exploratory subgroup analyses from the SIENDO study in patients with advanced or recurrent TP53 wild-type endometrial cancer. The analysis showed a promising efficacy signal with a median progression-free survival (PFS) of 27.4 months for selinexor-treated patients. The data provides further rationale for the ongoing pivotal Phase 3 study of selinexor as maintenance therapy. Karyopharm is currently enrolling patients in this study. However, KPTI shares are down 4.09% at $1.53.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 1:33 pm