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EWG

VGK

Germany's GfK Consumer Climate for August is reported at -24.4, slightly better than the estimated -24.7 and the previous -25.2.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:07 am

DOGEUSD

PEPEUSD

SHIBUSD

Pepe Coin (CRYPTO: PEPE), a meme-inspired cryptocurrency, has outperformed other popular meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in terms of market capitalization in the last 24 hours. A notable whale transfer of PEPE tokens coincided with the positive price trend. The whale withdrew 2 trillion PEPE tokens from Binance, estimated to be worth around $3 million.

Portfolio Pulse from Mehab Qureshi

July 27, 2023 | 6:06 am

MT

ArcelorMittal has revised its FY23 global Ex-China apparent steel consumption growth forecast to +1%-2% from the previous +2%-3%. In the US, due to the impact of interest rate rises, steel consumption in 2023 is expected to decline by -2.0% to 0.0%, down from the previous guidance of +1.5% to +3.5%. In Europe, Brazil, CIS region, and India, the company also adjusted its steel consumption estimates.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:04 am

MT

ArcelorMittal's Q2 earnings per share (EPS) of $2.20 beat the analyst consensus estimate of $1.81 by 21.55%, but it's a 48.11% decrease from the same period last year. The company's quarterly sales of $18.61 billion missed the analyst consensus estimate of $19.25 billion by 3.32%, marking a 15.95% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 5:56 am

CTRA

Coterra Energy has recommended its stockholders to reject a mini-tender offer by TRC Capital Investment to purchase approximately 0.5% of Coterra's outstanding shares at $25.50 per share.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 5:54 am

TSLA

Gary Black from Future Fund has reiterated his positive stance on Tesla's Cybertruck, stating that it will be a 'home run' for the company and will 'really catapult' the stock. He believes the Cybertruck, with 1.9 million pre-orders and priced below $50,000, will become a 'rolling billboard', driving more orders for other Tesla models. Black does not believe the Cybertruck will cannibalize existing products as it targets pickup truck enthusiasts in their 40s and 50s.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 5:49 am

ETHUSD

Worldcoin, a project led by OpenAI co-founder Sam Altman, has drawn criticism from Twitter co-founder Jack Dorsey and others for its requirement of iris scanning to obtain its native token. The project aims to enhance economic opportunities and differentiate humans from AI. Ethereum co-founder Vitalik Buterin also expressed concerns about potential privacy breaches. Worldcoin's token, WLD, was down 8.21% at the time of the report.

Portfolio Pulse from Mehab Qureshi

July 27, 2023 | 4:48 am

IART

Integra LifeSciences expects 3Q23 revenues to be in the range of $386M-$390M, slightly below the consensus of $388.59M. The company also anticipates adjusted EPS to be between $0.76-$0.80, lower than the consensus of $0.84. The forecast includes the impact of the Boston recall.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 4:40 am

IART

Integra LifeSciences has lowered its FY23 guidance, with expected revenue of $1.548B-$1.560B, down from the previous estimate of $1.602B-$1.62B. The new revenue forecast is in line with the consensus of $1.56B. The company also revised its adjusted EPS to $3.10-$3.18, down from $3.43-$3.51, slightly below the consensus of $3.12.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 4:37 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed following the U.S. central bank's decision to raise the interest rate by 25 basis points. Despite the rate hike, investors remain hopeful that the Federal Reserve will eventually cease its series of interest rate increases. The global crypto market capitalization stands at $1.18 trillion, a 0.93% increase in the last day. The US stock market experienced a decline on Wednesday following a Federal Reserve rate hike and major corporate earnings. Analysts warn that Bitcoin may be prone to corrections post-halving.

Portfolio Pulse from Mehab Qureshi

July 27, 2023 | 2:37 am