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DIA

The Dow Jones Industrial Average Index has extended its winning streak to twelve consecutive sessions, reaching a peak of 35,438 points. This is only the third time such a streak has occurred in the post-World War II era. Investors are now closely watching the performance of the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) in anticipation of the Federal Reserve's Federal Open Market Committee (FOMC) meeting. The market has already factored in a 25-basis point hike, bringing the fed funds rate to 5.25%-5.5%, the highest level in over two decades.

Portfolio Pulse from Piero Cingari

July 25, 2023 | 8:49 pm

W

Wayfair Inc (NYSE:W) has launched a new generative artificial intelligence platform called Decorify. The platform creates shoppable and photorealistic images using generative AI, allowing customers to visualize Wayfair products in their homes. The tool is free and could potentially increase sales for the company. Wayfair's shares closed down 0.95% to $68.72 on Tuesday, but are up 110% year-to-date in 2023.

Portfolio Pulse from Chris Katje

July 25, 2023 | 8:47 pm

BA

A significant amount of unusual options activity has been detected for Boeing (NYSE:BA), with a bearish stance being taken by a majority of investors. Of the 45 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $427,047 and for calls was $1,697,989. Whales have been targeting a price range from $150.0 to $300.0 for Boeing over the last 3 months. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $220.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:46 pm

ANET

Arista Networks (NYSE:ANET) has seen unusual options activity, with a significant number of bearish trades. Of the 17 unusual trades detected, 47% were bullish and 52% were bearish. The total amount for puts was $645,960 and for calls was $552,184. Whales have been targeting a price range from $150.0 to $260.0 for Arista Networks over the last 3 months. The company's stock price is currently up 1.38% at $174.09. Several financial institutions have recently adjusted their ratings and price targets for Arista Networks.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:46 pm

CSGP

CoStar Group has projected its Q3 revenue to be between $622M-$627M, which is below the consensus estimate of $632.43M. The company also expects its non-GAAP EPS to be between $0.29-$0.30, in line with the consensus estimate of $0.30.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:43 pm

MANH

Manhattan Associates has projected its FY23 revenue to be between $886M-$894M, which is higher than the estimated $862.71M. The company also anticipates its adjusted EPS to be $3.07-$3.11, surpassing the estimated $2.88.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:40 pm

CSGP

CoStar Group has reduced its FY23 revenue forecast from $2.465B-$2.48B to $2.45B-$2.46B, below the consensus of $2.48B. The revision is due to lower property transaction volume expectations in the second half of 2023, which will impact Ten-X revenue.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:38 pm

TDOC

Teladoc Health Inc (NYSE:TDOC) reported better-than-expected Q2 results, with revenues of $652.4 million, beating estimates of $649.19 million, and an EPS loss of 40 cents, better than the estimated loss of 41 cents. Revenues were up 10% YoY, and adjusted gross margin increased to 70.8% from 69.2% YoY. The company expects Q3 revenue to be between $650 million and $675 million, and full-year 2023 revenue to be between $2.6 billion and $2.675 billion.

Portfolio Pulse from Adam Eckert

July 25, 2023 | 8:37 pm

LXFR

Luxfer Holdings (NYSE:LXFR) reported Q2 earnings of $0.27 per share, missing the analyst consensus estimate of $0.30 by 10%. This is a 25% decrease from the same period last year. The company also reported quarterly sales of $110.40 million, missing the analyst consensus estimate of $111.00 million by 0.54%. This is a 0.82% increase from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

July 25, 2023 | 8:36 pm

MMSI

Merit Medical Systems has projected its FY23 net sales to be between $1.23 billion and $1.244 billion, which is in line with the estimated $1.23 billion. The company also expects its adjusted EPS to be between $2.81 and $2.91, slightly varying from the estimated $2.90.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:35 pm