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Ford Motor Company has recalled 870,000 F-150 trucks in the US due to a potential wiring issue that could activate the electric parking brake. The recall covers F-150 trucks from 2021 through 2023 equipped with a single exhaust system. Ford has received 918 warranty claims and three field reports for the wire chafing condition in North America. The company's shares are trading lower by 4.5% to $13.12.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 5:14 pm

TRP

TD Securities has downgraded TC Energy (NYSE:TRP) from Buy to Hold and lowered the price target from $62 to $50. The downgrade was announced by analyst Linda Ezergailis.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:14 pm

TREE

LendingTree's stock is trading higher after Needham maintained a Buy rating on the stock and increased the price target from $20 to $27.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:14 pm

IMO

Imperial Oil Ltd (AMEX:IMO) reported a sharp decline in Q2 2023 earnings, with EPS of C$1.15, down from C$3.63 a year ago. Net income also fell to C$675 million from C$2.41 billion due to lower commodity prices and increased planned turnaround activity. Total revenue was C$11.8 billion, down from C$17.3 billion. The company renewed its share repurchase program, allowing the purchase of up to 5% of outstanding shares over the next 12 months. Despite the decline in earnings, IMO shares are trading higher by 5.04% at $54.15.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 5:12 pm

AVTR

RETA

TNXP

UFAB

The article lists the stocks that gained and lost the most during Friday's mid-day trading session. Among the gainers were Unique Fabricating, Reata Pharmaceuticals, and Bluejay Diagnostics, while the losers included Tonix Pharmaceuticals, Sleep Number Corporation, and Femasys Inc. Avantor shares fell by 9.9% due to worse-than-expected Q2 financial results.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 5:07 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher after the company shared a picture of its Sapphire model on the production line. The vehicle will be available in the U.S. for $249,000. Shares of LCID are up more than 8% on above-average trading volume and have gained nearly 35% over the last month. The company will release its second quarter financial reports on Aug. 7.

Portfolio Pulse from Erica Kollmann

July 28, 2023 | 5:05 pm

CMLS

Cumulus Media reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:04 pm

AMAT

Shares of Applied Materials, Inc. (NASDAQ:AMAT) are trading higher by 4.63% after Intel Corporation and KLA Corp reported strong quarterly results. Intel's Q2 revenue of $12.9 billion exceeded the analyst consensus estimate of $10.97 billion, and its earnings per share of 13 cents outperformed the Street consensus estimate of a loss of 3 cents per share.

Portfolio Pulse from Henry Khederian

July 28, 2023 | 5:04 pm

TTI

Tetra Technologies (NYSE:TTI) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $0.09. The company's past performance shows a trend of share price drops following earnings misses. The stock was trading at $4.17 as of July 27, with a 52-week return of 3.02%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:03 pm

AAN

Aarons (NYSE:AAN) is set to release its latest quarterly earnings report on Monday, 2023-07-31. Analysts estimate an earnings per share (EPS) of $0.19. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. Aarons' shares were trading at $15.38 as of July 27, with a 52-week increase of 18.42%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:03 pm