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INTC

PG

The Personal Consumption Expenditure (PCE) price index, the Federal Reserve's favored inflation indicator, showed a slight decrease in price pressures in June, easing investors' concerns about a potentially destabilizing inflation surge. Economists believe that the softer-than-expected PCE data could trigger the market to hit new highs. Stronger earnings from major companies like Intel Corporation (NASDAQ:INTC) and Proctor & Gamble Co (NYSE:PG) have also contributed to a positive earnings season.

Portfolio Pulse from AJ Fabino

July 28, 2023 | 3:27 pm

HIG

Hartford Financial Services Group's shares are trading lower following the company's Q2 revenue results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:26 pm

FSLR

First Solar Inc (NASDAQ:FSLR) reported better-than-expected Q2 results and announced plans to build its fifth U.S. panel factory. Analysts from BofA Securities, Oppenheimer, Goldman Sachs, Morgan Stanley, and Raymond James provided positive feedback on the company's performance and future outlook. The company's stock price rose by 0.63% to $199.84 at the time of publication.

Portfolio Pulse from Priya Nigam

July 28, 2023 | 3:26 pm

NWL

Newell Brands Inc reported a Q2 FY23 sales decline of 13.2% YoY to $2.20 billion, beating the analyst consensus of $2.15 billion. The company's adjusted EPS of $0.24 also beat the analyst consensus of $0.13. However, the company lowered its FY23 adjusted EPS outlook to $0.80 - $0.90 from $0.95 - $1.08 and cut the FY23 sales outlook to $8.20 billion - $8.34 billion from $8.4 billion - $8.6 billion. Despite the lowered outlook, NWL shares traded higher by 10% at $11.28.

Portfolio Pulse from Shivani Kumaresan

July 28, 2023 | 3:24 pm

DG

Dollar Gen's (NYSE:DG) short percent of float has risen 3.89% since its last report, with 4.09 million shares sold short, which is 1.87% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Dollar Gen has less short interest as a percentage of float, which is 3.34% on average.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:15 pm

MDT

Medtronic's (NYSE:MDT) short percent of float has fallen 7.41% since its last report, with 6.62 million shares sold short, which is 0.5% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Medtronic's short interest as a percentage of float is less than its peer group average of 3.24%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:15 pm

ISRG

Intuitive Surgical's (NYSE:ISRG) short percent of float has risen 7.14% since its last report, with 3.15 million shares sold short, which is 0.9% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Intuitive Surgical has less short interest as a percentage of float, which is 3.22% on average.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:15 pm

CVX

USO

Chevron's CEO has stated that fires in Canada and an incident with a Floating Production Storage and Offloading (FPSO) unit in Thailand have negatively impacted the company's oil production guidance.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 3:14 pm

META

Meta Platforms Inc's stock is trading higher by 3.49% following a positive earnings report and an upgrade from China Renaissance from Hold to Buy with a $380 price target. The company reported Q2 revenue of $32 billion, surpassing the Street consensus estimate of $31.12 billion, and earnings per share of $2.98, beating the estimate of $2.91. User engagement also increased with 3.07 billion daily active users and 3.88 billion monthly active users.

Portfolio Pulse from Henry Khederian

July 28, 2023 | 3:10 pm

CMRE

Costamare Inc (NYSE:CMRE) reported a Q2 FY23 Voyage revenue growth of 25.8% YoY to $365.94 million, beating the consensus of $256.52 million. However, adjusted EPS was $0.56, down from $0.95 in 2Q22, missing the consensus of $0.59. The company repurchased 5.38 million common shares for $50 million during the quarter. Despite softening in the containership sector, the company's shares are trading higher by 19% at $11.31.

Portfolio Pulse from Akanksha Bakshi

July 28, 2023 | 3:08 pm