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EDU

New Oriental Education & Technology (EDU) forecasts Q1 revenue to be between $0.983B and $1.006B, surpassing the estimated $0.939B.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:47 am

F

GM

TM

TSLA

Tesla, Inc. (NASDAQ:TSLA) has surpassed Toyota Motor Corp. (NYSE:TM) in California's auto market, with a new vehicle market share of 13.6% compared to Toyota's 12%. Nationwide, Ford Motor Co. (NYSE:F) leads with a 12.2% share, followed by Toyota and General Motors Corp. (NYSE:GM) at 12% and 11.1% respectively, while Tesla holds a 4.3% share. Tesla's Model Y is the best seller in California, followed by the Model 3. Tesla's strong performance in California is indicative of the robust uptake of electric vehicles in the state.

Portfolio Pulse from Shanthi Rexaline

July 26, 2023 | 9:46 am

EDU

New Oriental Education (NYSE:EDU) reported Q4 earnings of $0.37 per share, missing the analyst consensus estimate of $0.51 by 27.45%. However, the company's quarterly sales of $860.57 million beat the estimate of $820.07 million by 4.94%. This represents a 139.36% increase in earnings and a 64.22% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:44 am

ALLE

Allegion has revised its FY23 organic revenue growth outlook from a range of 5.5% - 7.5% to a narrower range of 5.5% - 6.5%.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:38 am

ALLE

Allegion has increased its FY23 adjusted EPS outlook from $6.55 - $6.75 to $6.70 - $6.80, which is higher than the estimated $6.68.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:37 am

JPM

JPMorgan Chase & Co.'s trading desk predicts a likely boost for stocks following the Federal Reserve's announcement of an interest-rate hike and a possible pause at the next meeting. They assign a 65% probability to this scenario, which they believe could push the S&P 500 as much as 0.75% higher. Despite skepticism, equities have recovered their losses since the Fed began raising rates 16 months ago, with the S&P 500 now trading roughly 5% above where it was at the start of the hiking cycle.

Portfolio Pulse from Benzinga Neuro

July 26, 2023 | 9:35 am

DB

Deutsche Bank AG (NYSE:DB) reported Q2 2023 revenue growth of 11% Y/Y to €7.41 billion. The bank expects share repurchases and dividends of over €1 billion in 2023. However, DB shares are trading lower by 1.81% at $11.40 premarket on the last check Wednesday.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 9:33 am

NKLA

Nikola Corporation (NASDAQ:NKLA) is planning to launch its hydrogen fuel cell electric truck this quarter, despite skepticism from industry players like Tesla's Elon Musk. The truck, which will be built by Nikola but will have its fuel cell power module provided by Bosch, can provide up to 536 horsepower and has a fuel time of 20 minutes or less. Nikola is currently under scrutiny after one of its battery-powered trucks caught fire twice.

Portfolio Pulse from Anan Ashraf

July 26, 2023 | 9:32 am

SIMO

Shares of Silicon Motion (SIMO) have spiked sharply, rising by 70% in premarket trading.

Portfolio Pulse from Charles Gross

July 26, 2023 | 9:31 am

LVLU

Telsey Advisory Group has downgraded Lulus Fashion Lounge (NASDAQ:LVLU) from Outperform to Market Perform and lowered the price target from $4 to $3.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 9:18 am