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ALK

Susquehanna analyst Christopher N. Stathoulopoulos has reiterated a positive rating on Alaska Air Group, Inc. (NYSE:ALK), but lowered the price target to $58 from $65. The analyst noted concerns about softening U.S. domestic fares, growing U.S. domestic capacity, and some slippage in the company's internal expense forecasting. Alaska Air's Q2 FY23 operating revenue growth was 7% YoY to $2.84 billion, beating the consensus of $2.77 billion.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 6:22 pm

RTX

Susquehanna analyst Charles P. Minervino has reiterated a positive rating on RTX Corporation, despite lowering the price target from $117 to $110. RTX reported a 12% YoY sales growth in Q2 FY23, beating consensus. The company has also increased its FY23 sales expectations. However, due to an issue with Pratt's engine, the analyst has lowered estimates for EPS and FCF for 3Q23/2023. Despite this, Minervino remains confident in RTX's position in the recovering commercial aerospace market.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 6:21 pm

ABT

Abbott Laboratories is recalling its Amplatzer Steerable Delivery Sheath due to an increased risk of air embolism in patients. The company has reported 26 incidents and 16 injuries related to this issue, but no deaths. Abbott has issued a Medical Device Recall notice and is recalling 672 devices distributed between October 2022 and February 2023. The company's shares are up 0.89% at $113.95.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 6:20 pm

AMC

CMCSA

DIS

NFLX

PARA

Needham analyst Laura Martin reiterated a Hold on Netflix Inc (NASDAQ:NFLX) after its recent earnings report, highlighting key concerns raised by bears. These include higher customer acquisition costs, potential slowdown in 2024, weak ARPU, reliance on price increases for revenue growth, and the possibility of NFLX acquiring other content companies like Paramount Global (NASDAQ:PARA), AMC Entertainment Holdings, Inc (NYSE:AMC), Lionsgate, or a broadcaster. NFLX shares traded lower by 1.54% at $421.22 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 6:13 pm

GLD

QQQ

SPY

The Federal Reserve has raised the federal funds rate by 0.25% to 5.25%-5.5%, the highest level since February 2001. The decision was influenced by continued economic expansion, resilience of the U.S. banking system, and robust job market gains. The S&P 500 Index, Nasdaq 100 Index, and gold prices reacted with volatility to the news.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 6:10 pm

DKNG

DraftKings (DKNG) has an option alert for Friday $32.5 calls sweep near the ask with 2187 contracts at $0.177 versus 2510 open interest. The company is set to announce earnings on August 3rd after market close. The reference price is $31.28.

Portfolio Pulse from Charles Gross

July 26, 2023 | 6:04 pm

CNX

CNX Resources (NYSE:CNX) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $0.31. The company's past performance shows it beat EPS estimates last quarter, resulting in a 0.32% increase in share price. CNX Resources shares were trading at $18.33 as of July 25, with a 52-week increase of 5.35%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:03 pm

FAF

First American Financial (NYSE:FAF) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $1.01. The company's past performance shows a pattern of share price increases following earnings reports, even when EPS estimates were missed. The stock is currently trading at $58.85, up 2.61% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:03 pm

WEX

WEX (NYSE:WEX) is set to release its latest quarterly earnings report on July 27, 2023. Analysts estimate an earnings per share (EPS) of $3.51. The company's past performance shows a trend of beating EPS estimates, which has often resulted in a share price increase. WEX shares were trading at $197.3 as of July 25, with a 15.54% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:03 pm

AVNT

Avient (NYSE:AVNT) is set to release its latest quarterly earnings report on July 27, 2023. Analysts estimate an earnings per share (EPS) of $0.60. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $41.74, down 2.88% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:03 pm