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GD

General Dynamics' CEO has announced that the company's FY23 margins will shrink by 40 basis points compared to previous guidance. However, the EPS estimate remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:50 pm

TFX

Teleflex Incorporated (NYSE:TFX) has agreed to acquire Palette Life Sciences AB for an upfront cash payment of $600 million, with an additional $50 million upon achieving certain commercial milestones. The acquisition, expected to complete in Q4 of 2023, will expand Teleflex's Interventional Urology portfolio. Palette Life Sciences is estimated to generate 2023 net sales of approximately $56 million. The transaction is expected to be dilutive to Teleflex's adjusted EPS in 2023 and 2024.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 1:45 pm

CLVR

CLVRW

Clever Leaves Holdings Inc. (NASDAQ:CLVR) (NASDAQ:CLVRW) has announced that its Colombian cannabis flower is now available to medical patients in Australia through a partnership with Australian Natural Therapeutics Group (ANTG). The products are under ANTG’s “Global Selects” brand portfolio. The news has led to a 7.22% increase in Clever Leaves shares, trading at $0.2198 per share.

Portfolio Pulse from Vuk Zdinjak

July 26, 2023 | 1:40 pm

AAPL

GOOGL

MSFT

NVDA

QQQ

SPY

Market Clubhouse's Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, and NVDA. The analysis is based on a proprietary formula considering price, volume, and options flow. The memo suggests potential bullish and bearish scenarios for each asset, largely dependent on the FOMC's interest rate decision. The memo also highlights the importance of staying alert due to potential market volatility.

Portfolio Pulse from RIPS

July 26, 2023 | 1:39 pm

HBI

Traders are closely watching Hanesbrands (HBI) due to circulating chatter about potential activist involvement from Ryan Cohen.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:38 pm

GSK

GSK plc reported Q2 FY23 sales of £7.18 billion ($8.97 billion), up 4% Y/Y, in line with consensus. Adjusted EPS of $0.97 beat the Wall Street estimate of $0.87. The company raised its 2023 outlook, expecting turnover to rise by 8%-10% and adjusted operating profit to increase 11%-13%. The results come ahead of the U.S. launch of the company's respiratory syncytial virus vaccine.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 1:37 pm

KPTI

Karyopharm Therapeutics Inc announced updated exploratory subgroup analyses from the SIENDO study in patients with advanced or recurrent TP53 wild-type endometrial cancer. The analysis showed a promising efficacy signal with a median progression-free survival (PFS) of 27.4 months for selinexor-treated patients. The data provides further rationale for the ongoing pivotal Phase 3 study of selinexor as maintenance therapy. Karyopharm is currently enrolling patients in this study. However, KPTI shares are down 4.09% at $1.53.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 1:33 pm

BA

Boeing Co's Q2 FY23 results beat Street expectations with an 18% YoY revenue increase to $19.75 billion. The company recorded a loss from operations of $99 million, compared to a profit of $780 million a year ago. Commercial Airplanes revenue increased by 41% YoY to $8.84 billion, and deliveries increased by 12%. The company reduced its debt to $52.3 billion from $55.4 billion during the quarter. BA shares are trading higher by 3.88% at $222.43 premarket on Wednesday.

Portfolio Pulse from Akanksha Bakshi

July 26, 2023 | 1:27 pm

WW

Morgan Stanley has upgraded WW International's stock from Equal-Weight to Overweight and raised its price target from $5 to $13. This has resulted in the shares of WW International trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:25 pm

ENPH

SEDG

SPWR

Solar stocks are trading lower following Sunpower's weak preliminary Q2 results.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 1:24 pm