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CHX

ChampionX (NASDAQ:CHX) reported Q2 adjusted earnings of $0.49 per share, beating the analyst consensus estimate of $0.44 by 11.36%. This is a 75% increase from the same period last year. However, the company's quarterly sales of $926.60 million missed the analyst consensus estimate of $980.39 million by 5.49%, marking a 0.64% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:31 pm

DE

A significant bearish stance has been taken on Deere (NYSE:DE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $350.0 to $500.0 for Deere over the last 3 months. Canaccord Genuity downgraded its action to Buy with a price target of $530, while Citigroup maintained their Buy rating with a price target of $475.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

FCX

Unusual options activity has been observed for Freeport-McMoRan (NYSE:FCX), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The targeted price range for FCX over the last 3 months is from $34.0 to $55.0. The current price of FCX is up 3.67% at $42.1. Citigroup, Bernstein, and Morgan Stanley have downgraded their actions on FCX with price targets of $46, $41, and $38 respectively.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

DOW

Unusual options activity has been observed for Dow (NYSE:DOW), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 17 options trades for Dow, with sentiment split between 35% bullish and 64% bearish. Whales have been targeting a price range from $40.0 to $57.5 for Dow over the last 3 months. Barclays, Morgan Stanley, Citigroup, and Mizuho have maintained their ratings on Dow with price targets of $56, $54, $55, and $52 respectively.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

VEEV

Veeva Sys (NYSE:VEEV) has outperformed the market over the past 5 years by 10.01% on an annualized basis, producing an average annual return of 20.05%. If an investor had bought $1000 of VEEV stock 5 years ago, it would be worth $2,379.27 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

PH

Parker Hannifin (NYSE:PH) has outperformed the market over the past 20 years by 5.77% on an annualized basis, producing an average annual return of 13.66%. If an investor had bought $1000 of PH stock 20 years ago, it would be worth $13,387.28 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

HXL

Hexcel Corporation has increased its FY23 EPS forecast from $1.70-$1.90 to $1.80-$1.94, which is still below the estimated $1.97.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:29 pm

HXL

Hexcel Corporation has increased its FY23 revenue forecast from $1.725B-$1.825B to $1.765B-$1.835B, compared to the previous estimate of $1.81B.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:28 pm

ISRA

Israel's government has passed a controversial law that curtails the power of the judiciary, sparking the largest protests in the nation's history. The law's passage has led to economic fallout, with Tel Aviv's primary stock indices plunging up to 2.5% and the shekel's losses against the dollar widening to approximately 1%. The VanEck Israel ETF (NYSE:ISRA), a U.S.-listed exchange-traded fund focused on Israeli shares, has experienced a decline of nearly 5% over the last three trading sessions.

Portfolio Pulse from Piero Cingari

July 24, 2023 | 8:26 pm

CLF

Cleveland-Cliffs Inc (NYSE:CLF) reported Q2 revenue of $5.98 billion, beating the consensus estimate of $5.8 billion. However, adjusted quarterly earnings of 69 cents per share missed analyst estimates of 70 cents per share. The company anticipates a $40 per net ton reduction in steel unit costs in Q3 and a $10 reduction in Q4. Shares were up 0.97% after hours.

Portfolio Pulse from Adam Eckert

July 24, 2023 | 8:21 pm