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R

Ryder System Inc reported a Q2 FY23 revenue decline of 4.9% YoY to $2.88 billion, missing the analyst consensus of $3.05 billion. However, its EPS of $3.61 beat the analyst consensus of $2.91. The company raised its FY23 adjusted EPS outlook from $11.30 - $12.05 to $12.20 - $12.70. Ryder's shares are trading higher by 6.85% at $98.08.

Portfolio Pulse from Shivani Kumaresan

July 26, 2023 | 4:12 pm

AMZN

GOOG

GOOGL

MSFT

Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) reported their latest quarterly results. While Alphabet topped expectations, Microsoft's guidance fell short, despite its fiscal fourth quarter results surpassing estimates. Microsoft's revenue growth was under 10% for the third consecutive quarter. Azure revenue growth has slowed down, which is a concern as it competes with Google Cloud and Amazon.com Inc (NASDAQ:AMZN) AWS. Microsoft also trimmed its research and development spending and announced layoffs. The company's first quarter guidance was disappointing, with revenue and Azure growth expected to be lower than estimates.

Portfolio Pulse from Upwallstreet

July 26, 2023 | 4:10 pm

LCID

Lucid Group Inc's shares are trading higher by 2.27% to $7.00 despite no company-specific news. The stock is trading higher amid overall market volatility ahead of the Fed's decision. If the Fed raises interest rates, it could increase Lucid's borrowing costs, affecting its financial flexibility. Lucid is also ramping up production and expanding its product offerings, and higher interest rates could increase capital expenses.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 4:06 pm

NEX

NexTier Oilfield Solutions expects the U.S. land rig count to bottom out this summer, according to a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:03 pm

AOS

A.O. Smith (NYSE:AOS) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $0.91. The company's past performance shows a pattern of beating EPS estimates, but this has not always led to an immediate increase in share price. The stock is currently trading at $75.17, up 22.25% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:03 pm

MLM

Martin Marietta Materials (NYSE:MLM) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an earnings per share (EPS) of $4.85. The company's past performance shows it beat EPS estimates last quarter, leading to a 2.15% increase in share price. The stock is currently trading at $458.26, up 32.73% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:02 pm

CMG

Unusual options activity has been observed for Chipotle Mexican Grill (NYSE:CMG), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 32% bullish and 67% bearish. The price range targeted by these investors over the last 3 months is from $1600.0 to $2350.0. Analysts from B of A Securities, Morgan Stanley, TD Cowen, Truist Securities, and Wedbush have provided their ratings and price targets for CMG.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:02 pm

UNH

A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) with 72% of big-money traders being bullish and 27% bearish. The price target for UnitedHealth Group over the last 3 months has been between $440.0 to $550.0. The current price of UNH is up 0.73% at $514.66. Analysts from Mizuho, Deutsche Bank, Truist Securities, UBS, and JP Morgan have maintained their ratings on UnitedHealth Group with price targets ranging from $520 to $580.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:02 pm

ARCH

Arch Resources (NYSE:ARCH) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $6.28. The company's past performance shows a pattern of share price changes following earnings reports. The stock was trading at $121.24 as of July 25, with a 52-week return of -6.29%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:02 pm

HSY

Hershey (NYSE:HSY) is set to release its latest quarterly earnings report on July 27, 2023. Analysts estimate an earnings per share (EPS) of $1.91. The company's past performance shows a pattern of beating EPS estimates, but this has not always led to an immediate increase in share price. Shares of Hershey were trading at $244.0 as of July 25, with an 8.03% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:02 pm