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INCY

Incyte Corporation (NASDAQ: INCY) reported Q2 revenue of $1.04 billion, beating expectations, but posted a wider-than-expected EPS loss of $(1.82). Jakafi sales guidance was raised, and Opzelura showed strong growth. The company announced a strategic pipeline review and positive Phase 3 results for retifanlimab. William Blair maintains an Outperform rating with a $89 price target.

Portfolio Pulse from Vandana Singh

July 30, 2024 | 4:57 pm

FCNCA

Brian G. Belski announced on CNBC that he has bought more shares of First Citizens BancShares (FCNCA).

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:53 pm

EADSY

Airbus CEO stated that more analysis and work are required in the review of space systems contracts. The latest space charges reflect a bottom-up analysis of risks for all except one major space systems contract.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:51 pm

EIS

SPY

USO

BBC World Service correspondent Nafiseh Kohnavard reported on X that Israel attacked a location in Dahieh, Beirut. This development could have implications for various sectors, including energy and defense.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:50 pm

FSLR

First Solar Inc (NASDAQ:FSLR) shares are flat as investors await the company's second-quarter earnings report. Analysts expect EPS of $2.69 and revenue of $941.538 million. The stock has recently fallen due to increased tariffs on Chinese solar panels and market oversupply concerns.

Portfolio Pulse from Henry Khederian

July 30, 2024 | 4:50 pm

PSX

Phillips 66 announced that its refinery utilization is likely to be reduced in Q3 due to softening coastal markets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:46 pm

ADBE

Deep-pocketed investors have shown unusual options activity in Adobe (NASDAQ:ADBE), with a mix of bullish and bearish sentiments. Significant options trades suggest a price range of $410.0 to $940.0. The stock is currently trading at $534.98, down by 0.3%, with an RSI indicating it may be approaching oversold territory. An analyst from Piper Sandler maintains an Overweight rating with a target price of $635.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 4:46 pm

CGC

TLRY

Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher due to positive earnings from Tilray Brands, Inc. (NASDAQ:TLRY) and favorable political developments for marijuana reform in the U.S. Canopy Growth is set to report its Q1 results on Aug. 9, with analysts expecting losses of 35 cents per share and revenue of $53.84 million.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 4:40 pm

IT

Gartner Inc (NYSE:IT) shares surged after reporting better-than-expected Q2 FY24 results, including a 6.1% sales growth, increased operating income, and higher adjusted EPS. The company also raised its share repurchase authorization and FY24 adjusted EPS outlook.

Portfolio Pulse from Shivani Kumaresan

July 30, 2024 | 4:40 pm

CECO

CECO Environmental shares are trading lower after the company reported worse-than-expected Q2 revenue results but raised its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:37 pm