IBM Posts Upbeat Earnings, Joins ServiceNow, Helmerich & Payne, RTX, Nasdaq And Other Big Stocks Moving Higher On Thursday
Portfolio Pulse from Avi Kapoor
U.S. stocks saw significant gains on Thursday, with the Dow Jones index rising over 1%. IBM led the charge with a 6.4% increase following strong quarterly earnings. Other notable gainers included Viking Therapeutics, AST SpaceMobile, Bally’s Corporation, and ServiceNow, among others.
July 25, 2024 | 4:59 pm
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POSITIVE IMPACT
AST SpaceMobile shares jumped 25.2% to $16.72 after announcing the successful completion of its first five commercial satellites.
The successful completion of commercial satellites is a significant milestone for AST SpaceMobile, positively impacting its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Bally’s Corporation shares rose 24.2% to $16.80 after entering into a merger agreement with affiliates of Standard General L.P.
The merger agreement with Standard General L.P. is seen as a positive development for Bally’s Corporation, driving its stock price up.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
IBM shares rose 6.4% to $195.75 after reporting quarterly earnings of $2.43 per share, beating the analyst consensus estimate of $2.19. Quarterly sales also exceeded expectations.
IBM's strong earnings and sales performance exceeded analyst expectations, driving the stock price up significantly.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nasdaq shares gained 7.4% to $67.36 after reporting better-than-expected second-quarter financial results.
Nasdaq's better-than-expected second-quarter financial results have positively impacted its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
ServiceNow shares rose 13.7% to $831.97 after reporting better-than-expected second-quarter financial results.
ServiceNow's better-than-expected second-quarter financial results have positively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
RTX Corporation shares climbed 8% to $113.24 following a second-quarter earnings beat.
The positive earnings report for the second quarter has driven up RTX Corporation's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Viking Therapeutics shares surged 28.2% to $64.64 after reporting better-than-expected second-quarter EPS results.
The significant rise in VKTX shares is attributed to the company's better-than-expected second-quarter EPS results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80