Streetbeat News

Earnings

MCO

Moody's (NYSE:MCO) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $2.24. Last quarter, the company beat EPS by $0.79, which was followed by a 0.5% drop in the share price. Shares of Moody's were trading at $357.78 as of July 21, with a 24.32% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 4:02 pm

IVZ

Invesco (NYSE:IVZ) is set to release its quarterly earnings report on Tuesday, 2023-07-25, with analysts estimating an EPS of $0.40. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. Currently, shares are trading at $17.84, up 6.51% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 4:02 pm

AVY

Avery Dennison (NYSE: AVY) is set to release its latest quarterly earnings report on July 25, 2023. Analysts estimate an earnings per share (EPS) of $1.99. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. The stock is currently trading at $178.37 and has seen a 3.26% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 4:01 pm

ABNB

Keybanc Capital Markets has maintained an Overweight rating on Airbnb Inc (NASDAQ:ABNB) and upgraded the price target from $135 to $160. The analyst, Justin Patterson, cited a resilient travel demand and a favorable foreign exchange environment as reasons for the positive outlook. Airbnb's strategic marketing initiatives and stronger-than-expected average daily rates also contribute to Keybanc's bullish outlook. The company is set to issue its Q2 earnings on Aug. 3, with analysts expecting earnings of 75 cents per share on revenues of $2.42 billion.

Portfolio Pulse from AJ Fabino

July 24, 2023 | 4:00 pm

PYPL

Credit Suisse analyst Timothy Chiodo reiterated PayPal Holdings Inc (NASDAQ:PYPL) with a Neutral and $80 price target. Minor model updates were made ahead of Q2 2023 earnings, providing further context on lapping effects in the second half of 2023. Chiodo updated his Branded Checkout share analysis and transaction expense analysis. He noted supportive trends in PayPal’s U.S. Branded Checkout YoY growth. The price target remained unchanged at $80.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 3:58 pm

AMC

APLD

BDX

NIO

PKX

Several US stocks traded higher on Monday, with AMC Entertainment, Applied Digital, POSCO Holdings, HighPeak Energy, Janux Therapeutics, NIO, Bilibili, Kanzhun Limited, WW International, XPeng, MINISO Group, Metropolitan Bank Holding, iQIYI, CAVA Group, IMAX Corporation, Becton, Dickinson and Company, Tellurian, and Vipshop Holdings all recording gains. Notable reasons for the increases include AMC's denial to convert preferred equity units into common stock, Applied Digital's better-than-expected Q4 results, POSCO's strong quarterly earnings, and China's pledge to optimize the business environment for private enterprises.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 3:49 pm

AMD

TSM

Shares of Advanced Micro Devices, Inc. (AMD) are trading lower following weakness in the semiconductor industry. This is due to Taiwan Semiconductor (TSM) issuing weak Q3 and 2023 guidance, which could signal broader issues within the semiconductor market, potentially affecting AMD's sales and growth prospects.

Portfolio Pulse from Henry Khederian

July 24, 2023 | 3:44 pm

HOPE

Hope Bancorp, Inc. reported Q2 revenues of $147.70 million, a 4.3% decline YoY, but beating the consensus of $141.07 million. The company also reported a 4% YoY growth in deposits, reaching $15.62 billion. Despite the revenue decline, HOPE shares are trading higher by 5.45%.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 3:37 pm

ADBE

A significant investor has taken a bullish stance on Adobe (NASDAQ:ADBE), with 50% of investors opening trades with bullish expectations and 50% with bearish. Of the total trades, 8 are puts amounting to $645,330 and 6 are calls amounting to $296,309. The targeted price range for Adobe over the last 3 months is from $430.0 to $630.0. The current price of ADBE is up 0.42% at $522.41, with RSI indicators suggesting it may be approaching overbought. Next earnings are expected in 52 days.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 3:30 pm

GRPN

Groupon (GRPN) has seen a significant option alert for January 19th $9 calls. A total of 3500 contracts were bought at the ask price of $1.72, compared to an open interest of 5. The company is expected to announce its earnings on August 7th after the market closes. The reference price is $6.57.

Portfolio Pulse from Charles Gross

July 24, 2023 | 3:21 pm