Streetbeat News

Earnings

ALV

Autoliv Inc. (NYSE:ALV) reported worse-than-expected Q2 FY24 earnings, with a 1.1% sales decline to $2.605 billion, missing the $2.74 billion estimate. The company lowered its FY24 outlook due to lower light vehicle production and weaker sales. ALV shares fell 7.52% in pre-market trading.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 11:54 am

JHX

SHW

SXC

As of July 19, 2024, three materials sector stocks—Sherwin-Williams Co (SHW), SunCoke Energy Inc (SXC), and James Hardie Industries plc (JHX)—are considered overbought based on their RSI values. Investors should be cautious as these stocks may face downward pressure in the short term.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 11:51 am

WIT

Wipro expects its Q2 IT Services business segment revenue to be between $2.600 billion and $2.652 billion, slightly below the total revenue consensus of $2.67 billion. This represents a sequential guidance range of -1.0% to +1.0% in constant currency terms.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:43 am

CRSR

Corsair shares are trading lower after the company reported preliminary financial results below estimates. Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:40 am

BABA

Alibaba Group Holding Ltd (NYSE:BABA) is facing multiple challenges, including the departure of a key AI expert, Zhou Chang, and potential new U.S. sanctions on advanced semiconductor technology. Despite these challenges, Alibaba reported a 7% year-on-year increase in consolidated revenue, beating analyst expectations.

Portfolio Pulse from Anusuya Lahiri

July 19, 2024 | 11:39 am

ALV

Autoliv shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:28 am

CRWD

ISRG

MSFT

NFLX

PLUG

QQQ

SPWR

SPY

Wall Street is set to end the week on a subdued note as CrowdStrike and Microsoft drop amid a global outage. Despite recent tech-led sell-offs, analysts see a 10% upside potential for the S&P 500 over the next 12 months. Key companies like Netflix, Intuitive Surgical, American Express, Halliburton, Schlumberger, and Travelers are in focus due to earnings announcements.

Portfolio Pulse from Shanthi Rexaline

July 19, 2024 | 11:21 am

AXP

American Express (AXP) has raised its full-year EPS guidance from $12.65-$13.15 to $13.30-$13.80, surpassing the estimated $12.97.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:03 am

AXP

American Express shares are trading higher after the company raised its full-year EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:01 am

AXP

American Express (AXP) has raised its financial guidance, indicating a positive outlook for the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:01 am