Streetbeat News

Earnings

DIS

SPY

VOO

Walt Disney Co (NYSE:DIS) is experiencing a significant resurgence in 2024, driven by record-breaking box office hits like 'Inside Out 2' and 'Deadpool & Wolverine.' The company has reached $3 billion in global ticket sales with just four releases. Disney's fiscal Q3 2024 revenue grew by 4% year-on-year, beating estimates. Investors can gain exposure to Disney through SPDR S&P 500 (NYSE:SPY) and Vanguard S&P 500 ETF (NYSE:VOO).

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 5:31 pm

HAPS

YETI

YETI Holdings, Inc. (NYSE:YETI) has been upgraded to Buy by BofA Securities with a raised price target of $55. Despite reporting strong Q2 results and raising FY24 guidance, YETI shares are down 4.26%. The company is expected to benefit from global expansion, new products, and potential M&A activities.

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 5:31 pm

TBRG

TruBridge shares are trading higher following better-than-expected Q2 revenue results. Additionally, Cantor Fitzgerald raised its price target on the stock from $11 to $13.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:29 pm

PLBY

PLBY Group shares are trading lower following disappointing Q2 financial results and a downgrade from Jefferies, which lowered its rating from Buy to Hold and reduced the price target from $1.5 to $0.7.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:26 pm

TPST

Tempest Therapeutics shares are trading lower after the company reported worse-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:16 pm

STEP

StepStone Group shares are trading higher after the company reported better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:16 pm

LTRN

Lantern Pharma shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:15 pm

CSCO

DIA

IWM

LLY

PLTR

QQQ

SPY

TLT

XLI

XLV

Wall Street's momentum slowed on Friday after a strong Thursday rally. Major indices were mostly flat, with the S&P 500 slightly up. Palantir hit a 3-year high due to a partnership with Microsoft. Bonds rallied, and the dollar weakened. Key stock movers included Eli Lilly, Cisco, and several others reacting to earnings reports.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 5:13 pm

CRNX

Crinetics Pharmaceuticals shares are trading lower after the company reported worse-than-expected Q2 financial results. The company also announced the departure of its CFO, and Oppenheimer lowered its price target on the stock from $74 to $73.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:13 pm

LYFT

LYFT Inc (NASDAQ:LYFT) shares are down 3.8% to $9.68 following the company's second-quarter earnings report. Despite strong results with adjusted EPS of $0.24 and revenue of $1.44 billion, the stock remains volatile. Lyft also reported significant improvements in free cash flow and active riders, and introduced a price lock feature. The company projects positive free cash flow for the full year.

Portfolio Pulse from Henry Khederian

August 09, 2024 | 5:10 pm