Streetbeat News

Earnings

PH

Parker-Hannifin Corp (NYSE:PH) reported strong Q4 2024 results with a 2% sales growth and a 3% organic growth, beating consensus estimates. The Aerospace Systems segment showed a 19.2% increase in sales. The company provided an optimistic outlook for 2025, expecting sales growth of 1.5%-4.5% and adjusted EPS of $26.30-$27.00. PH shares surged 9.44% following the announcement.

Portfolio Pulse from Akanksha Bakshi

August 08, 2024 | 1:48 pm

ERJ

Embraer (NYSE:ERJ) reported Q2 2024 adjusted EPS of $0.438, beating the $0.27 estimate. Sales were $1.49 billion, surpassing the $1.43 billion estimate and marking a 15.63% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:43 pm

QRTEB

Qurate Retail (NASDAQ:QRTEB) reported a 9.14% year-over-year decrease in Q2 sales, dropping from $2.65 billion to $2.41 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:38 pm

AAPL

AMD

AMZN

ARM

GOOG

META

MSFT

NVDA

QCOM

QQQ

SPY

TSLA

Meta Platforms Inc. (META) has successfully monetized AI, reporting strong earnings with a 22% increase in revenues and a 73% increase in earnings. In contrast, Microsoft Corp. (MSFT) and Alphabet Inc. (GOOG) are struggling to monetize AI. Nvidia Corp. (NVDA) benefits significantly from AI spending, adding over $300B in market cap in one day. Advanced Micro Devices, Inc. (AMD) is also making inroads in AI. Arm Holdings PLC (ARM) and Qualcomm Inc. (QCOM) gave tepid forecasts. Jobless claims are increasing, and the Bank of England cut its interest rate to 5%. Money flows are positive in AAPL, AMZN, META, MSFT, NVDA, SPY, and QQQ, neutral in GOOG, and negative in TSLA.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:37 pm

CVNA

META

The article discusses a strategy for navigating current market volatility by hedging existing positions and selectively adding new ones. It highlights successful exits from options trades on Carvana Co. (CVNA) and Meta Platforms, Inc. (META), with gains of 220% and 103% respectively. The author plans to add new positions in oversold stocks with favorable PEG ratios and RSI values, despite cautioning about potential short-term losses if market conditions persist.

Portfolio Pulse from David Pinsen

August 08, 2024 | 1:37 pm

AAPL

AMAT

AMZN

GOOG

INTC

META

MSFT

MU

NVDA

QCOM

QQQ

SPY

TSLA

The article advises investors to raise cash and hedge positions, especially in AI and tech stocks, due to a weak jobs report and negative money flows in major tech stocks and ETFs. The jobs report indicates worsening employment conditions, contributing to market sell-offs. Earnings from Amazon and Intel were below expectations, while Apple's earnings were better but with disappointing growth in China. The article suggests a cautious approach with a protection band strategy.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:37 pm

AAPL

BRK.B

FXY

GLD

NVDA

QQQ

SLV

SPY

The article discusses the impact of the Bank of Japan's rate hike on global stocks, particularly through the unwinding of carry trades. This has led to aggressive selling in AI-related semiconductor stocks and the Magnificent Seven stocks. Warren Buffett's Berkshire Hathaway has sold a significant portion of its Apple holdings, increasing its cash position. The article also mentions delays in NVIDIA's next-generation chip and negative money flows in major ETFs and stocks. Investors are advised to consider hedges and protection bands to navigate the current market volatility.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:37 pm

DNUT

Krispy Kreme shares are trading higher after the company reported better-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:36 pm

BLDE

Blade Air Mobility shares are trading higher after the company reported better-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:34 pm

COST

CRSP

DLTR

DXCM

KEY

OKE

WMT

Jim Cramer on CNBC's 'Mad Money Lightning Round' recommended buying Oneok (OKE) and staying away from Dexcom (DXCM). He also commented on Dollar Tree (DLTR), Walmart (WMT), Costco (COST), KeyCorp (KEY), and CRISPR Therapeutics (CRSP).

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 1:29 pm