Streetbeat News

Earnings

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) is set to release its Q2 earnings on August 1, with analysts expecting a significant increase in both earnings per share and revenue compared to the previous year. Several top analysts have recently revised their price targets for Amazon, maintaining positive ratings.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 6:35 pm

ALXO

ATEC

EXAS

MRNA

OMCL

RDHL

VWE

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all falling. Moderna shares plunged over 20% due to lowered 2024 sales guidance. RedHill Biopharma, Exact Sciences, and Omnicell saw significant gains, while Vintage Wine Estates, ALX Oncology, and Alphatec Holdings experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 6:34 pm

MRNA

Moderna, Inc. (NASDAQ:MRNA) shares have plunged following a disappointing earnings report, breaking key support levels and potentially entering a new downtrend. The stock fell below the $115.00 support level, indicating a lack of demand to absorb sell orders, which may lead to further declines.

Portfolio Pulse from Mark Putrino

August 01, 2024 | 6:33 pm

ARM

Arm Holdings (NASDAQ:ARM) is poised for expansion in AI and auto markets, but its high valuation raises concerns among analysts. Goldman Sachs reiterated a Buy rating with a price target of $144, while Needham maintained a Hold rating due to valuation concerns. JP Morgan remained Overweight with a price target of $140. Arm reported strong fiscal Q1 2025 results but provided a mixed outlook for Q2. The stock traded lower by 15.7% at $121.41.

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 6:30 pm

WAT

Waters Corporation (NYSE:WAT) reported strong Q2 earnings, beating analyst estimates, but lowered its FY24 outlook. Analysts have revised their price targets and ratings for the stock.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 6:24 pm

SIRI

Sirius XM shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:23 pm

EG

Everest Group shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:22 pm

IEX

IDEX shares are trading lower after the company reported worse-than-expected Q2 earnings and FY Adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:22 pm

TTEK

Tetra Tech shares are trading higher following better-than-expected Q3 financial results and a price target increase from Baird.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:22 pm

MT

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

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:21 pm