Streetbeat News

Earnings

GEHC

GE HealthCare Technologies shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results. The stock initially traded lower, but it has since reversed.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:29 pm

FNA

Paragon 28's audit committee has concluded that the company's previously issued audited financial statements for the fiscal year ended December 31, 2023, and the quarters ended March 31, 2023, June 30, 2023, September 30, 2023, and March 31, 2024, should no longer be relied upon.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:28 pm

ENTG

Entegris shares are trading lower after the company reported Q2 financial results and issued Q3 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:25 pm

PYPL

PayPal shares are trading higher following better-than-expected Q2 financial results. Additionally, Bernstein upgraded the stock from Market Perform to Outperform, and multiple firms raised their price targets.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:21 pm

MAR

Marriott International (NASDAQ:MAR) shares dropped 5% despite beating Q2 EPS estimates. The company reported Q2 adjusted EPS of $2.50, surpassing the $2.47 estimate, but missed sales expectations with $6.439 billion versus $6.483 billion. Marriott's FY24 outlook disappointed investors, projecting full-year adjusted EPS between $9.23 and $9.40, below the $9.50 estimate.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2024 | 2:21 pm

NCLH

Norwegian Cruise Line's executive announced that the company's increased guidance is entirely due to stronger pricing. This was revealed during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:18 pm

CLH

Clean Harbors shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 adjusted EBITDA guidance.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:16 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for July 31st, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish scenarios for each asset based on proprietary formulas. Additionally, the memo highlights significant economic data releases and the FOMC Interest Rate Decision, which are expected to create a volatile trading environment.

Portfolio Pulse from RIPS

July 31, 2024 | 2:16 pm

CDW

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

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:15 pm

HUM

Humana Inc (NYSE:HUM) reported Q2 earnings that beat expectations but issued a subpar profit outlook, causing its stock to tumble. The company posted adjusted EPS of $6.96, down from $8.94 a year ago, but above the consensus of $5.85. Revenues increased to $29.54 billion, driven by higher Medicare premiums and membership growth. Despite favorable claims development, higher inpatient admissions impacted results. Humana reaffirmed its 2024 adjusted EPS guidance of ~$16.00, below the consensus of $20.31, and expects a 2024 insurance segment benefit ratio of approximately 90%. HUM stock fell 6.32% following the announcement.

Portfolio Pulse from Vandana Singh

July 31, 2024 | 2:01 pm