Streetbeat News

Earnings

WMT

Whales have shown a bullish stance on Walmart (NYSE:WMT) with significant options trades detected. The trades include 7 puts and 3 calls, with a total trade amount of $276,589 and $351,665 respectively. Analysts have mixed ratings on Walmart, with an average target price of $80.0. Walmart's current trading volume is 7,290,084, with the stock price at $68.97, down by -0.33%. Earnings announcement is expected in 15 days.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:31 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) shares rose by 3.52% following the release of strong Q2 results. Analysts provided mixed ratings but generally raised price targets, highlighting solid transaction margin growth and positive future outlooks. The company is shifting from pricing-led to product-led growth.

Portfolio Pulse from Priya Nigam

July 31, 2024 | 5:25 pm

TLRY

Tilray's CEO, Irwin Simon, discusses the company's proactive approach amidst the potential rescheduling of cannabis from Schedule I to Schedule III. Tilray has diversified into the beer and spirits business, showing promising results. Simon remains confident about the company's future regardless of the rescheduling timeline.

Portfolio Pulse from Rolando García

July 31, 2024 | 5:24 pm

FXE

IWM

NVDA

QQQ

SOXX

SPY

Tech stocks experienced their best session in five months ahead of the Federal Open Market Committee (FOMC) meeting, driven by strong earnings and easing concerns over chip export restrictions to China. The Nasdaq 100 surged 2.7%, led by Nvidia Corp. (NVDA), which jumped 11%. The iShares Semiconductor ETF (SOXX) soared over 5%. The S&P 500 rose 1.6%, and small caps tracked by the iShares Russell 2000 ETF (IWM) increased by 1.1%. The dollar eased 0.2%, while the Japanese yen, tracked by the Invesco CurrencyShares Japanese Yen Trust (FXE), rallied 1.4%. Commodities like gold and oil also saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 5:23 pm

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson stated that the company does not expect any near-term disruption from the SAG-AFTRA strike, which affects games commencing production after September 2023. EA's current and upcoming releases remain unaffected.

Portfolio Pulse from Franca Quarneti

July 31, 2024 | 5:21 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher after the company reported strong Q2 results, with earnings of 1 cent per share and quarterly sales of $599 million, beating estimates. Revenue increased 22.54% year-over-year, and total members rose 41%. The company raised its full-year revenue guidance, and analysts have a positive outlook with a price target of $10.

Portfolio Pulse from Erica Kollmann

July 31, 2024 | 5:17 pm

AMD

QCOM

QUALCOMM (QCOM) shares are rising in sympathy with Advanced Micro Devices (AMD) after AMD reported better-than-expected Q2 earnings. AMD's strong performance in the data center segment and positive revenue outlook for Q3 have positively impacted chip-related stocks. Additionally, a potential new Biden administration rule on foreign chip equipment exports to China is influencing the sector.

Portfolio Pulse from Dylan Berman

July 31, 2024 | 5:10 pm

CRWD

MSFT

Microsoft's Azure cloud segment and AI initiatives are key focus areas for analysts following the company's Q4 financial results. Despite weaker-than-expected Azure growth and higher CapEx, analysts remain optimistic about Microsoft's long-term prospects, particularly in AI. Analysts reiterated positive ratings and high price targets for MSFT, emphasizing strong demand signals and future growth potential. The impact of a recent Microsoft outage caused by a CrowdStrike update was also noted.

Portfolio Pulse from Chris Katje

July 31, 2024 | 5:09 pm

EBAY

eBay Inc. (NASDAQ:EBAY) is expected to report higher Q2 earnings, with analysts forecasting $1.13 per share, up from $1.03 per share a year ago. The company will release its financial results after the closing bell on July 31. Recent analyst ratings include a mix of Neutral, Buy, and Outperform ratings with price targets ranging from $50 to $60.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 5:06 pm

ANET

CEG

CZR

FVRR

MOD

MTCH

NVDA

POWL

PSN

SAVA

SDST

SMG

TEVA

TLN

U.S. stocks saw significant gains on Wednesday, with the Dow Jones index rising over 200 points. Match Group, Inc. (NASDAQ:MTCH) led the surge with a 15% increase following better-than-expected Q2 revenue and strong Q3 guidance. Other notable gainers included Powell Industries, Inc. (NASDAQ:POWL), Stardust Power Inc. (NASDAQ:SDST), Modine Manufacturing Company (NYSE:MOD), and several others, all reporting better-than-expected financial results.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 5:05 pm