Streetbeat News

Earnings

MARA

Whales have taken a bearish stance on Marathon Digital Holdings (NASDAQ:MARA) with 66% of recent options trades being bearish. The price target for MARA is between $10.0 and $25.0, with significant trades indicating bearish sentiment. The stock is currently trading at $21.56, up 6.31%, but RSI indicators suggest it may be overbought. An earnings announcement is expected in 6 days, and an analyst from B. Riley Securities maintains a Neutral rating with a $20 target price.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 1:46 pm

MSTR

Market whales have shown a bullish stance on MicroStrategy (NASDAQ:MSTR) with significant options activity. 40% of trades were bullish, 40% bearish, and the rest neutral. The price target range is between $1280.0 and $3000.0. MSTR's stock price is up 5.39% to $1693.0, with earnings expected in 6 days.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 1:45 pm

ASML

Recent options trading activity for ASML Holding (NASDAQ:ASML) shows a predominantly bearish sentiment among significant investors, with 70% of trades being bearish. The stock is currently trading at $892.06, up by 3.41%, and analysts have set an average price target of $1251.0. The next earnings report is due in 82 days.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 1:45 pm

CNC

Centene Corporation (NYSE:CNC) reported strong Q2 results with sales of $39.84 billion, beating expectations. Despite a fall in Medicaid enrollment, premium and service revenues rose by 3%. The company raised its annual revenue guidance and reaffirmed its EPS guidance. Centene's stock rose 4.39% following the announcement.

Portfolio Pulse from Vandana Singh

July 26, 2024 | 1:45 pm

BIG

CONN

Big Lots Inc (NYSE:BIG) is seeking a new loan backed by assets like company leases after facing years of declining same-store sales and a 10.2% drop in net sales for the quarter ending May 4. The company is returning to extreme bargains and closeout sales to combat challenges. Conn’s Inc. (NASDAQ:CONN) recently filed for bankruptcy, highlighting broader retail sector difficulties.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 1:43 pm

DECK

Deckers Outdoor Corporation (NYSE:DECK) shares are trading higher due to better-than-expected Q1 results. The company reported revenues of $825 million, surpassing estimates of $807.94 million. Analysts from Telsey Advisory Group and Baird maintain Outperform ratings with price targets of $1,100 and $1,075, respectively. DECK's gross margin improved to 56.9%, and operating income nearly doubled to $132.8 million. The company also raised its full-year 2025 earnings guidance and repurchased 177,000 shares.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 1:37 pm

F

GM

TSLA

WKSP

Ford Motor (NYSE:F) reported its Q2 results, showing a 6% YoY revenue increase to $47.81 billion, with automotive revenue surpassing estimates. Despite strong EV sales growth, Ford's EV unit reported a loss, and the company maintained its full-year EBIT guidance. General Motors (NYSE:GM) also reported strong EV deliveries but faced a decline in stock price. Worksport Ltd (NASDAQ:WKSP) is set to launch innovative products for electric pickups, potentially impacting the EV market.

Portfolio Pulse from Upwallstreet

July 26, 2024 | 1:35 pm

GNTX

Gentex shares are trading lower after the company missed Q2 earnings estimates and lowered its guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:31 pm

CELH

LW

SAM

The article highlights three oversold stocks in the consumer staples sector with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Lamb Weston Holdings Inc (LW), Boston Beer Company Inc (SAM), and Celsius Holdings, Inc (CELH).

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 1:30 pm

BHRB

Burke & Herbert Financial (NASDAQ:BHRB) reported a significant decrease in Q2 EPS to $(1.41) from $0.80 YoY, despite a substantial increase in sales to $69.27M from $28.42M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:20 pm