Streetbeat News

Earnings

RVTY

Revvity Inc. (NYSE:RVTY) reported strong Q2 performance, beating both sales and EPS consensus estimates. The company raised its annual profit forecast, reflecting positive changes in foreign currency exchange rates and organic revenue growth.

Portfolio Pulse from Vandana Singh

July 29, 2024 | 2:38 pm

ABEV

BUD

SAM

TAP

Shares of beer companies are trading lower following weak earnings from Heineken.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:32 pm

IREN

High-rolling investors have shown a bearish sentiment on Iris Energy (NASDAQ:IREN) through significant options trading. The sentiment is split with 37% bullish and 50% bearish. The trading activity suggests a price target range of $9.0 to $17.5. Analysts have mixed ratings with a consensus target price of $19.2.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 2:30 pm

ARLP

Alliance Resource shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its FY24 revenue guidance for its coal operations.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:29 pm

IART

Integra LifeSciences shares are trading lower after the company lowered its FY24 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:28 pm

MCD

McDonald's shares are trading higher, reversing after an initial drop due to a Q2 earnings miss.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:24 pm

CERO

CGTX

LIPO

MCD

TWOU

VTVT

YIBO

U.S. stocks traded higher with the Nasdaq Composite gaining around 1%. McDonald's posted worse-than-expected Q2 results, leading to a decline in its stock. Lipella Pharmaceuticals, Planet Image International, and 2U, Inc. saw significant gains, while vTv Therapeutics, Cognition Therapeutics, and CERo Therapeutics experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 2:12 pm

HOPE

Hope Bancorp anticipates a 10% decline in its Net Interest Income (NII) for Q4 compared to Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:11 pm

QQQ

SPY

Prominent economists and analysts highlight the extraordinary performance of the U.S. economy, with a surprising 2.8% GDP growth in Q2 2024. Consumer spending reached record highs, driven by real income gains and a tight labor market. The S&P 500 and tech stocks have seen significant rallies, with SPY up 53% and QQQ up 78% since October 2022. Despite high interest rates, inflation has moderated, nearing the Fed's 2% target.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 2:03 pm

DELL

Whales have taken a bullish stance on Dell Technologies (NYSE:DELL) based on recent options trades. 44% of the trades were bullish, with a significant amount of money spent on calls. The predicted price range for DELL is between $110.0 and $140.0. The stock is currently trading at $114.64, up by 0.95%, and is considered oversold. An analyst from Evercore ISI Group has maintained an Outperform rating with a price target of $165.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 2:02 pm