Streetbeat News

Earnings

MCD

NDAQ

ON

PBI

SFM

Key stocks to watch on Monday include McDonald's, Nasdaq, ON Semiconductor, Pitney Bowes, and Sprouts Farmers Market. McDonald's and ON Semiconductor are set to release earnings, while Nasdaq announced a secondary offering. Pitney Bowes saw a significant rise after selling part of its e-commerce business, and Sprouts Farmers Market is also expected to report earnings.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 7:56 am

NFLX

SPY

Yardeni Research predicts short-term volatility in the S&P 500 due to election uncertainty but expects a strong year-end rally. The market is focused on earnings growth, stretched valuations, and a rotation from mega-cap to large-cap and SMID-cap stocks. The SPDR S&P 500 ETF Trust (SPY) has gained over 15% YTD.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 7:48 am

MCD

McDonald's Corporation (NYSE:MCD) is set to release its Q2 financial results on July 29. Analysts expect earnings of $3.07 per share, down from $3.17 a year ago, and revenue of $6.61 billion, up from $6.27 billion. The company declared a quarterly dividend of $1.67 per share. Recent analyst ratings have mostly maintained their ratings but lowered price targets.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 7:25 am

PSO

Pearson reaffirms its 2024 outlook, expecting sales growth, profit, and tax to align with market expectations. The company anticipates a free cash flow conversion of 95-100%. Divisional guidance includes growth in Higher Education and English Language Learning, with a decline in Virtual Schools.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:55 am

PSO

Pearson reported its H1 2024 adjusted EPS at 25.6p, remaining flat year-over-year. However, revenue decreased to £1.754 billion from £1.879 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:44 am

RDY

Dr Reddy's Laboratories (NYSE:RDY) reported Q1 2025 earnings per share (EPS) of ₹83.46, beating the analyst estimate of ₹76.83. Sales were ₹76.727 billion, surpassing the estimate of ₹72.830 billion. Despite a slight decrease in EPS from last year, sales increased by 13.87%.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:22 am

PHG

Koninklijke Philips has reiterated its 2024 outlook, expecting 3-5% comparable sales growth, an Adjusted EBITA margin of 11-11.5%, and free cash flow of EUR 0.9-1.1 billion. The outlook excludes potential impacts from ongoing legal proceedings related to Philips Respironics.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:11 am

PHG

Koninklijke Philips reported a 9% growth in comparable order intake for Q2 and a 3% growth for the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:06 am

PHG

Koninklijke Philips (NYSE:PHG) reported Q2 2024 earnings of €0.30 per share, beating the €0.25 estimate by 20%. Sales were €4.462 billion, slightly above the €4.430 billion estimate but down 8.38% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:03 am

AAPL

AMZN

GOOGL

META

MSFT

TSLA

UBER

Jim Cramer highlights the upcoming earnings reports from major tech companies like Microsoft, Meta, Apple, and Amazon as a critical test for the 'great rotation' theory, which suggests a shift from large-cap tech stocks to small-cap stocks. Recent earnings from Alphabet and Tesla were disappointing despite exceeding expectations, indicating potential market unpredictability.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 4:46 am