Streetbeat News

Earnings

CUZ

Cousins Properties shares are trading higher after the company reported better-than-expected Q2 FFO and sales. Additionally, the company raised the midpoint of its FY24 FFO guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:16 pm

ADBE

Recent options trading trends for Adobe (NASDAQ:ADBE) show a bearish stance among major investors, with 36% of trades being bearish and 26% bullish. The trading volume and open interest suggest a price range between $310.0 and $600.0. Adobe's stock is currently trading at $540.81, up by 1.63%, with a neutral RSI. The next earnings report is due in 48 days, and the average analyst target price is $635.0.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 4:15 pm

MELI

Whales are showing a bullish stance on MercadoLibre (NASDAQ:MELI) with significant options activity. Over the past month, 15 trades were detected, with a mix of calls and puts. The price target for MELI ranges from $1210 to $2000. The stock is currently trading at $1650.33, up by 1.55%, with a neutral RSI. The next earnings report is due in 6 days.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 4:15 pm

BYD

Boyd Gaming shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:05 pm

BFI

BMY

COUR

DXCM

NBY

NMHI

WINT

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. Bristol Myers Squibb posted strong Q2 results and increased 2024 guidance. Windtree Therapeutics, BurgerFi International, and Coursera saw significant stock price increases, while NovaBay Pharmaceuticals, DexCom, and Nature’s Miracle Holding experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 4:02 pm

BOTJ

Bank of the James Financial Group (NASDAQ:BOTJ) reported a 16.07% decrease in Q2 earnings per share (EPS), down to $0.47 from $0.56 in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:01 pm

DXCM

DexCom Inc (NASDAQ:DXCM) reported strong Q2 sales and EPS but lowered its 2024 sales guidance, leading to a stock decline. Despite short-term challenges, analysts remain optimistic about long-term growth prospects due to market expansion and product portfolio.

Portfolio Pulse from Vandana Singh

July 26, 2024 | 3:59 pm

FBIN

Fortune Brands Innovations shares are trading higher following Q2 earnings. Multiple analysts raised their price targets following the report.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 3:54 pm

ORLY

O'Reilly Automotive (NASDAQ:ORLY) reported worse-than-expected Q2 results and issued FY24 guidance below estimates. Despite this, the stock gained 2.1% to $1,116.08. Analysts revised their price targets, with mixed adjustments.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 3:51 pm

AMWD

CCS

DFH

DHI

GRBK

IBP

ITB

JELD

MHK

MHO

TPH

Homebuilder stocks surged to record highs driven by expectations of interest rate cuts in September, despite struggling housing sales. The iShares U.S. Home Construction ETF (ITB) jumped 3.8%, and Bank of America upgraded Mohawk Industries (MHK) following strong Q2 earnings.

Portfolio Pulse from Piero Cingari

July 26, 2024 | 3:51 pm