Streetbeat News

Earnings

MSFT

RUM

Rumble Inc. (NASDAQ:RUM) announced the release of its new Xbox app, supported on all Microsoft Corp.'s (NASDAQ:MSFT) Xbox devices starting with 2013 third-generation models. The app enhances video distribution and supports the independent creator economy. Rumble shares gained over 20% last Monday due to political developments and is set to report Q2 results on Aug. 12. Wedbush initiated coverage with a Neutral rating and an $8 price target.

Portfolio Pulse from Erica Kollmann

July 26, 2024 | 2:46 pm

AES

ILMN

KHC

SCHW

SLB

Benzinga's 'Stock Whisper' Index highlights five stocks that are gaining interest among investors but are not widely discussed yet. The stocks include The AES Corporation, The Kraft Heinz Company, Illumina Inc, Charles Schwab Corporation, and Schlumberger. Each company has upcoming events or recent developments that could impact their stock prices.

Portfolio Pulse from Chris Katje

July 26, 2024 | 2:43 pm

IYG

JPM

XLF

JPMorgan Chase & Co. (NYSE:JPM) has launched an in-house generative AI tool named LLM Suite to enhance its research capabilities. The tool, similar to OpenAI's ChatGPT, is designed to assist with writing, idea generation, and document summarization. This rollout is one of the largest Wall Street implementations of an in-house developed large language model. JPMorgan's second-quarter revenue rose 22% year over year to $50.2 billion, beating the consensus of $42.3 billion, and adjusted EPS of $4.40, exceeding the consensus of $4.19. JPM shares are up 1.49% at $211.77.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 2:39 pm

DXCM

DexCom, Inc. (NASDAQ:DXCM) shares are trading lower after the company reported worse-than-expected second quarter revenue and issued weak guidance. Despite beating EPS estimates, the revenue miss and lowered guidance led to multiple analyst downgrades and price target reductions.

Portfolio Pulse from Dylan Berman

July 26, 2024 | 2:39 pm

CAMX

E

Eni S.p.A. (NYSE:E) reported a decline in Q2 FY24 profit but exceeded expectations, leading to a rise in shares. The company saw a 6% increase in hydrocarbon production and significant efficiency gains. Eni also announced a new biorefinery project and provided an optimistic outlook for the year, including a dividend increase and a buyback plan.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 2:33 pm

CL

Colgate-Palmolive has raised its FY24 organic sales growth guidance from 5-7% to 6-8%.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:31 pm

PLTR

Financial giants have shown a bullish trend in options trading for Palantir Technologies (NYSE:PLTR), with 62% of trades being bullish. The stock price is currently $27.11, up by 1.78%, and the next earnings report is due in 10 days. An analyst from Mizuho has downgraded the stock to Underperform with a price target of $22.0.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 2:31 pm

CL

Colgate-Palmolive shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:29 pm

CARR

Carrier Global shares are trading higher after multiple analysts maintained an Outperform rating on the stock. The company reported mixed Q2 earnings on Thursday.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:20 pm

CRWD

CrowdStrike experienced an outage that is likely to impact insurers' earnings. AM Best has warned of potential insurance claims and legal processes as a result.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:19 pm