Streetbeat News

Earnings

AMZN

GOOG

GOOGL

Analysts at Wedbush Securities are optimistic about Amazon's (NASDAQ:AMZN) prospects, citing strong performance in the retail segment, rising operating margins, and growth in Amazon Web Services (AWS). They have set a 12-month price target of $225 and maintained an Outperform rating. AWS is expected to grow over 18% year-over-year in Q2, with AI contributions being a key focus. Despite some concerns about Q2 revenue guidance and Prime Day results, analysts believe Amazon is relatively insulated from competitive threats and continues to gain market share.

Portfolio Pulse from Kaustubh Bagalkote

July 26, 2024 | 9:06 am

AVGO

GOOGL

META

MSFT

NVDA

TSLA

Tech stocks are experiencing a downturn due to unimpressive earnings from Tesla and Alphabet, leading to a broader selloff in the sector. Investors are reassessing market assumptions and redeploying funds amid economic uncertainty. Major tech companies like Nvidia, Broadcom, Meta Platforms, Microsoft, and Alphabet have seen their shares decline.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 8:50 am

EW

F

GOOG

GOOGL

META

MSFT

NVDA

The S&P 500 and Nasdaq Composite closed lower on Thursday, driven by declines in tech stocks such as Nvidia, Meta Platforms, Microsoft, and Alphabet. Ford Motor Company and Edwards Lifesciences Corporation saw significant drops due to disappointing earnings reports. The CNN Money Fear and Greed index remained in the 'Fear' zone, indicating negative market sentiment.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 8:06 am

E

Eni (NYSE:E) reported $24.82 billion in sales for Q2, marking a 15.05% increase from $21.57 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 7:18 am

CALT

Calliditas Therapeutics AB (NASDAQ:CALT) announced that its Phase 2b TRANSFORM trial for setanaxib in primary biliary cholangitis (PBC) met its primary endpoint, showing significant improvement in ALP levels.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:53 am

TROW

Top Wall Street analysts have updated their expectations for T. Rowe Price Group, Inc. (NASDAQ:TROW) ahead of its Q2 earnings release on July 26. Analysts predict earnings of $2.27 per share and revenue of $1.79 billion. The company recently reported assets under management of $1.57 trillion. Various analysts have adjusted their price targets and ratings for TROW.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 6:36 am

HTBK

Heritage Commerce (NASDAQ:HTBK) reported Q2 earnings per share of $0.15, missing the analyst estimate of $0.18 by 16.67%. Sales were $41.73M, beating the estimate of $40.90M by 2.03%. Compared to the same period last year, EPS decreased by 44.44% and sales decreased by 13.72%.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:30 am

BMY

CHTR

DECK

MMM

SKX

U.S. stock futures are trading higher this morning. Key stocks to watch include Bristol-Myers Squibb, Deckers Outdoor, 3M Company, Skechers U.S.A., and Charter Communications. Bristol-Myers Squibb is expected to report earnings of $1.63 per share on $11.55 billion revenue. Deckers Outdoor reported better-than-expected Q1 results and expects a 10% sales increase in FY 2025. 3M is expected to post earnings of $1.68 per share on $5.88 billion revenue. Skechers posted downbeat Q2 results but raised FY 2024 sales guidance and announced a $1 billion share repurchase program. Charter Communications is expected to report earnings of $7.98 per share on $13.59 billion revenue.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 6:18 am

BVN

Buenaventura Mining Co (NYSE:BVN) reported Q2 earnings of $0.28 per share, missing the $0.29 estimate but showing a significant improvement from last year's loss. Sales were $277.10 million, beating the $257.17 million estimate and showing a substantial increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:15 am

PFIS

Peoples Financial Services (NASDAQ: PFIS) reported Q2 adjusted EPS of $0.59, beating the estimate of $0.52, but sales of $22.46M missed the $23.50M estimate. EPS decreased by 54.96% YoY, and sales decreased by 12.44% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:04 am