Streetbeat News

Earnings

LMT

Lockheed Martin Corporation (NYSE:LMT) shares rose after the company reported strong Q2 2024 earnings, surpassing expectations. Multiple analysts raised their price targets, contributing to the stock's positive movement.

Portfolio Pulse from Vaishali Prayag

July 24, 2024 | 7:27 pm

PII

Polaris shares are trading lower after multiple firms lowered their price targets on the stock. The decline follows the company's worse-than-expected Q2 financial results and a cut in its guidance.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 7:19 pm

VIGL

Vigil Neuroscience Inc. (NASDAQ:VIGL) released interim data from its Phase 1 clinical trial of VG-3927, a novel small molecule TREM2 agonist for treating Alzheimer's disease. The data showed positive safety, tolerability, and pharmacokinetic profiles, supporting further development. The stock rose 6.52% following the news.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 7:12 pm

CMCSA

IYZ

NXTV

Comcast Corporation (NASDAQ:CMCSA) reported a 2.7% year-over-year revenue decline to $29.69 billion, missing analyst estimates. Despite beating EPS estimates, analysts have adjusted their expectations due to broadband struggles and theme park downturns. BofA, KeyBanc, and Oppenheimer analysts have reiterated their ratings but adjusted price targets and forecasts. Investors can also consider ETFs like Simplify Next Intangible Value Index ETF (BATS:NXTV) and IShares U.S. Telecommunications ETF (BATS:IYZ) for exposure.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 6:57 pm

META

NVDA

Meta Platforms, Inc. (NASDAQ:META) shares are trading lower as the broader market pulls back, influenced by disappointing earnings from Tesla and Alphabet. Meta announced the launch of its latest version of 'Llama' AI software, which is integrated into its suite of applications. NVIDIA Corp (NASDAQ:NVDA) also announced new AI services in connection with Meta's release.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 6:55 pm

AAPL

Apple Inc (NASDAQ:AAPL) is set to release its Q3 2024 earnings report, with JPMorgan analyst Samik Chatterjee predicting a strong performance driven by AI advancements. Chatterjee has raised the price target to $265 by December 2025, citing expected revenue and earnings beats, particularly from iPhone sales. The AI cycle is seen as a key growth driver, potentially boosting margins, volumes, and extending the replacement cycle.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 6:47 pm

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) is set to report its Q2 earnings after the market close on Wednesday. Analysts expect earnings of 32 cents per share and revenue of $2.939 billion. Last quarter, Chipotle beat estimates with a 14.1% revenue increase and adjusted earnings of $13.37 per share. The company has consistently met or exceeded estimates for three consecutive quarters. Analysts have mixed ratings on the stock, with price targets ranging from $55 to $71.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 6:47 pm

AZTR

LW

NUWE

PIRS

PRG

SGMO

T

U.S. stocks traded lower with the S&P 500 falling around 100 points. AT&T shares rose 5% after Q2 earnings, despite missing revenue estimates. Pieris Pharmaceuticals surged 78% on a merger agreement, while Sangamo Therapeutics rose 47% after a successful trial. PROG Holdings gained 21% on strong earnings. Azitra, Nuwellis, and Lamb Weston saw significant declines due to various financial issues.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 6:37 pm

CFFI

C&F Financial reported Q2 earnings per share (EPS) of $1.50, down from $1.84 year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:37 pm

GM

Analysts from Goldman Sachs and BofA Securities have reiterated their Buy ratings on General Motors (NYSE:GM), raising their price forecasts and earnings estimates. GM reported strong Q2 sales growth and beat EPS estimates, demonstrating its ability to sustain strong margins. The company is on track to achieve significant cost reductions and is expected to find further efficiencies despite challenging industry pricing trends.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2024 | 6:31 pm