Streetbeat News

Earnings

KDP

Keurig Dr Pepper Inc. (NASDAQ:KDP) reported better-than-expected Q2 revenue with a 3.5% growth, driven by a consumer-centric innovation model. Adjusted EPS aligned with expectations, and the company reaffirmed its fiscal 2024 guidance.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2024 | 4:39 pm

GM

LEA

Lear Corporation (NYSE:LEA) reported strong Q2 earnings, beating EPS estimates but missing revenue expectations. The company introduced new products under its thermal comfort strategy and reached a tentative agreement with a union, allowing General Motors (NYSE:GM) to resume production. Despite reducing its FY24 net sales forecast, LEA shares are trading higher.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2024 | 4:31 pm

EVX

IDU

SRCL

WM

Waste Management, Inc. (NYSE:WM) shares are trading lower after reporting worse-than-expected Q2 financial results. Sales and adjusted EPS missed consensus estimates, despite revenue growth and margin expansion. The company reiterated its FY24 outlook and highlighted ongoing sustainability projects. WM recently agreed to acquire Stericycle, Inc. (NASDAQ:SRCL) for approximately $7.2 billion. Investors can gain exposure via VanEck Environmental Services ETF (NYSE:EVX) and IShares U.S. Utilities ETF (NYSE:IDU).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 4:22 pm

IBM

IBM shares rose after reporting better-than-expected Q2 results, driven by strong AI bookings and solid performance in software and infrastructure. Analysts from Goldman Sachs, RBC Capital Markets, Stifel, and BofA Securities raised their price targets, citing positive medium-term growth prospects despite current small revenue contributions from AI.

Portfolio Pulse from Priya Nigam

July 25, 2024 | 4:19 pm

KALU

Kaiser Aluminum shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 4:13 pm

AMTB

Amerant Bancorp shares are trading lower after the company reported worse-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 4:12 pm

PKG

Packaging Corp of America (NYSE:PKG) received mixed analyst ratings over the last quarter, with a majority being bullish. Analysts have raised their price targets, indicating a positive outlook. The company's financial performance shows strong revenue growth and net margins, but challenges in ROE.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 4:00 pm

IWM

QQQ

SPY

TLT

The upcoming release of the Personal Consumption Expenditure (PCE) price index, the Fed's preferred inflation measure, is anticipated to show a decrease, potentially reinforcing expectations of future Fed rate cuts. The U.S. economy grew at an annualized rate of 2.8% in Q2, exceeding forecasts. Market reactions to previous PCE data have been mixed, with large-cap stocks and bonds falling, while small caps outperformed.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 3:56 pm

F

Ford Motor Company (NYSE:F) reported disappointing Q2 earnings, leading to a drop in stock price. Analysts highlighted concerns over rising costs, particularly in the Ford Blue division, and mixed performance in the electric vehicle segment. Despite some positive notes on the Ford Pro segment, analysts have lowered their price targets and remain cautious.

Portfolio Pulse from Chris Katje

July 25, 2024 | 3:52 pm

UNP

Union Pacific Corporation (NYSE:UNP) reported mixed Q2 2024 results with operating revenue of $6.01 billion, missing the consensus of $6.06 billion. EPS beat expectations at $2.74. The company projects an uncertain volume outlook for the second half of 2024 but remains optimistic about profitability. UNP plans to repurchase $1.5 billion in shares and has increased its quarterly dividend by 3%.

Portfolio Pulse from Akanksha Bakshi

July 25, 2024 | 3:51 pm