Streetbeat News

Earnings

ICLR

ICON Plc shares are trading lower after the company reported worse-than-expected Q2 revenue.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:53 pm

MORN

Morningstar shares are trading higher following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:52 pm

CARR

CCSO

FPX

Carrier Global Corp (NYSE:CARR) reported mixed Q2 FY24 results with net sales rising 12% Y/Y to $6.70 billion, missing the consensus of $7.00 billion. The company plans to repurchase $1 billion in shares in H2 2024. Adjusted EPS of $0.87 beat the consensus of $0.84. The company reduced its sales outlook to ~$25.5 billion from ~$26 billion. CARR shares are down 2.73%. Investors can gain exposure via First Trust US Equity Opportunities ETF (NYSE:FPX) and Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:CCSO).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 2:52 pm

ABBV

AbbVie shares are trading higher after the company reported better-than-expected Q2 financial results and raised its 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:50 pm

TMO

Thermo Fisher shares are trading higher after multiple analysts raised their price targets on the stock following Wednesday's earnings report.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:49 pm

PFE

Financial giants have made a bearish move on Pfizer (NYSE:PFE) with 21 unusual options trades. 47% of traders showed bearish tendencies, with significant trades including puts and calls. The stock is currently trading at $30.64, up by 2.22%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with an average target price of $41.25.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 2:46 pm

NVO

Novo Nordisk has seen a significant amount of bearish options activity, with 62% of recent trades being bearish. The stock is currently trading at $127.65, down 3.0%, and is approaching oversold territory. An analyst from Cantor Fitzgerald downgraded the stock to Overweight with a price target of $160.0.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 2:46 pm

IBM

IBM shares are trading higher after the company reported strong Q2 earnings, beating analyst estimates on both EPS and revenue. The company highlighted growth in software, consulting, infrastructure, and financing revenues, and emphasized strong cash generation and margin expansion.

Portfolio Pulse from Dylan Berman

July 25, 2024 | 2:42 pm

F

Ford Motor Company (NYSE:F) stock is trading lower after missing analyst EPS estimates for the 2024 fiscal year second quarter. The company reported adjusted EPS of 47 cents, below the expected 68 cents, but beat revenue estimates with $47.80 billion. Ford's revenue increased by 6% year-over-year. The company adjusted its full-year EBIT outlook for Ford Pro upwards and for Ford Blue downwards. Barclays maintained an Overweight rating but lowered the price target from $17 to $16.

Portfolio Pulse from Dylan Berman

July 25, 2024 | 2:40 pm

EZFL

HON

KDLY

PBM

POAI

SLRX

TWOU

U.S. stocks traded mixed with the Dow Jones gaining over 200 points. Honeywell International Inc. reported strong Q2 results but lowered its FY24 EPS guidance. Predictive Oncology Inc., Psyence Biomedical Ltd., and Salarius Pharmaceuticals, Inc. saw significant stock price increases, while 2U, Inc., EZFill Holdings Inc., and Kindly MD, Inc. experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 2:39 pm