Streetbeat News

Earnings

GOOG

GOOGL

IWM

TSLA

Economist Peter Schiff warns of a potential market crash if the Federal Reserve does not cut rates soon. U.S. stocks, including Alphabet Inc. and Tesla Inc., experienced significant declines. Investors are shifting from large-cap tech stocks to small-cap equities, with the iShares Russell 2000 ETF showing notable outperformance. Mortgage rates have also dropped as investors anticipate Fed rate cuts.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 9:17 am

WF

Woori Financial Group reported Q2 2024 sales of $1.992 billion, a decrease from $2.351 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:11 am

WF

Woori Financial Group (NYSE:WF) reported Q2 2024 GAAP EPS of $3.45, significantly beating the analyst consensus estimate of $2.28 by 51.3%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:10 am

TSLA

Jim Cramer defends Tesla and its CEO Elon Musk despite a 12% drop in Tesla's stock price following an earnings miss and disappointing volume guidance for 2024. Cramer highlights Musk's vision for self-driving technology, energy production, and humanoid robots as reasons to buy the stock during this weakness.

Portfolio Pulse from Shanthi Rexaline

July 25, 2024 | 9:08 am

BTI

British American Tobacco reported a decline in its H1 adjusted EPS to 169.3p from 181.6p year-over-year, and a decrease in revenue to £12.34 billion from £13.44 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:16 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

The recent tech stock selloff, triggered by disappointing quarterly reports from Tesla and Alphabet, has caused the Nasdaq Composite to drop 3.6%. Investors are rethinking their tech-heavy portfolios, with concerns about stretched valuations and comparisons to the dot-com bubble. Key tech stocks like Nvidia, Microsoft, Amazon, Meta, and Apple have been significantly impacted.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 8:14 am

LSBK

Lake Shore Bancorp (NASDAQ:LSBK) reported Q2 earnings per share (EPS) of $0.19, a 35.71% increase from $0.14 YoY. However, sales decreased by 12.16% to $5.94 million from $6.77 million YoY.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:02 am

FSBC

Five Star (NASDAQ:FSBC) reported Q2 earnings per share of $0.51, beating the analyst estimate of $0.49. Sales were $30.66 million, also surpassing the $28.67 million estimate. However, EPS decreased by 31.08% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:59 am

LUV

Southwest Airlines (NYSE:LUV) is set to release its Q2 earnings on July 25. Analysts expect earnings of $0.51 per share and revenue of $7.32 billion. Recent analyst ratings include a mix of Buy, Neutral, and Hold, with price targets ranging from $20 to $32. The stock recently fell 2.1% to $26.61.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 7:57 am

NFBK

Northfield Bancorp (NASDAQ:NFBK) reported Q2 earnings per share of $0.14, meeting analyst expectations, and sales of $28.69 million, beating estimates by 2.13%. However, both EPS and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:55 am