Streetbeat News

Earnings

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

KO

Analysts are optimistic about Coca-Cola's (NYSE:KO) performance, citing strong Q2 FY24 sales growth of 3% YoY to $12.4 billion, surpassing estimates. BofA Securities, RBC Capital Markets, and Truist Securities have reiterated their positive ratings and raised price targets, highlighting KO's resilience amid economic challenges.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 6:27 pm

NXPI

TXN

JP Morgan analyst Harlan Sur reiterated an Overweight rating on Texas Instruments (TXN) with a price target increase to $230. The company showed solid June quarter results, indicating a cyclical recovery. Key markets like Auto and Industrial are recovering, and China has rebounded strongly. Texas Instruments guided a 7% Q/Q sales increase for the September quarter, aligning with seasonal trends. The company is expanding its manufacturing footprint and expects modest gross margin expansion by year-end.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 6:23 pm

AMD

MSFT

NFLX

NVDA

TSM

This week in investing, the focus is on strong retail sales, high jobless claims, a tech stock sell-off, China's liquidity injection into its banking sector, and larger, weaker Treasury auctions. Despite strong retail sales, the market expects a rate cut by the Fed in September. Jobless claims surged, adding pressure for a rate cut. Tech stocks, including Nvidia, Taiwan Semiconductor, AMD, Microsoft, and Netflix, faced a tough week due to geopolitical tensions and cybersecurity issues. China injected over $100 billion into its banking system to stabilize its economy. Treasury auctions are getting larger with weaker demand, raising concerns about government spending and debt management.

Portfolio Pulse from Gary Brode

July 24, 2024 | 6:15 pm

CELH

Whales have shown a bullish stance on Celsius Holdings (NASDAQ:CELH) with significant options trading activity. Analysts maintain a positive outlook with an average target price of $68.2. The stock is currently down 2.71% at $46.19, with RSI indicators suggesting it may be oversold.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 6:01 pm

LULU

NKE

Lululemon Athletica Inc. (NASDAQ:LULU) shares are trading lower due to broader market declines and disappointing earnings. The Nasdaq Composite is down over 500 points, led by Tesla and Alphabet. Lululemon's recent earnings report showed lower-than-expected revenue growth and cautious guidance, causing the stock to hit new 52-week lows. Analysts have mixed ratings but see potential upside.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 6:00 pm

CSGP

CoStar Group shares are trading higher following Q2 earnings. The stock initially fell late Tuesday on the report but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:57 pm

GOOG

GOOGL

T

TSLA

Tesla and Alphabet experienced declines following their earnings reports, leading to a broader pullback in tech stocks. Meanwhile, AT&T saw a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:49 pm

MEDP

Medpace Holdings shares are trading higher after a decline on Tuesday following their Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:48 pm

VRT

Vertiv Holdings shares are trading lower following Q2 earnings. The stock initially rose but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:46 pm