Streetbeat News

Earnings

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) shares are being closely watched as the broader markets and Bitcoin prices slip. Riot announced the acquisition of Block Mining, which will significantly increase its power resources and hashrate targets. Analysts have mixed views on Riot's short-term performance but remain bullish overall.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 5:38 pm

TMO

Thermo Fisher Scientific shares are trading higher after the company raised its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:31 pm

LMT

Lockheed Martin shares are trading higher after multiple analysts raised their price targets on the stock. The company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:30 pm

NEE

NextEra Energy shares are trading higher following Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:29 pm

AZTR

DRMA

GD

NUZE

TSLA

General Dynamics Corporation (NYSE:GD) shares fell 5.2% after reporting worse-than-expected Q2 EPS results despite revenue growth. Other notable stock movements include significant gains for NuZee, Inc. (NASDAQ:NUZE) and Dermata Therapeutics, Inc. (NASDAQ:DRMA), and declines for Azitra, Inc. (NYSE:AZTR) and Tesla, Inc. (NASDAQ:TSLA).

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 5:26 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) reported strong Q2 earnings with revenue of $84.742 billion and earnings of $1.89 per share, beating analyst estimates. Analysts remain positive on the stock, highlighting the impact of generative AI on Search and Cloud growth. Despite a 4.52% drop in stock price, analysts from BMO Capital Markets, RBC Capital Markets, and JMP Securities maintained Outperform ratings and raised price targets, citing sustainable growth and cost efficiencies driven by AI.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 5:17 pm

ETN

Significant bearish options activity has been detected for Eaton Corp (NYSE:ETN), with 65% of the trades being puts. This unusual activity suggests that large investors are anticipating a potential decline in Eaton Corp's stock price. The stock is currently trading at $305.68, down by 5.05%, with an earnings announcement expected in 8 days.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 5:15 pm

BA

Boeing (NYSE:BA) shares are trading lower on Wednesday ahead of its earnings release next week. Analysts estimate a loss of $1.76 per share and revenue of $17.26 billion for the 2024 fiscal year second quarter. Recent events include a plea deal with the DOJ, FAA grounding of 737 MAX jets, and new orders from Qatar Airlines and Macquaire AirFrance.

Portfolio Pulse from Dylan Berman

July 24, 2024 | 5:10 pm

FI

Fiserv, Inc. (NYSE: FI) reported strong Q2 earnings, with revenue and adjusted EPS beating analyst expectations. The company raised its annual outlook, citing significant growth in Merchant and Financial Solutions. The stock price has gained over 21% in the last 12 months and is currently trading above its 200-day moving average.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 5:04 pm

FRTY

OCFS

VRT

Vertiv Holdings Co (NYSE:VRT) reported strong Q2 FY24 results with a 13% increase in net sales and a 52% surge in adjusted operating profit. Despite beating consensus estimates for both revenue and EPS, the stock is trading lower. The company raised its FY24 guidance for revenue and EPS. Investors can gain exposure to Vertiv through Alger Mid Cap 40 ETF (NYSE:FRTY) and Professionally Managed Portfolios Otter Creek Focus Strategy ETF (NYSE:OCFS).

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 5:03 pm