Streetbeat News

Earnings

WFC

Recent options trading trends for Wells Fargo (NYSE:WFC) show a slight bearish sentiment with 52% of trades being puts. Analysts have mixed ratings, with target prices ranging from $59 to $70. The stock is currently trading at $59.66, down by -0.01%.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 5:02 pm

BSX

Boston Scientific Corporation (NYSE:BSX) reported strong Q2 earnings, with revenues of $4.12 billion and an adjusted EPS of $0.62, both beating consensus estimates. The company raised its 2024 guidance, forecasting net sales growth of 13.5%-14.5% and adjusted EPS of $2.38-$2.42. Despite the positive results, BSX stock was trading lower by 1.95%.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 4:53 pm

TSLA

Tesla's Q2 financial results have led to mixed reactions from analysts, primarily focusing on the company's automotive gross margins. Analysts have adjusted their ratings and price targets, with some highlighting upcoming catalysts like Robotaxi Day, new product launches, and potential FSD licensing. Despite the current challenges, many analysts remain optimistic about Tesla's long-term growth prospects.

Portfolio Pulse from Chris Katje

July 24, 2024 | 4:48 pm

AAPL

AMZN

GOOGL

MAGS

META

MSFT

NVDA

SPY

TSLA

Despite a recent correction in tech stocks, the 'Magnificent Seven' companies still make up over 30% of the S&P 500. The Roundhill Magnificent Seven ETF (MAGS) has dropped over 10% in the past two weeks, but the ETF is still up over 35% for the year. Experts warn of potential overvaluation in stocks like NVIDIA.

Portfolio Pulse from Hayden Buckfire

July 24, 2024 | 4:40 pm

SPOT

Spotify Technology SA (NYSE:SPOT) reported strong second-quarter results, exceeding gross margin guidance and receiving multiple analyst upgrades and increased price targets. Despite lower-than-expected Monthly Active Users (MAUs), the company showed strong premium subscriber growth and operating income. Analysts expect continued momentum in gross margin and operating income.

Portfolio Pulse from Priya Nigam

July 24, 2024 | 4:34 pm

AZTR

LW

NUWE

PIRS

PRG

SGMO

TSLA

U.S. stocks traded lower with the Dow down 0.76%, NASDAQ down 2.89%, and S&P 500 down 1.75%. Tesla shares plunged over 11% after Q2 results, missing earnings estimates but beating revenue expectations. Pieris Pharmaceuticals, Sangamo Therapeutics, and PROG Holdings saw significant gains, while Azitra, Nuwellis, and Lamb Weston Holdings experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 4:30 pm

CHPT

ChargePoint Holdings Inc (NYSE:CHPT) shares are trading lower by 3.5% to $2.05, likely due to Tesla's mixed second-quarter earnings and forecast of reduced vehicle volume growth for 2024. Tesla's performance can influence the EV sector, potentially reducing demand for ChargePoint's charging infrastructure.

Portfolio Pulse from Henry Khederian

July 24, 2024 | 4:28 pm

F

Ford Motor Company (NYSE:F) is in focus ahead of its earnings release today after the market closes. Analysts estimate an EPS of 68 cents and revenue of $44.024 billion for the 2024 fiscal year second quarter. The stock is trading above its 50-day moving average but below its average session volume.

Portfolio Pulse from Dylan Berman

July 24, 2024 | 4:26 pm

V

Visa Inc (NYSE:V) shares dropped nearly 4% after reporting fiscal Q3 results. Despite surpassing non-GAAP earnings expectations, Visa's revenue slightly missed estimates. Analysts have mixed views, with some lowering price targets due to softer macro trends and weaker volumes, particularly in APAC. Management remains cautious about the macro environment, impacting investor sentiment.

Portfolio Pulse from Priya Nigam

July 24, 2024 | 4:23 pm

T

VTV

VYM

VZ

Goldman Sachs analyst James Schneider reiterated a Buy rating on AT&T Inc (NYSE:T) with a price target of $22. AT&T reported fiscal 2024 Q2 revenue of $29.8 billion, slightly below estimates, but showed strong free cash flow and robust phone net additions. The stock is expected to trade higher following these results.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 4:20 pm