Streetbeat News

Earnings

RCI

Rogers Communication (NYSE:RCI) reported mixed Q2 results with revenues missing expectations but showing growth in adjusted EBITDA and subscriber additions. The company reaffirmed its 2024 outlook and declared a dividend.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2024 | 4:13 pm

C

CRWD

DAL

Delta Air Lines (NYSE:DAL) faces a $500M financial hit due to an IT outage causing thousands of cancellations. Citigroup (NYSE:C) reduced Delta's Q3 earnings estimates, and Melius Research estimated a $350M impact on operating profit. The outage, caused by CrowdStrike (NASDAQ:CRWD), also damaged Delta's reputation.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 4:02 pm

JNJ

Whales have shown a bullish stance on Johnson & Johnson (JNJ) with 77% of recent options trades being bullish. The price range targeted by these trades is between $130.0 and $160.0. JNJ's stock is currently up 1.88% at $155.21, with RSI indicators suggesting it may be overbought. Analysts have mixed ratings with a consensus target price of $182.0.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 4:01 pm

ODFL

Old Dominion Freight Line, Inc. (NASDAQ: ODFL) reported a 6.1% YoY revenue increase to $1.498 billion and an EPS of $1.48, both in line with or above consensus estimates. The company saw growth in LTL revenue and shipments, despite a decrease in weight per shipment. Operating income rose by 7.7% YoY, and the company returned significant capital to shareholders. Shares climbed 2.73% following the announcement.

Portfolio Pulse from Akanksha Bakshi

July 24, 2024 | 3:59 pm

WMG

Warner Music Group shares are trading lower following the release of Universal Music Group's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:54 pm

UMGNF

WMG

Universal Music Group (UMGNF) reported Q2 revenue of €2.93 billion, surpassing the estimated €2.88 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:53 pm

CDNS

DDOG

ESTC

MDB

MSFT

NET

NOW

PLTR

SHOP

SNOW

SNPS

TEAM

Shares of companies in the software sector are trading lower amid overall tech weakness following quarterly earnings from Alphabet.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:47 pm

GOLD

Deep-pocketed investors are showing significant interest in Barrick Gold (NYSE:GOLD) options, with a notable increase in both call and put activities. The sentiment is mixed, with a slight bullish tilt. Analysts have set price targets between $23 and $27, and the stock is currently trading at $18.89.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:45 pm

GE

Financial giants have shown a bullish trend in options trading for GE Aero (NYSE:GE), with 57% of traders being bullish. Significant options trades include 18 calls valued at $2,130,337 and 8 puts valued at $382,228. Analysts maintain a Buy rating with a consensus target price of $199.5.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:45 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The article discusses the current state of speculative sentiment in the stock market, focusing on Tesla's recent performance and its impact on the market. Tesla's stock fell after earnings, and its electric vehicle sales dropped by 7%. The article also mentions the negative money flows in major tech stocks and ETFs, as well as the economic contraction in Germany.

Portfolio Pulse from The Arora Report

July 24, 2024 | 3:40 pm