Streetbeat News

Earnings

FTXR

GM

RPV

General Motors (GM) shares are trading lower after reporting strong Q2 financial results but announcing delays in its EV projects. Despite losses in China, GM's strong U.S. market performance supports overall profitability. GM Defense Canada secured a C$35.8 million contract with the Canadian Armed Forces. GM stock has gained over 18% in the past year, and investors can gain exposure via FTXR and RPV ETFs.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 5:17 pm

F

GM

Ford Motor Co (NYSE:F) is set to report its Q2 earnings on Wednesday, with Wall Street expecting 66 cents in EPS and $44 billion in revenues. Despite a recent dip, the stock is up 14.31% YTD. Technical indicators show a moderately bullish trend, with the stock price above key moving averages. Analysts have an Overweight rating with a price target of $15.55.

Portfolio Pulse from Surbhi Jain

July 23, 2024 | 5:10 pm

GM

STLA

Stellantis shares are trading lower, possibly in sympathy with General Motors, which saw a decline after reporting Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:08 pm

IWM

Investors are rotating from large-cap tech stocks to small-cap equities, driven by expectations of a Federal Reserve rate cut in September. The iShares Russell 2000 ETF (NYSE:IWM) has shown significant outperformance relative to the Nasdaq 100 index. Analysts attribute this shift to declining Treasury yields, weaker labor market data, and political factors favoring small caps.

Portfolio Pulse from Piero Cingari

July 23, 2024 | 5:03 pm

AMD

Financial giants have shown a bullish interest in Advanced Micro Devices (AMD) through significant options trading. Analysis reveals 38 unusual trades with a mix of bullish and bearish sentiments. The stock is currently trading at $155.09 with a neutral RSI, and earnings are expected in 7 days. Analysts have issued positive ratings with a consensus target price of $209.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:47 pm

NXPI

TXN

Texas Instruments (TXN) shares are down 2.9% ahead of its second-quarter earnings report, expected to show EPS of $1.17 on $3.82 billion in revenue. The decline is also influenced by NXP Semiconductors' (NXPI) mixed results and soft guidance, which may indicate broader issues in the semiconductor sector.

Portfolio Pulse from Henry Khederian

July 23, 2024 | 4:43 pm

FELE

Franklin Electric shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:43 pm

ZION

Zions Bancorporation shares are trading higher following the release of better-than-expected Q2 financial results. Additionally, several firms have raised their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:39 pm

JAGX

Jaguar Health, Inc. (NASDAQ:JAGX) shares are plummeting after the company announced that its phase 3 OnTarget trial for crofelemer did not meet its primary endpoint. The trial aimed to address diarrhea in cancer patients undergoing therapy but failed due to the heterogeneous nature of the patients. Despite this, some benefits were observed in patients with breast and respiratory cancers. The stock is experiencing heavy trading volume, with shares down 56.2% at $1.87.

Portfolio Pulse from Erica Kollmann

July 23, 2024 | 4:39 pm

PRK

Park National shares are trading higher after the company reported better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:37 pm