Streetbeat News

Earnings

CSTM

Constellium shares are trading lower after the company reported Q2 financial results and announced a pause in its FY24 adjusted EBITDA guidance due to flooding at its facilities.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:36 pm

ADI

AOSL

GFS

NXPI

STM

TXN

Shares of semiconductor stocks are trading lower in possible sympathy with NXP Semiconductors, which reported mixed Q2 earnings and soft Q3 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:31 pm

LandBridge Co LLC (NYSE:LB) shares have been volatile since their IPO last month. Analysts from Goldman Sachs and Piper Sandler have initiated coverage with differing ratings. Goldman Sachs has a Buy rating with a $35 price target, citing high free cash flow and growth potential in the Permian Basin and data centers. Piper Sandler has a Neutral rating with a $30 price target, noting the company's capital-light model and potential in data centers due to federal regulations on flaring excess gas.

Portfolio Pulse from Priya Nigam

July 23, 2024 | 4:30 pm

DKNG

DraftKings, Inc. (NASDAQ:DKNG) stock is trading higher as the company plans to launch its mobile sports betting app in Washington D.C. and is set to release quarterly earnings on August 1st. Analysts have recently adjusted their price targets for the stock.

Portfolio Pulse from Dylan Berman

July 23, 2024 | 4:30 pm

COPP

CRIT

FCX

Freeport-McMoRan (NYSE:FCX) reported strong Q2 FY24 earnings, beating revenue and EPS estimates despite shipping delays in Indonesia. Copper and gold sales were down year-over-year, but the company remains optimistic about future production and pricing. Investors can also gain exposure through Sprott Copper Miners ETF (NASDAQ:COPP) and Exchange Traded Concepts Trust Optica Rare Earths & Critical Materials ETF (NYSE:CRIT).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 4:24 pm

GOOG

Alphabet Inc (NASDAQ:GOOG) is set to report its second-quarter financial results after the market close on Tuesday. Analysts expect earnings of $1.85 per share and revenue of $84.21 billion. The company has consistently beaten analyst estimates for the past five quarters. Recent analyst ratings have been positive, with several raising their price targets.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 4:20 pm

MSCI

MSCI Inc (NYSE:MSCI) reported strong Q2 earnings with a 14% revenue growth, beating analyst estimates. The adjusted EPS also surpassed expectations. The stock price rose by 7.46% following the announcement. The company showed robust growth across various segments, although the operating margin slightly declined. MSCI declared a dividend of $1.60 per share for Q3 and provided a positive FY24 outlook.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 4:19 pm

ETH

SPOT

UPS

The market summary highlights the launch of Ether ETFs, a strong earnings report from Spotify leading to a jump in its stock price, and a weak earnings report from UPS causing a drop in its stock price.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:14 pm

ADIL

AZTR

CLRB

FEIM

JAGX

RNAZ

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. GE Aerospace reported better-than-expected Q2 earnings and raised its FY24 outlook. Azitra, Adial Pharmaceuticals, and Frequency Electronics saw significant stock price increases, while Jaguar Health, TransCode Therapeutics, and Cellectar Biosciences experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 4:03 pm

LVMHF

LVMH reported Q2 organic sales growth of 1%, falling short of the estimated 1.95%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm