Streetbeat News

Earnings

IRDM

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

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 2:50 pm

CMCSA

Comcast shares are trading lower after the company reported worse-than-expected Q2 sales results. The stock initially traded higher, but it has since reversed.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 2:48 pm

PYPL

The article discusses recent options trading activity for PayPal Holdings (NASDAQ:PYPL), highlighting a balanced sentiment among investors with 50% bullish and 50% bearish trades. The trading volumes and open interest suggest a focus on a price range between $35.0 and $90.0. PayPal's stock is currently trading at $60.67, down by 0.16%, with an upcoming earnings release in 7 days.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:48 pm

KMB

Kimberly-Clark Corporation (NYSE:KMB) shares fell after the company reported mixed Q2 earnings. While adjusted EPS of $1.96 beat expectations, revenues of $5.029 billion missed estimates. Sales declined 2% year-over-year due to currency impacts and divestitures. Despite this, the company improved its gross margin and raised its EPS growth outlook for FY24.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 2:46 pm

IRDM

Iridium Communications Inc (NASDAQ:IRDM) shares surged after reporting strong Q2 earnings of 27 cents per share, beating expectations. Despite missing sales estimates, the company saw a 13% year-over-year growth in billable subscribers, driven by commercial IoT. Iridium plans to continue aggressive shareholder-friendly activities in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 2:35 pm

CCSO

GRID

JCI

Johnson Controls International (NYSE:JCI) has agreed to sell its Residential and Light Commercial HVAC business to Bosch Group for $8.1 billion. The deal is expected to enhance profit margins and provide net cash proceeds of around $5.0 billion after taxes and costs. The company plans to use the proceeds to reduce debt and return funds to shareholders. The transaction is expected to close in about 12 months, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 2:32 pm

CMCSA

NFLX

Comcast Corp (NASDAQ:CMCSA) reported a 2.7% decline in Q2 revenue to $29.69 billion, missing analyst estimates. Adjusted EPS beat expectations at $1.21. Revenue from Studios and Theme Parks fell significantly. Broadband and video subscribers also declined, while Peacock subscribers grew but missed estimates. Comcast shares fell 5.83% following the report.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 2:28 pm

PM

Philip Morris International Inc. (NYSE:PM) reported better-than-expected Q2 FY24 earnings, raised its adjusted EPS outlook for 2024, and saw a 2.87% increase in share price. The company reported a 5.6% year-on-year revenue growth to $9.468 billion, with smoke-free products accounting for 38.1% of total net revenues. Adjusted EPS of $1.59 beat the consensus estimate of $1.57. The company also raised its FY24 adjusted EPS outlook to $6.33 – $6.45.

Portfolio Pulse from Shivani Kumaresan

July 23, 2024 | 2:26 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for July 23rd, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo highlights potential bullish and bearish targets for each asset based on proprietary formulas. Additionally, it notes the importance of upcoming economic reports and earnings results from Alphabet and Tesla, which could influence market sentiment and volatility.

Portfolio Pulse from RIPS

July 23, 2024 | 2:21 pm

AAL

Financial giants have made a bearish move on American Airlines Group (NASDAQ:AAL) with 80% of recent options trades being puts. The stock is currently trading at $10.55, down by 1.31%, and analysts have mixed ratings with price targets ranging from $10 to $13. The next earnings report is due in 2 days.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:20 pm