Streetbeat News

Earnings

TSLA

Tesla Inc. (NASDAQ: TSLA) is set to report its Q2 earnings, with analysts expecting revenue of $24.93 billion and earnings per share of 62 cents. The company has missed revenue and earnings estimates for three consecutive quarters. Analysts are mixed on Tesla, with some focusing on its energy segment and others on vehicle deliveries. Key items to watch include updates on the Cybertruck, energy storage, and AI initiatives. Tesla shares are up 5% to $251.73 ahead of the earnings report.

Portfolio Pulse from Chris Katje

July 22, 2024 | 7:25 pm

DPZ

Domino's Pizza shares are trading higher amid a possible rebound after the stock fell last week following mixed Q2 results.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 7:23 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher despite a drop in Bitcoin's price. Analysts expect Coinbase to report strong earnings, and the stock has a positive outlook with a 12-month price target of $256.81. Coinbase is set to report its second-quarter results on Aug. 1.

Portfolio Pulse from Erica Kollmann

July 22, 2024 | 6:54 pm

CRWD

MIRA

RYAAY

SERV

SVV

TELL

U.S. stocks traded higher with the NASDAQ Composite gaining around 300 points. The S&P 500 rose by 1.09%, and the Dow increased by 0.19%. Information technology shares jumped by 1.7%, while energy shares fell by 0.2%. Verizon shares fell 6% after missing sales estimates. MIRA Pharmaceuticals shares surged 368% on positive preclinical study results. Tellurian shares rose 66% on acquisition news. Serve Robotics shares increased 33% after Nvidia disclosed a stake. CrowdStrike shares dropped 14% due to downgrades and a major outage. Ryanair shares fell 16% on lower profits. Savers Value Village shares declined 15% following a downgrade.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 6:33 pm

BYND

Beyond Meat, Inc. (NASDAQ:BYND) shares are trading lower due to concerns over the company's deteriorating liquidity position and potential balance sheet restructuring. The stock has dropped from $6.20 last Thursday to $5.80 on Monday, trading at the lower end of its 52-week range. The company is expected to release quarterly earnings on August 5, with analysts predicting a loss of 51 cents per share and revenue of $87.80 million.

Portfolio Pulse from Dylan Berman

July 22, 2024 | 6:32 pm

SPR

Spirit AeroSystems will release its Q2 2024 financial results on August 5 but has suspended its earnings conference calls due to a merger agreement with Boeing.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:17 pm

AAL

CRWD

DAL

LUV

MSFT

UAL

Southwest Airlines (NYSE:LUV) avoided the recent Microsoft (NASDAQ:MSFT) and CrowdStrike (NASDAQ:CRWD) outages that grounded competitors like Delta (NYSE:DAL), United (NASDAQ:UAL), and American Airlines (NASDAQ:AAL) due to its outdated software systems. This resilience could positively impact Southwest's upcoming earnings report.

Portfolio Pulse from Chris Katje

July 22, 2024 | 6:08 pm

NEM

Whales have shown a bullish stance on Newmont (NYSE:NEM) with significant options trades detected. The trades indicate a targeted price range of $35.0 to $60.0 over the last 3 months. Analysts have given positive ratings with price targets ranging from $50 to $61.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 6:01 pm

ADBE

Whales have taken a bearish stance on Adobe (NASDAQ:ADBE) with significant options trading activity. Out of 33 trades, 17 were puts and 16 were calls, with a total trade value of $1,217,160 and $1,050,651 respectively. The price range targeted by these trades is between $170.0 and $650.0. Adobe's stock is currently trading at $555.79, up by 0.87%, with an RSI suggesting it may be approaching overbought territory. The anticipated earnings release is in 52 days, and the average target price from analysts is $635.0.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 6:01 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are trading higher on Monday ahead of its quarterly financial earnings release on Tuesday. Analysts estimate an EPS of 62 cents and revenue of $24.72 billion for the 2024 fiscal year second quarter. The stock is trading above its 50-day moving average at $248.22, with a current price of $251.19.

Portfolio Pulse from Dylan Berman

July 22, 2024 | 5:58 pm