Streetbeat News

Earnings

AZTR

GOOG

NUZE

VWE

U.S. stocks traded lower with the Dow Jones dipping around 400 points. Alphabet Inc. (GOOG) posted better-than-expected earnings and sales results for its second quarter. NuZee, Inc. (NUZE) shares shot up 230%, while Azitra, Inc. (AZTR) shares dropped 75% after a public offering announcement. Vintage Wine Estates, Inc. (VWE) announced bankruptcy filing and voluntary delisting.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 2:17 pm

ABBV

AbbVie Inc (NYSE:ABBV) is set to report its Q2 earnings with Wall Street expecting $2.96 EPS and $14 billion in revenues. Investors are keen on the impact of Humira's patent expiry and the performance of its replacements under new CEO Robert A. Michael. The stock shows a bullish trend, trading above key moving averages, with a consensus analyst rating of 'Overweight' and a price target of $173, potentially rising to $203.33.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 2:16 pm

AAPL

AMZN

SPOT

Spotify Technologies S.A. (NYSE:SPOT) reported strong Q2 results with significant revenue growth, improved margins, and increased premium subscribers. However, it still lags behind Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) in offering high-resolution audio. Spotify's turnaround strategy, including cost savings and new offerings, is showing positive results.

Portfolio Pulse from Upwallstreet

July 24, 2024 | 2:11 pm

MAT

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

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:09 pm

APH

Amphenol shares are trading lower after the company reported Q2 financial results. The stock initially traded higher, but it has since reversed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:07 pm

ROP

Roper Technologies shares are trading lower after the company reported worse-than-expected Q2 sales results and issued Q3 adjusted EPS guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:06 pm

GPI

Group 1 Automotive shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:04 pm

TNL

Travel Leisure shares are trading lower after the company reported worse-than-expected Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:04 pm

MCO

In the last three months, 7 analysts have provided ratings on Moody's (NYSE:MCO), ranging from bullish to indifferent. The average 12-month price target has increased by 6.78% to $436.29. Recent analyst actions include both raises and lowers in ratings and price targets, reflecting dynamic market conditions and company performance. Moody's has shown strong financial health with notable revenue growth, net margin, ROE, and ROA, but faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:01 pm

BYDDY

F

GM

TSLA

BYD Company (OTC:BYDDY) is poised to surpass Tesla Inc. (NASDAQ:TSLA) in annual electric vehicle sales in 2024 due to growing demand in China, while demand in the U.S. and Europe wanes. Tesla reported its fourth consecutive quarter of disappointing profits and warned of a lower growth rate in 2024. Legacy automakers like General Motors Co. (NYSE:GM) and Ford Motor Co. (NYSE:F) may benefit from sustained profits in internal combustion engines and hybrids.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 2:00 pm