Streetbeat News

Earnings

Top Wall Street analysts have updated their expectations for Verizon Communications Inc. (NYSE: VZ) ahead of its Q2 earnings release on July 22. Analysts predict a decrease in earnings per share from $1.21 to $1.15 year-over-year, while revenue is expected to increase slightly. Verizon is also considering selling thousands of mobile phone towers. Recent analyst ratings show mixed sentiments with price targets ranging from $40 to $52.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 5:57 am

GOOGL

QQQ

SPY

TSLA

Tesla, Alphabet, GM, and Ford are among the key companies reporting earnings this week, which could influence the market's direction. Tesla is expected to report a significant decline in EPS due to price cuts, while Alphabet's earnings will be closely watched as it is the first AI-levered mega-cap to report. The market has seen a pullback, with major indices like QQQ and SPY retreating from record highs.

Portfolio Pulse from Shanthi Rexaline

July 21, 2024 | 9:18 pm

AMN

BKU

CLVT

EXPI

MARA

NATL

NFE

RIOT

VFC

VIRT

ZETA

Eleven mid-cap stocks performed exceptionally well last week (July 14-July 20). Key performers include Virtu Financial, V.F. Corporation, New Fortress Energy, Riot Platforms, Clarivate, AMN Healthcare Services, BankUnited, Marathon Digital Holdings, eXp World Holdings, Zeta Global Holdings, and NCR Atleos Corporation.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 4:07 pm

COIN

DHI

EPAM

LEN

MSTR

OQL

STT

TOST

UNH

WBD

Ten large-cap stocks, including Warner Bros. Discovery, Coinbase, and others, were the best performers last week. Key drivers included strategic business plans, earnings beats, and analyst upgrades.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 1:57 pm

AFCG

SONS

AFC Gamma, Inc. (NASDAQ:AFCG) is spinning off its commercial real estate business into Sunrise Realty Trust (NASDAQ:SONS). AFC Gamma will focus on cannabis lending, while Sunrise Realty Trust will explore growth in the commercial real estate market. The spin-off aims to enhance shareholder value and streamline operations.

Portfolio Pulse from Nicolás Jose Rodriguez

July 20, 2024 | 4:47 pm

BYDDY

HYZN

KARS

TSLA

The EV sector experienced a significant downturn this week, influenced by broader market trends and specific company developments. Tesla raised prices for its Model S and Model X, while Ford shifted its EV production plans. Hyzon Motors saw a sharp decline due to a stock offering, and BYD expanded its dealership network in Vietnam. Additionally, Donald Trump announced plans to end the EV mandate if elected, which could impact the industry.

Portfolio Pulse from Shanthi Rexaline

July 20, 2024 | 3:22 pm

DPZ

UBER

Domino's Pizza, Inc. (NYSE:DPZ) has surprised analysts by cutting its guidance for new store openings despite strong performance. The company reported a net income increase to $142 million in Q2. Analysts maintain a 'Buy' rating due to expected growth from a new rewards program and third-party delivery with Uber Technologies Inc. (NYSE:UBER).

Portfolio Pulse from Michael Juliano

July 20, 2024 | 1:16 pm

CRWD

META

NVDA

TSLA

Benzinga reviewed the prospects of popular stocks and cryptocurrencies, highlighting bullish and bearish sentiments. Nvidia saw strong demand for its AI chips, while Tesla faced potential challenges from a Trump-Vance administration. CrowdStrike caused a major IT outage, and Meta faced competition from TikTok. Ethereum and Dogecoin were predicted to reach new all-time highs.

Portfolio Pulse from Michael Cohen

July 20, 2024 | 1:10 pm

Whales have taken a bearish stance on AT&T, with 70% of recent options trades being bearish. The price target for AT&T is between $18.0 and $25.0. Analysts have mixed ratings, with target prices ranging from $18 to $26. The next earnings report is due in 5 days.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 8:47 pm

ASML

CRWD

MSFT

This week saw significant market movements driven by various global events. The S&P 500 and Nasdaq 100 indices experienced their worst weekly performance in three months, primarily due to a selloff in chipmakers. A failed assassination attempt on Donald Trump and rising election odds for Trump also influenced the market. The semiconductor sector was hit hard by potential U.S. export restrictions targeting ASML Holding N.V. and Tokyo Electron. Additionally, a global tech outage caused by a CrowdStrike software update affected Microsoft systems, leading to widespread disruptions. Fed Chair Jerome Powell's comments on inflation and rising unemployment claims have increased expectations for a September rate cut, which has already impacted mortgage rates and refinancing demand.

Portfolio Pulse from Piero Cingari

July 19, 2024 | 8:36 pm