Streetbeat News

Earnings

ON

The article provides a comprehensive industry comparison of ON Semiconductor (NASDAQ:ON) against its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics indicate that ON Semiconductor is potentially undervalued with a low P/E, P/B, and P/S ratios, and a high ROE. However, concerns arise from its low EBITDA, gross profit, and negative revenue growth.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 3:00 pm

NVDA

The article discusses the recent pullback in Nvidia (NASDAQ: NVDA) shares and explores different narratives for the decline, including market rotation, potential tariffs, and concerns about the AI bubble. The author shares their strategy for trading Nvidia shares and options, emphasizing the use of price movement and technical indicators for entry and exit points. The author plans to buy Nvidia shares again if it appears in their top ten names and meets specific technical and valuation criteria.

Portfolio Pulse from David Pinsen

July 18, 2024 | 2:57 pm

CTAS

Cintas Corporation's executive has indicated that the company expects margin pressure on its fire protection business due to the implementation of SAP in fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:57 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) announced record-breaking sales for its 2024 Prime Day event, with more items sold than in any prior years. A record number of customers signed up for Prime, and independent sellers sold over 200 million items. Amazon's new AI-powered shopping assistant Rufus and the Amazon Inspire shopping experience contributed to the success. The company is expected to report Q2 earnings of $1.02 per share and revenue of $148.495 billion in two weeks.

Portfolio Pulse from Adam Eckert

July 18, 2024 | 2:53 pm

AXP

American Express Co (NYSE:AXP) is set to report its Q2 earnings, with Wall Street expecting $3.25 in EPS and $16.6 billion in revenues. The stock has surged 42.52% over the past year, driven by targeting Millennials and Gen Z, digital transformation, strong financial performance, record new card acquisitions, and increased travel demand. Analysts will focus on revenue, earnings growth, new card acquisitions, digital initiatives, and travel spending. Technical indicators suggest a bullish trend, although the RSI indicates the stock is overbought.

Portfolio Pulse from Surbhi Jain

July 18, 2024 | 2:52 pm

UAL

United Airlines executives are optimistic about yield improvements in the second half of Q3 and expect 66 aircraft deliveries in 2024.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:51 pm

ARM

Recent options trading activity for ARM Holdings (NASDAQ:ARM) shows a bearish sentiment among significant investors, with 50% of trades being bearish and 36% bullish. The trading volume for ARM is down by 1.31%, and the stock is currently neutral according to RSI values. The next earnings report is due in 13 days, and the average price target from analysts is $169.0.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 2:48 pm

UAL

United Airlines executives have indicated that the revenue per available seat mile (RASM) for premium cabins in Q3 is expected to outperform coach at a higher level than in Q2.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:45 pm

DIS

NFLX

Netflix is expected to report higher Q2 earnings, with analysts revising forecasts upwards. The company, along with Disney, is challenging a new Canadian regulation. Netflix shares fell 1.4% recently. Analysts have maintained positive ratings and increased price targets for Netflix.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 2:41 pm

MRK

A significant amount of options trading activity has been observed for Merck & Co (NYSE:MRK), with a mix of bullish and bearish sentiment. The trading volumes and open interest suggest a focus on a price range between $122.0 and $135.0. Analysts have mixed ratings, with price targets ranging from $134 to $155.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 2:32 pm