Streetbeat News

Earnings

CRUS

Cirrus Logic (NASDAQ:CRUS) has received mixed analyst ratings over the past quarter, with a notable increase in average price targets. Analysts from Barclays, Stifel, Susquehanna, and Keybanc have all raised their ratings and price targets, reflecting a positive shift in sentiment. Despite challenges in revenue growth, Cirrus Logic shows strong profitability and effective asset utilization.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 5:04 pm

ODP

The ODP Corporation (NASDAQ:ODP) reported a 10% drop in sales for Q2, missing analyst expectations. The company also slashed its FY24 guidance, leading to a significant drop in its stock price.

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2024 | 5:03 pm

IFF

Analysts have provided mixed ratings for Intl Flavors & Fragrances (NYSE:IFF) over the past quarter, with a range of opinions from bullish to bearish. The average 12-month price target has increased by 9.34% to $107.0. Despite a recent decline in revenue growth, the company maintains strong profitability and effective cost management.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 5:01 pm

REFI

Chicago Atlantic Real Estate Finance Inc. (NASDAQ: REFI) reported strong Q2 2024 financial results with net income of $9.2 million and a steady net interest income of $13.2 million. The company highlighted regulatory tailwinds in the cannabis industry and proactive capital management, raising over $6 million through its ATM program. REFI's shares were trading 0.58% higher at $15.36 per share.

Portfolio Pulse from Patricio Liddle

August 07, 2024 | 4:58 pm

NRGV

Energy Vault Holdings shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:55 pm

TYGO

Tigo Energy shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, HC Wainwright & Co lowered its price target on the stock from $5 to $3.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:52 pm

TG

Tredegar shares are trading higher after the company reported a year-over-year increase in Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:52 pm

ABNB

AMGN

AXON

CVS

DIA

DIS

EMR

ENPH

FTNT

HLT

ILMN

IWM

NVO

QQQ

RDDT

RIVN

SHOP

SMCI

SPY

TLT

WYNN

XLE

XLV

The U.S. stock market is poised for its second consecutive day of gains, driven by positive earnings reports and reassurances from the Bank of Japan. The U.S. dollar surged against the yen, and crude oil prices spiked due to a larger-than-expected drawdown in U.S. crude inventories. Major indices and ETFs saw gains, with energy stocks leading the way.

Portfolio Pulse from Piero Cingari

August 07, 2024 | 4:46 pm

ALGS

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

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:44 pm

CLNN

Clene shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:44 pm