Streetbeat News

Earnings

MYRG

MYR Group shares are trading lower after the company reported worse-than-expected Q2 financial results. Baird maintained an Outperform rating on the stock but lowered its price target from $170 to $143.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:43 pm

BUD

Anheuser-Busch InBev (NYSE:BUD) reported strong Q2 2024 results with a 2.7% organic revenue growth to $15.333 billion, beating estimates. Despite a slight decline in total volumes, revenue per hl grew by 3.6%. The company's megabrand Corona saw a 5.6% growth outside its domestic market. Gross profit and EBITDA also saw significant increases. The company expects its 2024 EBITDA to grow in line with its medium-term outlook of 4%-8%. BUD shares are trading higher by 2.37%.

Portfolio Pulse from Akanksha Bakshi

August 01, 2024 | 2:42 pm

CVNA

Carvana Co (NYSE:CVNA) shares surged after reporting better-than-expected Q2 financial results, including higher revenue and a positive EPS. The company also provided strong guidance for Q3 and full-year 2024. Needham analyst Chris Pierce raised the price target for Carvana from $160 to $200.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 2:38 pm

TAL

TAL Education shares are trading lower following the company's Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:36 pm

SWI

SolarWinds Corp (NYSE:SWI) reported better-than-expected Q2 2024 results with revenue and EPS beating analyst estimates. Despite this, the stock price fell. The company provided an optimistic outlook for Q3 and fiscal 2024, raising its revenue and EPS guidance.

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 2:31 pm

CWAN

Clearwater Analytics Holdings shares are trading higher after the company reported better-than-expected Q2 sales results and issued Q3 and FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:29 pm

CWAN

Clearwater Analytics Holdings (NYSE:CWAN) reported Q2 adjusted EPS of $0.10, meeting analyst expectations, and sales of $106.79 million, beating estimates by 1.20%. This represents a 25% increase in EPS and an 18.82% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:26 pm

F

GM

STLA

WKSP

General Motors (GM) reported strong Q2 financials, surpassing estimates and raising 2024 guidance. However, challenges in EV adoption and macroeconomic factors persist. Ford and Stellantis face similar issues. Worksport announced a solar-powered tonneau cover for GM, Ford, and Stellantis pickups.

Portfolio Pulse from Upwallstreet

August 01, 2024 | 2:18 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for August 1st, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key support and resistance levels for each asset, suggesting potential price targets for both bullish and bearish scenarios. The memo also highlights the importance of today's economic data releases and earnings reports from Apple and Amazon, which are expected to contribute to market volatility.

Portfolio Pulse from RIPS

August 01, 2024 | 2:16 pm

BBLG

IMRX

META

RDHL

VWE

The Nasdaq Composite surged 1% on Thursday, driven by strong earnings from Meta Platforms, Inc. (META). Meta reported better-than-expected Q2 financial results and issued strong Q3 guidance. Other notable stock movements include significant gains for RedHill Biopharma Ltd. (RDHL), Bone Biologics Corporation (BBLG), and Immuneering Corporation (IMRX), while Vintage Wine Estates, Inc. (VWE) saw a sharp decline due to a bankruptcy filing.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 2:15 pm