Streetbeat News

Earnings

AMAT

AMD

Applied Materials (AMAT) stock is up 5.3% to $207.23, driven by strong earnings from Advanced Micro Devices (AMD) and potential exemptions from new export restrictions on chip equipment to China. This suggests increased demand for AMAT's semiconductor manufacturing equipment.

Portfolio Pulse from Henry Khederian

July 31, 2024 | 3:11 pm

QRVO

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

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:08 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are trading higher after the company provided a business update and regained compliance with Nasdaq reporting requirements. The company reported a significant reduction in losses and operating expenses for Q1 2024 compared to the same period last year. The new China-U.S. Automotive Bridge Strategy and recent fundraising efforts are expected to drive future growth.

Portfolio Pulse from Erica Kollmann

July 31, 2024 | 3:07 pm

COIN

The article provides a detailed comparison of Coinbase Global Inc. (NASDAQ: COIN) with its competitors in the Capital Markets industry. It highlights Coinbase's high valuation ratios (P/E, P/B, P/S) and strong operational metrics (ROE, EBITDA, gross profit, revenue growth) relative to industry averages. The analysis suggests potential overvaluation but also underscores Coinbase's robust financial performance and growth prospects.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 3:00 pm

AN

AutoNation, Inc. (NYSE:AN) reported Q2 earnings that missed analyst expectations due to a cyber incident at CDK Global. Despite the miss, the company showed strong cash flow and capital allocation, including significant share repurchases. AN shares rose 6.78% following the report.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2024 | 3:00 pm

MRK

The article provides a comprehensive comparison of Merck & Co (NYSE:MRK) against its competitors in the Pharmaceuticals industry, focusing on key financial metrics, market position, and growth prospects. Merck shows potential undervaluation with low PE, PB, and PS ratios, and strong profitability with a high ROE. However, it faces challenges with lower EBITDA, gross profit, and revenue growth compared to industry averages.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 3:00 pm

COST

The article provides a comprehensive comparison of Costco Wholesale (NASDAQ:COST) against its key competitors in the Consumer Staples Distribution & Retail industry. It highlights Costco's high valuation ratios (P/E, P/B, P/S), strong ROE, and impressive revenue growth, while noting its lower EBITDA and gross profit compared to industry averages. Additionally, Costco's lower debt-to-equity ratio indicates a stronger financial position relative to its peers.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 3:00 pm

IWM

SPY

A recent poll indicates that nearly half of respondents want the Federal Reserve to cut rates immediately, while 30% prefer a rate cut in September. The July FOMC meeting is expected to maintain the current federal funds rate, but easing inflation has increased the likelihood of rate cuts in the near future. Small cap stocks, represented by the iShares Russell 2000 ETF (IWM), have outperformed the SPDR S&P 500 ETF Trust (SPY) recently, as investors anticipate potential rate cuts.

Portfolio Pulse from Chris Katje

July 31, 2024 | 2:57 pm

STRA

Strategic Education shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:56 pm

ROCK

Gibraltar Industries shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 net sales guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:56 pm