Streetbeat News

Earnings

AAPL

MSFT

NVDA

QQQ

SPY

TSLA

Market Clubhouse's Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, TSLA, and NVDA. The analysis is based on a proprietary formula considering price, volume, and options flow. SPY and QQQ are expected to maintain their positions, while AAPL's shares saw a surge following a Bloomberg report about its accelerated development of generative AI tools. MSFT's shares dipped due to the same report. TSLA shares dropped sharply due to a lackluster future guidance detailed in their earnings call. NVDA retreated alongside other AI stocks following Bloomberg's report about Apple.

Portfolio Pulse from RIPS

July 20, 2023 | 2:09 pm

TFC

Truist Financial Corporation's Q2 revenues rose 5.1% YoY to $5.97 billion, missing the consensus of $5.99 billion. EPS was $0.92, missing the consensus of $1.01. The company faced revenue headwinds from higher funding costs and lower-than-anticipated capital markets activity. The provision for credit losses more than doubled YoY to $538 million. TFC shares are trading lower by 4.6%.

Portfolio Pulse from Nabaparna Bhattacharya

July 20, 2023 | 2:07 pm

HCCI

JNJ

OLO

ZION

Several US stocks recorded gains in Thursday's trading session. Heritage-Crystal Clean (HCCI) surged 9.6% after announcing its acquisition by J.F. Lehman & Company for $1.2 billion. Zions Bancorporation (ZION) gained 9.4% following its Q2 earnings report. Olo Inc. (OLO) jumped 9.4% after Piper Sandler upgraded the stock from Neutral to Overweight. Johnson & Johnson (JNJ) gained 4.8% after posting positive Q2 results and raising its annual outlook.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 2:03 pm

WRLD

World Acceptance (NASDAQ:WRLD) is set to release its latest quarterly earnings report on July 21, 2023. Analysts estimate an earnings per share (EPS) of $0.63. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. The company's shares were trading at $140.6 as of July 19, and have seen a 16.7% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 2:02 pm

IPG

Interpublic Gr of Cos (NYSE:IPG) is set to release its latest quarterly earnings report on July 21, 2023. Analysts estimate an earnings per share (EPS) of $0.60. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. The stock is currently trading at $37.66, up 27.41% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 2:02 pm

RF

Regions Finl (NYSE:RF) is set to release its quarterly earnings report on July 21, 2023. Analysts estimate an EPS of $0.59. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varied stock price changes. The stock is currently trading at $20.02, down 3.34% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 2:02 pm

SXT

Sensient Technologies (NYSE:SXT) is set to release its quarterly earnings report on July 21, 2023. Analysts estimate an EPS of $0.88. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $69.77, down 17.19% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 2:02 pm

SLB

SLB (NYSE:SLB) is set to release its quarterly earnings report on 2023-07-21, with analysts estimating an EPS of $0.71. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $57.36, up 63.21% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 2:02 pm

ALV

Autoliv (NYSE:ALV) is set to release its quarterly earnings report on 2023-07-21, with analysts estimating an EPS of $1.44. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying stock price changes. Autoliv's shares were trading at $93.27 as of July 19, with a 13.34% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 2:02 pm

AXP

American Express (NYSE:AXP) is set to release its quarterly earnings report on Friday, 2023-07-21. Analysts estimate an earnings per share (EPS) of $2.81. The company's past performance shows a mixed trend of beating and missing EPS estimates. The stock price has seen a 14.19% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 2:02 pm