Streetbeat News

Earnings

CGC

CRON

CWBHF

MAPS

TLLTF

Several cannabis companies, including Canopy Growth Corporation, WM Technology, Inc., Charlotte's Web Holdings, Inc., Cronos Group Inc., and TILT Holdings Inc., are set to report their earnings for the second quarter of 2024. Canopy Growth is expanding in Europe and has established an at-the-market equity program. WM Technology expects stable sales but lower EBITDA due to increased marketing spend. Charlotte's Web faced a significant revenue decline in the first quarter. Cronos Group saw a 30% increase in net revenue, driven by sales in Canada and Israel. TILT Holdings experienced disruptions in the vape hardware segment but sees growth opportunities in hemp-derived vapes.

Portfolio Pulse from Jelena Martinovic

July 26, 2024 | 2:16 pm

KNSL

Kinsale Capital Group shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:13 pm

VALE

Vale's CEO expressed confidence in the company's H1 results, reinforcing their commitment to meet the top end of their 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:12 pm

BFI

COUR

NBY

NMHI

TANH

WINT

U.S. stocks surged with the Dow Jones gaining over 550 points, driven by a drop in the headline PCE price index to 2.5%. Windtree Therapeutics, BurgerFi International, and Coursera saw significant stock price increases, while NovaBay Pharmaceuticals, Tantech Holdings, and Nature’s Miracle Holding experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 2:10 pm

TSM

Whales are showing a bullish stance on Taiwan Semiconductor (NYSE: TSM) with significant options trading activity. 52% of the trades are bullish, with a total of $2,102,165 in calls and $87,556 in puts. Analysts have a consensus target price of $223.33, with recent ratings from Susquehanna and Needham being positive.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 2:02 pm

GLBZ

Glen Burnie Bancorp reported a Q2 EPS of $(0.07), a significant decrease from $0.10 year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:02 pm

DOW

Dow (NYSE:DOW) has been analyzed by 5 analysts over the last quarter, showing a range of sentiments from somewhat bullish to indifferent. The average 12-month price target is now $59.8, down from $62.80. Recent analyst actions include both rating downgrades and price target reductions, reflecting a cautious outlook on Dow's performance. Despite a 9.16% decline in revenue over the past three months, Dow maintains strong profitability and effective cost management.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 2:00 pm

MMM

SPY

The June PCE inflation rate came in at 2.5% year-over-year, aligning with expectations. 3M (MMM) saw a rise in its stock price following a positive earnings report and an upward revision of its EPS outlook. The SEC has filed a lawsuit against Andrew Left and Citron Research over short sales.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:58 pm

NWL

Newell Brands Inc. (NASDAQ:NWL) shares surged due to strong Q2 earnings and an upgraded FY24 outlook, despite a revenue dip. The company reported adjusted EPS of 36 cents, beating the consensus of 21 cents. However, net sales of $2.03 billion missed the street view of $2.046 billion. The company raised its FY24 outlook, projecting adjusted EPS of $0.60-$0.65, up from $0.52-$0.62.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 1:58 pm

GLBZ

Glen Burnie Bancorp reported Q2 2024 earnings per share (EPS) of $0.07.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:55 pm