Streetbeat News

Earnings

AAL

EW

F

PBM

POAI

TWOU

VKTX

U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. American Airlines cut its 2024 EPS outlook after reporting mixed Q2 results. Predictive Oncology, Psyence Biomedical, and Viking Therapeutics saw significant stock gains, while 2U, Edwards Lifesciences, and Ford experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 5:11 pm

AAUKF

Anglo American plc (OTC:AAUKF) announced a $1.6 billion writedown on its Woodsmith fertilizer project, leading to a $672 million loss for the first half of the year. The company is undergoing a comprehensive restructuring plan, focusing on divesting non-core units and concentrating on copper, iron ore, and crop nutrients. Despite setbacks, CEO Duncan Wanblad remains optimistic about the company's core divisions.

Portfolio Pulse from Stjepan Kalinic

July 25, 2024 | 5:09 pm

CBRE

JLL

JLL shares are trading higher in sympathy after CBRE Group increased its core FY EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:08 pm

CBRE

URI

United Rentals shares are trading higher following CBRE Group's increase in its core FY EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:08 pm

DIA

IWM

QQQ

SPY

US Indexes are higher following better-than-expected GDP growth. Investors also assess recent earnings reports across sectors.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:04 pm

MGNI

Over the past three months, 12 analysts have evaluated Magnite (NASDAQ:MGNI), showing a range of outlooks from bullish to bearish. The average 12-month price target has increased by 7.2% to $16.67. Analysts have provided various ratings and price targets, with recent actions including maintaining or raising their ratings. Magnite, a major supply-side platform in online advertising, has shown positive revenue growth but faces challenges in profitability and financial performance.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 5:01 pm

DIA

IWM

QQQ

SPY

TLT

XLC

XLI

XLU

Wall Street rebounded strongly on Thursday, driven by better-than-expected economic growth and cooling inflation. Major indices and sectors posted gains, with small caps and long-term Treasury bonds performing particularly well. Gold and Bitcoin fell, while oil prices rose.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 5:00 pm

ASTS

BALY

IBM

NDAQ

NOW

RTX

VKTX

U.S. stocks saw significant gains on Thursday, with the Dow Jones index rising over 1%. IBM led the charge with a 6.4% increase following strong quarterly earnings. Other notable gainers included Viking Therapeutics, AST SpaceMobile, Bally’s Corporation, and ServiceNow, among others.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 4:59 pm

GTX

HAIL

Garrett Motion Inc (NASDAQ:GTX) reported disappointing Q2 FY24 results, with sales and earnings missing consensus estimates due to demand weakness in gasoline, diesel, and commercial vehicles. The company lowered its FY24 outlook for net sales and adjusted EBITDA. GTX shares fell 12.8% following the report.

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 4:58 pm

HNI

HNI shares are trading higher after the company reported better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 4:49 pm