Streetbeat News

Revenues

IQ

iQIYI reported a decrease in Q2 adjusted EPADS to $0.03 from $0.08 year-over-year, and sales of $1.00 billion, missing the $1.04 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:24 am

BIDU

Baidu reported a decrease in its Q2 adjusted earnings per ADS to $2.89 from $3.11 year-over-year, and a slight decline in sales to $4.67 billion from $4.70 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:02 am

F

GM

KARS

TSLA

Gene Munster from Deepwater Asset Management predicts a slowdown in the EV industry, with growth rates dropping from 50% in 2023 to 5% in 2024. Ford and Tesla are pulling back on their EV investments, signaling an 'EV winter.' Despite challenges, Munster remains optimistic about long-term EV adoption.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 8:39 am

EWU

The S&P Global/CIPS U.K. Services Purchasing Managers Index (PMI) for August came in at 53.3, surpassing the estimated 52.8 and the previous month's 52.5. This indicates an expansion in the U.K. services sector.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:38 am

EWU

The S&P Global/CIPS U.K. Manufacturing Purchasing Managers Index (PMI) for August came in at 52.5, slightly above the estimated 52.1 and the previous month's 52.1. This indicates a modest improvement in the U.K. manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:37 am

EWU

The S&P Global/CIPS U.K. Composite Purchasing Managers' Index (PMI) for August came in at 53.4, surpassing both the estimated 52.9 and the previous month's 52.8. This indicates a stronger-than-expected expansion in the U.K. economy.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:37 am

BJ

INTU

M

TGT

WSM

The S&P 500 and Nasdaq surged after the Federal Reserve's minutes indicated a likely rate cut in September. Macy's shares fell 13% due to weak sales, while Target reported strong results and raised its FY24 EPS outlook. Investors await earnings from BJ's Wholesale, Williams-Sonoma, and Intuit.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 8:18 am

EH

EHang Holdings anticipates a significant increase in Q3 revenue, projecting RMB123 million, which represents a 329.8% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:07 am

VGK

The Eurozone Services Purchasing Managers Index (PMI) for August came in at 53.3, surpassing the estimated 51.7 and the previous month's 51.9. This indicates an expansion in the services sector, which could positively impact European-focused ETFs.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:06 am

VGK

The HCOB Eurozone Composite Purchasing Managers Index (PMI) for August was reported at 51.2, surpassing the estimated 50.1 and the prior 50.2. This indicates an expansion in the Eurozone's economic activity.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:06 am