Streetbeat News

Revenues

GH

Guardant Health (NASDAQ:GH) has received a range of analyst ratings over the past three months, with a majority being bullish. Analysts have raised their 12-month price targets, reflecting an average target of $39.67, up from $35.43. The company has shown strong revenue growth but faces challenges with profitability and debt management.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 6:00 pm

CTRA

In the last three months, 7 analysts have shared their evaluations of Coterra Energy (NYSE:CTRA), with a mix of bullish and somewhat bullish outlooks. Analysts have set a 12-month average price target of $35.43, reflecting a 5.23% increase from the previous average. Key analysts have adjusted their ratings and price targets, with some lowering and others raising their estimates. Coterra Energy has shown solid revenue growth and strong net margins but faces challenges with ROE and ROA.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 6:00 pm

KMPR

Kemper (NYSE:KMPR) has received mixed analyst ratings over the past quarter, with 1 bullish and 3 somewhat bullish ratings. Analysts have raised their price targets, with an average target of $80.0, reflecting a 5.96% increase from the previous average. Despite positive analyst sentiment, Kemper faces challenges in revenue growth, net margin, ROE, and ROA, and has a higher debt-to-equity ratio than industry averages.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 6:00 pm

VTRS

Viatris Inc. (NASDAQ: VTRS) reported Q2 revenues of $3.797 billion, slightly above expectations, driven by strong demand for branded and generic drugs. The company raised its 2024 outlook for new product revenues and expects sales between $14.6 billion and $15.1 billion. Adjusted EPS for 2024 is projected to be slightly lower than previous guidance. VTRS stock rose 5.33% following the announcement.

Portfolio Pulse from Vandana Singh

August 08, 2024 | 5:54 pm

DGRS

IWM

QSML

VTWO

The Russell 2000 has surged over 10% in July, driven by a rotation trade and anticipation of a Federal Reserve pivot. The iShares Russell 2000 ETF (IWM) and Vanguard Russell 2000 ETF (VTWO) gained over 11%. WisdomTree's Brian Manby highlights the potential for small-cap stocks, particularly the WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and the WisdomTree U.S. SmallCap Quality Growth Fund (QSML), to benefit from potential interest rate cuts and a soft landing by the Fed.

Portfolio Pulse from Surbhi Jain

August 08, 2024 | 5:52 pm

EC

OXY

Occidental Petroleum's CEO announced that their joint venture with Ecopetrol is delivering 40,000 barrels of oil equivalent per day. This was disclosed during a conference call.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:49 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) shares are trading higher due to a rebound in Bitcoin prices and positive updates on their Bitcoin production and mining operations for July 2024. The company mined 692 Bitcoin, a 17% increase from June, and reported a total holding of 20,818 Bitcoin. The average operating hash rate increased by 5%, and the company energized 5,000 new miners while optimizing its fleet.

Portfolio Pulse from Dylan Berman

August 08, 2024 | 5:46 pm

OXY

Occidental Petroleum (OXY) anticipates steady activity in the DJ Basin in the second half of 2024, as discussed in their recent conference call.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:40 pm

FUN

Six Flags Entertainment Corporation (NYSE:FUN) reported mixed Q2 results for legacy Cedar Fair and legacy Six Flags. Legacy Cedar Fair achieved record net revenues and attendance, while legacy Six Flags saw a slight decline in revenue and attendance. The merger of the two companies occurred on July 1, 2024. FUN shares are trading higher by 2.46% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2024 | 5:38 pm

OXY

Occidental Petroleum (OXY) announced that its target of 170,000 barrels per day from CrownRock has been delayed due to operational issues. This was disclosed during a conference call webcast.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:36 pm