Streetbeat News

Revenues

QCOM

Qualcomm has released its Q4 financial guidance, projecting adjusted EPS between $2.45 and $2.65, which aligns with the market estimate of $2.45. The company also forecasts revenues between $9.5 billion and $10.3 billion, compared to the market estimate of $9.71 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:00 pm

QCOM

Qualcomm's Q3 2024 adjusted EPS of $2.33 beat the estimate of $2.25, and sales of $9.39 billion surpassed the $9.217 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:00 pm

QQQ

UUP

Federal Reserve Chair Jerome Powell indicated that a rate cut could be on the table for the September meeting if inflation and the labor market perform as expected. The Fed held the interest rate steady at 5.25-5.5% in July. Powell's comments led to a rise in stocks and gold, while the dollar fell.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 7:48 pm

USO

Oil prices are trading higher due to escalating tensions between Israel and Iran.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:29 pm

SOUN

STLA

SoundHound AI Inc. (NASDAQ:SOUN) is expanding its AI technology across multiple sectors, including automotive and hospitality. The company has launched its Chat AI voice assistant with six major European automotive brands and has a significant partnership with Stellantis NV (NYSE:STLA). SoundHound AI is also making strides in the restaurant industry, with over 10,000 locations using its technology. The company aims to tap into a $100 billion TAM in North America with its multi-industry approach and three-pillar revenue strategy.

Portfolio Pulse from Surbhi Jain

July 31, 2024 | 7:21 pm

AMZN

Amazon shares are trading higher ahead of its second-quarter earnings report, with analysts predicting robust growth. Amazon Web Services (AWS) is expected to grow at 18% year-over-year, and Goldman Sachs has raised its 2025 GAAP operating income estimate for Amazon.

Portfolio Pulse from Vaishali Prayag

July 31, 2024 | 7:17 pm

AMC

DIS

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading higher due to favorable developments, including record-breaking weekend attendance and admissions revenue, and strong preliminary second-quarter financial results. The opening weekend of Walt Disney Co's (NYSE:DIS) 'Deadpool & Wolverine' contributed significantly to AMC's performance.

Portfolio Pulse from Vaishali Prayag

July 31, 2024 | 7:12 pm

SOFI

Goldman Sachs analyst Michael Ng has reiterated a Neutral rating on Sofi Technologies Inc (NASDAQ:SOFI) with a price target of $7.50. Ng noted that Sofi Technologies upgraded its full-year net income outlook and expects adjusted EBITDA margins to improve. The company's lending revenue and personal loan originations beat estimates, and deposits continue to grow. However, the outlook for the Tech Platform segment has been lowered. Ng increased his revenue and EPS estimates for fiscal years 2024, 2025, and 2026.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 7:03 pm

MKRUSD

Maker (MKR) has seen a price increase of 3.47% in the past 24 hours, reaching $2,874.89. Over the past week, the price has risen by over 7.0%. Despite the price increase, trading volume has decreased by 18.0%, and the circulating supply has decreased by 0.28%. MKR's market cap is currently $2.67 billion, ranking it #36.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 7:01 pm

XYL

Xylem (NYSE:XYL) has been analyzed by 11 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target has increased by 6.07% to $157.18. Analysts have frequently raised their ratings and price targets, reflecting positive sentiment. Despite strong revenue growth, Xylem faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 7:01 pm