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Discover Financial Services (DFS) reported better-than-expected Q2 EPS results, with GAAP earnings of $6.06 per share and NII of $3.524 billion. RBC Capital Markets analyst Jon G. Arfstrom expects the stock's performance to be influenced by the pending merger with Capital One Financial (COF) and strategic actions like divesting student lending. The company projects an FY24 margin of 11.1% to 11.4%, up from 10.7% to 11.0%. DFS shares are up 0.28% at $141.81.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 7:11 pm

VETUSD

VeChain (VET) has experienced a 3.43% price drop in the past 24 hours, contrasting with its 12% gain over the past week. Trading volume has decreased by 28% over the week, and its circulating supply is at 93.39% of its max supply. VeChain's market cap is $2.46 billion, ranking it #45.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:03 pm

ATOMUSD

Cosmos Hub (ATOM) has experienced a 4.63% price drop in the past 24 hours, contrasting with a 4.0% gain over the past week. Trading volume has decreased by 13.0%, and the circulating supply has slightly decreased. The current market cap ranking for ATOM is #46 at $2.45 billion.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:02 pm

HBARUSD

Hedera (HBAR) has seen a 5.77% price drop in the past 24 hours, despite a 7.0% uptrend over the past week. Trading volume has increased by 15.0%, and the circulating supply has grown by 0.1%. The current market cap is $2.57 billion, ranking it #39.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:01 pm

HLIT

Four financial analysts have recently shared their insights on Harmonic (NASDAQ:HLIT), with all analysts maintaining a 'Buy' rating and setting a consistent 12-month price target of $18.00. Despite facing revenue challenges and a decline in growth rate, Harmonic showcases strong net margin and effective asset utilization.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:01 pm

APH

Amphenol (NYSE:APH) has significantly outperformed the market over the past 15 years, delivering an average annual return of 19.86%. A $100 investment in APH 15 years ago would be worth $1,536.37 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:00 pm

DINO

Analysts have provided mixed ratings for HF Sinclair (NYSE:DINO) over the past quarter, with a notable decrease in the average 12-month price target from $65.78 to $61.11. The company faces revenue challenges but maintains strong profitability and financial health.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:00 pm

CVNA

Carvana (NYSE:CVNA) has outperformed the market over the past 5 years with an average annual return of 15.45%, resulting in a $1000 investment growing to $2,197.60. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:00 pm

EPRT

Essential Props Realty (NYSE:EPRT) has received a range of analyst ratings over the past three months, with a majority being bullish. Analysts have set a 12-month average price target of $31.0, reflecting a 13.43% increase from the previous target. The company's financial performance is strong, with notable revenue growth, net margin, ROE, and ROA exceeding industry averages.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 7:00 pm

AVGO

DIA

IWM

NVDA

QQQ

SPY

Market strategist Jay Woods suggests that the rotation into small-cap stocks is just beginning, with the Russell 2000 index showing significant recent gains. The iShares Russell 2000 ETF (IWM) has outperformed other major ETFs like SPY, QQQ, and DIA. Woods believes small caps have more room to run, especially as the Fed is done raising rates. However, he cautions that small caps might take a breather after the first expected Fed rate cut. Money is moving from sectors like technology to underperforming sectors like financials and real estate.

Portfolio Pulse from Chris Katje

July 18, 2024 | 6:31 pm