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Revenues

AAPL

A new defense pact between North Korea and Russia has increased the risk of conflict between North and South Korea, which could result in a $4 trillion hit to the global economy. South Korea's significant role in the global electronics market, particularly in memory chips, means that companies like Apple Inc. (NASDAQ:AAPL) could be affected.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 8:28 am

BMY

MCD

MMM

ON

SFM

The Dow Jones surged over 650 points following positive inflation data, with the Fear & Greed Index moving to a 'Neutral' zone. Bristol Myers Squibb and 3M Company saw significant stock price increases due to strong earnings reports. Investors are awaiting earnings results from McDonald's, ON Semiconductor, and Sprouts Farmers Market.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 8:11 am

DEO

Diageo plc (NYSE: DEO), known for Johnnie Walker whisky and Tanqueray gin, is facing its first annual sales decline since 2020. The company has issued a profit warning, leading to a dip in investor confidence. Analysts predict a 0.2% fall in net sales for the year ending June 30, with persistent issues in the U.S. and Latin America contributing to the decline. Diageo's shares have already dropped over 3% earlier this year after missing analyst estimates on organic net sales.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 8:09 am

NFLX

SPY

Yardeni Research predicts short-term volatility in the S&P 500 due to election uncertainty but expects a strong year-end rally. The market is focused on earnings growth, stretched valuations, and a rotation from mega-cap to large-cap and SMID-cap stocks. The SPDR S&P 500 ETF Trust (SPY) has gained over 15% YTD.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 7:48 am

PSO

Pearson reaffirms its 2024 outlook, expecting sales growth, profit, and tax to align with market expectations. The company anticipates a free cash flow conversion of 95-100%. Divisional guidance includes growth in Higher Education and English Language Learning, with a decline in Virtual Schools.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:55 am

PSO

Pearson reported its H1 2024 adjusted EPS at 25.6p, remaining flat year-over-year. However, revenue decreased to £1.754 billion from £1.879 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:44 am

ESLT

Elbit Systems has secured a $190 million contract to supply Iron Sting guided mortar munitions to the Israeli Ministry of Defense.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:39 am

AAPL

Apple Inc.'s first iPhone 16 models will not include new AI features at launch, requiring a software update weeks later. Apple plans to introduce Apple Intelligence via updates by October, with full features rolling out through 2024 and 2025. The delay is due to stability concerns and the need for developer support.

Portfolio Pulse from Ananya Gairola

July 29, 2024 | 5:48 am

RDY

Dr Reddy's Laboratories (NYSE:RDY) reported Q1 2025 earnings per share (EPS) of ₹83.46, beating the analyst estimate of ₹76.83. Sales were ₹76.727 billion, surpassing the estimate of ₹72.830 billion. Despite a slight decrease in EPS from last year, sales increased by 13.87%.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:22 am

PHG

Koninklijke Philips has reiterated its 2024 outlook, expecting 3-5% comparable sales growth, an Adjusted EBITA margin of 11-11.5%, and free cash flow of EUR 0.9-1.1 billion. The outlook excludes potential impacts from ongoing legal proceedings related to Philips Respironics.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:11 am