Streetbeat News

Revenues

CNC

Centene reported Q2 premium and service revenues of $36 billion, with a 34% increase in membership in the Marketplace compared to the second quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:03 am

PODD

Insulet Corporation reported preliminary Q2 revenue of $488 million, surpassing the estimated $460.275 million and exceeding their guidance range of 15% - 18% in constant currency. The strong performance was driven by high demand for Omnipod 5, leading to significant revenue growth and an increase in new customer starts both in the U.S. and internationally.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:02 am

AON

Aon (NYSE:AON) reported Q2 2024 adjusted EPS of $2.93, missing the analyst estimate of $3.08 by 4.87%. However, the company reported sales of $3.760 billion, beating the estimate of $3.733 billion by 0.73%. This represents an 18.35% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:02 am

CNC

Centene Corporation reported its Q2 2024 financial results, with adjusted EPS of $2.42 beating the estimate of $2.07, and sales of $39.836 billion surpassing the expected $36.460 billion.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:01 am

BNBUSD

MATICUSD

SHIBUSD

Shiba Inu (SHIB) saw a 76% surge in Q2 order volumes on CoinGate, driven by the expansion of services on the Polygon and BNB Chain networks. This indicates growing mainstream adoption and significant engagement from whale investors.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 9:39 am

AMZN

GOOG

GOOGL

Analysts at Wedbush Securities are optimistic about Amazon's (NASDAQ:AMZN) prospects, citing strong performance in the retail segment, rising operating margins, and growth in Amazon Web Services (AWS). They have set a 12-month price target of $225 and maintained an Outperform rating. AWS is expected to grow over 18% year-over-year in Q2, with AI contributions being a key focus. Despite some concerns about Q2 revenue guidance and Prime Day results, analysts believe Amazon is relatively insulated from competitive threats and continues to gain market share.

Portfolio Pulse from Kaustubh Bagalkote

July 26, 2024 | 9:06 am

AVGO

GOOGL

META

MSFT

NVDA

TSLA

Tech stocks are experiencing a downturn due to unimpressive earnings from Tesla and Alphabet, leading to a broader selloff in the sector. Investors are reassessing market assumptions and redeploying funds amid economic uncertainty. Major tech companies like Nvidia, Broadcom, Meta Platforms, Microsoft, and Alphabet have seen their shares decline.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 8:50 am

EW

F

GOOG

GOOGL

META

MSFT

NVDA

The S&P 500 and Nasdaq Composite closed lower on Thursday, driven by declines in tech stocks such as Nvidia, Meta Platforms, Microsoft, and Alphabet. Ford Motor Company and Edwards Lifesciences Corporation saw significant drops due to disappointing earnings reports. The CNN Money Fear and Greed index remained in the 'Fear' zone, indicating negative market sentiment.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 8:06 am

E

Eni (NYSE:E) reported $24.82 billion in sales for Q2, marking a 15.05% increase from $21.57 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 7:18 am

TSLA

Tesla has warned customers against using wet cloths on supercharger cables to speed up charging, citing risks of overheating and damage. The company also reported a slowdown in the growth rate of its supercharger network, which has been impacted by recent layoffs. However, Tesla plans to invest $500 million in expanding the network this year.

Portfolio Pulse from Anan Ashraf

July 26, 2024 | 6:58 am