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BMY

CHTR

DECK

MMM

SKX

U.S. stock futures are trading higher this morning. Key stocks to watch include Bristol-Myers Squibb, Deckers Outdoor, 3M Company, Skechers U.S.A., and Charter Communications. Bristol-Myers Squibb is expected to report earnings of $1.63 per share on $11.55 billion revenue. Deckers Outdoor reported better-than-expected Q1 results and expects a 10% sales increase in FY 2025. 3M is expected to post earnings of $1.68 per share on $5.88 billion revenue. Skechers posted downbeat Q2 results but raised FY 2024 sales guidance and announced a $1 billion share repurchase program. Charter Communications is expected to report earnings of $7.98 per share on $13.59 billion revenue.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 6:18 am

BVN

Buenaventura Mining Co (NYSE:BVN) reported Q2 earnings of $0.28 per share, missing the $0.29 estimate but showing a significant improvement from last year's loss. Sales were $277.10 million, beating the $257.17 million estimate and showing a substantial increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:15 am

PFIS

Peoples Financial Services (NASDAQ: PFIS) reported Q2 adjusted EPS of $0.59, beating the estimate of $0.52, but sales of $22.46M missed the $23.50M estimate. EPS decreased by 54.96% YoY, and sales decreased by 12.44% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:04 am

IMMX

Immix Biopharma (NASDAQ: IMMX) has secured $8 million in funding from the California Institute for Regenerative Medicine to support the clinical development of its CAR-T therapy NXC-201 for treating relapsed/refractory AL Amyloidosis.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:41 am

PEP

Richard Montañez, a former janitor at Frito-Lay, has filed a defamation lawsuit against PepsiCo Inc. (NASDAQ:PEP) and Frito-Lay, claiming he invented Flamin' Hot Cheetos and that the companies' false information and alleged racism have damaged his career. The lawsuit follows a Los Angeles Times article that discredited Montañez's claims, leading to a decline in his public speaking and consulting opportunities. PepsiCo is also facing other challenges, including weaker-than-expected revenue and product recalls.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 5:33 am

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) has been granted two licenses by Germany's Federal Institute for Drugs and Medical Devices, allowing it to expand its medical cannabis production and research in Germany. The company plans to cultivate additional products and trial new cultivars, positioning itself to capture a significant share of the growing German cannabis market.

Portfolio Pulse from Jelena Martinovic

July 26, 2024 | 3:06 am

CMCSA

DKNG

EWJ

EWZ

FXI

SPY

The article examines the impact of the Summer Olympics on the stock market, highlighting that while the games can cause volatility for companies directly tied to the event, such as Comcast Corp (NASDAQ:CMCSA), the overall market impact is minimal. The SPDR S&P 500 ETF Trust (NYSE:SPY) has shown modest gains during past Olympics. Country-specific ETFs like iShares MSCI Japan Fund (NYSE:EWJ), iShares MSCI Brazil ETF (NYSE:EWZ), and iShares China Large-Cap ETF (NYSE:FXI) have had mixed results. DraftKings Inc (NASDAQ:DKNG) is also mentioned for its odds on medal counts.

Portfolio Pulse from Chris Katje

July 25, 2024 | 10:24 pm

ORC

Orchid Island Capital (NYSE: ORC) reported a Q2 2024 adjusted EPS of $(0.09), missing the $(0.07) estimate, but reported sales of $(697.000K), beating the $(2.945M) estimate. Sales increased by 92.04% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:14 pm

NOV

NOV has revised its FY24 consolidated company revenue growth forecast to a low- to mid-single digit percent range, down from the prior mid-single percentage range. The company also adjusted its full-year 2024 Adjusted EBITDA forecast to $1.10 billion to $1.18 billion, from the previous range of $1.10 billion to $1.25 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:07 pm