Streetbeat News

Revenues

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

HTBK

Heritage Commerce (NASDAQ:HTBK) reported Q2 earnings per share of $0.15, missing the analyst estimate of $0.18 by 16.67%. Sales were $41.73M, beating the estimate of $40.90M by 2.03%. Compared to the same period last year, EPS decreased by 44.44% and sales decreased by 13.72%.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:30 am

VSAT

Viasat has announced a restructuring of its reporting segments to better align with its diverse markets. Starting from the first quarter of fiscal year 2025, the company will report its financial results under two new segments: Communication Services and Defense and Advanced Technologies.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:20 am

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