Streetbeat News

Revenues

AAL

PBM

POAI

TWOU

VKTX

U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. American Airlines cut its 2024 EPS outlook after reporting mixed Q2 results. Predictive Oncology, Psyence Biomedical, and Viking Therapeutics saw significant stock gains, while 2U, Edwards Lifesciences, and Ford experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 5:11 pm

AAUKF

Anglo American plc (OTC:AAUKF) announced a $1.6 billion writedown on its Woodsmith fertilizer project, leading to a $672 million loss for the first half of the year. The company is undergoing a comprehensive restructuring plan, focusing on divesting non-core units and concentrating on copper, iron ore, and crop nutrients. Despite setbacks, CEO Duncan Wanblad remains optimistic about the company's core divisions.

Portfolio Pulse from Stjepan Kalinic

July 25, 2024 | 5:09 pm

DIA

IWM

QQQ

SPY

US Indexes are higher following better-than-expected GDP growth. Investors also assess recent earnings reports across sectors.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:04 pm

MGNI

Over the past three months, 12 analysts have evaluated Magnite (NASDAQ:MGNI), showing a range of outlooks from bullish to bearish. The average 12-month price target has increased by 7.2% to $16.67. Analysts have provided various ratings and price targets, with recent actions including maintaining or raising their ratings. Magnite, a major supply-side platform in online advertising, has shown positive revenue growth but faces challenges in profitability and financial performance.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 5:01 pm

EOG

EOG Resources (NYSE:EOG) has outperformed the market over the past 20 years with an average annual return of 10.85%, resulting in a $1000 investment growing to $8,017.63. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 5:00 pm

MSI

Motorola Solutions (NYSE:MSI) has significantly outperformed the market over the past 20 years, achieving an average annual return of 32.55%. A $100 investment in MSI 20 years ago would be worth $28,010 today. The company's current market capitalization is $65.30 billion.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 5:00 pm

POAI

Predictive Oncology Inc. (NASDAQ: POAI) has announced its entry into the biomarker discovery market following a successful ovarian cancer study. The company is expanding its AI/ML-driven platform to include novel oncology biomarker discovery, aiming to predict patient outcomes and drug responses. The biomarker discovery market is estimated to reach $51.5 billion by 2024.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:00 pm

DIA

IWM

QQQ

SPY

TLT

XLC

XLI

XLU

Wall Street rebounded strongly on Thursday, driven by better-than-expected economic growth and cooling inflation. Major indices and sectors posted gains, with small caps and long-term Treasury bonds performing particularly well. Gold and Bitcoin fell, while oil prices rose.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 5:00 pm

GTX

HAIL

Garrett Motion Inc (NASDAQ:GTX) reported disappointing Q2 FY24 results, with sales and earnings missing consensus estimates due to demand weakness in gasoline, diesel, and commercial vehicles. The company lowered its FY24 outlook for net sales and adjusted EBITDA. GTX shares fell 12.8% following the report.

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 4:58 pm

BTCUSD

VanEck's new report forecasts Bitcoin (BTC) could reach $2.9 million by 2050, with scenarios ranging from $130,000 to $52 million. The projection is based on Bitcoin becoming a key player in the global financial system, settling 10% of international trade and 5% of domestic trade. Key risks include Bitcoin mining sustainability, community schisms, government regulation, and competition from other cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 4:49 pm