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Nasdaq and S&P futures are sliding due to negative tech earnings and anticipation of Q2 GDP data. Disappointing earnings from STMicroelectronics and Teradyne are dragging the tech sector. SPDR S&P 500 ETF Trust and Invesco QQQ ETF are also down in premarket trading. Analysts suggest caution with small-cap cyclicals despite recent outperformance.

Portfolio Pulse from Shanthi Rexaline

July 25, 2024 | 11:23 am

WTBA

West Bancorp (NASDAQ:WTBA) reported Q2 2024 earnings per share (EPS) of $0.31, missing the analyst estimate of $0.32 by 3.13%. However, the company beat sales estimates with $19.576 million, surpassing the expected $19.290 million. Both EPS and sales figures showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:18 am

NVDA

Nvidia's partner, SMC, is raising $950 million to capitalize on the growing demand for AI servers. This move is expected to benefit Nvidia as it strengthens its position in the AI hardware market.

Portfolio Pulse from charles@benzinga.com

July 25, 2024 | 11:16 am

SYTA

Siyata Mobile has received an order from the City of Hawaiian Gardens, California, for its SD Push-to-talk handsets and VK7 Vehicle Kits. This upgrade will replace the city's legacy radio operations with a more cost-effective and efficient PTT cellular solution.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:13 am

LKFN

Lakeland Financial (NASDAQ:LKFN) reported Q2 2024 earnings per share of $0.74, missing the analyst estimate of $0.85 by 12.94%. However, the company reported sales of $68.735 million, beating the estimate of $60.704 million by 13.23%. This represents a 14.51% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:11 am

GHM

Graham Corporation (GHM) has been awarded $2.1 million by Blueforge Alliance to expand its welder training programs and related equipment. This initiative supports the U.S. Navy's submarine industrial base.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:10 am

SLGL

Sol-Gel Technologies (NASDAQ:SLGL) has signed six exclusive license agreements to commercialize its dermatology products TWYNEO and EPSOLAY in Europe and South Africa. The agreements include upfront and milestone payments, as well as future royalties.

Portfolio Pulse from charles@benzinga.com

July 25, 2024 | 11:08 am

TSCO

Tractor Supply has updated its financial guidance for fiscal year 2024, forecasting net sales of $14.8 billion to $15.0 billion, slightly narrowing the previous range. Comparable store sales, operating margin rate, net income, and earnings per diluted share have also been adjusted.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:06 am

AMBP

Ardagh Metal Packaging (NYSE:AMBP) reported Q2 2024 earnings per share of $0.06, beating the analyst estimate of $0.05. However, sales of $1.259 billion missed the $1.318 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:05 am

COOP

Mr. Cooper Group (NASDAQ: COOP) reported Q2 2024 adjusted EPS of $2.52, beating the estimate of $2.37. Sales were $583 million, surpassing the $550.712 million estimate and showing a 19.96% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:05 am