Streetbeat News

Revenues

SWKS

Skyworks Solutions has provided its Q4 earnings guidance, expecting non-GAAP EPS of $1.52 versus the estimated $1.51, and revenue between $1.00 billion and $1.04 billion versus the estimated $1.01 billion. The company anticipates a 20% sequential increase in its mobile business and modest improvement in broad markets. Additionally, Skyworks announced an increase in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:03 pm

CZR

Caesars Entertainment (NASDAQ:CZR) reported Q2 sales of $2.830 billion, missing the analyst consensus estimate of $2.867 billion by 1.28%. This represents a 1.70% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:02 pm

MSFT

Microsoft reported Q4 2024 earnings per share (EPS) of $2.95, beating the analyst estimate of $2.92. The company also reported sales of $64.7 billion, surpassing the $64.357 billion estimate. This represents a 15.15% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:02 pm

NOC

Northrop Grumman's GEM 63 solid rocket boosters successfully launched the USSF-51 mission aboard an Atlas V rocket, providing significant thrust and additional components for the launch vehicle.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:50 pm

IWM

QQQ

July saw a significant market rotation with investors moving towards small-cap stocks, anticipating Federal Reserve interest rate cuts. The iShares Russell 2000 ETF (IWM) had its best monthly performance against the Nasdaq 100 (QQQ) since April 2002, with a 9.2% rally. The Russell 2000 could continue to outperform if the Fed cuts rates as expected.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 7:28 pm

USO

Oil prices are trading lower due to concerns over demand from China.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:18 pm

AMZN

NVDA

Goldman Sachs and RBC Capital analysts have reiterated their positive ratings on Amazon (AMZN) ahead of its Q2 earnings, citing strong eCommerce and cloud business performance, potential margin upside, and AI-driven growth. Amazon's GPU activity with Nvidia (NVDA) is also noted.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 7:11 pm

CAVA

Analysts have provided mixed ratings for Cava Group (NYSE:CAVA) over the past three months, with a recent increase in the average 12-month price target to $88.92. The company has shown strong revenue growth and profitability, but faces challenges in return on equity.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 7:00 pm

XRPUSD

XRP's price has increased by 4.78% in the past 24 hours to $0.63, with a weekly uptick of over 6.0%. Trading volume has risen by 32.0% over the past week, while the circulating supply has slightly decreased. XRP's market cap is currently ranked #6 at $35.44 billion.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 7:00 pm

AMT

American Tower Corp (NYSE: AMT) reported strong Q2 2024 earnings with revenue growth of 4.6% year-on-year to $2.90 billion, beating analyst estimates. AFFO per share increased by 9.8% to $2.79, also surpassing expectations. The company saw significant growth in tenant billings and free cash flow, and raised its FY24 outlook. AMT shares rose 2.61% following the report.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 6:46 pm