Streetbeat News

Stock Prices

CCK

Crown Holdings (NYSE:CCK) has received positive analyst ratings in the last quarter, with 2 bullish and 2 somewhat bullish ratings. The average 12-month price target for the company has increased by 6.38% from $98.00 to $104.25.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 12:00 pm

TME

In the last quarter, Tencent Music Enter Gr (NYSE:TME) received 6 bullish ratings and 2 indifferent ratings from analysts. The average 12-month price target for the company, according to 8 analysts, is $9.4, with a high of $11.00 and a low of $7.40. This average price target has increased by 19.29% over the past month.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 12:00 pm

Ryder System (NYSE:R) reported Q2 earnings of $3.61 per share, beating the analyst consensus estimate of $2.91 by 24.05%. However, this is a 18.51% decrease from the same period last year. The company's quarterly sales of $2.88 billion missed the analyst consensus estimate of $3.05 billion by 5.44%, marking a 4.94% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:57 am

General Electric Co (NYSE:GE) reported better-than-expected Q2 FY23 results with revenues of $16.70 billion, an 18% YoY increase, beating the consensus of $15 billion. Adjusted EPS was $0.68, up from $0.36 a year ago, beating the consensus of $0.46. Following the announcement, GE shares rose 6.3% to close at $117.16 on Tuesday. Analysts from Goldman Sachs and Barclays raised their price targets on GE.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 11:55 am

Coca-Cola Co reported Q2 FY23 sales growth of 6% YoY to $11.97 billion, beating the consensus of $10.56 billion. The company also raised its FY23 organic revenue growth outlook from 7%-8% to 8%-9%. KO shares are trading higher by 1.25% at $63.03 in premarket.

Portfolio Pulse from Shivani Kumaresan

July 26, 2023 | 11:50 am

UNP

Union Pacific Corporation reported its Q2 FY23 results and announced Jim Vena as the new CEO. This news led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:48 am

UNP

Union Pacific reported Q2 earnings of $2.57 per share, missing the analyst consensus estimate of $2.75 by 6.55%. This is a 12.29% decrease from the same period last year. The company also reported quarterly sales of $5.96 billion, missing the analyst consensus estimate of $6.12 billion by 2.61%. This is a 4.93% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:47 am

HES

HESS Corporation has raised its FY23 production outlook to 385,000-390,000 boepd from the previous 365,000-375,000 boepd. The increase is primarily due to strong operational performance and the expected startup of the Payara development early in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:46 am

AWI

CRBU

DOV

GATX

GOOGL

LVLU

NTAP

NXPI

PHM

SPOT

Several analyst forecasts were released for Wednesday, with price target changes for Caribou Biosciences, Armstrong World Industries, Alphabet, General Electric, Spotify, Dover Corporation, NetApp, PulteGroup, NXP Semiconductors, Lulu's Fashion Lounge Holdings, and GATX Corporation. Most of the companies saw their price targets raised, with a few exceptions.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 11:46 am

COIN

GOOGL

IRDM

MRNA

SNAP

SPOT

TSLA

The US market saw a decrease in volatility with the Fed decision in focus. Jim Cramer warned investors to be cautious with Alphabet's stock post-earnings. Cathie Wood's Ark Invest increased its stake in Moderna and bought Spotify and Iridium shares, while trimming Tesla and Coinbase holdings. In crypto, Dogecoin surpassed Cardano to become the 7th largest crypto and jumped 7% after Elon Musk shared a logo made by DOGE designer. AT&T is expected to report lower Q2 earnings. Snap's stock crashed premarket. Elon Musk's X Corp. reportedly reduced ad prices to attract brands on Twitter.

Portfolio Pulse from Akanksha Bakshi

July 26, 2023 | 11:43 am