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LLY

Eli Lilly and Company (NYSE:LLY) is set to release its Q2 earnings on August 8, with analysts expecting an increase in both earnings per share and revenue compared to the previous year. The company currently offers a dividend yield of 0.66%, translating to a quarterly dividend of $1.30 per share. Investors would need to own approximately $915,330 worth of Eli Lilly stock to generate a monthly dividend income of $500. The article also discusses how dividend yields can fluctuate based on stock price and dividend payment changes.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 1:26 pm

GAST

MAKX

ROK

Rockwell Automation (NYSE:ROK) reported disappointing Q3 sales, leading to a downward revision of its FY24 outlook. Sales fell 8.4% to $2.05 billion, missing estimates. Adjusted EPS beat expectations at $2.71. The company cited project delays and economic uncertainty as key issues. Investors can gain exposure via Gabelli Automation ETF (NYSE:GAST) and ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 1:26 pm

DIS

INTC

LUMN

MADE

NVDA

QQQ

SMCI

TSLA

WAY

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:25 pm

LPX

Louisiana-Pacific Corp (NYSE:LPX) reported a strong Q2 2024 with net sales growth of 33.2% YoY to $814 million, beating expectations. Siding and OSB revenues saw significant increases, leading to a gross profit rise of 121% YoY. Adjusted EPS was $2.09, surpassing the consensus of $1.93. The company also raised its 2024 outlook for Siding net sales growth. Despite the positive results, LPX shares are trading lower by 2.1% in premarket.

Portfolio Pulse from Akanksha Bakshi

August 07, 2024 | 1:20 pm

BlackLine has revised its Q3 adjusted EPS guidance to $0.49-$0.52, below the estimated $0.55. However, the company expects revenue to be between $162M-$164M, which is above the estimated $158.205M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:17 pm

MFG

MUFG

SMFG

SONY

Shares of US-listed Japanese stocks are trading higher after the Nikkei rebounded following its recent drop.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:16 pm

NVDA

TSM

Macquarie has identified 10 Asian stocks, including TSMC and SK Hynix, as top buying opportunities amidst global market volatility. These stocks are seen as resilient to recession fears and are expected to rebound strongly.

Portfolio Pulse from Surbhi Jain

August 07, 2024 | 1:16 pm

BTCUSD

ETHUSD

The crypto community has mixed reactions to Kamala Harris's choice of Tim Walz as her running mate. While neither has publicly shared their stance on cryptocurrencies, some investors are hopeful for clarity soon. Walz's regulatory history on crypto kiosks and his perceived strict regulatory stance have drawn both support and criticism.

Portfolio Pulse from Pooja Rajkumari

August 07, 2024 | 1:16 pm

SHOP

Shopify Inc (NYSE:SHOP) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. Revenue grew 21% YoY to $2.05 billion, and adjusted EPS was $0.26. Gross merchandise volume increased 22% YoY to $67.2 billion. The company provided a strong Q3 outlook, expecting revenue growth in the low-to-mid-twenties percentage rate YoY.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 1:14 pm

AAPL

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading slightly higher in the premarket session after announcing the successful launch of linear TV streaming on iOS devices. The company aims to expand its streaming services and gain full control over its tech delivery stack. DJT stock has gained over 75% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2024 | 1:14 pm