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Stock Prices

PRG

PROG Holdings, Inc. (PRG) has raised its FY24 revenue outlook from the previous range of $2.285 billion - $2.36 billion to a new range of $2.4 billion - $2.45 billion, surpassing the estimated $2.35 billion.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:50 am

VSTM

Verastem shares are trading lower after the company announced it priced its $55 million public offering of 13,333,334 of its common stocks and accompanying warrants at $3.00 per share and accompanying warrant.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:50 am

BZ

DIS

IQ

The article highlights three oversold stocks in the communication services sector: Walt Disney Co (DIS), iQIYI Inc (IQ), and Kanzhun Ltd (BZ). These stocks have RSI values near or below 30, indicating potential undervaluation. Disney faces antitrust concerns in India, iQIYI was downgraded by HSBC, and Kanzhun posted strong quarterly results but saw a stock dip.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 11:50 am

PIRS

Pieris Pharmaceuticals shares are trading higher after the company announced a definitive merger agreement with Palvella Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:48 am

BXMT

Blackstone Mortgage Trust shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:46 am

THC

Tenet Healthcare shares are trading higher after the company reported better-than-expected Q2 financial results, raised its FY24 guidance above estimates, issued Q3 guidance above estimates, and announced a $1.5 billion share buyback.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:45 am

GOOG

GOOGL

QQQ

SPY

TSLA

US stocks are expected to open lower due to disappointing earnings from Tesla and Alphabet. Tesla's earnings were considered low quality, and Alphabet's increased capex for AI raised concerns. Small-cap stocks, however, showed resilience and rose. Key economic data releases are anticipated.

Portfolio Pulse from Shanthi Rexaline

July 24, 2024 | 11:43 am

OTIS

Otis Worldwide shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 sales guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:42 am

BA

ITA

PPA

Boeing has resumed deliveries of its 737 MAX aircraft to China after a regulatory delay. This marks a significant boost for Boeing, which has faced safety and quality issues. The company has delivered 22 aircraft to China from the start of 2024 to April 30 and holds an inventory of approximately 140 737 MAX 8 planes. Boeing estimates that Chinese airlines will require around 8,830 new commercial aircraft by 2043. Boeing stock has lost more than 13% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 11:40 am

NEE

NextEra Energy has reaffirmed its FY2024 adjusted EPS guidance of $3.23-$3.43, aligning closely with the $3.41 estimate. The company also provided EPS expectations for 2025, 2026, and 2027, and plans to grow its dividends per share by approximately 10% annually through at least 2026.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:39 am