Streetbeat News

Stock Prices

ADP

LMT

RTX

Three industrial stocks, RTX Corp (NYSE:RTX), Automatic Data Processing Inc (NASDAQ:ADP), and Lockheed Martin Corp (NYSE:LMT), are showing overbought signals with high RSI values, indicating potential short-term price declines. Despite recent strong earnings and stock gains, investors should be cautious.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 12:28 pm

AMD

GLD

MSFT

UUP

US private employment rose by 122,000 in July, missing estimates and indicating a cooling labor market. The ADP National Employment Report showed the lowest job creation since January 2024. The U.S. Dollar Index fell, Treasury yields softened, and gold prices rose. Microsoft shares dropped 3% premarket, while AMD shares rallied over 7%.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 12:28 pm

GRPN

MGNX

OI

PEN

PINS

Pinterest issued a weak revenue forecast for Q3, causing its shares to fall sharply in pre-market trading. Other companies like MacroGenics, Penumbra, Groupon, and O-I Glass also saw significant declines due to various reasons including weak earnings and lowered guidance.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 12:27 pm

IMNN

Imunon shares are trading lower following the announcement of a $10M registered direct offering of 5M shares of common stock with unregistered warrants at a price of $2 per unit.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:27 pm

ARDX

Ardelyx, Inc. (NASDAQ: ARDX) announced the publication of plain language summaries from two clinical trials on XPHOZAH® (tenapanor) in Current Medical Research and Opinion. These summaries aim to help patients with chronic kidney disease on dialysis understand the safety and efficacy of XPHOZAH, a phosphate absorption inhibitor approved by the FDA.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:27 pm

AWR

ECL

GPS

MMM

PYPL

Top Wall Street analysts have upgraded their ratings for 3M Company, American States Water Company, Ecolab Inc., The Gap, Inc., and PayPal Holdings, Inc. These upgrades have led to varying impacts on the stock prices of these companies.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 12:27 pm

MFG

Mizuho Financial shares are trading higher after the company reported better-than-expected Q1 EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:24 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) announced progress in developing the DeepView SnapShot M, a handheld AI-driven diagnostic tool for battlefield burn assessment.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:23 pm

COR

Cencora shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 adjusted EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:23 pm

BA

Boeing reported a significant decline in Q2 2024 revenue and deliveries, missing analyst expectations. The company named Kelly Ortberg as the new CEO, effective August 8, 2024. Boeing's commercial airplane deliveries and defense revenue fell, while global services revenue grew slightly. The company also saw an increase in debt and a substantial operating cash outflow.

Portfolio Pulse from Akanksha Bakshi

July 31, 2024 | 12:18 pm