Streetbeat News

Stock Prices

MCD

McDonald's reported disappointing Q2 earnings, leading to a volatile stock performance. Analysts from BofA Securities, Goldman Sachs, BMO Capital Markets, and KeyBanc Capital Markets have all lowered their price targets for McDonald's, citing negative same-store sales growth and weaker consumer demand. Despite the challenges, some analysts see potential in McDonald's value meal strategy and long-term growth prospects.

Portfolio Pulse from Priya Nigam

July 30, 2024 | 3:56 pm

PCG

A new S&P Global report reveals that household energy bills have risen significantly in several U.S. states over the past five years, with Maine experiencing the highest increase at 65.6%. California's PG&E Corp (NYSE:PCG) has also seen substantial rate hikes due to wildfire mitigation costs. Meanwhile, energy prices remained stable or declined in some Middle American states.

Portfolio Pulse from Hayden Buckfire

July 30, 2024 | 3:42 pm

PBHC

Pathfinder Bancorp shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:41 pm

GME

NVDA

Short seller Andrew Left, known for his stance against GameStop during its 2021 short squeeze, faces federal securities fraud charges. Prominent investors Edwin Dorsey and Whitney Tilson defend Left, highlighting his role in exposing market frauds. The case could impact the future of short reports.

Portfolio Pulse from Chris Katje

July 30, 2024 | 3:38 pm

ON

ON Semiconductor Corp (NASDAQ:ON) reported strong second-quarter earnings, beating expectations on gross margins and non-GAAP gross margin. Despite this, shares fell by 4.22% due to concerns over shipment declines and revenue guidance. Five analysts raised their price targets, citing the company's competitive position and potential for future growth.

Portfolio Pulse from Priya Nigam

July 30, 2024 | 3:36 pm

SAVE

Spirit Airlines (NYSE:SAVE) shares are trading higher after the company introduced new premium offerings and a U.S. appeals court blocked a rule requiring airlines to disclose fees upfront. The new travel packages include various options such as snacks, reduced baggage fees, and Wi-Fi service. Spirit's stock is currently trading below its 50-day moving average, and 19.11% of shares are being sold short.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 3:35 pm

SERV

Shares of Serve Robotics (SERV) moved lower as traders circulated a report. The report's details were not disclosed, but the market reaction suggests negative sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:35 pm

TSLA

Tesla (NASDAQ:TSLA) has significantly outperformed the market over the past 5 years, with an annualized return of 71.72%. A $1000 investment in TSLA 5 years ago would be worth $14,546.49 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 3:33 pm

SYM

Symbotic Inc. (NASDAQ:SYM) reported weaker-than-expected third-quarter earnings and issued lower fourth-quarter revenue guidance. Despite record revenue, the company missed earnings estimates and saw its shares drop by 21.1%. Analysts have lowered their price targets but maintained Buy ratings.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 3:26 pm

CRAK

IEO

PSX

Phillips 66 (NYSE: PSX) reported strong Q2 FY24 results, surpassing revenue and EPS estimates. The company achieved $38.911 billion in revenue and $2.31 in adjusted EPS, both exceeding consensus estimates. Key segments showed improved pre-tax income, and the company maintained high operational efficiency. Phillips 66 also reported strong cash flow and significant share repurchases and dividends. The stock gained 4.9% following the announcement. Investors can gain exposure through IShares U.S. Oil & Gas Exploration & Production ETF (BATS: IEO) and VanEck Oil Refiners ETF (NYSE: CRAK).

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 3:26 pm