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BDC

Belden shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:49 pm

CLSK

MARA

RIOT

Bitcoin mining stocks Marathon Digital (MARA) and CleanSpark (CLSK) are experiencing volatility ahead of their earnings reports. Riot Platforms (RIOT) missed analyst estimates, impacting the sector. Marathon Digital is expected to report revenue of $157.84 million and a loss of 14 cents per share, while CleanSpark is expected to report revenue of $110.881 million and a loss of 4 cents per share. CleanSpark also announced new power contracts and a Bitcoin mining site acquisition.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 3:49 pm

MARA

The article highlights a surge in options activity for Marathon Digital Holdings (NASDAQ:MARA), with a noticeable bullish stance from large investors. Out of 14 trades, 42% were bullish and 35% bearish. The trades include 4 puts totaling $261,158 and 10 calls totaling $410,768. Whales are targeting a price range of $15.0 to $40.0. The stock is currently trading at $18.84, down by 4.25%, with a neutral RSI. An analyst from B. Riley Securities maintains a Neutral rating with a $20 price target.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 3:46 pm

ADT

ADT Inc. (NYSE:ADT) shares are trading lower after the company reiterated its guidance and reported earnings that missed revenue estimates but met EPS expectations. The company reported a 3% year-over-year revenue growth to $1.20 billion, missing the $1.21 billion estimate, and an EPS of 17 cents, in line with expectations. ADT also reiterated its fiscal year 2024 guidance, projecting revenue between $4.8 billion and $5.08 billion and adjusted EPS between 65 cents and 75 cents.

Portfolio Pulse from Dylan Berman

August 01, 2024 | 3:45 pm

TRI

Thomson Reuters shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:44 pm

AAPL

Apple Inc (NASDAQ:AAPL) is set to report its Q3 earnings on Thursday, with Wall Street expecting $1.34 EPS and $84.36 billion in revenues. The stock is currently in a strong bullish trend, trading above key moving averages. Analysts see about a 10% upside with a consensus price target of $246.67.

Portfolio Pulse from Surbhi Jain

August 01, 2024 | 3:44 pm

SIRI

Sirius XM Holdings Inc (NASDAQ: SIRI) reported a 3% decline in Q2 2024 revenue to $2.178 billion, missing analyst estimates. Adjusted EPS was in line with expectations. The company saw a decrease in self-pay subscribers and ARPU, while Pandora's segment showed improved gross margins. Sirius XM reiterated its FY24 outlook and announced the closing of a transaction with Liberty Media in September. The stock has fallen 31% over the past year and was recently downgraded by Citi.

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 3:43 pm

TNK

Teekay Tankers shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:43 pm

MGY

Magnolia Oil & Gas shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:43 pm

CMPR

Cimpress shares are trading higher after the company reported better-than-expected Q4 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:42 pm