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IGT

International Game Technology (IGT) reported Q2 earnings per share of 36 cents, beating estimates, but missed revenue expectations with $1.049 billion. Despite strong cash flow and stable EBITDA, shares fell 3.16% due to the revenue miss and the announcement of the sale of its Gaming & Digital business.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 2:46 pm

NFLX

Financial giants have made a bearish move on Netflix (NASDAQ:NFLX) with 20 unusual options trades. 35% of traders showed bearish tendencies, with significant put and call trades. Analysts have mixed ratings, with price targets ranging from $545 to $760. NFLX is currently trading at $629.96.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 2:46 pm

DIS

Significant investors have taken a predominantly bearish stance on Walt Disney (NYSE:DIS) based on recent options activity. Benzinga's options scanner detected 12 uncommon trades, with 58% being bearish. The trades suggest a price range of $80.0 to $145.0 for DIS over the next three months. Current trading volume is 2,255,818, with the stock price at $92.92. Analysts have mixed ratings, with an average target price of $133.33.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 2:45 pm

SAVE

Spirit Airlines shares are trading higher after the company announced a low-fare travel with new premium offerings.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:44 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is set to report its fourth-quarter financial results after the market close on Tuesday. Analysts expect earnings of $2.93 per share and revenue of $64.357 billion. Microsoft has consistently beaten analyst estimates for the past five quarters. Analysts from Wedbush, BMO Capital, Piper Sandler, Mizuho, BofA Securities, and TD Cowen have all maintained positive ratings and raised their price targets for Microsoft ahead of the earnings report.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 2:43 pm

PMN

ProMIS Neurosciences shares are trading lower after the company presented preclinical data at the 2024 Alzheimer's Association International Conference.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:43 pm

TPHS

Trinity Place Holdings (TPHS) shares have been halted pending news. Investors are awaiting further information to understand the reason behind the halt.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:37 pm

SYY

Sysco's executive announced that the company expects some improvement in the macroeconomic environment starting in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:36 pm

JBLU

JetBlue's executive announced that the airline expects the average number of grounded aircraft in 2025 to be in the mid to high teens, with greater uncertainty in 2026 and beyond.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:34 pm

GLW

LUMN

Corning Inc (NYSE:GLW) reported a fiscal Q2 2024 core sales growth of 4% YoY to $3.60 billion, beating estimates. Core EPS of $0.47 also surpassed expectations. Despite this, the stock dropped 8.6% due to lower-than-expected Q3 guidance. Key segments showed mixed performance, with strong growth in Optical Communications and Specialty Materials, but declines in Environmental Technologies and Hemlock. CEO highlighted new optical connectivity products for generative AI and a new agreement with Lumen Technologies Inc (NYSE:LUMN).

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 2:33 pm