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LDOS

Leidos Holdings, Inc (NYSE:LDOS) reported strong Q2 fiscal 2024 results with an 8% revenue increase to $4.13 billion, beating analyst estimates. Adjusted EPS rose 46% to $2.63, also surpassing expectations. The company raised its annual revenue and EPS outlook. Despite these positive results, LDOS shares are trading 3.29% lower.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 5:49 pm

AMC

DIS

IMAX

AMC Entertainment Holdings Inc (NYSE:AMC) has seen strong momentum following Imax Corp's (NYSE:IMAX) strong Q2 earnings. AMC expects Q2 revenue of $1.03 billion and a loss of 10 cents per share, better than estimates. AMC also set new records for weekend attendance and admissions revenue, driven by the opening of Walt Disney Co's (NYSE:DIS) 'Deadpool & Wolverine'.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 5:49 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares are trading lower ahead of its quarterly earnings release on Thursday. Analysts estimate a loss of 14 cents per share and revenue of $157.84 million for the 2024 fiscal year second quarter. The stock initially traded higher on Monday but reversed after comments from former President Donald Trump regarding a national crypto stockpile. Marathon recently announced a $100 million Bitcoin purchase and a full HODL strategy.

Portfolio Pulse from Dylan Berman

July 30, 2024 | 5:47 pm

WWD

Woodward, Inc. (NASDAQ: WWD) reported mixed Q3 results, beating earnings estimates but missing on sales. The company lowered its FY24 revenue guidance, leading to a significant drop in its stock price. Analysts from TD Cowen and Deutsche Bank maintained their Buy ratings but reduced their price targets.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 5:45 pm

SMRT

SmartRent, Inc. (NYSE:SMRT) shares are down 17.9% after the CEO resigned and the company suspended its 2024 fiscal year outlook. The company also released preliminary Q2 earnings, expecting a 9% YoY revenue decrease and a net loss of $4.6 million.

Portfolio Pulse from Dylan Berman

July 30, 2024 | 5:44 pm

AAPL

CRWD

GOOGL

IWM

META

MSFT

NVDA

SOXX

Tech stocks experienced a significant drop ahead of key earnings reports and the Federal Open Market Committee meeting. Nvidia fell over 6%, impacting the semiconductor sector and the iShares Semiconductor ETF. CrowdStrike hit an 8-month low after Delta Air Lines sought compensation for an outage. Microsoft, Apple, Alphabet, and Meta also saw declines. The Nasdaq 100 dropped 1.5%, while the S&P 500 fell 0.8%. The iShares Russell 2000 ETF outperformed tech stocks. Treasury yields remained steady, and gold edged up.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 5:43 pm

IPGP

IPG Photonics Corporation (NASDAQ:IPGP) reported weak second-quarter results, missing both earnings and revenue estimates. The company experienced significant sales declines across all major regions and a notable drop in gross margin. IPGP's outlook for the third quarter is also below expectations, leading to a 5.88% drop in share price.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 5:42 pm

EIS

USO

An Israeli strike targeted Muhsin Shukr, the head of Hezbollah's operations room. His fate remains unknown. The incident could have implications for regional stability and energy markets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 5:40 pm

Boeing Co (NYSE:BA) is set to report its Q2 earnings this week, with analysts expecting a loss of $1.76 per share and revenue of $17.266 billion. The company has faced scrutiny due to flight incidents and CEO Dave Calhoun's upcoming departure. Analysts have mixed ratings, with some lowering price targets. Boeing shares are down 28% YTD.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 5:39 pm

LSCC

Lattice Semiconductor Corporation (NASDAQ:LSCC) reported disappointing Q2 earnings and issued weak Q3 revenue guidance, leading to a significant drop in its stock price. Several analysts have downgraded their ratings and lowered their price targets for the company.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 5:36 pm