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GOOG

GOOGL

QQQ

SPY

TSLA

US stocks are expected to open lower due to disappointing earnings from Tesla and Alphabet. Tesla's earnings were considered low quality, and Alphabet's increased capex for AI raised concerns. Small-cap stocks, however, showed resilience and rose. Key economic data releases are anticipated.

Portfolio Pulse from Shanthi Rexaline

July 24, 2024 | 11:43 am

OTIS

Otis Worldwide shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 sales guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:42 am

BA

ITA

PPA

Boeing has resumed deliveries of its 737 MAX aircraft to China after a regulatory delay. This marks a significant boost for Boeing, which has faced safety and quality issues. The company has delivered 22 aircraft to China from the start of 2024 to April 30 and holds an inventory of approximately 140 737 MAX 8 planes. Boeing estimates that Chinese airlines will require around 8,830 new commercial aircraft by 2043. Boeing stock has lost more than 13% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 11:40 am

NEE

NextEra Energy has reaffirmed its FY2024 adjusted EPS guidance of $3.23-$3.43, aligning closely with the $3.41 estimate. The company also provided EPS expectations for 2025, 2026, and 2027, and plans to grow its dividends per share by approximately 10% annually through at least 2026.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:39 am

KARO

Karooooo announced the commencement of an underwritten secondary public offering of its ordinary shares held by CEO Isaias Jose Calisto, generating $75.0M in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:37 am

DB

Deutsche Bank shares are trading lower after the company reported worse-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:36 am

NEE

NextEra Energy (NYSE:NEE) reported Q2 2024 earnings of $0.96 per share, missing the analyst estimate of $0.98. Sales were $6.069 billion, also missing the $7.470 billion estimate. Despite the misses, EPS increased by 9.09% year-over-year, while sales decreased by 17.42%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:36 am

TMO

Thermo Fisher Scientific shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:35 am

SBT

Sterling Bancorp (NASDAQ:SBT) reported Q2 2024 earnings of $0.03 per share, missing the analyst estimate of $0.04. Sales were $14.807 million, also below the $15.090 million estimate. Both earnings and sales showed significant declines compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:34 am

EMLDU

Trading halt status for EMLDU was updated at 7:30:00 AM ET. The news and resumption times have been provided.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 11:30 am