Streetbeat News

Stock Prices

CTAS

Cintas Corporation (NASDAQ:CTAS) reported better-than-expected quarterly EPS and revenues, leading to mixed analyst reactions. The company posted EPS of $3.99 and revenues of $2.471 billion, both surpassing estimates. Analysts adjusted their price targets, with some downgrading and others maintaining or upgrading their ratings.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:50 pm

ADI

AMAT

AMD

ASML

INTC

KLAC

LRCX

MPWR

NXPI

STM

TSM

TXN

Shares of semiconductor stocks are trading lower as the sector pulls back following this year's strength, which has been driven by AI momentum.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:49 pm

ISRG

Intuitive Surgical Inc. (NASDAQ: ISRG) stock is trading higher after reporting better-than-expected Q2 earnings. Despite facing several headwinds, analysts remain optimistic about the company's future, with multiple firms raising their price targets and maintaining positive ratings. The company's da Vinci 5 system and expanding applications in robotic-assisted surgery are key growth drivers.

Portfolio Pulse from Vandana Singh

July 19, 2024 | 5:49 pm

Blackstone Inc (NYSE:BX) reported strong Q2 FY2024 results, with adjusted revenues of $2.796 billion beating expectations. Despite missing EPS consensus, AUM rose 7% Y/Y. Analysts raised their price targets, and shares gained 2.3% following the news.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:45 pm

BLK

ETHE

ETHUSD

Grayscale Investments has reduced its proposed fee for its spot Ethereum ETF by 40%, aiming to gain a competitive edge over rivals. The fee cut from 0.25% to 0.15% undercuts competitors like Franklin Templeton, VanEck, Bitwise, and 21Shares. Grayscale plans to convert its Ethereum Trust (OTC:ETHE) into an ETF, maintaining a 2.5% fee for this product.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 5:45 pm

CRWD

DIA

IWM

QQQ

SPY

Major indexes are lower amid this week's selloff in tech stocks. A global outage caused by a CrowdStrike update may also be pressuring the market.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:40 pm

SPY

Vice President Kamala Harris is scheduled to speak with major Democratic donors, as reported by the New York Times.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:40 pm

BKE

DELL

GOOGL

ROKU

Insiders from Alphabet, Roku, Dell Technologies, and Buckle have recently sold shares, which could indicate various motivations such as preplanned sales or concerns about the company's prospects. Notable sales include Alphabet's CEO Sundar Pichai selling 22,500 shares, Roku's President Charles Collier selling 3,590 shares, Dell's Director Egon Durban selling 25,381 shares, and Buckle's Director John P Peetz selling 2,500 shares.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:39 pm

COIN

MSTR

MicroStrategy (NASDAQ:MSTR) shares are trading higher on Friday due to a rise in Bitcoin's price to around $66,000. Other crypto-linked stocks, including Coinbase Global (NASDAQ:COIN), are also experiencing gains. MicroStrategy's stock is trading above its 50-day moving average, and the company is set to release its Q2 2024 earnings on August 1st, with analysts expecting a loss of $1.10 per share and revenue of $122.60 million.

Portfolio Pulse from Dylan Berman

July 19, 2024 | 5:37 pm

AAL

CHPT

FDX

LHX

SAVE

UBER

The article highlights unusual options activity for seven industrial stocks: CHPT, SAVE, AAL, GE, FDX, UBER, and LHX. These activities include both bullish and bearish sentiments, with significant trading volumes and varying expiration dates.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 5:35 pm