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ALK

Alaska Air Group (NYSE: ALK) reported Q2 2024 adjusted EPS of $2.55, beating the estimate of $2.39, but sales of $2.897 billion missed the $2.945 billion estimate. EPS decreased by 15% year-over-year, while sales increased by 2.08%.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 9:24 pm

ASML

INTC

NVDA

TSM

Intel Corp (NASDAQ: INTC) shares closed slightly higher amid a tumultuous trading day for the semiconductor sector. Semiconductor stocks moved lower due to concerns over export restrictions and ASML Holding NV's (NASDAQ: ASML) earnings report. ASML shares fell over 12% after reporting lower-than-expected Q2 numbers. The Biden administration is considering severe trade restrictions on China, and former President Trump suggested Taiwan should pay the U.S. for its defense. Intel is seen as a safer option due to its U.S. manufacturing expansion plans. Intel will report Q2 results on Aug. 1, with analysts expecting earnings of 10 cents per share and revenue of $12.948 billion.

Portfolio Pulse from Erica Kollmann

July 17, 2024 | 9:22 pm

HOMB

Home BancShares (NYSE:HOMB) reported Q2 2024 adjusted EPS of $0.52, beating the $0.49 estimate. Sales were $254.596M, surpassing the $247.208M estimate. EPS increased by 1.96% YoY, while sales decreased by 0.99% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 9:20 pm

FLWS

1-800-Flowers.Com Inc (NASDAQ:FLWS) has been downgraded by DA Davidson from Neutral to Underperform, with a price target reduction from $11 to $8. Bloomberg debit card data indicates a 15% year-on-year decline in sales for Q4 FY2024, suggesting the company may miss sales estimates and issue lower guidance for FY2025.

Portfolio Pulse from Priya Nigam

July 17, 2024 | 9:14 pm

BYND

Beyond Meat Inc (NASDAQ:BYND) shares dropped 16.32% in after-hours trading following a Wall Street Journal report indicating the company's weakened liquidity position and potential balance sheet restructuring. The company has been in a downtrend since 2021, burning through cash with $173.5 million in cash and cash equivalents as of March 30. Analysts expect a loss of 51 cents per share on revenue of $87.808 million in the upcoming earnings report.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 9:07 pm

CAT

DIA

DOW

HD

TRV

UNH

The Dow Jones Industrial Average Index reached a new record high of 41,198 points, extending its winning streak to six consecutive sessions. Blue-chip stocks, tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), have outperformed the tech-heavy Nasdaq 100 by 8.3 percentage points over the last six sessions. Top performers include UnitedHealth Group (NYSE:UNH), Caterpillar Inc. (NYSE:CAT), The Home Depot (NYSE:HD), Dow Inc. (NYSE:DOW), and The Travelers Companies (NYSE:TRV).

Portfolio Pulse from Piero Cingari

July 17, 2024 | 9:06 pm

APPF

Analysts have provided mixed ratings for AppFolio (NASDAQ:APPF) over the past three months, with a majority being somewhat bullish. The average 12-month price target has increased to $278.67, reflecting a 9.28% rise from the previous target. Key analysts from firms like JP Morgan, Piper Sandler, and Keybanc have raised their price targets, indicating positive sentiment. AppFolio has shown strong financial performance with significant revenue growth, high net margins, and effective debt management.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 9:01 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has outperformed the market over the past 5 years, delivering an average annual return of 15.99%. A $1000 investment in BKNG 5 years ago would be worth $2,106.80 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 9:00 pm

GTLS

Chart Industries (NYSE:GTLS) has outperformed the market over the past 5 years with an average annual return of 16.84%, resulting in a $100 investment growing to $222.99. The company currently has a market capitalization of $7.10 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 9:00 pm

DFS

Discover Financial Services (NYSE:DFS) reported better-than-expected Q2 results with GAAP earnings of $6.06 per share, significantly beating the estimate of $3.07 per share. The company saw a notable increase in net interest income and card yield, along with growth in total loans. Discover's shares rose 5.01% in after-hours trading.

Portfolio Pulse from Erica Kollmann

July 17, 2024 | 8:58 pm