On CNBC's “Halftime Report Final Trades,” Hightower Advisors’ Stephanie Link said Vertiv Holdings Co (NYSE:VRT) is expected to report a great quarter on Wednesday, July 30.
Lending support to her choice, Roth Capital analyst Justin Clare, on Tuesday, maintained Vertiv with a Buy and raised the price target from $100 to $157.
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Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said Spotify Technology S.A. (NYSE:SPOT) is getting overdone.
On Tuesday, shares of the company fell sharply following downbeat quarterly results. For the second quarter, Spotify posted a loss of 48 cents per share, a considerable deviation from the analyst consensus estimate of a $2.11 profit. Missed revenue projections compounded this earnings shortfall. Quarterly sales reached $4.75 billion (4.19 billion euros), marking a 10% year-over-year increase but falling short of the analyst projection of $4.84 billion.
Kevin Simpson, Capital Wealth Planning founder and CIO, said International Business Machines Corporation (NYSE:IBM) is down post earnings. The company increased its full-year free cash flow guidance and reaffirmed revenue outlook, he noted.
On July 24, IBM announced that its second-quarter earnings per share stood at $2.80, exceeding the consensus estimate of $2.64. The company's quarterly revenue also outperformed, reaching $16.977 billion compared to the anticipated $16.576 billion.
Joseph M. Terranova, Senior Managing Director for Virtus Investment Partners, said Welltower Inc. (NYSE:WELL) reported excellent earnings.
On Monday, Welltower reported better-than-expected second-quarter financial results, raised its FY25 FFO guidance above estimates, and increased its quarterly dividend from 67 cents per share to 74 cents per share.
Price Action:
- Spotify shares dipped 11.6% to close at $620.01 on Tuesday.
- Wynn Resorts shares gained 1.7% to close at $111.27 during the session.
- Vertiv shares gained 0.1% to close at $142.70.
- Welltower shares surged 4.9% to settle at $165.96 on Tuesday.
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