Latest news for Adherium (OTC:ADRMF) Stock

Adherium Ltd is engaged in the development, manufacture, and supply of its Hailie digital health technologies that address sub-optimal medication use and improve health outcomes in chronic disease. Geographically, it derives a majority of its revenue from Europe and also has a presence in New Zealand and Australia; North America, and Asia.

Adherium Ltd

JMP Securities analyst Devin Ryan maintains FTAI Aviation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) with a Market Outperform and raises the price target from $90 to $132.

News

Price Target

Analyst Ratings

FTAI

JMP Securities Maintains Market Outperform on FTAI Aviation, Raises Price Target to $132

Waste Management Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wm#NYSE">WM</a>) reported second-quarter 2024 results, wherein earnings met the Zacks Consensus Estimate, while revenues missed the same.
WM&#39;s adjusted earnings per share were $1.8, which increased 20.5% on a year-over-year basis. Total revenues of $5.4 billion missed the consensus estimate by a slight margin but increased 5.5% from the year-ago quarter.
Thestock has gained 26.6% in the past year, outperforming 22.9% and 22.6% growth of the industry it belongs to and the Zacks S&amp;P 500 Composite, respectively.
<div class="chart_embed">
<h3>Waste Management, Inc. Price and EPS Surprise</h3>
<h3><img alt="Waste Management, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/15/1721920401.png" style="height:263px; width:545px" title="" /></h3>
Waste Management, Inc. price-eps-surprise | Waste Management, Inc. Quote
</div>
<h3>Quarterly Numbers in Detail</h3>
The Collection segment recorded revenues of $4.2 billion, rising 4% from the year-ago quarter and surpassing our estimate of $4 billion. The Landfill segment&#39;s top line grew 2.2% year over year to $1.3 billion and met our estimate. Total revenues in the Transfer segment increased 5.6% to $618 million and outpaced our expectation of $604.4 million. The Recycling segment&#39;s revenues rose 20.6% to $475 million and beat our expectation of $416.2 million. The figures are before the alignment of intercompany adjustment.
The adjusted operating EBITDA was $1.6 billion, which met our estimate and increased 10.3% from the year-ago quarter. The adjusted operating EBITDA margin increased 130 basis points to 30% from the year-ago quarter and beat our estimate of 28.7%.
<h3>Balance Sheet &amp; Cash Flow</h3>
Waste Management exited the second quarter of 2024 with cash and cash equivalents of $172 million compared with $322 million at the end of the prior quarter. The long-term debt (less current portion) was $16.5 billion compared with $15.8 billion at the end of the prior quarter.
WM generated $1.2 billion in cash from operating activities in the reported quarter, while capital expenditure was $667 million. The free cash flow was $530 million. In the second quarter of 2024, $608 million in cash dividends was distributed to shareholders. The company&#39;s share repurchases amounted to $262 million.
<h3>2024 Outlook</h3>
For 2024, the adjusted operating EBITDA is expected to be $6.375-$6.525 billion. The free cash flow is estimated between $2 and $2.15.
Currently, WM carries a Zacks Rank #2 (Buy).
<h3>Earnings Snapshot of Some Business Services Stock</h3>
Fiserv, Inc.&nbsp;reported mixed second-quarter 2024 results.
FI&#39;s adjusted earnings per share (excluding 60 cents from non-recurring items) of $2.1 outpaced the consensus mark by 1.9% and increased 17.7% year over year. Adjusted revenues of $4.8 billion missed the consensus estimate by a slight margin but rose on a year-over-year basis.
IQVIA Holdings Analytics Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iqv#NYSE">IQV</a>) reported impressive second-quarter 2024 results.
Adjusted earnings (excluding 67 cents from non-recurring items) were $2.6 per share, outpacing the Zacks Consensus Estimate by 2.3% and increasing 2.4% on a year-over-year basis. Total revenues of $3.8 billion surpassed the consensus estimate marginally and rose 2.3% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2309349/waste-management-wm-q2-earnings-meet-estimates-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2309349">To read this article on Zacks.com click here.</a>

Earnings

Dividends

Markets

Trading Ideas

Waste Management Q2 Earnings Meet Estimates, Rise Y/Y

3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) will report second-quarter earnings on Friday, July 25. Wall Street expects $1.68 in EPS and $5.9 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=MMM"> before market hours</a>.
The stock is up 19.01% over the past year, 13.52% year-to-date.
Let&#8217;s look at what the charts indicate for 3M stock, and how the stock currently maps against Wall Street estimates.
<h3 class="wp-block-heading">3M Stock Bullish Ahead Of Q2 Earnings</h3>
3M is currently in a moderately bullish trend, but recent selling pressure introduces risk of potential bearish movement.
<figure class="wp-block-image size-full"><a href="Chart created using Benzinga Pro"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25092718/Screenshot-2024-07-25-at-6.40.50-PM.png" alt="" class="wp-image-456913" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25092718/Screenshot-2024-07-25-at-6.40.50-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25092718/Screenshot-2024-07-25-at-6.40.50-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072524&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The stock price of $103.25 is above the 50-day SMA of $101.60 and the 200-day SMA of $88.50, which are bullish signals. 
However, it is slightly below the 8-day SMA of $103.95, indicating some bearish pressure. The 20-day SMA at $102.66 also supports a bullish stance.
<figure class="wp-block-image size-full"><a href="Chart created using Benzinga Pro"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25092739/Screenshot-2024-07-25-at-6.41.11-PM.png" alt="" class="wp-image-456917" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25092739/Screenshot-2024-07-25-at-6.41.11-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25092739/Screenshot-2024-07-25-at-6.41.11-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072524&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The MACD at 0.97 and the Bollinger Bands (with a range of $99.78 to $105.27) suggest a bullish outlook, though the RSI at 53.42 indicates the stock may be heading towards overbought conditions. 
Investors should be aware of the mixed signals and monitor for potential shifts in trend.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/07/39707544/whats-going-on-with-post-it-maker-3ms-shares-today">What&#8217;s Going On With Post-It Maker 3M&#8217;s Shares Today?</a>
<h3 class="wp-block-heading">3M Analysts Bullish, See 14% Upside</h3>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/MMM/analyst-ratings"> The consensus analyst rating</a> on 3M stock stands at a Neutral currently with a price target of $122.19. The latest analyst ratings from Barclays, Wells Fargo, and Wolfe Research imply a 13.89% upside for 3M with an average price target of $118.33.
MMM Price Action: 3M stock was trading at $103.90 at the time of publication.
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</ul>

Analyst Color

Technicals

3M Heads Into Q2 Earnings: Bullish Tailwind Or Bearish Detour?

TD Cowen analyst Jason Seidl maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Buy and raises the price target from $47 to $57.

TD Cowen Maintains Buy on Knight-Swift, Raises Price Target to $57

TD Cowen analyst Jason Seidl maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Hold and raises the price target from $206 to $214.

ODFL

TD Cowen Maintains Hold on Old Dominion Freight Line, Raises Price Target to $214

Republic Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rsg#NYSE">RSG</a>) reported an impressive second-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate.
RSG&#39;s earnings per share (excluding 1 cent from non-recurring items) of $1.6 beat the Zacks Consensus Estimate by 5.2% and increased 14.2% from the year-ago quarter. Revenues of $4 billion beat the consensus mark by a slight margin and gained 8.6% year over year.
The RSG stock has gained 29.7% over the past year, outperforming the 22.9% rally of the industry it belongs to and 22.6% growth of the Zacks S&amp;P 500 Composite.
<div class="chart_embed">
<h3>Republic Services, Inc. Price and EPS Surprise</h3>
<h3><img alt="Republic Services, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/74/1721919935.png" style="height:263px; width:545px" title="" /></h3>
Republic Services, Inc. price-eps-surprise | Republic Services, Inc. Quote
</div>
<h3>Segmental Revenues</h3>
Revenues from Collection totaled $2.7 billion, up 7% from the year-ago quarter, missing our expectation of $2.8 billion.
Revenues (net) in the Transfer and Landfill segments were $208.2 million and $440.2 million, rising 5.5% and 2.1% on a year-over-year basis, respectively. While the Transfer segment&#39;s revenues surpassed our estimate of $204.9 million, the Landfill segment missed our estimate of $447.3 million.
The Other segment&#39;s revenues of $204.2 million rose 30.6% from the year-ago quarter and outpaced our anticipation of $180.2 million. Environmental solutions&#39; revenues (net) of $472.6 million increased 18.7% year over year and beat our estimate of $433.5 million.
<h3>Operating Results</h3>
Adjusted EBITDA for the quarter was $1.3 billion, which marked 13% growth from the year-ago quarter, surpassing our estimate of $1.2 billion. The adjusted EBITDA margin of 31.1% increased 110 basis points from the year-ago quarter, beating our estimate of 30.2%.
<h3>Balance Sheet &amp; Cash Flow</h3>
Republic Services exited the second quarter of 2024 with cash and cash equivalents of $490.6 million compared with $91.6 million at the end of the preceding quarter. The long-term debt (net of current maturities) was $11.5 billion compared with $11.4 billion at the end of the first quarter of 2024.
RSG generated $1.1 billion in cash from operating activities in the reported quarter. The adjusted free cash flow was $617.1 million. Capital expenditure in the second quarter of 2024 was $403.1 million.
<h3>2024 Outlook</h3>
For 2024, Republic Services expects revenues of $16.08-$16.13 billion. The Zacks Consensus Estimate for the same is pegged at $16.15 billion, which is higher than the company&#39;s guided range. Adjusted EBITDA is anticipated to be $4.90-$4.93 billion.
RSG expects EPS of $6.15-$6.20. The consensus estimate is pegged at $6.05, which is higher than the company&#39;s guidance. The adjusted free cash flow is expected to be $2.15-$2.17 billion.
Currently, Republic Services carries a Zacks Rank #3 (Hold).
<h3>Earnings Snapshot</h3>
ABM Industries Incorporated&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abm#NYSE">ABM</a>) reported impressive second-quarter fiscal 2024 results.
ABM&#39;s EPS (excluding 18 cents from non-recurring items) was 87 cents, which beat the Zacks Consensus Estimate by 11.5% but decreased 3.3% from the year-ago quarter. Total revenues of $2 billion outpaced the consensus mark by 1% and increased 1.7% on a year-over-year basis.
Paychex, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/payx#NASDAQ">PAYX</a>) reported mixed fourth-quarter fiscal 2024 results.
PAYX&#39;s earnings of $1.1 per share beat the Zacks Consensus Estimate by 1.8% and increased 15.5% from the year-ago quarter. Total revenues of $1.3 billion missed the consensus estimate marginally but rose 5.3% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2309347/republic-services-rsg-earnings-surpass-estimates-in-q2?cid=CS-BENZ-FT-analyst_blog|earnings_article-2309347">To read this article on Zacks.com click here.</a>

PAYX

Republic Services Earnings Surpass Estimates in Q2

TD Cowen analyst Bryan Bergin maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Buy and raises the price target from $175 to $182.

TD Cowen Maintains Buy on Fiserv, Raises Price Target to $182

TD Cowen analyst Gregory Williams maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Hold and raises the price target from $21 to $23.

TD Cowen Maintains Hold on AT&T, Raises Price Target to $23

Tesla CEO <a href="https://www.benzinga.com/personal-finance/24/07/39649862/cant-possibly-think-of-genes-i-would-prefer-more-elon-musk-father-of-12-swayed-his-neuralink-exe">Elon Musk</a> is not as interested in living an eternal life as some of his fellow billionaires. He's been pretty vocal about why he doesn't think immortality would be such a great idea.
In December 2021, during the Wall Street Journal&#8217;s CEO Council Summit, Elon Musk made an unexpected statement: &#8220;It is important for us to die because most of the time people don&#8217;t change their mind. They just die.&#8221; He explained, &#8220;If you live forever, we might become a very ossified society where new ideas cannot succeed.&#8221;&nbsp;
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Musk believes that death moves society forward. According to him, there has to be death and rebirth in order to maintain fresh thoughts that can foster innovations.
Many other billionaires are spending a fortune on longevity research just to discover how to attain a longer and healthier life. Jeff Bezos, for example, has invested in Altos Labs, a startup that specializes in cellular rejuvenation programming. The firm's goal is to apply cutting-edge science to elongate human life.
Additionally, Google co-founders Larry Page and Sergey Brin have joined others in looking for ways to slow down aging through Calico Labs. They want to understand why people age biologically and invent some methods that may increase their life span.
See Also: <a href="https://www.benzinga.com/money/fundrise-innovation-fund">When today&#8217;s AI startups go public, most of the rapid growth will be behind them — here&#8217;s how not to get left out.</a>
On the other hand, PayPal's Peter Thiel, who appears obsessed with the meaning of life, signed up for a <a href="https://www.benzinga.com/startups/24/07/39845234/back-from-the-dead-and-broke-not-for-the-wealthy-5-500-betting-on-cryonics-ensuring-wealth-beyond-th">cryonic preservation service</a> at Alcor Life Extension Foundation, thereby inserting himself into future hopes of medical revivalism. This means freezing a person's dead body or brain until later, when scientific advancements can be used to revive them. This enthusiasm from Thiel shows how some tech moguls believe that living much longer than normal is not only an aspiration but something possible within this century.
While these billionaires pour resources into extending human life, Musk seems content with the natural order of things.&nbsp;
In a January 2024 podcast interview with Peter Diamandis, Musk was asked if he was striving to live to 100. Musk clarified his stance: &#8220;I don&#8217;t think I want to be a burden to society or have dementia and not know what&#8217;s going on. I&#8217;d prefer to be dead.&#8221;
Trending: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.
He believes that extending one&#8217;s <a href="https://www.benzinga.com/general/24/02/37202142/elon-musk-believes-he-could-probably-extend-the-human-lifespan-and-solve-longevity-issues-but-i-dont">life span or health span</a> is a promising area for progress. "My opinion on the subject is that I think it's not that hard to solve," Musk told Diamandis.
Musk isn&#8217;t opposed to maintaining good health for a longer period. He balances embracing life and accepting its natural conclusion: &#8220;I certainly would like to maintain health for a longer period of time. But I am not afraid of dying. I think it would come as a relief.&#8221;
This perspective reflects Musk&#8217;s pragmatic approach to life and death. While he values health and vitality, he also recognizes mortality&#8217;s role in societal renewal and progress. This stance challenges the prevailing Silicon Valley ethos of conquering death through technology. It prompts us to consider the broader implications of radically extended lifespans for innovation, culture, and the natural evolution of ideas.
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</ul>

Startups

'I'd Prefer To Be Dead' – Elon Musk Isn't Interested In Living Forever: 'Most of the Time People Don't Change Their Mind, They Just Die'

TD Cowen analyst Lance Vitanza maintains Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) with a Buy and raises the price target from $89 to $93.

TD Cowen Maintains Buy on Vertiv Hldgs, Raises Price Target to $93

S&amp;P Global Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spgi#NYSE">SPGI</a>) is scheduled to release its second-quarter 2024 results on Jul 30, before market open.
SPGI has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the four trailing quarters, missing on one and meeting on another instance, the average earnings surprise being 3.4%.
<div class="chart_embed">
<h3>S&amp;P Global Inc. Price and EPS Surprise</h3>
<h3><img alt="S&amp;P Global Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e2/1721919476.png" style="height:263px; width:545px" title="" /></h3>
S&amp;P Global Inc. price-eps-surprise | S&amp;P Global Inc. Quote
</div>
<h3>Q2 Expectations</h3>
The Zacks Consensus Estimate for revenues is pegged at $3.4 billion, indicating an increase of 10.1% from the year-ago quarter&#39;s actual. The top line is expected to have gained primarily from transaction revenues in the Ratings division and subscription revenues across the entire company.
Our estimate for Mobility revenues indicates 9.1% growth from the year-ago quarter to $402.5 million. We expect continued growth of the Mobility division through business growth in products served by new car listings and CARFAX for Life, the addition of market scan, strong underwriting volumes, and price rise. Commodity Insights&#39; revenue estimates are pegged at $497.4 million, implying a 7.7% rise from the year-ago reported figure. Rising demand in Price Assessments and Energy, and Resources Data is anticipated to have driven this segment&#39;s revenues.
The estimate for Ratings revenues is pegged at $866.8 million, suggesting 1.9% growth from the year-ago quarter&#39;s actual. This segment&#39;s revenues are expected to have been driven by a surge in transaction revenues due to growth in refinancing activity that increased bank loans and high-yield issuance.
We anticipate Indices revenues of 373.9 million, indicating 7.5% growth from the year-ago reported figure. Strong growth in asset-linked fees that benefited from higher AUM and strength in Exchange Traded derivative revenues are estimated to have positively impacted this segment&#39;s revenues. Our estimate for Market Intelligence revenues for the second quarter of 2024 is pegged at $1.2 billion, rising 11.4% year over year. It is likely to have been caused by growth in revenues across the Data &amp; Advisory Solutions and Enterprise Solutions.
The consensus estimate for earnings per share is pegged at $3.6, up 15.4% on a year-over-year basis. Strong margins, driven by discipline on the expense side, are anticipated to have benefited the bottom line.
We expect adjusted EBITDA for the quarter to be $1.8 billion, increasing 3.1% from the year-ago quarter&#39;s reported number. The adjusted EBITDA margin is anticipated to be 53.7%, down from the year-ago quarter&#39;s actual of 55.4%.
<h3>What Our Model Predicts</h3>
Our model predicts a likely earnings beat for SPGI this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
SPGI has an Earnings ESP of +1.14% and a Zacks Rank of 2.
<h3>Other Stocks to Consider</h3>
Here are a few stocks from the broader Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season.
Booz Allen Hamilton (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bah#NYSE">BAH</a>): The Zacks Consensus Estimate for the company&#39;s second-quarter 2024 revenues is pegged at $2.9 billion, indicating 10.1% growth from the year-ago quarter&#39;s reported figure. For earnings, the consensus mark is pegged at $1.5 per share, suggesting a 3.4% rise from the year-ago quarter&#39;s actual. The company beat the consensus estimate in three of the past four quarters and missed in one, with an average surprise of 12.5%.
BAH currently has an Earnings ESP of +1.95% and a Zacks Rank of 2. The company is scheduled to post its second-quarter results on Jul 26.
SPX Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spxc#NYSE">SPXC</a>): The Zacks Consensus Estimate for the company&#39;s second-quarter 2024 revenues is pegged at $490.9 million, indicating 16% growth from the year-ago quarter&#39;s reported figure. For earnings, the consensus mark is pegged at $1.3 per share, suggesting an 18.9% rise from the year-ago quarter&#39;s actual. The company beat the consensus estimate in three of the past four quarters and met in one, with an average surprise of 13.9%.
SPXC currently has an Earnings ESP of +1.59% and a Zacks Rank of 2. The company is scheduled to declare its second-quarter results on Aug 1.
<a href="https://www.zacks.com/stock/news/2309345/s-p-global-spgi-to-report-q2-earnings-what-s-in-the-offing?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2309345">To read this article on Zacks.com click here.</a>

SPGI

SPXC

S&P Global to Report Q2 Earnings: What's in the Offing?

TD Cowen analyst Dan Brennan maintains Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) with a Buy and raises the price target from $648 to $658.

TD Cowen Maintains Buy on Thermo Fisher Scientific, Raises Price Target to $658

Politics

General

Manhattan DA Says Trump's Hush Money Conviction Should Stand; SCOTUS Ruling Has No Impact On Case

Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares are trading lower on Thursday. The technology giant is poised to receive its first <a href="https://www.benzinga.com/topic/european-union" target="_blank" rel="noreferrer noopener">EU antitrust fine </a>for linking its classified advertisements service, Marketplace, with its Facebook social network, Reuters writes in its exclusive report.
This decision from the European Commission comes more than 18 months after Meta was accused of unfairly bundling the <a target="_blank" href="https://www.benzinga.com/government/24/03/37911506/apple-meta-and-googles-alphabet-under-scrutiny-eu-launches-antitrust-probes" rel="noreferrer noopener">two services together</a>.
The EU competition authority claims Meta misused its dominance by imposing unfair trading conditions on rival online classified ad services that use Facebook or Instagram.
Meta could face a fine of up to $13.4 billion, representing 10% of its 2023 global revenue, although EU fines are typically much lower.
The European Commission is expected to issue its decision in September or October before EU antitrust chief Margrethe Vestager leaves office in November.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39958917/meta-oversight-board-calls-for-clearer-rules-against-ai-generated-pornographic-content" rel="noreferrer noopener">Meta Oversight Board Calls For Clearer Rules Against AI-Generated Pornographic Content</a>
Meta spokesperson Matt Pollard told Reuters, "The claims made by the European Commission are without foundation. We continue to work constructively with regulatory authorities to demonstrate that our product innovation is pro-consumer and pro-competitive."
Last year, Meta attempted to resolve the EU investigation by <a target="_blank" href="https://www.benzinga.com/markets/equities/23/11/35606796/tech-behemoths-bend-to-cma-rules-over-online-marketplace-meta-to-allow-opt-out-of-data-sharing-a" rel="noreferrer noopener">restricting the use of competitors' advertising data</a> for Facebook Marketplace, but the EU enforcer rejected this offer. However, the U.K. competition regulator accepted a similar proposal.
Earlier this month, the European Commission charged Meta with failing to comply with new tech regulations due to its recently introduced pay-or-consent <a target="_blank" href="https://www.benzinga.com/news/24/07/39569000/metas-pay-or-consent-model-to-draw-charges-from-eu-report" rel="noreferrer noopener">advertising model launched in November</a>.
Meta stock has gained more than 56% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Vanguard Communication Services ETF (VOX) and Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>).
Price Action: META shares are trading lower by 0.28% at $460.00 at the last check on Thursday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Tech

Media

What's Going On With Tech Giant Meta's Stock Today?

TD Cowen analyst Bill Kirk maintains Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) with a Hold and raises the price target from $38 to $39.

APAM

TD Cowen Maintains Hold on Artisan Partners Asset, Raises Price Target to $39

Gartner Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/it#NYSE">IT</a>) is scheduled to release its second-quarter 2024 results on Jul 30, before market open.
IT has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in the four trailing quarters, with an average surprise of 19.5%.
<div class="chart_embed">
<h3>Gartner, Inc. Price and EPS Surprise</h3>
<h3><img alt="Gartner, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/9c/1721919071.png" style="height:263px; width:545px" title="" /></h3>
Gartner, Inc. price-eps-surprise | Gartner, Inc. Quote
</div>
<h3>Q2 Expectations</h3>
The Zacks Consensus Estimate for the top line is pegged at $1.6 billion, indicating a 5.4% rise from the year-ago quarter&#39;s actual. The company&#39;s revenues are likely to have gained from the improvement in its segmental performance.
Subscription revenues and contract value are anticipated to have driven the research segment&#39;s revenues. The Conferences segment of the company delivers valuable insights to a highly engaged audience and is likely to have gained from the launch of conferences. Consulting assists clients in executing their strategic initiatives via deeper, extended project-based work. This segment&#39;s revenues are expected to have been driven by the demand for labor-based services in the digital transformation sphere and cost optimization. It is likely to have been aided by contract optimization.
The consensus estimate for earnings per share is pegged at $3, suggesting year-over-year growth of 6.7%. The bottom line is expected to have benefited from strong margins.
<h3>What Our Model Says</h3>
Our proven model does not predict an earnings beat for IT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
IT has an Earnings ESP of -2.86% and a Zacks Rank of 2.
<h3>Stocks to Consider</h3>
Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.
Block (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>): The Zacks Consensus Estimate for the company&#39;s second-quarter 2024 revenues is pegged at $6.2 billion, indicating year-over-year growth of 12.3%. For earnings, the consensus mark is pegged at 76 cents per share, suggesting a 94.9% rise from the year-ago quarter&#39;s actual. The company beat the consensus estimate in three of the past four quarters and missed in one, with an average surprise of 12.8%.
SQ currently has an Earnings ESP of +9.93% and a Zacks Rank of 2. The company is scheduled to declare its second-quarter results on Aug 1.
Trane Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tt#NYSE">TT</a>): The Zacks Consensus Estimate for the company&#39;s second-quarter 2024 revenues is pegged at $5.1 billion, indicating year-over-year growth of 8.7%. For earnings, the consensus mark is pegged at $3.1 per share, suggesting a 14.9% rise from the year-ago quarter&#39;s reported figure. The company beat the consensus estimate in the past four quarters. It has an average surprise of 7.5%.
TT currently carries an Earnings ESP of +0.95% and a Zacks Rank of 2. The company is scheduled to declare its second-quarter results on Jul 31.
<a href="https://www.zacks.com/stock/news/2309344/gartner-it-to-report-q2-earnings-what-s-in-the-offing?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2309344">To read this article on Zacks.com click here.</a>

Gartner to Report Q2 Earnings: What's in the Offing?

UBS Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) has outperformed the market over the past 5 years by 9.39% on an annualized basis producing an average annual return of 21.86%. Currently, UBS Gr has a market capitalization of $96.06 billion. 
Buying $1000 In UBS: If an investor had bought $1000 of UBS stock 5 years ago, it would be worth $2,661.53 today based on a price of $29.96 for UBS at the time of writing.
<h3>UBS Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721935842_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,700 Today

T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) has outperformed the market over the past 10 years by 8.32% on an annualized basis producing an average annual return of 18.95%. Currently, T-Mobile US has a market capitalization of $206.25 billion. 
Buying $1000 In TMUS: If an investor had bought $1000 of TMUS stock 10 years ago, it would be worth $5,636.32 today based on a price of $175.51 for TMUS at the time of writing.
<h3>T-Mobile US's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721935837_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TMUS

Here's How Much $1000 Invested In T-Mobile US 10 Years Ago Would Be Worth Today

Onto Innovation's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) short percent of float has fallen 44.81% since its last report. The company recently reported that it has 818 thousand shares sold short, which is 2.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.28 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Onto Innovation Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721935822_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Onto Innovation has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Onto Innovation's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Onto Innovation's peer group average for short interest as a percentage of float is 6.96%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

ONTO

(ONTO) - Analyzing Onto Innovation's Short Interest

Equinix's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NYSE">EQIX</a>) short percent of float has fallen 7.55% since its last report. The company recently reported that it has 1.61 million shares sold short, which is 1.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.52 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Equinix Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721935816_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Equinix has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Equinix's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Equinix's peer group average for short interest as a percentage of float is 4.52%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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