Latest news for Namliong SkyCosmos (OTC:NLSC) Stock

Namliong SkyCosmos Inc is a supply chain system company. Along with its subsidiary, the company assists customers in establishing a supply chain system and provides assistance in the following business sectors: textile products; green building materials; machinery and equipment; generators; coal trading; and bioenergy and diesel. It also provides consulting services to other developers and operators of other companies related to the planning, marketing, and operating of solutions.

NAMLIONG SKYCOSMOS by Namliong SkyCosmos Inc.

Namliong SkyCosmos Inc

Piper Sandler analyst Matthew Clark maintains East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) with a Neutral and raises the price target from $72.5 to $92.

News

Price Target

Analyst Ratings

EWBC

Piper Sandler Maintains Neutral on East West Bancorp, Raises Price Target to $92

AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)&nbsp;reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39927014/at-t-second-quarter-results-demonstrate-consistent-strong-5g-and-fiber-customer-growth" rel="noreferrer noopener">analyst consensus estimate of $29.9 billion</a>.
Adjusted EPS of $0.57 is in line with the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a>. The stock price gained after the print.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39746837/at-t-and-snowflake-stocks-slide-on-friday-whats-going-on" rel="noreferrer noopener">AT&amp;T and Snowflake Hit by Cyberattack, Millions of Customers Affected</a>
In the Mobility segment, AT&amp;T clocked 997 thousand wireless net adds, including 419 thousand postpaid phone net adds, beating analyst estimates of 279 thousand, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-24/at-t-mobile-phone-subscribers-surge-in-response-to-promotions?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) reported postpaid phone net additions of 148 thousand, surpassing forecasts of 118 thousand <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39883078/verizon-q2-earnings-wireless-revenue-and-broadband-subs-gain-traction-sales-fall-short-of-expectati" rel="noreferrer noopener">for the quarter</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24073229/newplot-57.png" alt="" class="wp-image-453778" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24073229/newplot-57.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24073229/newplot-57-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
AT&amp;T has attracted budget-conscious customers with its lower-priced unlimited plans, standing out amid fierce competition, CNBC <a href="https://www.cnbc.com/2024/07/24/att-t-q2-earnings.html" target="_blank" rel="noreferrer noopener">reports</a>. 
AT&amp;T&#8217;s mobility segment saw a postpaid churn of 0.85% versus 0.95% a year ago. The Consumer Wireline segment had 239 thousand AT&amp;T Fiber net adds, implying fiber broadband net additions lagging behind analyst estimates of 253 thousand. Verizon reported 391 thousand total broadband net additions.
The company reported 139 thousand AT&amp;T Internet Air net adds.
AT&amp;T&#8217;s adjusted EBITDA of $11.3 billion was up from $11.1 billion a year ago.&nbsp;It spent $4.4 billion on Capex.
The company generated $9.1 billion in operating cash flow (down from $9.9 billion in the year-ago quarter) and $4.6 billion in free cash flow (up from $4.2 billion last year).
Currently, AT&amp;T&#8217;s dividend yield stands at 6.10%. Higher free cash flows allow the company to raise&nbsp;shareholder returns&nbsp;through higher stock buybacks and dividends.
Prepaid churn&nbsp;was 2.57% compared to 2.50% in the year-ago quarter. Postpaid phone-only ARPU&nbsp;was $56.42, up 1.4% compared to the year-ago quarter.
Operating Income: Operating income was $5.8 billion versus $6.4 billion a year ago.
Mobility segment operating income was up 1.6%&nbsp;year over year&nbsp;to $6.72 billion, with a margin of 32.8% compared to 32.6% in the year-ago quarter.
The Business Wireline segment operating margin was 2.1% compared to 7.5% in the year-ago quarter. The Consumer Wireline segment operating margin was 5.5% compared to 5.2% in the year-ago quarter.
FY24 Outlook: AT&amp;T reiterated&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38403291/at-ts-q1-operating-cash-flow-and-free-cash-flow-got-a-boost-does-it-make-a-case-for-higher-dividend" rel="noreferrer noopener">Wireless service revenue</a> growth in the 3% range, Broadband revenue growth of 7%+, and adjusted EPS of $2.15 – $2.25 versus&nbsp;the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$2.22 consensus</a>.
It maintained full-year adjusted EBITDA growth in the 3% range and a full-year free cash flow of $17 billion-$18 billion.
For 2025, the company affirmed the adjusted EPS growth guidance.
Price Action: T shares traded higher by 2.86% at $18.74 in the premarket&nbsp;at&nbsp;the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39908857/comcasts-q2-earnings-studios-and-theme-parks-pull-revenue-lower-broadband-and-video-subs-fall" target="_blank" rel="noreferrer noopener">Comcast&#8217;sComcast&#8217;s Q2 Earnings: Studios And Theme Parks Pull Revenue Lower, Broadband And Video Subs Fall</a></li>
</ul>
Photo by 2p2play via Shutterstock

Earnings

Guidance

Movers

Tech

Media

AT&T Q2 Earnings: Strong Wireless Net Adds, Higher Free Cash Flow, Stable Annual Outlook

United Community Banks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCBI#NASDAQ">UCBI</a>) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.51 by 13.73 percent. This is a 5.45 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $245.256 million which beat the analyst consensus estimate of $238.951 million by 2.64 percent. This is a 3.63 percent increase over sales of $236.673 million the same period last year.

Earnings Beats

UCBI

United Community Banks Q2 2024 Adj EPS $0.58 Beats $0.51 Estimate, Sales $245.256M Beat $238.951M Estimate

Piper Sandler analyst Crispin Love maintains PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Neutral and lowers the price target from $15 to $14.5.

Piper Sandler Maintains Neutral on PennyMac Mortgage IT, Lowers Price Target to $14.5

Tesla Inc CEO Elon Musk agreed with <a href="https://www.benzinga.com/news/23/08/33747464/musk-vs-zuckerberg-fight-epic-cage-match-to-be-set-in-ancient-italian-venue-and-streamed-live-on-x-a">his arch-rival</a> Mark Zuckerberg&#8217;s critique of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), raising questions about the tech giant&#8217;s ability to maintain its position amid growing hostilities.
What Happened: On Tuesday, Musk took to X, formerly Twitter, to express his agreement with Zuckerberg&#8217;s recent comments about Apple. Responding to a user who said Tim Cook-led Apple is making too many enemies, Musk said he's doing something similar, too.
&#8220;I think the same thing about myself tbh,&#8221; Musk said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think the same thing about myself tbh
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1815935650371076590?ref_src=twsrc%5Etfw">July 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk, like Apple, has been at the center of controversies, ranging from his <a href="https://www.benzinga.com/news/24/06/39323339/tesla-shareholders-approve-elon-musk-56b-pay-package-other-company-proposals">$56 billion pay package</a> as Tesla Inc. CEO to his ownership of X and the ensuing <a href="https://www.benzinga.com/news/24/03/38012210/elon-musk-slams-mark-zuckerbergs-meta-for-falsely-taking-credit-for-x-sales-after-facebook-instagram">battle with advertisers</a> on the social media platform.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
This surprising alignment comes despite Musk&#8217;s history of disagreements with the Facebook co-founder, including a <a href="https://www.benzinga.com/news/23/08/33699214/elon-musk-thinks-an-unconventional-cage-match-debate-with-zuckerberg-is-a-good-idea">challenge to a cage match</a> over Zuckerberg&#8217;s decision to compete against Musk&#8217;s X with Threads.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39877439/elon-musk-jokes-hes-an-alien-scientist-with-a-japanese-pseudonym-but-dogecoin-designer-cla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Jokes He&#8217;s An &#8216;Alien Scientist With A Japanese Pseudonym&#8217;</a>
Why It Matters: The tweet appears to be in response to <a href="https://www.benzinga.com/news/24/07/39926076/mark-zuckerberg-slams-tim-cooks-apple-after-cupertino-reportedly-rejected-its-iphone-ai-partnership">Zuckerberg&#8217;s recent remarks</a> about Apple&#8217;s rejection of an AI partnership on iPhone deals. Zuckerberg had stated, "They wanted to put us in a box because they view us as competitive."
Apple had <a href="https://www.benzinga.com/news/24/06/39470144/apple-reportedly-said-no-to-metas-offer-for-iphone-ai-integration-due-to-privacy-policy-concerns">reportedly rejected</a> Meta's AI partnership proposal over privacy concerns.
The iPhone maker has also been at the center of the European Union's scrutiny over multiple issues, ranging from the <a href="https://www.benzinga.com/news/23/09/34475640/heres-why-apple-took-8-years-to-bring-usb-c-to-iphone-despite-contributing-to-its-development">iPhone's charging port</a> to its services like <a href="https://www.benzinga.com/news/24/02/37031233/apple-begins-rolling-out-changes-to-support-alternative-app-stores-in-eu">the App Store</a> and <a href="https://www.benzinga.com/markets/equities/24/03/37454551/apple-hit-with-a-1-95b-fine-in-eu-in-spotify-antitrust-case">Apple Music</a>, among other issues.
Musk&#8217;s agreement with Zuckerberg&#8217;s critique comes shortly after the <a href="https://www.benzinga.com/news/24/07/39881748/elon-musks-xai-flips-the-switch-on-100k-nvidia-h100-gpus-worth-up-to-4b-in-memphis-supercluster-most">successful initiation</a> of the training of the Memphis Supercluster, touted as the &#8220;most powerful AI training cluster in the world,&#8221; by Musk&#8217;s AI startup, xAI, and Nvidia Corp.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39922283/elon-musk-is-polling-x-and-asking-if-tesla-should-invest-5b-in-grok-parent-xai-this-is-just-to-test">Elon Musk Is Polling X And Asking If Tesla Should Invest $5B In Grok Parent xAI: &#8216;This Is Just To Test The Waters&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock

AAPL

Elon Musk Agrees With Mark Zuckerberg On Apple, Tesla CEO Wonders How Many Enemies He Can Make And Survive

WIIM

NTBL

Notable Labs shares are trading lower. The company announced progress for its Phase 2 volasertib program.

PROG Raises FY24 Adj EPS Outlook From $2.85 - 43.10 To $3.25 - $3.40 Vs. $2.97 Est.

JMP Securities analyst Nicholas Jones maintains CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) with a Market Outperform and lowers the price target from $110 to $90.

CSGP

JMP Securities Maintains Market Outperform on CoStar Gr, Lowers Price Target to $90

PROG Raises FY24 Revenue Outlook From $2.285B - $2.36B To $2.4B - $2.45B Vs. $2.35B Est.

Piper Sandler analyst Kashy Harrison maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Neutral and lowers the price target from $120 to $115.

ENPH

Piper Sandler Maintains Neutral on Enphase Energy, Lowers Price Target to $115

VSTM

Verastem shares are trading lower after the company announced it priced its $55 million public offering of 13,333,334 of its common stocks and accompanying warrants at $3.00 per share and accompanying warrant.

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. `
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)</h3>
<ul>
<li>On July 22, India's antitrust body has raised concerns about the $8.5 billion merger between Disney's media assets and Reliance Industries. The company's stock fell around 11% over the past month and has a <a href="https://www.benzinga.com/quote/DIS">52-week low of $78.73</a>.</li>
<li>RSI Value: 20.76</li>
<li>DIS Price Action: Shares of Disney fell 3.4% to close at $90.94 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">latest Disney news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="671" height="711" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24074736/Screenshot-2024-07-24-at-5.17.26-PM.png" alt="" class="wp-image-453821" style="width:422px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24074736/Screenshot-2024-07-24-at-5.17.26-PM.png 671w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24074736/Screenshot-2024-07-24-at-5.17.26-PM-283x300.png 283w" sizes="(max-width: 671px) 100vw, 671px" /></a></figure>
<h3 class="wp-block-heading">IQIYI Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>)&nbsp;&nbsp;</h3>
<ul>
<li>On July 23, HSBC analyst Charlene Liu downgraded iQIYI from Hold to Reduce and lowered the price target from $4.7 to $3. The company's stock fell around 15% over the past five days. It <a href="https://www.benzinga.com/quote/IQ">has a 52-week low</a> of $3.06.</li>
<li>RSI Value: 26.29</li>
<li>IQ Price Action: Shares of IQIYI fell 6.5% to close at $3.16 on Tuesday.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">trend in IQIYI stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="690" height="753" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24074814/Screenshot-2024-07-24-at-5.18.08-PM.png" alt="" class="wp-image-453822" style="width:442px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24074814/Screenshot-2024-07-24-at-5.18.08-PM.png 690w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24074814/Screenshot-2024-07-24-at-5.18.08-PM-275x300.png 275w" sizes="(max-width: 690px) 100vw, 690px" /></a></figure>
<h3 class="wp-block-heading">Kanzhun Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>)</h3>
<ul>
<li>On May 21, Kanzhun posted upbeat quarterly results. Mr. Jonathan Peng Zhao, Founder, Chairman and Chief Executive Officer of the Company, remarked, &#8220;We are pleased to have achieved a strong start in the first quarter, with all financial metrics exceeding management&#8217;s expectations. In the meantime, our user scale and number of paid enterprise customers continue to grow.&#8221; The company's stock dipped around 22% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/BZ">low of $12.57</a>.</li>
<li>RSI Value: 24.19</li>
<li>BZ Price Action: Shares of Kanzhun fell 0.8% to close at $15.93 on Tuesday.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">breakout in BZ shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="661" height="737" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24074844/Screenshot-2024-07-24-at-5.18.37-PM.png" alt="" class="wp-image-453823" style="width:425px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24074844/Screenshot-2024-07-24-at-5.18.37-PM.png 661w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24074844/Screenshot-2024-07-24-at-5.18.37-PM-269x300.png 269w" sizes="(max-width: 661px) 100vw, 661px" /></a></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39907046/best-buy-kroger-and-2-other-stocks-insiders-are-selling">Best Buy, Kroger And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Long Ideas

Pre-Market Outlook

Markets

Trading Ideas

Top 3 Tech And Telecom Stocks That Are Set To Fly In July

JMP Securities analyst Matthew Carletti maintains Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) with a Market Outperform and raises the price target from $280 to $300.

JMP Securities Maintains Market Outperform on Chubb, Raises Price Target to $300

PROG Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRG#NYSE">PRG</a>) reported quarterly earnings of $0.92 per share which beat the analyst consensus estimate of $0.72 by 27.78 percent. This is unchanged from the same period last year. The company reported quarterly sales of $592.16 million which beat the analyst consensus estimate of $571.24 million by 3.66 percent. This is a 0.12 percent decrease over sales of $592.85 million the same period last year.

PROG Holdings Q2 Adj $0.92 Beats $0.72 Estimate, Sales $592.16M Beat $571.24M Estimate

Piper Sandler analyst Alexander Potter maintains Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Overweight and raises the price target from $205 to $300.

TSLA

Piper Sandler Maintains Overweight on Tesla, Raises Price Target to $300

PIRS

Pieris Pharmaceuticals shares are trading higher after the company announced that the company entered into a definitive merger agreement with Palvella Therapeutics.

Jacobs Was Awarded The Competitive Federal Bureau Of Investigation Information Technology Supplies And Support Services 2nd Generation Blanket Purchase Agreement (BPA)

Garmin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) today announced a collaboration with Arctic Cat&reg; Inc., a Textron Inc. company and one of the most respected names in snowmobiles and powersports, to equip select 2025 snowmobile models with the Arctic Cat G8 display powered by Garmin. Using Garmin Tread&reg; GPS technology, the Arctic Cat G8 is an innovative, all-in-one solution that combines cutting-edge navigation with advanced vehicle performance information as well as a Group Ride Radio feature to stay in touch with fellow snowmobilers.

GRMN

Garmin Announced Collaboration With Arctic Cat On Snowmobile Display

Guggenheim analyst Sandy Draper maintains Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) with a Buy and lowers the price target from $464 to $432.

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