Stocks Soar: ServiceNow Leads with 13% Surge Amid Strong Q2 Results
Generated by AI AgentAinvest Market Brief
Thursday, Jul 25, 2024 6:30 pm ET1min read
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1. Servicenow (NYSE: NOW)
Servicenow surged by 13.31%. ServiceNow reported its second-quarter fiscal 2024 results on July 24, showing stronger-than-expected sales and order volumes. Baird, JP Morgan, and Canaccord Genuity all maintained their positive ratings on the company, with Baird setting a new price target of $900.
2. Cbre Group (NYSE: CBRE)
Cbre Group surged by 9.22%. Raymond James and Keefe, Bruyette & Woods maintain their ratings on CBRE GROUP with price targets of $124.00 and $110.00, respectively. CBRE GROUP reported its second-quarter fiscal 2024 results on July 25. UBS maintains a neutral rating on CBRE GROUP with a price target of $95.00.
3. Rtx (NYSE: RTX)
Rtx surged by 8.21%. Raytheon Technologies (RTX) reported strong Q2 fiscal 2024 earnings, surpassing expectations due to increased aviation demand. The company also secured a $1.2 billion missile defense contract with Germany. Wells Fargo revised RTX's earning forecasts downward citing potential underperformance but maintained an overweight rating with a $141 target price.
4. Nasdaq (Nasdaq: NDAQ)
Nasdaq surged by 7.22%. Nasdaq will report its Second Quarter financial results for fiscal 2024 before the market opens on July 25, 2024. Barclays maintains an overweight rating with a price target of $74. Nasdaq Stockholm was fined $9.59 million by Swedish regulators for multiple violations.
5. Northrop Grumman (NYSE: NOC)
Northrop Grumman surged by 6.43%. Northrop Grumman reported its Second Quarter fiscal 2024 results on July 25, 2024. BTIG initiated coverage on Northrop Grumman with a buy rating and set a $565.00 price target. Bernstein downgraded Northrop Grumman to Market Perform with a $477.00 price target.
Servicenow surged by 13.31%. ServiceNow reported its second-quarter fiscal 2024 results on July 24, showing stronger-than-expected sales and order volumes. Baird, JP Morgan, and Canaccord Genuity all maintained their positive ratings on the company, with Baird setting a new price target of $900.
2. Cbre Group (NYSE: CBRE)
Cbre Group surged by 9.22%. Raymond James and Keefe, Bruyette & Woods maintain their ratings on CBRE GROUP with price targets of $124.00 and $110.00, respectively. CBRE GROUP reported its second-quarter fiscal 2024 results on July 25. UBS maintains a neutral rating on CBRE GROUP with a price target of $95.00.
3. Rtx (NYSE: RTX)
Rtx surged by 8.21%. Raytheon Technologies (RTX) reported strong Q2 fiscal 2024 earnings, surpassing expectations due to increased aviation demand. The company also secured a $1.2 billion missile defense contract with Germany. Wells Fargo revised RTX's earning forecasts downward citing potential underperformance but maintained an overweight rating with a $141 target price.
4. Nasdaq (Nasdaq: NDAQ)
Nasdaq surged by 7.22%. Nasdaq will report its Second Quarter financial results for fiscal 2024 before the market opens on July 25, 2024. Barclays maintains an overweight rating with a price target of $74. Nasdaq Stockholm was fined $9.59 million by Swedish regulators for multiple violations.
5. Northrop Grumman (NYSE: NOC)
Northrop Grumman surged by 6.43%. Northrop Grumman reported its Second Quarter fiscal 2024 results on July 25, 2024. BTIG initiated coverage on Northrop Grumman with a buy rating and set a $565.00 price target. Bernstein downgraded Northrop Grumman to Market Perform with a $477.00 price target.
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