Summary of Jay Cooke Insights (2024-07-17)
AInvestThursday, Jul 18, 2024 2:29 am ET
1min read
SLG --
UAL --
UBER --

· SL Green Realty Corp (SLG) reported robust Q2 earnings, exceeding expectations with FFO of $2.05 per share and revenues of $222.82 million, despite a slight decline in Manhattan office occupancy to 89.6%. The company's financial performance showed a mix of strengths and challenges, driven by gains on discounted debt extinguishments and cost management efforts. SLG's guidance for FY24 remains optimistic, with an increase in the FFO per share range to $7.45-$7.75, reflecting the outperformance of their real estate portfolio and additional fee generation from SUMMIT One Vanderbilt project.

Link: https://www.ainvest.com/news/slg-manhattan-s-largest-office-landlord-outpaces-expectations-despite-occupancy-concerns-240710100a792024a2b416d3

· United Airlines' Q2 earnings surpassed expectations due to strategic initiatives, revenue diversification, and efficient cost management. The company's strong performance is expected to continue as industry-wide capacity issues ease by mid-August, positioning United for significant benefits. United Airlines Holdings(UAL)

Link: https://www.ainvest.com/news/united-airlines-misses-top-line-expectations-sees-mid-august-as-a-pivotal-moment-for-capacity-issues-240710100f7c3dbffd2cc49b

· Domino's Pizza (DPZ) is set to release Q2 earnings, with analysts expecting a 19% EPS growth and 7% revenue increase year-over-year. The company has shown improvement in US same-store sales and order counts, driven by its strategic initiatives and marketing efforts. With a history of beating EPS expectations and innovative partnerships like Uber Eats, Domino's is well-positioned to navigate the market environment. However, investor sentiment is tempered due to recent pullbacks, making it an attractive entry point for those confident in the company's long-term growth prospects. Domino'S Pizza(DPZ)

Link: https://www.ainvest.com/news/domino-s-pizza-dpz-evaluating-growth-prospects-ahead-of-q2-earnings-24071010c11e4b2435265597

· D.R. Horton's Q3 2024 earnings release is expected to navigate market challenges, with analysts predicting EPS of $3.78 despite a softened housing market demand. The company's history of beating earnings estimates provides hope, but recent trends have been mixed, with Q2'2024 driven by increased home deliveries and Q1'2024 impacted by supply chain disruptions. Investors will closely monitor the report for guidance on financial performance, strategic assets, and market share. D.R. Horton(DHI)

Link: https://www.ainvest.com/news/2024-earnings-preview-d-r-horton-dhi-navigating-market-challenges-in-q3-24071010f65b174ef8d49143

· ASML's Q2 earnings surpassed expectations, but a cautious outlook and potential export restrictions led to a 7% stock decline. The company's CEO highlighted uncertainties driven by macroeconomic environment, while analyst Sara Russo remains optimistic with an outperform rating. ASML Holding(ASML)

Link: https://www.ainvest.com/news/asml-slides-7-on-cautious-outlook-and-potential-export-restrictions-24071010cb195c56b8082fea

· Johnson & Johnson (JNJ) reported strong Q2 earnings, beating estimates, but lowered FY24 EPS guidance due to recent acquisitions' impact. Despite this, CEO Duato remains optimistic about future growth driven by a robust pipeline and expanding product lines. Johnson & Johnson(JNJ)

Link: https://www.ainvest.com/news/jnj-shares-slip-on-cautious-outlook-240710108bc3a33921d11dae

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.