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It’s earnings season and that’s what is driving retail sentiment on Stocktwits. Tesla, Alphabet, Vertiv Holdings, General Motors and Thermo Fisher Scientific were among the stocks that were trending in the pre-market session. Let’s take a look at what’s driving the retail sentiment.1. Tesla: A lot of things are happening with Tesla. First, the EV-maker reported adjusted earnings per share (EPS) of $0.52, lower than a Street estimate of $0.62. Although revenue came in at $25.5 billion, higher than an estimate of $24.33 billion, the firm reported its worst profit margins in five years dragged by price cuts and increased spending on artificial intelligence. Shares of the EV-maker fell over 8% in Wednesday’s pre-market session. Despite the prevailing negative sentiment on Wall Street, retail investors are bullish on the stock (69/100) according to data recorded at 7:13 a.m. EST.<figure class="image"><img style="aspect-ratio:789/230;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_24_at_8_31_12_AM_17e9f1abd7.png" alt="Retail sentiment trends in bullish territory for Tesla despite disappointing earnings" width="789" height="230"><figcaption>Retail sentiment trends in bullish territory for Tesla despite disappointing earnings</figcaption></figure>2. Alphabet: The Google parent company topped analyst estimates on multiple counts. Revenue came in at $84.74 billion as compared to a Street estimate of $84.19 billion. EPS for the quarter stood at $1.89 as compared to a Street estimate of $1.84. The one metric where the firm didn’t meet analyst expectations was YouTube ad revenue which came in at $8.66 billion as compared to a Street estimate of $8.93 billion. Retail investors, however, seem to be ignoring the blip with the sentiment meter trending in the extremely bullish territory (87/100) supported by extremely high message volumes.3. Vertiv Holdings Co: Retail investors turned extremely bullish (77/100) on the stock after the firm topped analyst estimates on multiple metrics during the second quarter. EPS came in at $0.67 compared to a Street estimate of $0.57. The company declared a revenue of $1.95 billion as compared with an estimate of $1.94 billion. Vertiv Holdings also reported an adjusted operating margin of 19.6%, which rose 510 basis points compared to the second quarter of 2023. The firm raised 2024 net sales guidance to $7.67 million at the midpoint, $50 million higher than prior guidance.<figure class="image"><img style="aspect-ratio:793/227;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_24_at_8_32_27_AM_4caf9e8136.png" alt="Retail sentiment trends in extremely bullish territory for Vertiv Holdings" width="793" height="227"><figcaption>Retail sentiment trends in extremely bullish territory for Vertiv Holdings</figcaption></figure>4. General Motors: The automaker reported a revenue of $47.97 billion during the second quarter, higher than a Street estimate of $45.46 billion. Adjusted EPS came in at $3.06, beating an estimate of $2.75. GM’s revenue was 7.20% higher on a year-over-year (YoY) basis while its EPS was up over 60%. Retail sentiment is trending in extremely bullish territory (87/100) supported by one-year high message volumes.5. Thermo Fisher Scientific: The clinical research firm posted better-than-expected earnings for the second quarter. Adjusted EPS came in at $5.37 as compared to a Street estimate of $5.12. Revenue came in at $10.54 billion as compared to an estimate of $10.50 billion. For the full year, the firm projects revenue to be in the range of $42.40 to $43.30 billion, compared to the previous guidance of $42.30 to $43.30 billion. However, despite the positive earnings, retail sentiment was trending in the bearish territory (31/100) for the stock as of 7:41 a.m. EST. &nbsp;

Why Tesla, Alphabet, Vertiv Holdings, General Motors and Thermo Fisher Scientific Trending On Wednesday Morning

While retail investors are seeing the bull case in Tesla, Alphabet, Vertiv Holdings, and General Motors, they are not showing the same enthusiasm for Thermo Fisher Scientific in Wednesday’s pre-market session

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Thermo Fisher Scientific Declares Quarterly Dividend

Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that its Board of Directors authorized a quarterly cash dividend of $0.39 per common share, payable on...

Thermo Fisher Scientific, Inc. engages in the provision of analytical instruments, equipment, reagents and consumables, software, and services for research, analysis, discovery, and diagnostics. It operates through the following segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services. The Life Sciences Solutions segment is composed of a portfolio of reagents, instruments, and consumables used in biological and medical research, discovery and production of new drugs and vaccines, as well as diagnosis of infection and disease. The Analytical Instruments segment offers instruments, consumables, software, and services that are used for a range of applications in the laboratory, on the production line, and in the field. The Specialty Diagnostics segment provides diagnostic test kits, reagents, culture media, instruments, and associated products used to increase the speed and accuracy of diagnoses. The Laboratory Products and Services segment is involved in providing everything needed for the laboratory, including a combination of self-manufactured and sourced products for customers in research, academic, government, industrial, and healthcare settings. The company was founded on October 11, 1960 and is headquartered in Waltham, MA.

Volume	2.72M
52-Wk High	$603.82
52-Wk Low	$415.60

TMO Thermo Fisher Scientific Inc.

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