Streetbeat News

Earnings

AAPL

BMY

GILD

GOOGL

MSFT

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SPY

VRTX

Goldman Sachs has raised its 12-month price target for the S&P 500 to 6,300, driven by strong AI demand and margin expansion. The firm highlights the role of mega-cap tech firms and the recovery in the semiconductor sector as key drivers. The S&P 500's EPS is projected to rise significantly, with a focus on technology and healthcare sectors.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 1:34 pm

TTOO

T2 Biosystems reported preliminary Q3 revenue of $2.0 million, falling short of the estimated $2.8 million.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:11 pm

BJ

CALM

Cal-Maine Foods and BJ's Wholesale Club are identified as overbought stocks in the consumer staples sector, with high RSI values indicating potential short-term price corrections.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 1:05 pm

LCID

Lucid Group reported its Q3 production and delivery numbers, producing 1,805 vehicles and delivering 2,781 vehicles. This indicates a higher delivery rate compared to production, which could impact inventory levels and future production strategies.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:01 pm

BKD

Brookdale Senior Living (NYSE:BKD) has received mixed analyst ratings over the past three months, with a recent shift towards a more bearish outlook. Analysts have set a 12-month price target range of $6.00 to $9.00, with an average target of $8.00, reflecting a 5.21% decline from previous estimates. The company's financials show challenges in profitability and debt management, with a net margin of -4.85% and a debt-to-equity ratio of 13.74.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 1:00 pm

ARES

C

CRWD

DECK

On CNBC's 'Halftime Report Final Trades,' experts highlighted Deckers Outdoor Corporation, Citigroup, Ares Management, and CrowdStrike Holdings. Deckers announced a stock split, Citigroup partnered with Apollo for a $25 billion lending program, Ares Management is set to report earnings, and CrowdStrike expanded its Marketplace.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 12:51 pm

PRE

Prenetics Global reported a Q2 EPS of $(0.88), beating the estimate of $(0.93), but sales of $5.94M missed the $7.70M estimate. EPS improved from last year, but sales declined.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:42 pm

LGCY

Legacy Education (AMEX:LGCY) reported a 25% increase in Q4 EPS to $0.10 and a 34.10% increase in sales to $12.75M compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:38 pm

PRE

Prenetics Global reported Q2 sales of $5.9 million, missing the analyst consensus estimate of $7.7 million by 23.38%. Despite the miss, sales increased by 3.58% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:35 pm

PEP

PepsiCo, Inc. (NASDAQ:PEP) is set to release its Q3 earnings on Oct. 8, with expected earnings of $2.29 per share and revenue of $23.82 billion. The company offers a 3.23% annual dividend yield, translating to $1.3550 per share quarterly. Analysts have recently adjusted their price targets for PepsiCo, with RBC Capital lowering it to $176 and Barclays to $186.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 12:34 pm