Streetbeat News

Earnings

SCI

Service Corp International (NYSE:SCI) reported better-than-expected Q3 earnings per share, leading analysts to raise their price targets. Despite missing sales estimates, the company saw stable profits and positive impacts from a new marketing agreement. SCI shares rose slightly following the news.

Portfolio Pulse from Avi Kapoor

November 01, 2024 | 6:28 pm

BMY

Bristol Myers Squibb (BMY) reported Q3 revenues of $11.89 billion, surpassing expectations. Growth was driven by its Growth Portfolio and Eliquis. Analysts are cautious about the new schizophrenia treatment, KarXT (Cobenfy), with significant revenue expected post-2025. BMY stock is down 1.91%.

Portfolio Pulse from Vandana Singh

November 01, 2024 | 6:25 pm

X

US Steel reported Q3 earnings with a profit of 56 cents per share, surpassing expectations. Revenue was $3.85 billion, also exceeding forecasts. The company raised its 2024 capex to $2.3 billion due to cost overruns, with plans to reduce it in 2025. Analysts have mixed views, with some concerns about pricing and regulatory issues.

Portfolio Pulse from Henry Khederian

November 01, 2024 | 6:04 pm

COP

IEO

OILT

ConocoPhillips reported mixed Q3 results with an EPS beat but revenue miss. The company increased its dividend by 34% and raised its FY24 production outlook. Analysts are optimistic about future free cash flow and stock buybacks, with a Buy rating and $138 price target from Truist Securities. ConocoPhillips' shares are down 1.66% at $107.71.

Portfolio Pulse from Lekha Gupta

November 01, 2024 | 6:02 pm

AME

AMETEK (NYSE:AME) received mixed ratings from 5 analysts, with a majority being bullish. The average 12-month price target increased to $190.8. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance. AMETEK's financials show strong profitability and efficient asset use, with a focus on growth through acquisitions and new product development.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 6:02 pm

AAPL

AMZN

INTC

QQQ

SPY

TEAM

XLU

XLY

Tech stocks surged on Friday, led by Amazon's strong earnings, but the S&P 500 is set for a second weekly decline. Amazon shares rose over 6%, boosting the tech sector. The Nasdaq 100 outperformed the S&P 500. Economic data showed weak job growth, but the unemployment rate remained steady. Major ETFs like SPY, DIA, and QQQ saw gains, while XLY outperformed and XLU lagged. Notable stock movers included Apple, Intel, and Atlassian.

Portfolio Pulse from Piero Cingari

November 01, 2024 | 6:01 pm

MET

MetLife Inc. (NYSE:MET) shares have dropped 7.31% recently, despite a 30% increase over the past year. The company's P/E ratio of 22.6 is higher than the insurance industry average of 19.3, suggesting potential overvaluation or better future performance. Investors should consider multiple metrics for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 5:45 pm

UBER

Uber Technologies, Inc. reported a 20% revenue growth in Q3 2024, surpassing analyst expectations. Despite a 9% stock price decline due to mixed results, analysts see potential in Uber's strong market position, cost discipline, and autonomous vehicle partnerships. Analysts have varied price targets, reflecting both optimism and caution regarding Uber's growth prospects.

Portfolio Pulse from Anusuya Lahiri

November 01, 2024 | 5:44 pm

USM

United States Cellular Inc. (NYSE:USM) has seen a recent stock price decrease of 1.62% to $60.80, but has increased by 5.15% over the past month and 37.70% over the past year. The company's P/E ratio of 74.46 is significantly higher than the industry average of 19.65, suggesting potential overvaluation or expected better performance.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 5:30 pm

META

Meta Platforms Inc.'s Reality Labs reported a $4.4 billion loss in Q3 2024, marking the third consecutive quarterly loss. Despite this, revenue increased by 29% due to strong hardware sales. Meta plans significant investment in Reality Labs, expecting higher losses in 2024.

Portfolio Pulse from Franca Quarneti

November 01, 2024 | 5:11 pm