Streetbeat News

Earnings

SDVKY

Sandvik reported Q3 adjusted EPS of $0.28, missing the $0.30 estimate, and sales of $2.91B, missing the $3.01B estimate. Both figures show a slight decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 9:36 am

LU

Lufax Holding reported its Q3 2024 financial results, showing a GAAP EPADS of $(0.16) and sales of $789.928 million, both missing the estimates of $853.934 million.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:38 am

AXP

UBS

American Express (AXP) is set to become the sole owner of Swisscard as UBS (UBS) sells its 50% stake. This move aligns with UBS's strategy post-Credit Suisse acquisition. Despite mixed Q3 results, American Express shows potential for future performance improvements.

Portfolio Pulse from Benzinga Neuro

October 21, 2024 | 8:10 am

ZION

Zions Bancorporation (NASDAQ:ZION) is set to release its Q3 earnings on Oct. 21, with expectations of $1.17 EPS and $778.86 million in revenue. Recent analyst actions include price target cuts and rating changes, reflecting cautious sentiment. Zions' shares recently closed at $51.25.

Portfolio Pulse from Avi Kapoor

October 21, 2024 | 6:51 am

LOGI

NFLX

NUE

PG

SAP

The Dow and S&P 500 reached record highs, marking a sixth consecutive week of gains. The CNN Money Fear and Greed index moved to 'Extreme Greed'. Netflix shares surged 11% after strong earnings, while Procter & Gamble reported positive earnings but missed revenue estimates. Investors await earnings from SAP, Nucor, and Logitech.

Portfolio Pulse from Avi Kapoor

October 21, 2024 | 6:24 am

SNY

Sanofi has adjusted its 2024 EPS growth guidance to low single-digit growth after transferring its Opella stake. The company anticipates a strong rebound in 2025.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 6:24 am

CI

LOGI

NUE

PSA

SAP

Investors are focusing on several stocks as U.S. stock futures trade mixed. SAP, Nucor, and Logitech are expected to report earnings, while Public Storage announced a new COO. Cigna's shares fell due to resumed merger talks with Humana.

Portfolio Pulse from Avi Kapoor

October 21, 2024 | 6:11 am

SNY

Sanofi and CD&R have entered exclusive talks to transfer a 50% controlling stake in Opella, with Sanofi retaining a significant share. This move aims to enhance Opella's consumer healthcare journey while allowing Sanofi to focus on its biopharma operations. Sanofi has also upgraded its 2024 business EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 5:57 am

AAPL

AMD

IBM

MSFT

NVDA

PLTR

Wedbush Securities analyst Dan Ives predicts a strong Q3 earnings season for tech companies, driven by AI adoption, enterprise spending, and digital advertising. While Nvidia and Microsoft are core AI drivers, other companies like Palantir, IBM, AMD, and Apple are also making significant AI advancements.

Portfolio Pulse from Benzinga Neuro

October 21, 2024 | 4:59 am

TSLA

Gary Black of The Future Fund explains why Tesla's valuation excludes potential revenue from robotaxis and Optimus, focusing instead on current EV market dynamics. Despite Tesla's recent underperformance, the fund maintains a long position, citing global EV adoption and expansion opportunities. Near-term challenges include high auto loan interest rates and negative Cybertruck margins.

Portfolio Pulse from Kaustubh Bagalkote

October 21, 2024 | 4:25 am