Streetbeat News

Earnings

PKBK

Parke Bancorp reported a significant increase in Q3 earnings per share, rising from $0.08 to $0.62, marking a 675% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:17 pm

SAVE

Spirit Airlines reaffirms its guidance, expecting to end 2024 with over $1 billion in liquidity, consistent with previous forecasts.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:16 pm

AAPL

GLD

IBIT

NFLX

This week, Wall Street reached record highs due to strong bank earnings and positive economic indicators. Oil prices fell below $70, while gold hit an all-time high. Netflix exceeded earnings expectations, and Apple's iPhone 16 saw a sales boost in China. BlackRock's Bitcoin ETF saw significant inflows.

Portfolio Pulse from Piero Cingari

October 18, 2024 | 8:05 pm

UBFO

United Security (NASDAQ:UBFO) reported Q3 earnings per share of $0.22, which is the same as the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:05 pm

MMSI

Merit Medical Systems (NASDAQ:MMSI) has received varied analyst ratings, with a majority being bullish or somewhat bullish. The average 12-month price target has increased to $104.45, indicating positive sentiment. The company shows strong financial performance with impressive net margins and ROE, despite facing growth challenges compared to peers.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 8:01 pm

ABT

BDX

BSX

EW

ISRG

MDT

SYK

Shares of surgical tool and medical instrument stocks are trading higher following Intuitive Surgical's strong Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 7:51 pm

FUBO

NFLX

ROKU

Shares of streaming companies are trading higher in sympathy with Netflix, which gained following strong quarterly earnings.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 7:35 pm

AMD

NVDA

SOXX

TSM

Bank of America has raised Nvidia's price target to $190, citing its dominant position in AI chips and future growth potential. Analyst Vivek Arya highlights Nvidia's strong market lead, potential $400 billion TAM by 2024, and significant cash generation potential. Nvidia's partnerships and software offerings are also seen as undervalued.

Portfolio Pulse from Piero Cingari

October 18, 2024 | 7:28 pm

BX

Blackstone Inc (NYSE:BX) reported strong third-quarter earnings, with analysts raising price targets due to the company's best investment returns in three years. Blackstone's capital deployment and asset monetizations have increased, and the company is on track for further management fee growth. Despite some slower real estate trends, Blackstone's strategic growth initiatives are delivering results.

Portfolio Pulse from Priya Nigam

October 18, 2024 | 7:13 pm