Streetbeat News

Earnings

ASML

ASML Holding N.V. (NASDAQ:ASML) shares are rising after a previous decline due to soft guidance. The company provided a 2024 Q4 net sales outlook of €8.8-€9.2 billion and expects 2024 fiscal year net sales of €28 billion. For 2025, net sales are projected at €30-€35 billion with a gross margin of 51%-53%. The CEO noted that 2025 guidance is in the lower half of the previous range due to delayed EUV demand.

Portfolio Pulse from Dylan Berman

October 18, 2024 | 5:44 pm

SLB

Schlumberger's shares are experiencing a decline after the company reported mixed financial results for the third quarter.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:39 pm

AXP

American Express (AXP) reported mixed Q3 results, with revenue slightly below expectations but EPS surpassing estimates. Despite a decline in discount revenues, net interest income and card fees showed growth. Goldman Sachs reiterated a Buy rating with a $300 price target. AXP stock fell 2.79% following the report.

Portfolio Pulse from Anusuya Lahiri

October 18, 2024 | 5:09 pm

INDB

Independent Bank's shares are trading lower following the release of their Q3 EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:48 pm

WDFC

WD-40 shares declined following the release of mixed Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:45 pm

AXP

NVDA

QQQ

SPY

The article discusses the economic outlook and stock market trends, highlighting American Express CEO's 'no landing' comment on the U.S. economy, and the potential breakout of Nvidia stock. It also covers housing starts, China's GDP, and money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

October 18, 2024 | 4:43 pm

STLD

Steel Dynamics Inc (NASDAQ:STLD) reported better-than-expected Q3 earnings, with GAAP earnings of $2.05 per share and sales of $4.34 billion. Analysts have raised their price targets following the earnings announcement.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 4:41 pm

NFLX

Netflix's Q3 earnings impressed analysts, leading to increased price targets and positive outlooks. Analysts highlighted strong subscriber growth, revenue guidance, and potential future growth drivers like ad-supported plans and content releases. Netflix's stock rose 10% following the report.

Portfolio Pulse from Chris Katje

October 18, 2024 | 4:32 pm

MSFT

Piper Sandler analysts have adjusted their outlook on Microsoft, maintaining an Overweight rating but lowering the price target from $485 to $470 due to potential 'sloppier than normal' first-quarter results. Despite this, they remain optimistic about Microsoft's AI revenue, expecting it to surpass $10 billion by 2025.

Portfolio Pulse from Erica Kollmann

October 18, 2024 | 4:32 pm

AXP

CVS

DRUG

MGPI

USM

U.S. stocks mostly rose with the Nasdaq gaining 100 points. American Express shares fell 5% after Q3 results, missing revenue estimates but beating EPS. United States Cellular surged 12% on a spectrum sale to Verizon. Bright Minds Biosciences soared 196% after a private placement. MGP Ingredients dropped 26% on weak guidance. CVS Health fell 8% after cutting its Q3 outlook.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 4:29 pm