Streetbeat News

Earnings

ASML

QQQ

SOXL

SOXX

SPWO

TSM

Gene Munster predicts a bull market driven by AI, highlighting TSMC's strong performance despite concerns over a slowdown in the AI sector. TSMC's impressive third-quarter results and increased revenue projections indicate robust demand for AI chips.

Portfolio Pulse from Pooja Rajkumari

October 18, 2024 | 1:21 pm

PG

P&G's CFO reported that the company experienced a brief stock-up situation due to a port strike, which did not materially impact the quarter's results.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 1:20 pm

PG

Procter & Gamble shares are experiencing a decline in trading due to a Q1 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 1:11 pm

AXP

COHR

CVS

EAF

FDP

GEVO

MGPI

ZETA

ZJYL

CVS Health and other major stocks, including American Express, saw declines in pre-market trading. CVS cut its Q3 outlook and appointed a new CEO, while MGP Ingredients and others also reported negative news impacting their stock prices.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 1:10 pm

SLB

Schlumberger reported mixed Q3 results with revenue growth in the Middle East, Asia, and offshore North America, but a decline in Latin America. Revenue missed expectations, but EPS beat estimates. Shares are trading lower.

Portfolio Pulse from Akanksha Bakshi

October 18, 2024 | 1:08 pm

AXP

American Express shares are trading lower due to a Q3 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 1:05 pm

ACU

Acme United (AMEX:ACU) reported Q3 earnings per share of $0.54, missing the analyst estimate of $0.72 by 25%. Sales were $48.17M, below the expected $53.41M, marking a 4.4% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 1:02 pm

AVGO

MRVL

JPMorgan analyst Harlan Sur predicts a semiconductor up-cycle, with Broadcom and Marvell leading due to their strong positions in cloud and AI markets. The sector is expected to see positive growth into 2025, driven by demand for cloud infrastructure and custom chips. Clearing excess inventory and ongoing M&A activity are also positive factors.

Portfolio Pulse from Surbhi Jain

October 18, 2024 | 1:02 pm

NUE

Nucor Corporation (NYSE:NUE) is set to release its Q3 earnings on Oct. 21, with expected earnings of $1.47 per share, down from $4.57 last year. Revenue is projected at $7.28 billion. JPMorgan has maintained an Overweight rating but lowered the price target to $170. Nucor offers a 1.37% annual dividend yield, translating to $2.16 per share annually. To earn $500 monthly from dividends, an investment of approximately $439,174 is needed.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 12:59 pm

CLPS

CLPS reported a significant decrease in earnings per share and a slight decline in sales compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 12:57 pm