Streetbeat News

Earnings

GREE

Greenidge Generation's shares rose following the release of preliminary Q3 revenue results and bitcoin production figures.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 4:02 pm

MRMD

TCNNF

The article discusses the changes in consensus 2024 EBITDA estimates for cannabis companies, noting a general downward revision of 4.5% year-to-date. Despite this, estimates are still 8.4% above 2023 levels. MariMed saw a significant downward revision, while Trulieve experienced an upward revision. The article highlights the challenges faced by the cannabis sector, including rising costs and capital scarcity, and emphasizes the need for patience among investors.

Portfolio Pulse from Viridian Capital Advisors

October 14, 2024 | 3:56 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TLT

TSLA

The article discusses the unexpected performance of long bonds, particularly the 20+ year Treasury bond ETF (TLT), and the implications of the current earnings season for AI. It highlights the positive money flows in major tech stocks and ETFs, and the impact of China's lack of new economic stimulus on foreign and local investors. The article also provides investment strategies, emphasizing the importance of protection bands and the traditional 60/40 portfolio approach.

Portfolio Pulse from The Arora Report

October 14, 2024 | 3:34 pm

BAC

Financial giants have shown a bullish interest in Bank of America (NYSE:BAC) options, with 18 unusual trades identified. The trades include 5 puts and 13 calls, indicating a mixed sentiment but a general bullish outlook. Analysts have set an average price target of $47.33, with some downgrades and maintained ratings. BAC is currently trading at $42.05, with an upcoming earnings release in 1 day.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:30 pm

DIA

IWM

QQQ

SPY

Major indexes are trading higher as investors evaluate comments from Minneapolis Fed President Kashkari and anticipate Friday's bank earnings.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 3:13 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) has seen a 9% stock surge following a $2 billion loan agreement with Fortress Investment Group, aimed at expanding its loan platform. The company has also introduced new credit cards and is benefiting from positive economic indicators and a recent Federal Reserve rate cut. With a Golden Cross and strong technical indicators, SoFi is positioned for potential further gains ahead of its upcoming earnings report.

Portfolio Pulse from Surbhi Jain

October 14, 2024 | 3:08 pm

SOTK

Sono-Tek (NASDAQ:SOTK) is set to announce its quarterly earnings on October 15, 2024, with analysts estimating an EPS of $0.02. Investors are keenly awaiting the announcement, hoping for an EPS beat and positive guidance, which could influence stock price movements. In the previous quarter, an EPS beat led to a 3.66% increase in share price. Currently, shares are trading at $4.05, down 17.28% over the past year.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:01 pm

MRVL

14 analysts have shared their evaluations of Marvell Tech (NASDAQ:MRVL) over the past three months, with a mix of bullish and bearish perspectives. The average 12-month price target has increased by 5.26% to $95.57. Despite positive analyst sentiment, Marvell Tech faces challenges with a decline in revenue growth, low net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:01 pm

OMC

Omnicom Group is set to announce its quarterly earnings on October 15, 2024, with analysts estimating an EPS of $2.02. The company's past performance shows mixed results, with a recent EPS beat leading to a share price drop. Analysts rate Omnicom as 'Outperform' with a price target of $109.25, indicating a potential upside. Omnicom outperforms peers in revenue growth and profitability but has a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:01 pm

MBWM

Mercantile Bank (NASDAQ:MBWM) is set to announce its quarterly earnings on October 15, 2024. Analysts expect an EPS of $1.17. Investors are keen on both the earnings results and future guidance, as past performance shows mixed market reactions. Shares have risen 31.24% over the past year.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:00 pm