Streetbeat News

Earnings

BTCUSD

DOGEUSD

ETHUSD

SPY

TSLA

Tesla's aggressive price cuts have led to a 25% drop in used EV prices, impacting dealers. Meanwhile, Bitcoin, Ethereum, and Dogecoin have fallen due to fears of a US government sell-off, though analysts predict a potential upside for Bitcoin. Nasdaq and S&P 500 futures are rising ahead of the Q3 earnings season, with strong earnings from JPMorgan and Wells Fargo driving record highs for the Dow and S&P 500.

Portfolio Pulse from Akanksha Bakshi

October 14, 2024 | 1:57 pm

QQQ

SBUX

SPY

Starbucks is shifting its strategy under new CEO Brian Niccol by reducing promotions and focusing on premium coffee and holiday favorites. The company aims to improve in-store experiences and reinforce its premium image amid declining sales and customer complaints. Starbucks' stock has been downgraded by Jefferies, and its third-quarter revenue lagged analyst estimates.

Portfolio Pulse from Anusuya Lahiri

October 14, 2024 | 1:23 pm

GREE

Greenidge Generation Holdings reported preliminary Q3 revenue of $12.4 million and a total Bitcoin production of 167. The company also announced a significant reduction in SG&A expenses by approximately $9.1 million year-to-date.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:05 pm

ICUI

Analysts have provided mixed ratings for ICU Medical (NASDAQ:ICUI) over the past quarter, with a range of opinions from somewhat bullish to indifferent. The average 12-month price target has increased to $169.5, with a high of $190.00 and a low of $147.00. Recent analyst actions include upgrades and raised price targets, reflecting positive sentiment. ICU Medical, a leading infusion therapy company, has shown positive revenue growth and strong financial metrics, despite trailing industry peers in growth rate.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 1:00 pm

Citigroup Inc. (NYSE:C) is set to release its Q3 earnings on Oct. 15, with expected earnings of $1.31 per share, down from $1.63 a year ago, and projected revenue of $19.84 billion. Recent analyst ratings show mixed sentiments, with some increasing and others decreasing price targets. Citigroup recently partnered with Mastercard for cross-border payments, and its stock rose 3.6% to $65.74.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 12:59 pm

CMPO

COHR

Two tech stocks, CompoSecure Inc (CMPO) and Coherent Corp (COHR), are considered overbought with high RSI values, indicating potential short-term price dips. CompoSecure reported strong Q2 results, while Coherent saw a price target increase and a new CFO appointment.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 12:58 pm

FULT

JCI

PANW

Jim Cramer expressed concerns about Boeing's financial health, while he praised Palo Alto Networks and Fulton Financial. Boeing reported a significant loss and announced workforce reductions. Analysts have positive outlooks on Palo Alto Networks and Johnson Controls.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 12:52 pm

Boeing shares decline following the announcement of disappointing Q3 preliminary revenue and a 10% workforce reduction.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 12:49 pm

BAC

BRK

Despite Warren Buffett's Berkshire Hathaway selling 9.5 million shares of Bank of America (BAC), the stock remains strong with a 23.75% increase year-to-date. BAC's stock is above key moving averages, indicating bullish momentum. Upcoming Q3 earnings could further boost the stock if estimates are exceeded.

Portfolio Pulse from Surbhi Jain

October 14, 2024 | 12:45 pm

DAL

GXO

SYY

On CNBC's 'Halftime Report Final Trades,' analysts discussed Delta Air Lines, Sysco Corporation, and GXO Logistics. Delta reported mixed Q3 results with revenue growth but missed EPS expectations. Sysco is set to release its Q1 FY2025 results, with expected earnings growth. GXO Logistics received a Buy rating from Citigroup with a $60 price target.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 12:40 pm