Streetbeat News

Earnings

AOS

BLK

PACB

TSLA

U.S. stocks rose with the Dow Jones gaining over 350 points. BlackRock reported strong Q3 results, boosting financial shares. Tesla shares fell 8% after its Cybercab unveiling. Other notable stock movements include Pacific Biosciences surging 30% and A.O. Smith dropping 7% after disappointing earnings.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 6:58 pm

LNG

MPWR

MSTR

NEE

TMO

Benzinga's Stock Whisper Index highlights five stocks that are gaining interest among investors: NextEra Energy, Monolithic Power Systems, MicroStrategy, Cheniere Energy, and Thermo Fisher Scientific. These stocks are being monitored due to recent events, analyst ratings, and upcoming earnings reports.

Portfolio Pulse from Chris Katje

October 11, 2024 | 6:06 pm

BLK

JPM

KRE

TSLA

UBER

WFC

Wall Street reached new highs as major U.S. banks reported strong earnings, boosting financial stocks. Tesla fell sharply due to disappointing Robotaxi Day. Inflation data showed higher-than-expected figures, but expectations for a Fed rate cut remain unchanged. Oil prices steadied, while gold and silver rose. Bitcoin gained following BlackRock's positive earnings.

Portfolio Pulse from Piero Cingari

October 11, 2024 | 5:30 pm

JPM

MSTR

TSLA

TWG

UBER

Tesla, MicroStrategy, Top Wealth Group, Uber, and JP Morgan are trending stocks. Tesla's stock is down after announcing a delayed production of its Cybercab. MicroStrategy's stock is up due to Bitcoin's price recovery. Top Wealth Group's stock surged after a public offering. Uber's stock rose as Tesla's delay benefits ridesharing. JP Morgan's stock increased after surpassing earnings estimates and raising guidance.

Portfolio Pulse from Erica Kollmann

October 11, 2024 | 5:19 pm

VAL

Valaris (NYSE:VAL) has received mixed analyst ratings over the past quarter, with a decrease in the average 12-month price target from $86.25 to $75.0. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Valaris has shown strong financial performance with significant revenue growth and profitability metrics surpassing industry standards.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 5:02 pm

AOS

CDT

PACB

TSLA

WFC

U.S. stocks rose with the Dow Jones up 250 points. Wells Fargo shares gained over 5% after beating Q3 earnings expectations. Tesla shares dropped 8% following its Cybercab unveiling. Gold prices increased by 1.1%.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 4:49 pm

BKNG

Booking Holdings (NASDAQ:BKNG) is highlighted as a potential long-term investment in the travel and tourism sector, with strong recent performance and innovation in AI. Despite some analyst caution, the company's growth and reduced reliance on Google traffic position it as a leader in the industry.

Portfolio Pulse from Dmytro Spilka

October 11, 2024 | 4:45 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher due to the launch of two new credit cards and positive economic data, including a Federal Reserve interest rate cut. The company is set to report its Q3 financial results on Oct. 29, with expected earnings of 4 cents per share and revenue of $629.217 million.

Portfolio Pulse from Erica Kollmann

October 11, 2024 | 4:32 pm

AOS

AQWA

TBLU

A.O. Smith Corporation (NYSE:AOS) has lowered its FY24 guidance due to weak Q3 performance, primarily impacted by declining sales in China and North America's water heating segment. The company reported preliminary Q3 sales and EPS below estimates, leading to a significant drop in share price. Despite challenges, A.O. Smith expects improvement in North American water heater volumes in Q4, but anticipates continued softness in China. The company also announced a 6% dividend increase.

Portfolio Pulse from Lekha Gupta

October 11, 2024 | 4:30 pm

XLF

Morgan Stanley shares rose by 2.6% following strong earnings from major financial institutions like JPMorgan Chase, Wells Fargo, and BlackRock. This positive sentiment boosted the Financial Select Sector SPDR Fund (XLF) as well. Morgan Stanley is expected to benefit from favorable market conditions, with its diversified revenue streams in investment banking and wealth management.

Portfolio Pulse from Henry Khederian

October 11, 2024 | 4:19 pm