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Earnings

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

MEDP

Medpace Holdings (NASDAQ:MEDP) has seen a shift in analyst sentiment, with recent evaluations showing a decrease in average price targets by 8.75%. Analysts have adjusted their ratings, with several lowering their price targets. Despite this, Medpace has demonstrated strong financial performance, with impressive revenue growth, net margin, and return on equity.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:00 pm

FBK

FB Financial (NYSE:FBK) is set to release its quarterly earnings report on October 15, 2024. Analysts expect an EPS of $0.79. In the previous quarter, FB Financial exceeded EPS estimates, resulting in a significant share price increase. Investors are hopeful for positive results and guidance.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:00 pm

TSM

The article provides a comprehensive analysis of Taiwan Semiconductor Manufacturing Co. (TSMC) and its competitors in the Semiconductors & Semiconductor Equipment industry. TSMC is highlighted for its strong market position, financial metrics, and growth prospects, outperforming peers in several key areas.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:00 pm

HWC

Hancock Whitney (NASDAQ:HWC) is set to release its quarterly earnings on October 15, 2024. Analysts expect an EPS of $1.29. The company's past performance shows a trend of beating estimates, which has positively impacted its stock price. Investors are keenly awaiting the announcement, focusing on whether the company will surpass estimates and provide favorable guidance.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:00 pm