Streetbeat News

Earnings

USB

U.S. Bancorp (NYSE:USB) is set to release its quarterly earnings on October 16, 2024, with analysts estimating an EPS of $0.99. Investors are keen on both the earnings results and future guidance, as past performance shows market reactions are often driven by guidance. Despite a positive 52-week performance, past earnings beats have led to share price declines.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 2:00 pm

PLD

Prologis (NYSE:PLD) is set to release its quarterly earnings on October 16, 2024. Analysts expect an EPS of $1.38. Despite a previous EPS beat, the stock price dropped slightly. Prologis has a Neutral rating with a price target suggesting an 11.18% upside. The company shows strong profitability metrics but faces revenue growth challenges.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 2:00 pm

NVDA

UNH

USO

Oil prices fell after reports that Israel would not target Iranian oil. Healthcare stocks, including UnitedHealth, declined following Q3 earnings. The Biden administration is considering restricting chip exports to certain countries.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:00 pm

Goldman Sachs' CEO has stated that there is still work to be done to improve margins in their asset and wealth management business. This was mentioned during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:56 pm

BAC

DBGI

NTBL

PEGY

SEEL

SGD

ZPTA

The Dow Jones index fell by 200 points, while Bank of America reported better-than-expected Q3 earnings. Real estate shares rose, and energy shares fell. Several stocks experienced significant price movements, including Zapata Computing Holdings, Digital Brands Group, and Seelos Therapeutics.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 1:49 pm

AMD

BTCUSD

DOGEUSD

ETHUSD

NVDA

TSLA

Tesla has introduced a 7-seat Model Y in the Netherlands amid a slowdown in EV sales in Europe. Meanwhile, Bitcoin, Ethereum, and Dogecoin have surged as stocks hit record highs. The Nasdaq is nearing a record high, and oil prices have plummeted. Cathie Wood's Ark Invest sold $5.7M of Robinhood shares while buying AMD stock. Nvidia and AMD face potential export curbs as the Biden administration considers restrictions.

Portfolio Pulse from Akanksha Bakshi

October 15, 2024 | 1:46 pm

ARM

Whales are showing a bearish stance on ARM Holdings with 52% of options trades being bearish. ARM's stock is currently down 1.28% at $159.75, and RSI indicators suggest it may be overbought. The next earnings report is expected in 22 days.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 1:46 pm

APO

Citigroup reported a 1% revenue growth in Q3 2024, beating estimates, with a GAAP EPS of $1.51. Despite a 9% drop in net income, investment banking revenue soared. Citigroup announced partnerships with Mastercard and Apollo. The stock initially rose but then fell, closing down 1.88%.

Portfolio Pulse from Anusuya Lahiri

October 15, 2024 | 1:43 pm

COTY

Coty Inc. reported preliminary Q1 results with slower sales growth than expected, leading to a 10.1% drop in share price. The company plans to re-accelerate cost savings and expects moderate sales growth in Q2, with better performance anticipated in the second half of FY24.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 1:36 pm

Gitigroup anticipates its net interest income (NII) to remain roughly flat in Q4, excluding market factors, but expects some tailwinds for NII in 2025.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:31 pm