Streetbeat News

Earnings

PYCR

Paycor HCM shares are trading higher after the company reported better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:37 pm

AAL

ETSY

JETS

LUV

MTCH

SBUX

Elliott Management has increased its stakes in Match Group, Etsy, and Southwest Airlines, while also holding puts on U.S. Global Jets ETF and American Airlines. The activist fund is pushing for changes in these companies to improve performance.

Portfolio Pulse from Chris Katje

August 15, 2024 | 5:24 pm

BOOT

CAL

CHWY

ODP

SBH

WMT

Shares of retail companies are trading higher following a rise in retail sales data and Walmart's better-than-expected Q2 financial results and increased FY25 adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:23 pm

COHR

LITE

SMDY

XTL

Lumentum Holdings Inc. (NASDAQ:LITE) reported strong fourth-quarter results, beating revenue and EPS estimates. Analysts raised price targets and expect significant growth driven by AI and telecom momentum. LITE shares rose 13.5% following the news.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 5:16 pm

GRAM

Gold Flora Corp. (OTC:GRAM) reported Q2 2024 earnings with revenue soaring to $31.64 million, but net loss widening to $23.95 million. Despite operational improvements and increased product portfolio, shares fell 5.67% to $0.0915.

Portfolio Pulse from Patricio Liddle

August 15, 2024 | 5:11 pm

ASTS

BABA

CSCO

DIA

IWM

MNDY

QQQ

SPY

TLT

ULTA

UUP

WMT

XLK

XLRE

Wall Street experienced a strong risk-on session driven by positive economic data, including robust retail sales and a decline in jobless claims. This led to a shift in expectations for Federal Reserve rate cuts, causing bond yields to rise and impacting various ETFs and stocks.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 5:04 pm

GROY

Analysts have provided mixed ratings for Gold Royalty (AMEX:GROY) over the past three months, with a recent average 12-month price target of $4.19, down 11.79% from the previous $4.75. The company has shown strong revenue growth but faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 5:01 pm

MTB

Over the past three months, 15 analysts have shared their insights on M&T Bank (NYSE:MTB), with opinions ranging from bullish to bearish. The average 12-month price target has increased to $177.8, with a high estimate of $220.00 and a low estimate of $160.00. Recent analyst actions include both upgrades and downgrades, reflecting mixed sentiments. Financial performance shows challenges with a decline in revenue growth and lower net margins, but a strong return on assets.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 5:01 pm

KBDC

In the last three months, 6 analysts have published ratings on Kayne Anderson BDC (NYSE:KBDC), with a mix of bullish, somewhat bullish, and indifferent perspectives. The average 12-month price target is $17.08, with a high of $17.50 and a low of $17.00. Recent ratings include 'Outperform', 'Neutral', 'Overweight', 'Market Perform', and 'Buy'. Kayne Anderson BDC has shown strong financial performance with a 25.82% revenue growth rate, a net margin of 110.94%, ROE of 3.13%, and ROA of 1.66%.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 5:00 pm

ARAY

ASTS

GAMB

IWM

LLAP

PPTA

RILY

SIGA

SPIR

TITN

TLS

The Russell 2000 is experiencing its strongest session in a month, driven by positive economic data that has alleviated recession fears. The iShares Russell 2000 ETF (IWM) rose 2.8%, with retail sales and jobless claims exceeding expectations. Top performers in the Russell 2000 include AST SpaceMobile, Accuray, Gambling.com, Perpetua Resources, and Telos Corporation, while Terran Orbital, SIGA Technologies, Spire Global, B. Riley Financial, and Titan Machinery were the top losers.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 4:56 pm