Streetbeat News

Earnings

MTB

JPMorgan analyst Steven Alexopoulos upgraded M&T Bank (NYSE:MTB) from Neutral to Overweight, raising the price target from $183 to $215. The analyst believes that the Federal Reserve's potential rate cuts could improve M&T Bank's credit metrics and earnings growth, leading to stock outperformance.

Portfolio Pulse from Priya Nigam

September 03, 2024 | 4:04 pm

ADBE

Recent unusual options activity on Adobe (NASDAQ:ADBE) shows a bearish sentiment among financial giants, with 46% of trades being bearish. The options activity suggests a price target range of $400 to $620. Current trading volume is 933,439, with a slight price increase of 0.18% to $575.42. Earnings are expected in 9 days.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 4:01 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SMCI

SPY

TSLA

The article discusses the risks of investing in AI stocks, using Super Micro Computer Inc (SMCI) as an example. SMCI's stock has dropped significantly due to internal control issues and market volatility. The article also highlights the importance of understanding market dynamics and the potential impact of the ISM Manufacturing Index on stock markets.

Portfolio Pulse from The Arora Report

September 03, 2024 | 3:41 pm

STZ

Constellation Brands has revised its FY25 comparable EPS guidance to a range of $13.60 to $13.80, slightly adjusting from the previous range of $13.50 to $13.80. This revision aligns closely with the market estimate of $13.70.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:39 pm

STZ

Constellation Brands has revised its FY25 reported EPS guidance to $3.05-$7.92, significantly lower than the previous estimate of $14.62. The company expects a decline in reported operating income due to a goodwill impairment loss in its Wine and Spirits segment, but anticipates growth in its Beer segment.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:38 pm

WMT

The article provides an analysis of Walmart's performance compared to its peers in the Consumer Staples Distribution & Retail sector. It highlights Walmart's high valuation ratios, strong ROE, but lower EBITDA, gross profit, and revenue growth compared to industry averages. Walmart's lower debt-to-equity ratio indicates a stronger financial position.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 3:00 pm

LULU

Lululemon Athletica (NASDAQ:LULU) is analyzed against its competitors in the Textiles, Apparel & Luxury Goods industry. The company shows a lower P/E ratio, indicating potential undervaluation, but higher P/B and P/S ratios suggest a premium valuation. Lululemon outperforms peers in ROE, EBITDA, gross profit, and revenue growth, and has a favorable debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 3:00 pm

AAOI

PCVX

PSNY

SHLS

U

Several stocks saw significant gains on Tuesday despite a general market downturn. Vaxcyte's shares surged 43.5% following positive trial results for its vaccine candidate. Shoals Technologies rose 21.8% after a favorable legal ruling. Polestar Automotive gained 16% with a new CFO appointment. Applied Optoelectronics and Unity Software also saw notable increases due to analyst upgrades.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 2:47 pm

GHRS

GH Research shares declined following the release of Q2 financial results and the appointment of a new CEO.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:28 pm

ATPC

BNRG

BOF

CNFR

DYN

SIFY

U.S. stocks fell with the Dow Jones down over 1% due to the ISM Manufacturing PMI missing estimates. Notable stock movements include Sify Technologies surging 110% and Dyne Therapeutics dropping 34% after clinical trial data release.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 2:19 pm