Streetbeat News

Earnings

GLD

QQQ

SPY

TLT

UUP

The May CPI report and the FOMC meeting are set to occur on the same day, potentially causing market volatility. April's data showed easing inflation, aligning with forecasts. Economists expect the headline annual inflation rate to hold steady at 3.4%, with core inflation at 3.6%. The report will influence the Fed's stance on interest rates, with a softer reading supporting potential rate cuts. Previous CPI reports have triggered rallies in stocks, bonds, gold, and speculative assets.

Portfolio Pulse from Piero Cingari

June 11, 2024 | 4:12 pm

AISP

BNED

CURI

CXW

TH

TPET

YEXT

U.S. stocks traded lower with the Dow Jones falling over 200 points. Yext shares dropped 5% after disappointing Q1 results and weak Q2 guidance. Trio Petroleum, CuriosityStream, and Airship AI saw significant gains, while Target Hospitality, Barnes & Noble Education, and CoreCivic experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 4:12 pm

MPAA

Motorcar Parts of America shares are trading lower after the company reported worse-than-expected Q4 sales results and issued FY25 net sales guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:12 pm

AVGO

GOOG

GOOGL

META

Broadcom Inc (NASDAQ:AVGO) is set to report its Q2 earnings on June 12, with analysts expecting strong AI-related revenue growth. Partnerships with Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) are key factors. Analysts have high expectations, with multiple 'Buy' and 'Overweight' ratings and price targets ranging from $1,500 to $1,700.

Portfolio Pulse from Chris Katje

June 11, 2024 | 4:04 pm

SBUX

Starbucks has introduced a new 'Pairings Menu' offering discounted breakfast combinations to attract budget-conscious consumers. This move comes after a disappointing quarter with a 3% drop in same-store US sales. The new menu is part of broader changes, including a new iced coffee blend and updates to the Starbucks app.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:03 pm

TMO

Thermo Fisher Scientific Inc. (NYSE:TMO) shares are trading at $576.38, down 0.88% in the current session. The stock has decreased by 3.10% over the past month but increased by 10.82% over the past year. The company's P/E ratio is lower than the industry average, which could indicate undervaluation or low future growth expectations.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 4:00 pm

MIND

MIND Technology shares are trading lower after the company reported worse-than-expected Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:56 pm

SAGE

Sage Therapeutics (NASDAQ:SAGE) shares fell 5.78% after announcing Phase 2 Huntington's Disease study results, which met primary endpoints but led to price target adjustments by analysts.

Portfolio Pulse from Dylan Berman

June 11, 2024 | 3:52 pm

GM

GM's CFO expects Q2 earnings to surpass Q1 results, indicating potential positive financial performance for the company.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:35 pm

NEE

NextEra Energy shares are trading lower after the company reaffirmed its 2024-2026 EPS guidance and issued 2027 targets ahead of its Investor Day event.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:33 pm