Streetbeat News

Earnings

CRWD

Financial giants have shown a bearish trend in options trading for CrowdStrike Holdings (NASDAQ:CRWD), with 52% of trades being bearish. The stock is currently trading at $371.3, down by -0.87%. Analysts have mixed ratings with a consensus target price of $400.0.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 2:02 pm

RWT

In the last three months, 7 analysts have published ratings on Redwood Trust (NYSE:RWT), with a mix of bullish and neutral sentiments. The average 12-month price target is $7.36, with a high of $8.00 and a low of $6.50. Analysts have decreased the average price target by 5.03%. Redwood Trust has shown strong financial performance with a 62.92% revenue growth rate, a 38.98% net margin, and a 2.37% ROE, but has a high debt-to-equity ratio of 11.56.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 2:00 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) is set to release its second-quarter financial results, with analysts expecting an increase in earnings per share and revenue. The company recently announced new Ethernet adapters, and several analysts have revised their ratings and price targets for the stock.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 1:51 pm

COIN

Whales have shown a bullish stance on Coinbase Glb (NASDAQ:COIN) with significant options trades detected. The price range targeted by these trades is between $240.0 and $350.0. Currently, COIN is trading at $242.69, down by -2.85%. Analysts have mixed ratings with an average price target of $238.5.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 1:46 pm

CCI

Crown Castle has updated its full-year 2024 outlook, with key changes including a $30 million decrease in site rental revenues, a $95 million decrease in net income due to restructuring charges, a $5 million increase in Adjusted EBITDA, and a $25 million increase in AFFO. The AFFO per share is now expected to be between $6.91 and $7.02.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:44 pm

AISP

CXW

DSY

KITT

TPET

U.S. stocks traded lower with the Dow Jones falling over 200 points. The NFIB Small Business Optimism Index rose to 90.5 in May. Trio Petroleum, Nauticus Robotics, and Airship AI Holdings saw significant gains, while Target Hospitality, Big Tree Cloud Holdings, and CoreCivic experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 1:41 pm

CURLF

Curaleaf International (OTC:CURLF) is expanding its cannabis operations in the UK, Germany, and Poland, aiming to outprice the illegal cannabis market. The company reported a Q1 revenue of $339 million, a 2% increase year-over-year, despite a net loss of $48.3 million. Curaleaf sees significant growth potential in the UK and Germany due to changing regulations and increasing acceptance of medical cannabis. The company is leveraging its cultivation facilities in Portugal and Canada to ensure a consistent supply and is focusing on patient awareness and competitive pricing.

Portfolio Pulse from Nicolás Jose Rodriguez

June 11, 2024 | 1:36 pm

AAPL

BTCUSD

ETHUSD

TSLA

YEXT

The article covers a range of topics including the volatility of Bitcoin, Ethereum, and Dogecoin, with predictions of a significant rise for Bitcoin. It also discusses Yext's downbeat results, Apple's AI strategy, and various developments in the tech and EV sectors.

Portfolio Pulse from Akanksha Bakshi

June 11, 2024 | 1:33 pm

COST

Costco's 2Q 2024 earnings call provided insights into the company's performance and market dynamics. Key topics included membership fee strategy, U.S. and international expansion, competitive pricing, technology use, gross margin adherence, e-commerce strategy, discretionary sales, leadership strategy, vertical sourcing, partnerships with Instacart and Uber, warehouse cannibalization, SG&A rate, gas gallons growth, unit growth, non-foods innovation, and Costco Logistics growth.

Portfolio Pulse from Tornado

June 11, 2024 | 1:33 pm

CTVA

Corteva continues to see an imbalance in the crop protection market but expects $150 million in tailwinds in its crop protection business in the second half of the year. The company also anticipates low single-digit EBITDA growth in the same period.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:26 pm