Streetbeat News

Earnings

HPE

Hewlett Packard (NYSE:HPE) reported Q2 2024 adjusted earnings per share (EPS) of $0.42, surpassing the analyst consensus estimate of $0.39 by 7.69%. The company also reported quarterly sales of $7.200 billion, exceeding the analyst consensus estimate of $6.823 billion by 5.53%. This represents a 3.26% increase over sales of $6.973 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:05 pm

CRWD

EWW

Indian stocks fell due to election results, natural gas prices dropped on reports that a Norway pipeline could be repaired by Friday, and Crowdstrike is set to report earnings after the close.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:00 pm

AVGO

Broadcom (NASDAQ:AVGO) has seen significant options trading activity, with a bullish sentiment from major investors. 54% of the trades were calls, totaling $2,602,099, while 27% were puts, totaling $1,736,004. The stock is currently neutral with an RSI indicator and is priced at $1321.89. Analysts have mixed ratings with price targets ranging from $1550 to $1850.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 7:46 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are trading lower ahead of the company's first-quarter earnings report for fiscal 2025, which is due after the market close. Analysts expect EPS of 90 cents and revenue of $904.67 million. In the previous quarter, CrowdStrike exceeded expectations with EPS of 95 cents and revenue of $845.335 million. The stock is up about 20% year-to-date.

Portfolio Pulse from Vaishali Prayag

June 04, 2024 | 7:39 pm

Axos Financial has stated in an SEC filing that there has been no material change in its credit performance since the last detailed credit update provided during the company's most recent earnings call.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:14 pm

AAPL

Gene Munster from Deepwater Asset Management believes Apple Inc. (NASDAQ: AAPL) has a significant opportunity to revolutionize AI engagement through a major overhaul of its virtual assistant, Siri. Munster anticipates a successful rollout could solidify Apple's leadership in AI, especially with a potential partnership with OpenAI. He expects a new chip architecture in 2025 to enhance AI capabilities on iPhones. Munster cautions investors about trading around Apple's Worldwide Developers Conference, where a revamped Siri is expected to be a highlight.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 6:48 pm

ANNX

DBI

MLGO

NDRA

SOBR

U.S. stocks turned higher with the Dow Jones gaining around 200 points. Designer Brands Inc (NYSE:DBI) shares plunged over 22% following disappointing Q1 earnings. MicroAlgo Inc (NASDAQ:MLGO) shares surged 558% after announcing a new research center. Sobr Safe Inc (NASDAQ:SOBR) shares rose 96% due to new device purchases. Annexon, Inc. (NASDAQ:ANNX) shares increased 28% after positive Phase 3 trial results. ENDRA Life Sciences Inc (NASDAQ:NDRA) shares dropped 64% following a public offering announcement. Equillium Inc (NASDAQ:EQ) shares fell 24% after Phase 2 study results.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 6:32 pm

AMD

ARM

INTC

NVDA

Mizuho analyst Vijay Rakesh has boosted estimates for Nvidia (NVDA) following a Taiwan event, citing substantial opportunities with its Hopper platform and upcoming products. Rakesh also highlighted potential catalysts for Arm Holdings (ARM) and Micron Technology (MU), and reiterated Buy ratings for Advanced Micro Devices (AMD) and Intel Corp (INTC).

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 6:24 pm

UAL

United Airlines (UAL) is scaling back its hiring plans for 2023 due to delays in airplane deliveries from Boeing (BA). The airline initially aimed to hire 13,000 to 15,000 new employees but has revised this target to around 10,000. Despite this, United Airlines still expects to hire a significant number of new employees in 2024. Boeing's production issues have led to a 25% reduction in jet deliveries, impacting United's operational growth and hiring plans. United Airlines reiterated its financial outlook for 2024, expecting adjusted EPS of $3.75 to $4.25 for Q2 and $9 to $11 for the full year.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 5:46 pm

MRK

MRNA

MYNZ

PFE

Promising trial results from Pfizer, Moderna, Merck, and Mainz Biomed indicate potential new standards in cancer treatment and diagnostics. Pfizer's Lorbrena shows significant long-term benefits for lung cancer patients, while Moderna and Merck's combined melanoma treatment demonstrates durable efficacy. Mainz Biomed's ColoAlert® test for colorectal cancer also shows high sensitivity and specificity.

Portfolio Pulse from Upwallstreet

June 04, 2024 | 5:45 pm