Streetbeat News

Earnings

AAPL

Apple Inc. (NASDAQ:AAPL) is set to unveil its generative AI strategy at the WWDC 2024, focusing on embedding AI tools in core applications and emphasizing consumer privacy. Goldman Sachs analyst Michael Ng has set a bullish 12-month price target of $226.00 for Apple, driven by AI features, ecosystem investments, and hardware upgrades.

Portfolio Pulse from Surbhi Jain

June 03, 2024 | 2:19 pm

CHRD

Analysts have varied opinions on Chord Energy (NASDAQ:CHRD) with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $219.11. Recent analyst actions include both raises and lowers in price targets, reflecting evolving market conditions and company performance. Chord Energy has shown strong financial performance with significant revenue growth, high net margin, and efficient debt management.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 2:01 pm

BABA

The article discusses recent options trading activity for Alibaba Group Holdings (NYSE:BABA), revealing a bearish sentiment among financial giants. Analysis shows 55% of traders are bearish, with significant trades including both puts and calls. The price target for BABA ranges from $74 to $120. Analysts maintain a Buy rating with an average price target of $109.6.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 2:01 pm

AKYA

Analysts have provided mixed ratings for Akoya Biosciences (NASDAQ:AKYA) over the past three months, with recent price targets showing a downward trend. The average 12-month price target is now $6.5, down from $9.75. Financial performance indicators reveal challenges, including a decline in revenue and below-average returns on equity and assets.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 2:00 pm

BPTH

CAMP

CNSP

EFSH

GME

MBOT

U.S. stocks traded mostly higher with the Nasdaq Composite gaining around 150 points. The S&P Global manufacturing PMI rose to 51.3 in May. Bio-Path Holdings, Microbot Medical, and GameStop saw significant stock price increases, while CalAmp Corp., 1847 Holdings, and CNS Pharmaceuticals experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 1:54 pm

IDU

NETZ

SRCL

Waste Management Inc. (NYSE:WM) is set to acquire Stericycle, Inc. (NASDAQ:SRCL) for $62.00 per share in cash, representing a 20% premium to SRCL's previous closing price. The deal, valued at approximately $7.2 billion including debt, is expected to close in Q4 2024. Waste Management anticipates annual run-rate synergies of over $125 million and expects the acquisition to be accretive to earnings and cash flows within a year of closing. The transaction will be financed using a combination of bank debt and senior notes.

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 1:50 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) is in focus ahead of its first-quarter earnings report for fiscal 2025, expected to be released after market close on Tuesday. Analysts predict earnings of 90 cents per share and revenue of $904.665 million. Recent analyst upgrades include price target increases from JPMorgan and Morgan Stanley, both maintaining Overweight ratings. Last quarter, CrowdStrike exceeded estimates with revenue of $845.34 million and earnings of 95 cents per share. The company has consistently beaten estimates since going public in 2019. Additionally, CrowdStrike announced a partnership with The Washington Post Live for a cybersecurity event on June 6.

Portfolio Pulse from Adam Eckert

June 03, 2024 | 1:27 pm

CXAI

CXApp (NASDAQ:CXAI) reported a Q1 EPS of $(0.34), a significant decrease from $0.20 YoY, and sales of $1.82M, missing the $2.30M estimate.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:23 pm

Li Auto shares are trading higher after the company reported a 23.8% year-over-year increase in May 2024 deliveries.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:21 pm

CIBR

IHAK

SAIC

Science Applications International Corp (SAIC) reported a 9% revenue decline in Q1 FY25 but marginally beat analyst estimates. Despite the dip, SAIC remains optimistic about its annual outlook. The stock is down 3.45% premarket. Investors can gain exposure via IHAK and CIBR ETFs.

Portfolio Pulse from Anusuya Lahiri

June 03, 2024 | 1:15 pm