Streetbeat News

Earnings

PENN

PENN Entertainment, Inc. (NASDAQ:PENN) shares are trading higher on Friday following a letter from shareholder Donerail Group to the company's Board. Donerail Group suggested that PENN could double its current trading price if sold, criticizing the company's interactive strategy, capital allocation, and CEO compensation. PENN has lost over 32% in the past year and recently reported worse-than-expected Q1 financial results.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 3:16 pm

MRO

Analysts have mixed ratings for Marathon Oil (NYSE:MRO) with a range of price targets. The average 12-month price target has increased to $32.65. Despite a recent decline in revenue, Marathon Oil shows strong profitability and effective cost management.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:00 pm

UBER

The article provides a comprehensive analysis of Uber Technologies (NYSE:UBER) compared to its competitors in the Ground Transportation industry. It highlights Uber's high valuation metrics (P/E, P/B, P/S ratios) and strong operational performance (high ROE, gross profit, and revenue growth) despite lower EBITDA.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:00 pm

TSM

The article provides an in-depth comparison of Taiwan Semiconductor (NYSE: TSM) with its peers in the Semiconductors & Semiconductor Equipment industry. Key financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth are analyzed, highlighting TSM's strong performance and potential undervaluation.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:00 pm

LLY

The article provides a comprehensive analysis of Eli Lilly and Co (NYSE:LLY) compared to its competitors in the Pharmaceuticals industry. Key financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth are examined. Eli Lilly shows high valuation ratios and strong revenue growth but lower profitability and operational efficiency compared to industry averages.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:00 pm

MCHI

MOMO

MTCH

Hello Group Inc. (NASDAQ:MOMO) reported accelerating revenue declines in Q1, leading to a 14% drop in its stock price. Despite its profitability and global expansion efforts, the company faces significant internal and external challenges, including weak consumer sentiment and regulatory issues. Analysts remain cautiously optimistic, with a majority rating the stock as a 'buy' or 'strong buy'.

Portfolio Pulse from The Bamboo Works

May 31, 2024 | 2:52 pm

ACIU

AMBA

ESTC

GPS

LRMR

PD

ZS

Ambarella, Inc. (NASDAQ:AMBA) posted strong first-quarter earnings and upbeat second-quarter guidance, leading to a 23% rise in its stock price. Other notable gainers include Latam Logistic Properties, The Gap, AC Immune, Larimar Therapeutics, DoubleDown Interactive, American Superconductor, PENN Entertainment, PagerDuty, V.F. Corporation, Elastic, Zscaler, flyExclusive, United States Cellular, Telephone and Data Systems, Janux Therapeutics, Nordstrom, Elevance Health, Asana, and The Cooper Companies.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 2:40 pm

AAPL

AMD

AMZN

DELL

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The article discusses a relief rally in the stock market driven by the latest PCE data, which came in line with expectations. It highlights the impact on various assets, including SPDR S&P 500 ETF Trust (SPY), NVIDIA Corp (NVDA), Advanced Micro Devices, Inc. (AMD), Dell Technologies Inc (DELL), and others. The article also mentions the positive money flows in major tech stocks and ETFs, as well as the impact on gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

May 31, 2024 | 2:33 pm

MDB

MongoDB, Inc. (NASDAQ:MDB) shares are trading lower after issuing weak guidance for the upcoming quarter and fiscal-year 2025, despite beating Q1 earnings and revenue estimates. Analysts have lowered their price targets for the stock.

Portfolio Pulse from Dylan Berman

May 31, 2024 | 2:33 pm

AVGO

Deep-pocketed investors are showing a bullish stance towards Broadcom (NASDAQ:AVGO) with significant options activity. Benzinga's options scanner highlighted 27 extraordinary options activities, with a mix of bullish and bearish sentiments. The price range targeted by these investors is between $760.0 and $2100.0. Broadcom's current trading volume is 446,338, with a price of $1335.32, down by -2.11%. An earnings announcement is expected in 12 days.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 2:31 pm