Streetbeat News

Earnings

ERNZ

NAT

Nordic American Tankers Limited (NYSE:NAT) reported disappointing Q1 FY24 results, missing revenue and EPS estimates. The company is expanding its fleet, with several new vessels expected in the coming years. NAT shares dropped 8.75% following the news.

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 4:59 pm

UUP

The upcoming U.S. elections in November 2024 are expected to be a significant risk event for asset markets. Goldman Sachs outlines potential impacts on equities, yields, and the US Dollar (USD) based on different election outcomes. A Trump victory is likely to lead to a stronger USD, with the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) expected to see a 3.6% increase. The first presidential debate on June 27 is anticipated to be a key market-moving event.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 4:33 pm

JPM

Deep-pocketed investors are showing a bullish approach towards JPMorgan Chase (NYSE:JPM) with significant options activity detected. The options market shows a mix of bullish and bearish sentiments, with a notable volume of calls and puts. Analysts have mixed ratings, but the consensus target price is around $210.8.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 4:30 pm

SBUX

VTI

XLY

Starbucks is facing significant staffing issues and longer wait times, leading to customer frustration and a decline in sales. The company's labor algorithm and new policies have not fully addressed the problem, resulting in a 22% drop in stock price under the current CEO. Starbucks is implementing new measures to improve efficiency and customer experience.

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 4:29 pm

BOX

Box shares are trading higher following a Q1 earnings beat.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:25 pm

AAP

Advance Auto Parts shares are trading lower after the company reported mixed Q1 earnings. The stock initially gained on the report but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:23 pm

JNJ

Johnson & Johnson's pivotal Phase 3 study of Seltorexant shows significant improvement in depressive symptoms and sleep disturbances in patients with major depressive disorder (MDD) with insomnia. The study met all primary and secondary endpoints. Additionally, positive results for SPRAVATO® (esketamine) nasal spray were presented, showing rapid and sustained efficacy in treatment-resistant depression (TRD).

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:18 pm

VST

Whales have shown a bullish stance on Vistra (NYSE:VST) with significant options trading activity. The majority of trades are calls, indicating positive sentiment. Analysts maintain high target prices, suggesting potential growth.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 4:15 pm

BOX

Box Inc (NYSE:BOX) reported better-than-expected sales and earnings for the fiscal first quarter, driven by strong performance from Box AI. Despite currency headwinds leading to lowered revenue and bookings guidance, analysts have mixed ratings with RBC Capital Markets maintaining an Underperform rating and Oppenheimer reiterating an Outperform rating.

Portfolio Pulse from Priya Nigam

May 29, 2024 | 4:12 pm

AAL

AAP

BNAI

FFIE

HLTH

LUCY

RSLS

U.S. stocks traded lower with the Dow Jones falling over 350 points. Advance Auto Parts shares fell over 6% after Q1 results missed sales expectations. ReShape Lifesciences, Brand Engagement Network, and Innovative Eyewear saw significant gains, while Cue Health, American Airlines, and Faraday Future experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 4:02 pm