Streetbeat News

Earnings

CAAP

Corporacion America (NYSE:CAAP) reported strong Q1 earnings, with EPS of $0.95 beating the $0.41 estimate and sales of $433.05M surpassing the $428.44M estimate. This represents a significant year-over-year increase in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:48 pm

XPEV

Goldman Sachs analyst Tina Hou reiterated a Buy rating on XPeng Inc. (NYSE:XPEV) with a price forecast of $11.50. XPeng reported fiscal first-quarter sales growth of 62.3% year-on-year, beating analyst estimates. The company's adjusted net loss per ADS also beat expectations. The analyst expects the G6 model launch to drive vehicle delivery volume and margin improvements. XPeng's strong R&D focus and leading position in NOA could provide further revenue growth and margin improvement.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 4:39 pm

M

Macy's Inc (NYSE:M) shares rose after reporting better-than-expected Q1 earnings and raising its full-year outlook. Analysts from JPMorgan, Goldman Sachs, and Morgan Stanley provided positive but cautious ratings, highlighting strong same-store sales and disciplined cost management, while noting some risks remain.

Portfolio Pulse from Priya Nigam

May 22, 2024 | 4:32 pm

MU

Investors have shown significant interest in Micron Technology (NASDAQ:MU) through a surge in options activity, with a mix of bullish and bearish trades. The options activity suggests a price range of $60 to $180 for MU. Analysts have recently upgraded their ratings, with target prices ranging from $130 to $150.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 4:31 pm

ABBV

Wealthy investors are showing a bullish stance on AbbVie (NYSE:ABBV) with significant options trades detected. The sentiment is 63% bullish and 36% bearish, with a price range target of $150 to $175. Analysts have mixed ratings but generally positive outlooks with target prices ranging from $180 to $200.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 4:31 pm

TGT

VDC

XLP

Target Corp (NYSE:TGT) reported a 3.1% decline in first-quarter FY24 sales and missed the adjusted EPS consensus estimate. Despite this, analysts remain optimistic, citing improvements in certain sales categories and digital sales. Analysts from BofA Securities and Telsey Advisory Group reiterated their positive ratings and price targets. Target's stock has declined over 5% in the last 12 months and is currently trading lower by 7.45%. Investors can gain exposure through Consumer Staples Select Sector SPDR Fund (NYSE:XLP) and Vanguard Consumer Staples ETF (NYSE:VDC).

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 4:25 pm

SYY

Sysco has identified several key areas for improvement, including underperforming local case growth, the need to return to pre-2019 supply chain productivity levels, responsiveness to competitive pricing pressures, lower EBIT as a percent of sales for international operations, and delayed sales headcount additions post-COVID-19.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:13 pm

GDS

GDS Holdings shares are trading lower after the company reported worse-than-expected Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:07 pm

ADI

AMZN

NVDA

QQQ

SPY

TGT

Nvidia's upcoming earnings report is crucial for the AI sector and the broader stock market. Analog Devices reported better-than-expected earnings, while Target missed expectations. Early trade shows mixed money flows among major tech stocks and ETFs. UK inflation data disappointed, affecting market sentiment.

Portfolio Pulse from The Arora Report

May 22, 2024 | 4:07 pm

TOL

Deep-pocketed investors have shown a bullish approach towards Toll Brothers (NYSE:TOL) through significant options activities. Benzinga's options scanner highlighted 16 extraordinary options activities, with a mix of bullish and bearish sentiments. The stock is currently down 7.73% at $120.15, with a consensus target price of $124.75 from market experts.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 4:01 pm