Streetbeat News

Earnings

SYK

Needham analyst Mike Matson upgraded Stryker Corp (NYSE:SYK) from Hold to Buy with a $392 price target, citing double-digit organic revenue growth, new product launches, and a strong capital equipment backlog. Matson expects these factors to drive revenue and EPS upside, despite potential recon market slowdowns. SYK's margin improvement and increased M&A activity are also seen as positive catalysts.

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 5:17 pm

ADI

LSCC

MCHP

NVDA

STM

Shares of semiconductor and chip stocks are trading higher ahead of NVIDIA's earnings report. Additionally, strong quarterly earnings from Analog Devices are contributing to the sector's positive performance.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:08 pm

BRC

ENPH

FSLR

GOGL

IWM

MAXN

NVDA

PBW

SPWR

SPY

TAN

TGT

TJX

TOL

TSLA

VSAT

WSM

Wall Street experienced a cautious session ahead of the Federal Reserve meeting minutes and Nvidia's earnings announcement. The Nasdaq 100 slightly outperformed, while small caps and major indices saw declines. Solar and clean energy stocks surged due to trade tariff modifications, with First Solar hitting record highs. Metals fell, natural gas rallied, and oil prices eased. Key stock movers included Tesla, TJX Companies, and several others reacting to earnings reports.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 5:02 pm

INTU

Recent unusual options activity for Intuit (NASDAQ:INTU) shows a bullish stance from large investors, with 66% of trades being bullish. The price range targeted is between $600 and $700. Analysts have given an average target price of $725, with the stock currently trading at $672.8.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 5:01 pm

PPBI

Analysts have mixed ratings for Pacific Premier Bancorp (NASDAQ:PPBI), with a recent decrease in the average 12-month price target by 14.61%. The company's financial performance shows a decline in revenue growth but strong net margins and efficient asset management.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 5:01 pm

VLY

Analysts have provided mixed evaluations for Valley National Bancorp (NASDAQ: VLY) over the past three months, with a notable decrease in average price targets. The company's financial metrics, including revenue growth, net margin, ROE, and ROA, lag behind industry averages, and it faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 5:01 pm

URBN

Urban Outfitters (NASDAQ: URBN) reported better-than-expected Q1 results, with adjusted earnings of 69 cents per share and 5% same-store sales growth. Despite this, the stock fell 3.97% in early trading. Analysts from JPMorgan, Telsey, and BMO Capital Markets provided mixed ratings and price targets, citing factors like gross margin expansion and markdown pressures.

Portfolio Pulse from Priya Nigam

May 22, 2024 | 4:52 pm

WKME

WalkMe shares are trading higher after the company reported better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:51 pm

MRMD

MariMed (OTC:MRMD), a multi-state cannabis operator, is positioned for significant stock gains due to strategic growth plans and the anticipated rescheduling of cannabis. The company reported strong first-quarter 2024 results and stands to benefit from substantial tax savings. Expansion plans in Illinois, Maryland, and Massachusetts are expected to drive future growth.

Portfolio Pulse from Nicolás Jose Rodriguez

May 22, 2024 | 4:50 pm

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