Streetbeat News

Earnings

AAPL

AVGO

NFLX

PANW

WBD

The latest report on the highest-paid CEOs of S&P 500 companies in 2023 reveals significant pay increases for several top executives, particularly in the technology sector. Notable mentions include Hock Tan of Broadcom, Nikesh Arora of Palo Alto Networks, and Tim Cook of Apple. The report also highlights the disparity between CEO pay and median worker pay, a topic of legislative interest.

Portfolio Pulse from Chris Katje

May 23, 2024 | 7:56 pm

DIA

IWM

NVDA

QQQ

SPY

NVIDIA continues to see gains, while major indexes pull back. Upbeat economic data may influence the outlook on potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:54 pm

CRM

FDTX

FEPI

Salesforce (NYSE: CRM) is expected to continue its growth despite forex headwinds and delays in AI development. Analysts have mixed ratings and price targets, with Wells Fargo lowering its target to $300 and Oppenheimer maintaining a $325 target. Stifel remains optimistic with a $350 target. Salesforce's stock has gained over 34% in the last 12 months, and investors can gain exposure through ETFs like REX FANG & Innovation Equity Premium Income ETF (NASDAQ: FEPI) and Fidelity Disruptive Technology ETF (NASDAQ: FDTX).

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 7:17 pm

NVDA

NVIDIA Corporation (NASDAQ: NVDA) reported strong Q1 financial results, leading to multiple analysts raising their price targets and maintaining positive ratings. Analysts highlighted NVIDIA's leadership in AI and accelerated computing, with expectations of continued growth and strong demand for its products.

Portfolio Pulse from Chris Katje

May 23, 2024 | 7:12 pm

BABA

PDD

PDD Holdings Inc (NASDAQ:PDD) shares rose after analysts raised their price targets following strong Q1 results. PDD reported a 131% YoY revenue growth to $12.02 billion, beating the consensus of $10.65 billion. Adjusted earnings per ADS were $2.83, surpassing the $1.42 consensus. Benchmark analyst Fawne Jiang raised the price target to $230, citing robust growth and reduced losses for Temu. Goldman Sachs analyst Ronald Keung reiterated a Neutral rating with a $145 price target, noting strong performance but muted share price reaction due to high expectations and concerns about sustainability.

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 6:43 pm

BCYC

BNZI

CYTK

ELF

ONMD

TGI

U.S. stocks traded lower with the Dow Jones falling over 550 points. BJ's Wholesale Club reported better-than-expected Q1 earnings. Shares of OneMedNet, Bicycle Therapeutics, and e.l.f. Beauty surged, while Banzai International, Cytokinetics, and Triumph Group saw significant declines.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 6:40 pm

SNOW

Snowflake Inc (NYSE:SNOW) reported strong Q1 results with product revenue growing 34% year-on-year, beating consensus estimates. Despite this, the company cut its full-year margin outlook, leading to a 3.29% decline in its stock price. Analysts provided mixed reactions, with several raising their price targets while others noted concerns about margin pressures due to increased GPU expenses.

Portfolio Pulse from Priya Nigam

May 23, 2024 | 6:35 pm

VTRS

Viatris shares are trading lower due to continued weakness following the company's worse-than-expected Q1 sales results reported on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:34 pm

DIA

IWM

QQQ

SPY

Indexes are lower after initially gaining following NVIDIA's earnings. Hawkish Fed minutes and upbeat economic data may also be driving rate cut uncertainty.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:27 pm

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