Streetbeat News

Earnings

ADM

COPX

NDAQ

Joshua Brown of Ritholtz Wealth Management named Nasdaq, Inc. (NDAQ) as his final trade on CNBC's 'Halftime Report Final Trades.' Nasdaq reported worse-than-expected Q1 EPS but increased its quarterly dividend by 9%. Stephen Weiss of Short Hills Capital Partners named Archer-Daniels-Midland Company (ADM) as his final trade. ADM posted better-than-expected Q1 EPS but missed revenue estimates. Liz Young of SoFi picked Global X Copper Miners ETF (COPX).

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:05 pm

ARKK

IWM

SPY

Cathie Wood's comparison of the current stock market to the 1930s Great Depression has drawn criticism from notable figures like Jim Chanos. Wood argues that the market is over-concentrated and predicts a broadening rally when interest rates fall. Despite her views, her Ark Innovation ETF (ARKK) has underperformed, while broader market ETFs like SPDR S&P 500 ETF Trust (SPY) and iShares Russell 2000 ETF (IWM) have shown gains.

Portfolio Pulse from Shanthi Rexaline

May 24, 2024 | 1:05 pm

USEA

United Maritime (NASDAQ:USEA) reported a significant improvement in its Q1 financial results, with a 72.92% reduction in losses per share and a 275.68% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:02 pm

HOWL

Analysts have provided mixed ratings for Werewolf Therapeutics (NASDAQ:HOWL) in the latest quarter, with a majority being bullish. The average 12-month price target is $13.8, which is 8.0% lower than the previous average. The company faces financial challenges, including a significant revenue decline, but maintains strong net margins, ROE, and ROA compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:00 pm

TGT

Target Corp (NYSE:TGT) reported weaker-than-expected Q1 earnings, with a 3.1% sales decline and adjusted EPS missing estimates. Several analysts lowered their price targets. Despite this, Target's dividend yield of 3.05% remains attractive for income-focused investors.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:00 pm

DECK

GH

MRUS

On May 24th, Merus (MRUS), Guardant Health (GH), and Deckers Outdoor (DECK) saw significant stock price increases due to positive news. Merus announced a publication related to petosemtamab, Guardant Health received an FDA panel recommendation for its Shield blood test, and Deckers Outdoor reported strong Q4 financial results.

Portfolio Pulse from ryanfaloona@benzinga.com

May 24, 2024 | 12:46 pm

JHX

OI

TG

The article highlights three oversold stocks in the materials sector: James Hardie Industries (JHX), O-I Glass (OI), and Tredegar Corporation (TG). These stocks have RSI values near or below 30, indicating potential undervaluation and a buying opportunity.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 12:45 pm

BJ

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) reported better-than-expected Q1 results, with revenue and EPS beating analyst estimates. The company saw a 4.1% revenue growth and a 1.6% increase in comparable club sales. Analysts have raised their price targets following the strong performance.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 12:45 pm

DOMO

Domo, Inc. (NASDAQ:DOMO) reported mixed Q1 results with a wider-than-expected loss and issued Q2 guidance below estimates. Analysts from Lake Street and Morgan Stanley have slashed their price targets and downgraded the stock.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 12:34 pm

BKE

Buckle Inc. (NYSE:BKE) reported a 7.2% decline in first-quarter FY24 sales, missing analyst estimates. Comparable store net sales decreased by 9%, and online sales fell by 13.4%. Gross profit dropped by 9.4%, and EPS of $0.69 missed the consensus estimate of $0.74. BKE shares fell by 5.24% premarket.

Portfolio Pulse from Shivani Kumaresan

May 24, 2024 | 12:29 pm