Streetbeat News

Earnings

TGI

Triumph Group shares are trading lower after the company reported Q4 financial results and issued FY25 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:13 pm

AAPL

XIACY

Xiaomi Corp reported a 27% increase in Q1 revenue, driven by a 33.7% rise in global smartphone shipments. Despite a decline in operating profit, the company is diversifying into the EV market with ambitious goals for its SU7 model. Xiaomi's global smartphone shipments are narrowing the gap with Samsung and Apple.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 4:11 pm

AMD

ARM

KLAC

LRCX

WDC

JPMorgan's 52nd annual Global Technology, Media, and Communications Conference highlighted an optimistic outlook for the semiconductor industry, driven by cyclical improvements and AI demand. Companies like AMD, Micron, and Arm are expected to benefit from this upcycle, with strong demand for AI infrastructure and memory products.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 4:09 pm

INTC

Intel shares are trading lower after competitor NVIDIA reported better-than-expected quarterly results.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:08 pm

DIA

IWM

QQQ

SPY

Indexes are mixed following strong earnings from NVIDIA and upbeat economic data.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:07 pm

BCYC

BNZI

CYTK

ELF

ONMD

TGI

U.S. stocks traded mixed with the Dow Jones falling over 250 points, while the NASDAQ and S&P 500 rose. Key sectors showed varied performance, with IT shares rising and real estate shares falling. Notable stock movements included significant gains for OneMedNet Corporation, Bicycle Therapeutics, and e.l.f. Beauty, while Banzai International, Cytokinetics, and Triumph Group saw declines. The S&P Global composite PMI surged in May, indicating economic growth.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 4:01 pm

FBK

In the last three months, 4 analysts have published ratings on FB Financial (NYSE:FBK), with a mix of bullish and bearish perspectives. The average 12-month price target is $41.75, up from $40.00. Analysts have raised or maintained their ratings, reflecting their response to recent developments. Despite a decline in revenue and below-average ROE and ROA, FB Financial has a strong net margin and prudent debt management.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 4:01 pm

ALKS

Alkermes (NASDAQ:ALKS) has been analyzed by six analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $40.67, with a high of $50.00 and a low of $35.00. Recent analyst actions include rating changes and price target adjustments, reflecting their views on Alkermes's market standing. The company has shown notable revenue growth and strong financial performance, with a net margin of 10.51%, ROE of 3.0%, and ROA of 1.73%.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 4:00 pm

TKR

Analysts' ratings for Timken (NYSE:TKR) over the last quarter show a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $97.2, with a high estimate of $104.00 and a low estimate of $87.00. Despite a recent decline in revenue, Timken's net margin and return on equity remain strong, though its return on assets and debt-to-equity ratio indicate potential challenges.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 4:00 pm

FHN

Analysts have provided diverse evaluations for First Horizon (NYSE:FHN) over the past three months, with a mix of bullish and neutral ratings. The average 12-month price target has increased to $17.3, reflecting an 11.11% rise from the previous target. Despite some positive analyst actions, First Horizon faces financial challenges, including a decline in revenue growth and below-industry-average profitability metrics.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 4:00 pm