Streetbeat News

Earnings

AAN

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U.S. stocks traded higher with the Nasdaq Composite surging over 200 points. Key movers included Mustang Bio, Allego N.V., and Aaron's Company, which saw significant gains, while Aerovate Therapeutics, Workhorse Group, and Ovid Therapeutics experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 6:40 pm

AAL

American Airlines Group Inc. (NASDAQ: AAL) is facing significant bearish signals, both fundamentally and technically. The stock has plummeted 32.22% over the past year and 18.16% year-to-date. The departure of Chief Commercial Officer Vasu Raja, a downward revision of second-quarter earnings, and a bearish Death Cross signal indicate potential for more downside ahead.

Portfolio Pulse from Surbhi Jain

June 17, 2024 | 6:24 pm

STLD

Steel Dynamics shares are trading higher after initially falling due to the company's Q2 guidance.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:18 pm

REX

Analysts have provided mixed ratings for REX American Resources (NYSE:REX) over the past three months, with a majority being bullish. The average 12-month price target has increased to $64.5, reflecting a 2.79% rise from the previous target. Despite a recent revenue decline, the company shows strong profitability and efficient financial management.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 6:01 pm

ZETA

Analysts have provided diverse ratings for Zeta Global Holdings (NYSE:ZETA) over the past three months, with a majority being bullish. The average 12-month price target has increased to $19.37, reflecting a 24.97% rise from the previous target. Zeta Global has shown strong revenue growth but faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 6:01 pm

FDX

Deep-pocketed investors have shown a bearish sentiment towards FedEx (NYSE:FDX) through significant options trading activities. Benzinga's options scanner highlighted 24 extraordinary options activities, with 50% of the sentiment being bearish. The price range eyed by these investors is between $230.0 and $310.0. FedEx's current stock price is $249.34, up by 1.18%, with an anticipated earnings release in 8 days. Analysts have mixed ratings, with price targets ranging from $275 to $333.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 6:01 pm

VRTX

Analysts have provided mixed ratings for Vertex Pharmaceuticals (NASDAQ:VRTX) over the past three months, with a slight increase in the average 12-month price target. The company's financials show strong net margins and return on equity, but its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 6:00 pm

AVGO

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NVDA

Broadcom Inc. (NASDAQ:AVGO) shares surged following its second-quarter financial results, robust revenue guidance, and the announcement of a 10-for-1 forward stock split. The company exceeded earnings and revenue expectations, and its advancements in AI networking technology further solidify its market leadership.

Portfolio Pulse from Vaishali Prayag

June 17, 2024 | 5:33 pm

BRTX

BioRestorative Therapies, Inc. (NASDAQ:BRTX) shares are trading higher after the company announced it has regained compliance with Nasdaq listing requirements. The company reported a net loss of $2.2 million for Q1, a significant improvement from the $7.2 million loss in the same period last year. The stock is experiencing heavy trading volume.

Portfolio Pulse from Erica Kollmann

June 17, 2024 | 5:31 pm

ASTS

AST SpaceMobile (NASDAQ:ASTS) shares are trading higher, adding to gains of over 110% in the last month. The rally began in mid-May after the company reported Q1 financial results and signed a commercial agreement with AT&T (NYSE:T) to develop a space-based broadband network. Positive analyst coverage and a strategic partnership with Verizon (NYSE:VZ) have further fueled the stock's rise.

Portfolio Pulse from Dylan Berman

June 17, 2024 | 5:22 pm