Streetbeat News

Earnings

LLY

The article evaluates Eli Lilly and Co (NYSE: LLY) against its peers in the Pharmaceuticals industry, focusing on financial metrics, market position, and growth prospects. Key takeaways include high PE, PB, and PS ratios indicating potential overvaluation, low ROE, EBITDA, and gross profit suggesting inefficiency, but high revenue growth showcasing strong market demand.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:00 pm

AAPL

AMAT

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The article discusses the 'picks and shovels' strategy for investing in artificial intelligence, highlighting Applied Materials (AMAT) as an example. It also covers early trade money flows in major tech stocks and ETFs, and provides insights on gold, oil, and Bitcoin. Additionally, it offers advice on protection bands and the traditional 60/40 portfolio.

Portfolio Pulse from The Arora Report

May 17, 2024 | 2:51 pm

WIX

Wix.com Ltd. (NASDAQ:WIX) is set to release its Q1 earnings before the opening bell on Monday. Analysts expect earnings of $1.03 per share and revenue of $417.84 million. The company recently launched the AI Portfolio Creator. Shares closed at $135.21, down 1.6%. Several analysts have reiterated positive ratings with price targets ranging from $150 to $175.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 2:35 pm

AMC

GME

GameStop shares fell sharply after the company announced preliminary quarterly results and a share offering. The company expects first-quarter revenue to be significantly lower than last year and plans to sell up to 45 million shares. Analysts and market commentators highlighted the risks of buying stocks based solely on momentum.

Portfolio Pulse from Chris Katje

May 17, 2024 | 2:26 pm

ABAT

LAC

PLL

Piedmont Lithium, Lithium Americas, and American Battery Technology are well-positioned to benefit from the growing demand for lithium due to the energy transition. Insights from J.P. Morgan's discussions with these companies highlight their strategic positioning and potential upside.

Portfolio Pulse from Surbhi Jain

May 17, 2024 | 2:11 pm

DESP

DOCS

HOOD

RDDT

Despegar.com (NYSE:DESP) saw a significant rise in its stock price after reporting better-than-expected quarterly sales. Other stocks such as Doximity, Reddit, and Robinhood also recorded gains due to various positive developments.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 2:11 pm

BDWBY

Budweiser APAC (OTC: BDWBY) reported a 0.4% decline in Q1 revenues and a 3.4% drop in profits, primarily due to decreased sales in China and South Korea. Despite a focus on high-end beers, competition in the premium beer market is intensifying. Analysts expect potential earnings improvement in the second half of the year.

Portfolio Pulse from The Bamboo Works

May 17, 2024 | 2:00 pm

TTWO

Take-Two Interactive Software shares are trading higher, reversing from earlier weakness, amid volatility following the company's better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:55 pm

AIRR

NBSM

RBC

RBC Bearings (NYSE:RBC) shares are trading higher after reporting strong Q4 FY24 results, with net sales up 4.9% Y/Y to $413.7 million, beating expectations. Aerospace/Defense revenue grew 16.8% Y/Y, while Industrial revenue slightly declined. Adjusted EPS increased 16.0% Y/Y to $2.47, surpassing estimates. The company expects strong performance in Q1 FY25 with net sales forecasted between $415.0 million and $420.0 million. Investors can also gain exposure through ETFs like AIRR and NBSM.

Portfolio Pulse from Lekha Gupta

May 17, 2024 | 1:51 pm

AKAN

AMAT

AMPG

CRKN

DUO

GME

HSCS

US stocks edged higher with the Dow Jones, NASDAQ, and S&P 500 showing slight gains. Applied Materials reported better-than-expected Q2 earnings, boosting its stock. Fangdd Network Group, Akanda Corp, and Crown ElectroKinetics saw significant stock price increases, while Heart Test Laboratories, AmpliTech Group, and GameStop experienced notable declines.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 1:47 pm