Streetbeat News

Earnings

PLTR

Palantir Technologies saw significant options trading activity with a sweep of 3,080 contracts for Friday $23 calls near the ask price of $0.371, against an open interest of 20,315. This activity comes ahead of their earnings report due on May 6th, after the market closes, with the reference stock price at $23.325.

Portfolio Pulse from Charles Gross

May 03, 2024 | 6:34 pm

AEON

HSY

OMI

SGBX

SPT

TNDM

UPLD

U.S. stocks saw significant gains with the S&P 500 rising over 1%, led by a strong performance in the information technology sector. Hershey Company reported better-than-expected earnings, boosting its stock. Meanwhile, Safe & Green Holdings, Upland Software, and Tandem Diabetes Care saw substantial increases in their share prices following positive financial results. Conversely, AEON Biopharma, Sprout Social, and Owens & Minor experienced sharp declines due to disappointing financial outcomes or trial results.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 6:30 pm

CVNA

Carvana shares are experiencing an increase in value following the company's recent announcement of its Q1 financial results, indicating continued strength.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:29 pm

BEDZ

BKNG

EXPE

STNC

Expedia Group faces challenges with Vrbo's slow start and B2C growth, leading to lowered fiscal 2024 guidance. Analysts have adjusted their price targets and ratings accordingly, with concerns over competition and market share. Despite a solid quarter, the slower-than-expected growth and tech migration issues have impacted investor sentiment. Expedia's stock has seen a significant drop, but exposure to the company can also be gained through ETFs like BEDZ and STNC.

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 6:28 pm

TTEK

Tetra Tech, Inc. (NASDAQ:TTEK) reported Q2 financial results surpassing expectations with adjusted earnings of $1.42 per share against estimates of $1.29 and sales of $1.05 billion versus $1.03 billion expected. The company raised its full-year guidance for net revenue and earnings, forecasting a 22% EPS growth for fiscal 2024. Following the announcement, Tetra Tech's shares increased by 2% to $207.99. Analysts from Maxim Group, RBC Capital, and Keybanc raised their price targets on Tetra Tech, reflecting optimism in the company's financial health and future prospects.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 6:10 pm

AMRX

Amneal has reaffirmed its 2024 revenue guidance of $2.55B-$2.65B, aligning with the consensus estimate of $2.60B. The company also expects adjusted EPS to be between $0.53-$0.63, closely matching previous guidance of $0.58.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:09 pm

ALHC

Alignment Healthcare Inc (NASDAQ:ALHC) reported a Q1 EPS loss of $(0.25), missing consensus estimates but showed a 43.1% Y/Y increase in sales to $628.6 million, beating both consensus and management guidance. The company's health plan membership grew by 50.5% Y/Y, and it raised its fiscal year 2024 sales outlook. William Blair highlighted Alignment's differentiated position in the Medicare Advantage market, maintaining an Outperform rating despite the challenging environment.

Portfolio Pulse from Vandana Singh

May 03, 2024 | 6:02 pm

SEE

Four financial analysts have recently shared mixed evaluations of Sealed Air (NYSE:SEE), with a consensus 12-month price target of $39.5. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Sealed Air's financial indicators such as revenue growth, net margin, ROE, ROA, and debt management are also discussed, providing a comprehensive overview of the company's market position.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:01 pm

VRT

Vertiv Hldgs (NYSE:VRT) has seen a bullish trend in options trading, with 64% of trades being bullish and 21% bearish. The trading volume and open interest suggest a price range of $70.0 to $125.0. Significant trades include bullish calls and puts with strike prices around $90 and $70. The company's stock price is currently up 2.01% at $94.02, with analysts giving mixed ratings and target prices ranging from $90 to $110. The next earnings report is due in 89 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:01 pm

LBTYA

Liberty Global (NASDAQ:LBTYA) has been the subject of diverse analyst opinions over the last three months, with recent evaluations showing a shift towards a more cautious stance. The average 12-month price target has been raised to $24.88, reflecting a 14.81% increase from the previous target. Analyst actions include adjustments to ratings and price targets by firms such as Barclays, Benchmark, UBS, and Citigroup, indicating changing market dynamics and company performance. Liberty Global's financial performance shows solid revenue growth but challenges in profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:00 pm