Streetbeat News

Earnings

TFSL

TFS Financial shares are trading higher following the announcement of better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:51 pm

LTH

Life Time Group's shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:51 pm

FMCX

KKR

LBO

KKR & Co. Inc. (NYSE:KKR) shares rose after reporting Q1 FY24 results, with mixed financial outcomes but overall positive performance. The company missed asset management segment revenue expectations but exceeded EPS consensus. Insurance net investment income and fee-related earnings saw significant increases, and assets under management grew by 13% year-over-year. KKR also declared a dividend and highlighted strategic growth through acquisitions and segment expansion. Exposure to KKR can also be gained through FMCX and LBO ETFs.

Portfolio Pulse from Lekha Gupta

May 01, 2024 | 2:50 pm

QCOM

QUALCOMM Incorporated (NASDAQ:QCOM) is set to release its Q2 fiscal 2024 earnings on May 1, with expectations of earnings per share at $2.17, up from $2.15 the previous year, and projected quarterly revenue of $8.72 billion. The company also announced a quarterly cash dividend of 85 cents per share. Shares fell 2% to close at $165.85 recently. Analysts have provided varied ratings and price targets, with the most accurate analysts suggesting a range from $177 to $205.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 2:49 pm

PRCT

PROCEPT BioRobotics shares surged following the announcement of Q1 financial results that exceeded expectations and the issuance of FY24 revenue guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:48 pm

SPY

UUP

U.S. manufacturing activity contracted in April, with the ISM Manufacturing PMI falling to 49.2%, indicating a decrease in activity after a brief expansion in March. The New Orders Index and Employment Index also showed signs of contraction, while the Prices Index indicated rising commodity costs. The U.S. dollar index weakened, and stock markets fell slightly in response. The market is now looking forward to the Federal Reserve's upcoming meeting for further direction.

Portfolio Pulse from Piero Cingari

May 01, 2024 | 2:47 pm

MAR

Marriott International Inc (NASDAQ:MAR) reported mixed Q1 FY24 earnings with a miss on adjusted EPS at $2.13 versus the estimated $2.17, despite beating sales growth estimates with $5.98 billion. The company saw a 6.5% year-on-year sales growth and a 4.2% increase in worldwide RevPAR. Operating margin contracted from 16.9% to 14.7%. Marriott also announced the launch of MGM Collection with Marriott Bonvoy, adding nearly 37,000 rooms. The company raised its FY24 adjusted EPS outlook but remains below analyst expectations. Shares fell by 1.03% to $233.78.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 2:46 pm

ARM

Deep-pocketed investors show a bearish trend in ARM Holdings (NASDAQ:ARM) options trading, with a notable division in sentiment: 38% bullish and 46% bearish. The trading activity suggests a price window of $90.0 to $120.0. ARM's current stock price is down by -3.96% at $97.2, with an anticipated earnings release in 7 days. Analyst ratings vary, with an average target price of $119.8, ranging from $85 to $156.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 2:46 pm

CMG

Financial giants have shown a bullish trend on Chipotle Mexican Grill (CMG) options, with a significant focus on a price range between $2570.0 and $3450.0. Analysis of 17 unusual trades revealed a mix of bullish and bearish sentiments, with a higher volume of calls than puts. Chipotle, the largest fast-casual chain in the U.S., reported systemwide sales of $9.9 billion in 2023. The stock is currently down by -0.94%, trading at $3130.03, with analysts giving mixed reviews and target prices ranging from $2750 to $3340.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 2:45 pm

MIR

Mirion Technologies shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:42 pm