Streetbeat News

Earnings

BVN

Buenaventura Mining Co (NYSE:BVN) reported a slight decrease in Q1 2024 GAAP EPS to $0.24 from $0.25 YoY, but sales increased by 33.05% to $246.800M, beating estimates of $239.658M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 6:29 am

AMZN

KO

MCD

ST

YUMC

U.S. stock futures are trading lower, with investor focus on earnings reports from Coca-Cola, Yum China Holdings, McDonald's, Sensata Technologies, and Amazon. Coca-Cola is expected to report earnings of 65 cents per share, Yum China posted mixed results, McDonald's is anticipated to report earnings of $2.54 per share, Sensata reported strong results and announced CEO retirement, and Amazon is expected to report earnings of 77 cents per share.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 6:13 am

AAPL

AMZN

KO

MCD

ON

SBUX

TSLA

U.S. stocks rose on Monday, led by a 15% jump in Tesla shares on news of a partnership with Baidu for Full Self-Driving in China. Apple shares also increased by 2.5% following an upgrade by Bernstein. ON Semiconductor reported better-than-expected Q1 results. The Dow Jones gained 146 points, while the S&P 500 and Nasdaq also saw increases. Investors are awaiting earnings from Amazon, McDonald's, Starbucks, and Coca-Cola. The CNN Money Fear and Greed index indicated improved market sentiment but remained in the 'Fear' zone.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 6:13 am

PARA

CNBC's 'Last Call' host Brian Sullivan humorously compared Paramount Global's (NASDAQ:PARA) recent earnings call to Led Zeppelin's 'Stairway to Heaven' due to their similar lengths, noting the call's brevity and the significant announcement of CEO Bob Bakish's departure amid merger talks with Skydance Media. The call, lasting 8 minutes and 48 seconds, also covered Paramount's Q1 earnings, where they missed revenue estimates but beat earnings expectations. The company is in advanced negotiations to buy out controlling shareholder Shari Redstone, coinciding with the planned exit of four directors.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 5:56 am

LOGI

Logitech International (NASDAQ:LOGI) reported Q4 2024 adjusted EPS of $0.99, surpassing the $0.63 estimate, a 57.14% beat. Quarterly sales reached $1.011B, exceeding the $956.082M forecast by 5.74%, marking a 5.30% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:55 am

AAPL

Jim Cramer expressed skepticism about the sustainability of Apple Inc.'s recent stock rally, which followed an upgrade by Bernstein's analyst Toni Sacconaghi from neutral to buy. Cramer advised investors to wait, especially with Apple's earnings report due soon, despite the stock's 2.48% increase on Monday. Sacconaghi's upgrade was based on the potential for a robust iPhone 16 cycle and a temporary downturn in China, but Cramer questioned the timing due to Sacconaghi's historical skepticism of Apple. Apple's stock has faced challenges, including a 12% decline in 2024 and slowing iPhone sales, particularly in China.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 5:42 am

EWQ

France's GDP growth for Q1 was reported at 0.2%, surpassing both the estimated 0.1% and the previous quarter's growth of 0.1%. This indicates a slight improvement in the country's economic performance.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:34 am

MSTR

MicroStrategy Inc. (NASDAQ:MSTR) is considering increasing its leveraged bets on Bitcoin, with its CEO Phong Le highlighting the potential for greater value generation from its Bitcoin holdings if the cryptocurrency's price rises. The company, which already holds over 214,400 Bitcoins worth $14 billion, has been raising capital through debt and stock offerings to purchase more Bitcoin. Despite a 5.51% decrease in sales year-over-year in its first-quarter financial results, MicroStrategy's strategy has been to leverage its corporate structure and access to capital markets to expand its Bitcoin investments, even as this approach has drawn criticism for its risk exposure.

Portfolio Pulse from Kaustubh Bagalkote

April 30, 2024 | 5:14 am

MCD

McDonald's Corporation (NYSE:MCD) is anticipated to report higher Q1 earnings with an expected EPS of $2.72, up from $2.63 year-over-year, and revenue of $6.16 billion, up from $5.9 billion. The company plans to repurchase all its franchises in Israel amid Middle East tensions. Shares rose 0.2% to $273.55 recently. Analysts have adjusted their price targets and ratings, with changes reflecting a mix of maintained ratings and reduced price targets.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 5:06 am

AMD

KTOS

META

PLTR

TDOC

TWOU

Cathie Wood's Ark Invest purchased over $4M worth of shares in Palantir Technologies Inc (PLTR) and Meta Platforms Inc (META), ahead of Palantir's Q1 earnings and following Meta's strong revenue report. Ark Invest also sold shares of Teladoc Health Inc (TDOC), 2U Inc (TWOU), and Kratos Defense and Security Solutions Inc (KTOS), while buying shares of Advanced Micro Devices Inc (AMD).

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 4:12 am