Streetbeat News

Earnings

DCPH

HTLF

TSLA

Stocks like Tesla, Deciphera Pharmaceuticals, and Heartland Financial saw significant movements. Tesla partnered with Baidu for Full Self-Driving in China, causing a 10.5% jump. Deciphera Pharmaceuticals surged 73% after an acquisition announcement by ONO Pharmaceutical. Heartland Financial rose 17.2% following UMB Financial's acquisition announcement. Other stocks also recorded gains due to various positive developments, including FDA approvals, financial settlements, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 2:47 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) is set to report its Q1 earnings with expectations of 78 cents EPS and $133.1 billion in revenues. The stock has seen a 71.10% increase over the past year and an 18.22% YTD rise, buoyed by its strong positioning in AI, cloud computing, and e-commerce. Investors are watching AWS performance, digital advertising market-share gains, and the impact of price increases on third-party sellers. Amazon's focus on profitability, operational efficiency, and strategic investments in robotic automation are key. Technical analysis indicates a bullish trend, with a 17% upside as per Wall Street analysts.

Portfolio Pulse from Surbhi Jain

April 29, 2024 | 2:29 pm

BEN

Franklin Resources reported worse-than-expected Q2 adjusted EPS results, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:26 pm

TFFP

TFF Pharmaceuticals, Inc. (NASDAQ:TFFP) announced positive Phase 2 trial data for Tacrolimus Inhalation Powder (TFF TAC) for lung transplant rejection prevention, presented at the ISHLT Annual Meeting. The data show TFF TAC prevents rejection with lower doses and systemic exposures than oral tacrolimus, and normalizes rejection-related gene expressions. The company plans to advance the program into potentially registrational testing.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:01 pm

C

Financial analysts have observed a bullish trend in Citigroup (NYSE:C) options, with 75% of trades being bullish. Significant activity was noted in options with strike prices ranging from $50.0 to $75.0. The analysis of volume and open interest trends for these options provides insights into liquidity and interest levels. Citigroup's current market performance shows a slight increase in stock price to $62.88, with a potential approach to overbought territory according to RSI values. The next earnings report is expected in 74 days.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 2:01 pm

AXSM

Axsome Therapeutics (NASDAQ:AXSM) has received diverse analyst ratings over the last three months, with a current average 12-month price target of $131.89, reflecting a 6.52% increase from the previous average of $123.82. The company, a clinical-stage biopharmaceutical focused on CNS disorders, has shown a revenue growth of 193.5% as of December 31, 2023, but struggles with profitability and operational efficiency, indicated by a net margin of -137.92% and ROE of -42.85%.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 2:01 pm

COP

In the last three months, 12 analysts have provided diverse evaluations for ConocoPhillips (NYSE:COP), with recent ratings showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target for COP has risen to $145.58, indicating a positive outlook. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Despite a robust market position, ConocoPhillips has faced a revenue decline of -20.63% and challenges in profitability and asset management.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 2:00 pm

KO

MSFT

NVDA

Microsoft Corporation (NASDAQ:MSFT) exceeded third-quarter earnings expectations with a 17% YoY revenue increase to $61.86 billion and net income of $21.94 billion. The company's Azure cloud and AI services saw significant growth, contributing to its commercial cloud revenue of $35.1 billion. Microsoft's investments in Nvidia Corporation (NASDAQ:NVDA) GPUs for AI development have led to a data center capacity challenge, mirroring Nvidia's own AI demand pressures. A new $1.1 billion agreement with The Coca-Cola Company (NYSE:KO) aims to accelerate AI transformation across Coca-Cola's global business. Despite strong performance, Microsoft anticipates near-term capacity constraints and plans a significant rise in capital expenditures for cloud infrastructure.

Portfolio Pulse from Upwallstreet

April 29, 2024 | 1:51 pm

NXPI

NXP Semiconductors N.V. (NASDAQ:NXPI) is set to release its Q1 earnings after the market closes on April 29, 2024, with expectations of $3.16 EPS, down from $3.19 year-over-year, and revenue of $3.13 billion, up from $3 billion. The company recently settled patent litigation with Impinj. Shares rose 1.9% to $242.70. Analysts from Evercore ISI Group, TD Cowen, Truist Securities, Susquehanna, and Mizuho have provided ratings and price targets, with the highest target set at $300.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 1:50 pm

EQNR

Equinor ASA (NYSE:EQNR) shares fell after the restart of the Hammerfest LNG plant was delayed due to a gas leak. The plant, crucial for LNG delivery, was evacuated last week but is expected to resume operations soon. Equinor recently reported Q1 FY24 results with $24.79 billion in adjusted revenue and plans to invest $6 billion annually in oil and gas exploration through 2035.

Portfolio Pulse from Lekha Gupta

April 29, 2024 | 1:48 pm