Streetbeat News

Earnings

DPZ

NXPI

TSLA

YUMC

U.S. stock futures are trading higher, with focus on Domino's Pizza, Yum China, Tesla, ON Semiconductor, and NXP Semiconductors due to earnings reports and Tesla's layoffs. Domino's and Yum China are expected to report their quarterly earnings, with analysts predicting specific earnings per share and revenue figures. Tesla is laying off 693 employees in Nevada and raised the price of its Model 3 Performance. ON Semiconductor and NXP Semiconductors are also anticipated to report their earnings, with projections on earnings per share and revenue.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 6:57 am

DPZ

Domino's Pizza, Inc. (NYSE:DPZ) is anticipated to report higher Q1 earnings on April 29, 2024, with expected earnings of $3.39 per share compared to $2.93 the previous year, and projected revenue of $1.08 billion, up from $1.02 billion. Following a report of better-than-expected Q4 earnings, an increased dividend, and an additional stock buyback, DPZ shares rose 0.9%. Analysts from Wedbush, UBS, TD Cowen, Citigroup, and Piper Sandler have provided ratings and adjusted price targets, reflecting a positive outlook on DPZ's performance.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 6:02 am

AAPL

AMZN

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

PHG

Koninklijke Philips (PHG) reiterates its 2025 plan, expecting 3-5% comparable sales growth and an Adjusted EBITA margin of 11-11.5% for 2024. The company now forecasts free cash flow of EUR 0.9-1.1 billion for 2024, factoring in insurance receipts for Respironics product liability claims and economic loss settlements. Payments for personal injury and medical monitoring litigation are anticipated in 2025. The outlook does not include potential impacts from ongoing Philips Respironics-related legal issues, including a US Department of Justice investigation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:22 am

PHG

Koninklijke Philips reported a Q1 comparable sales growth of 2.4% while experiencing a -3.8% in comparable order intake. This mixed financial performance indicates a slight growth in sales but a decrease in future orders.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:17 am

PHG

Koninklijke Philips (NYSE:PHG) reported Q1 2024 adjusted EPS of $0.28, surpassing the $0.26 estimate, and sales of $4.494B, exceeding the $4.168B estimate. This represents a 17.5% increase in EPS and a 0.49% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:13 am

BMY

EDU

LKQ

LUV

MANH

META

MSCI

NUE

TXT

Last week, ten large-cap stocks including LKQ, MSCI, Textron, New Oriental Education, Bristol-Myers Squibb, Manhattan Associates, Reliance, Meta Platforms, Southwest Airlines, and Nucor reported significant declines due to various factors such as earnings misses, reduced outlooks, and analyst downgrades.

Portfolio Pulse from Lekha Gupta

April 28, 2024 | 10:27 pm

BGNE

TER

TSLA

VRT

Last week's top-performing large-cap stocks included Vertiv Holdings Co, Tesla, Inc., Teradyne, Inc., BeiGene, Ltd., Tyler Technologies, Inc., Westinghouse Air Brake Technologies Corporation, Newmont Corporation, Carrier Global Corporation, First Citizens BancShares, Inc., Lattice Semiconductor Corporation, Microchip Technology Incorporated, Deutsche Bank AG, Grupo Aeroportuario Del Sureste, S.A. De C.V., Antero Resources Corporation, and Monolithic Power Systems, Inc. These companies reported significant gains due to various factors such as better-than-expected earnings, guidance raises, regulatory approvals, and strategic workforce reductions.

Portfolio Pulse from Lekha Gupta

April 28, 2024 | 10:18 pm

AAPL

GRND

META

MSFT

NVDA

RDDT

SPOT

STM

TSLA

Last week in consumer tech saw mixed earnings reports, with STM and META missing and beating consensus estimates, respectively, and SPOT outperforming in both revenue and EPS. Elon Musk addressed legal disputes and criticized Social Security, while emphasizing Tesla's AI and robotics focus. Microsoft and Meta announced a VR collaboration, and Apple faced challenges in China and adjusted its Vision Pro shipments. The U.S. moves closer to a TikTok ban, raising free speech concerns. Nvidia acquires Run:ai, and Meta plans to open-source a $10 billion AI model. Privacy concerns hit Reddit and Grindr.

Portfolio Pulse from Lekha Gupta

April 28, 2024 | 9:53 pm

CMG

NVDA

Nvidia Corp. (NVDA) has benefited from its AI technology sector exposure, but Chipotle Mexican Grill, Inc. (CMG) is considered more expensive based on forward P/E ratios, according to investment advisor Ram Ahluwalia. Despite Chipotle's strong Q1 results and raised sales guidance, Ahluwalia suggests it may be a good time to take profits, citing the stock's high valuation. Chipotle's board has approved a 50-for-1 stock split, pending shareholder approval.

Portfolio Pulse from Shanthi Rexaline

April 28, 2024 | 3:47 pm