Streetbeat News

Earnings

DDOG

MSFT

Datadog shares are trading higher, following Microsoft's lead after the latter reported strong earnings.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:47 pm

FIX

Comfort Systems shares are trading lower, reversing earlier gains that followed the announcement of Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:45 pm

CVX

GOOGL

IWM

MAGS

MSFT

XOM

Strong earnings from Alphabet Inc. and Microsoft Corp. have led to a market rebound, with the S&P 500 and Nasdaq 100 seeing significant gains. The Roundhill Magnificent Seven ETF and iShares Russell 2000 ETF also rose. However, Exxon Mobil Corp. and Chevron Corp. saw declines after disappointing earnings. Other notable movements included a surge in Alphabet Inc., Microsoft Corp., Amazon.com Inc., and Nvidia Corp. shares, while Intel Corp. and several others fell post-earnings.

Portfolio Pulse from Piero Cingari

April 26, 2024 | 5:45 pm

FICO

FICO shares are trading lower due to the company providing weak guidance for 2024, indicating potential challenges ahead.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:45 pm

CINF

Cincinnati Financial shares are trading lower, reversing from earlier strength after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:42 pm

IYG

JPM

XLF

JP Morgan Chase & Co. (NYSE:JPM) has opened a new Community Center branch in the Bronx, aiming to enhance financial access with a $5M investment. The branch, featuring modern design and technology, focuses on financial health through community engagement and advice. The construction was undertaken by Excel Construction, a local minority-owned firm. JPM's stock has seen a 43% increase over the past year, with first-quarter FY24 results showing a net revenue of $42.5 billion, an 8% increase year over year. Investors can also gain exposure to JPM through IShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).

Portfolio Pulse from Nabaparna Bhattacharya

April 26, 2024 | 5:33 pm

PENN

Whales have shown a bearish stance on PENN Entertainment (NASDAQ:PENN), with unusual options activity indicating a split sentiment among big-money traders: 27% bullish and 63% bearish. The activity includes 11 uncommon trades, with puts totaling $129,200 and calls at $637,858. The options suggest a price window of $10.0 to $37.5 for PENN. The largest trades include both bullish and bearish calls and a bearish put, with significant open interest and volume in these options. PENN's current market position shows a trading volume of 2,502,884, a price decrease of -1.22% to $16.98, and an upcoming earnings announcement in 6 days.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:31 pm

LRCX

MPWR

MRVL

Semiconductor and chip stocks, including LRCX, MPWR, MRVL, and MU, are experiencing an uptick in their share prices following Microsoft's strong earnings report, potentially due to increased optimism around AI technologies.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:31 pm

FMX

Fomento Economico (FMX) shares are trading higher after the company reported a first-quarter earnings per share (EPS) that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:30 pm

MSFT

Microsoft Corp's gaming revenue soared by 51% in Q3 fiscal 2024, reaching $5.45 billion, largely due to the inclusion of Activision Blizzard and King, with IPs like Call of Duty and Candy Crush Saga. This acquisition accounted for 55 percentage points of the growth. Xbox content and services revenue increased by 62%, but excluding Activision Blizzard, the growth would have been only 1%. Xbox hardware sales dropped by 31% due to lower console sales volume. Operating expenses rose by $1.3 billion, 41% year-over-year, with Activision Blizzard contributing 43 percentage points to this increase. Despite the cost of the acquisition, Microsoft projects continued growth in gaming sales but expects hardware sales to decline.

Portfolio Pulse from Franca Quarneti

April 26, 2024 | 5:27 pm