Streetbeat News

Earnings

TSLA

Tesla shares are experiencing an increase in their trading value, continuing a positive trend following the company's recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:09 pm

YETI

Recent analyst reviews on YETI Holdings (NYSE:YETI) show a mix of opinions, with a current average 12-month price target of $41.8, down 7.62% from the previous $45.25. The company's financial performance indicates strong market confidence, showcasing a revenue growth of 16.03%, a net margin of 15.12%, and an ROE of 11.54%. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:01 pm

CEG

Constellation Energy (NASDAQ:CEG) has seen significant options activity indicating a bearish sentiment among investors, with a notable volume of puts over calls. The options trades target a price range of $165.0 to $200.0. Currently, CEG's stock is up 1.62% at $189.18, potentially nearing overbought territory. An earnings release is expected in 14 days, and an analyst from Evercore ISI Group maintains an Outperform rating with a target price of $198.0.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:01 pm

AR

Antero Resources shares are trading higher following the release of their Q1 earnings, indicating a positive market response to the financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:49 pm

TSLA

Billionaire investor Ron Baron predicts a significant rise in Tesla Inc (NASDAQ:TSLA) stock, citing the company's recent focus on launching new models and developing an affordable vehicle as key drivers. Despite a 34% drop year-to-date due to concerns over slowing electric vehicle demand, Baron believes Tesla's direction, especially its low-cost car initiative and robotaxi plans, will lead to a substantial stock rebound. Tesla's advantage in data collection from its sold cars positions it strongly against competitors in the robotaxi market. Baron's confidence is bolstered by recent advancements in Tesla's software, propelled by AI.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 6:46 pm

T

AT&T Inc (NYSE:T) reported a Q1 earnings beat with flat revenues. Analysts from Scotiabank, BofA Securities, and Oppenheimer provided positive outlooks, highlighting strong wireless performance, significant free cash flows, and potential for ARPU growth and debt reduction. Despite the positive analyst sentiment, AT&T's stock declined by 1.40% to $16.58.

Portfolio Pulse from Priya Nigam

April 25, 2024 | 6:40 pm

GDX

GDXJ

NEM

Newmont Corp. (NYSE:NEM) shares surged 13% after reporting Q1 2024 earnings that exceeded expectations, with a 38% increase in EPS and a 50% rise in revenue from the previous year. This performance sparked a rally in the gold mining sector, with the VanEck Gold Miners ETF (NYSE:GDX) and the VanEck Junior Gold Miners ETF (NYSE:GDXJ) also seeing gains. Other gold miners like Buenaventura Mining Company Inc. (NYSE:BVN), DRDGOLD Limited (NYSE:DRD), and AngloGold Ashanti plc (NYSE:AU) among others, reported significant one-day market gains.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 6:38 pm

AIRE

ReAlpha Tech Corp. (NASDAQ:AIRE) shares surged 93% Wednesday following the announcement of its AI-powered tool, Claire, aimed at revolutionizing the homebuying process. Claire utilizes over 400 data attributes to match buyers with homes, provide market insights, and assist with queries. Despite the innovation, the company reported Q1 losses of 3 cents per share and $20,430 in sales. The stock continued its upward momentum, rising 16.4% to $1.35.

Portfolio Pulse from Erica Kollmann

April 25, 2024 | 6:36 pm

ATNI

BMY

HTZ

JAKK

PCSA

PI

ULBI

U.S. stocks traded lower with the Nasdaq Composite down by around 100 points. Bristol Myers Squibb shares fell over 8% after Q1 results showed a loss, despite beating revenue expectations. Impinj, Ultralife Corporation, and Processa Pharmaceuticals saw significant gains after positive financial results or analyst coverage. Conversely, ATN International, Hertz Global Holdings, and JAKKS Pacific experienced notable declines due to disappointing financial outcomes.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 6:32 pm

CFR

Cullen/Frost Bankers (CFR) anticipates a slight increase in noninterest income and expects noninterest expense growth to stay within 6%-8%. The company also forecasts net charge-offs and the effective tax rate to normalize or remain stable, respectively.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:32 pm