Streetbeat News

Earnings

FTEC

MSFT

SWI

XLK

Microsoft Corp (MSFT) is facing significant cybersecurity challenges, with a series of high-profile breaches reported. The U.S. Cyber Safety Review Board has called for an overhaul of Microsoft's security culture. Despite these challenges, analysts remain optimistic about Microsoft's growth, particularly in AI services through Azure. Microsoft's stock has seen a 43% increase over the last 12 months, but recently traded lower by 3.93%. Exposure to Microsoft can also be gained through ETFs like SPDR Select Sector Fund – Technology (XLK) and Fidelity MSCI Information Technology Index ETF (FTEC).

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 5:15 pm

FAF

First American Financial's shares dropped following a miss in Q1 earnings per share (EPS) and sales forecasts.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:11 pm

SYF

Synchrony Financial (NYSE:SYF) has received diverse analyst ratings over the last three months, with 10 analysts offering evaluations ranging from bullish to bearish. The average 12-month price target for SYF is now $42.8, reflecting a 7.0% increase from the previous target of $40.00. Analysts from firms including B of A Securities, BMO Capital, and Wells Fargo have raised their price targets, indicating a positive outlook on the company's performance. Synchrony Financial, a leader in private-label credit cards in the U.S., has shown strong financial performance with a revenue growth rate of 18.3%, a net margin of 11.72%, and an ROE of 3.27%.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:01 pm

ASO

In the latest quarter, 22 analysts provided mixed ratings for Academy Sports (NASDAQ:ASO), with a shift towards more bullish sentiments. The average 12-month price target was raised to $79.0, indicating a positive outlook. Analyst actions varied, with several adjustments to ratings and price targets reflecting a dynamic view on the company's performance and market position. Academy Sports's financials show strong growth, profitability, and efficient management, with a market capitalization below industry benchmarks but impressive revenue growth and net margins.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:01 pm

CARR

CSD

FPX

Carrier Global Corp (CARR) shares surged following its Q1 FY24 earnings report, with a 17% Y/Y increase in net sales to $6.18 billion, slightly below consensus. Adjusted operating profit rose 44% Y/Y to $927 million, and adjusted EPS of $0.62 beat the consensus of $0.51. The company highlighted the transformative acquisition of Viessmann Climate Solutions and provided an updated FY24 outlook, expecting adjusted EPS of $2.80-$2.90 and sales of ~$26 billion. Investors can also gain exposure to CARR through ETFs like FPX and CSD.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 4:57 pm

LUV

Southwest Airlines' CFO announced in a conference call that the company now expects lower maintenance expenses in 2024 compared to previous forecasts.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:57 pm

LUV

Southwest Airlines' CEO announced during a conference call that the company's near-term capacity growth will be achieved through gauge increases, higher aircraft utilization, including more efficient turnaround times and a modest increase in red-eye flights.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:51 pm

GEV

GE Vernova shares are trading lower due to a Q2 earnings miss.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:48 pm

LUV

Southwest Airlines' CEO announced during a conference call that the company plans further capacity reductions in 2024 and 2025, leading to challenges in headcount and efficiency. The airline has frozen and stopped all hiring except for critical positions, acknowledging they are significantly off their plan to cover the cost of capital in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:47 pm

MELI

Financial analysis reveals a bearish sentiment among traders on MercadoLibre (NASDAQ:MELI), with 58% of options trades showing bearish tendencies. The analysis highlighted 12 unusual trades, with a notable volume of puts over calls. MercadoLibre, a leading e-commerce platform in Latin America, has seen its options targeted within a price range of $1300 to $2600. Despite the bearish options activity, professional analysts from Citigroup, UBS, Wedbush, and Barclays maintain buy or overweight ratings on MELI, with an average target price of $1835. The company's current trading volume is 88,368, with a slight price decrease of -0.77%, and an earnings announcement expected in 11 days.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:45 pm