Streetbeat News

Earnings

BA

Boeing's CFO announced during a conference call that the company expects its Free Cash Flow (FCF) in Q2 to improve compared to Q1, although it will still represent a 'sizeable' cash burn.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:50 pm

RUSHB

Rush Enterprises shares are trading lower following the announcement of Q1 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:49 pm

BA

Boeing has announced in their Q1 earnings call that they ended the quarter with 60 Dreamliners in inventory. This update provides insight into Boeing's production and delivery capabilities, potentially impacting investor sentiment and stock performance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:49 pm

EVR

Evercore shares are trading lower following the announcement of Q1 sales results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:48 pm

NVCR

Novocure (NASDAQ:NVCR) announced its METIS phase 3 clinical trial results for brain metastases from NSCLC will be presented at ASCO 2024. The trial showed significant improvement in time to intracranial progression with TTFields therapy. The data will be presented on June 3, highlighting the efficacy and safety of TTFields in treating NSCLC patients with brain metastases.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:47 pm

TSLA

TXN

Major stock indexes have risen after positive earnings reports from various sectors. Texas Instruments (TXN) reported strong earnings, boosting chip stocks, and Tesla (TSLA) also saw gains after its Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:46 pm

MAT

Mattel's shares surged following the announcement of better-than-expected Q1 adjusted EPS results. Additionally, DA Davidson reaffirmed a Buy rating on Mattel and increased its price target from $26 to $27.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:46 pm

CVX

Chevron (NYSE:CVX) has seen unusual options activity indicating a bearish sentiment among financial giants, with a mix of bullish and bearish trades. The options target a price range of $157.5 to $172.5. Chevron's current market position shows a slight decline in stock price with an earnings announcement expected soon. Analyst ratings vary, with an average target price of $191.6, suggesting potential upside.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 2:46 pm

CVNA

Financial analysts have observed a bullish trend in Carvana (NYSE:CVNA) based on unusual options trading activity. A significant majority of the trades were calls, indicating a positive outlook among traders. The price target for CVNA, based on these trades, ranges from $65.0 to $95.0. The company's stock is currently up by 1.36%, with a trading volume of 748,157 and an RSI suggesting it may be approaching oversold territory. Analysts have given mixed reviews, with an average target price of $75.0. The next earnings report is expected in 7 days.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 2:46 pm

BA

Boeing's CFO announced during a conference call that the company expects to achieve rate increases for its 787 model, aiming for 10 units per month by 2026. This statement indicates a positive outlook for Boeing's production capabilities and future demand for the 787 aircraft.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:45 pm