Streetbeat News

Earnings

LLY

Eli Lilly and Co (NYSE:LLY) has seen a significant bearish stance from big-money investors, as revealed by options trading data. The sentiment is predominantly bearish with 87% against 12% bullish. Large trades have targeted a price range of $750.0 to $830.0 for LLY over the last 3 months. The trading volume and open interest trends in options indicate a keen interest in these price levels. Eli Lilly, a major drug firm, is approaching its earnings announcement with its stock price slightly up and potentially nearing overbought territory.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 1:45 pm

TSLA

Analysts express skepticism about the impact of Tesla's upcoming robotaxi unveiling on August 8, citing concerns over the full-self-driving software's reliability and potential delivery growth reduction. Future Fund's Gary Black anticipates a lack of investor excitement without assurances on software safety and liability. He also predicts a downward revision of Tesla's 2024 delivery growth and earnings per share estimates. Bernstein analyst Toni Sacconaghi views the robotaxi announcement as aspirational, comparing it to previous Tesla projects like the Semi and Roadster, and highlights competitive threats from companies like BYD.

Portfolio Pulse from Shanthi Rexaline

April 09, 2024 | 1:32 pm

AYRO

AYRO, Inc. has announced in an SEC filing that it aims to reduce its burn rate to approximately $1.5 million per quarter by 2024. This financial target is part of the company's broader strategy to manage its expenses and improve its financial health.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:25 pm

AL

AVUV

BA

EADSY

PSCI

Air Lease Corporation (AL) reported delivering 14 new aircraft in Q1 2024, a decrease from 22 in the same period last year. The company's investments in aircraft fell to $900 million from $1.4 billion year-over-year, and it sold five aircraft, up from two. Air Lease's fleet includes 472 owned and 73 managed aircraft, with 320 new aircraft on order from Boeing (BA) and Airbus (EADSY) through 2028. The company also issued $500 million in senior unsecured notes and disclosed lease agreements for three Boeing 787-9 aircraft with Thai Airways.

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 1:21 pm

GIPR

Generation Income Properties (GIPR) announced that it will not provide guidance on future financial results or details on potential acquisitions and dispositions at this time.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:20 pm

GIPR

Generation Income (NASDAQ:GIPR) reported Q4 sales of $3.122 million, surpassing the analyst consensus estimate of $2.369 million by 31.79%.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:19 pm

GHBWF

GRAM

MAPS

STHZF

California's cannabis sector experienced a 5% sales decline in Q4 2023, with taxable sales dropping 8% to $1.25 billion. Despite rising wholesale prices, retailer margins have tightened, indicating decreased profitability. Companies like Gold Flora, StateHouse, and Weedmaps are highlighted for their market presence amidst challenges, including regulatory hurdles and the flourishing underground market. The upcoming Benzinga Cannabis Capital Conference in Florida is noted as a significant event for industry insights.

Portfolio Pulse from Nicolás Jose Rodriguez

April 09, 2024 | 1:19 pm

COGT

Cogent Biosciences announced preclinical data from its CNS-penetrant ErbB2 inhibitor program, indicating progress in its research efforts.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:13 pm

LCID

Lucid Motors announced its Q1 2024 production and delivery figures, producing 1,728 vehicles and delivering 1,967 vehicles during the period.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:03 pm

SDIG

In March 2024, Stronghold Digital Mining (SDIG) reported mining 179 Bitcoin and generating approximately $0.1M in energy revenue, leading to an estimated total revenue of $11.1M for the month.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:02 pm