Streetbeat News

Earnings

F

Recent options trading activity indicates a bullish stance on Ford Motor (NYSE:F) by big-money investors, with a mix of 55% bullish and 44% bearish sentiments. The trading volume and open interest analysis for Ford's options reveal a targeted price range of $9.82 to $19.82. Ford's current market status shows a 3.63% increase in stock price to $12.58, with an earnings announcement expected in 2 days. Barclays maintains an Overweight rating on Ford, with a target price of $16.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:46 pm

AIRE

ReAlpha Tech shares are trading lower following a report of a year-over-year decrease in Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:43 pm

VZ

Verizon shares are trading lower due to a reversal from premarket strength after the company reported mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:24 pm

LSBK

Lake Shore Bancorp (NASDAQ:LSBK) reported a significant decrease in quarterly earnings, with EPS dropping to $0.17 from $0.29 YoY, marking a 41.38% decline.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:23 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is facing a significant downturn, with its stock hitting a new 52-week low of $146.22 on April 19, closing at $147.05. The company is set to report Q1 earnings on April 23, with Wall Street expecting 51 cents in EPS and $21.27 billion in revenues. Challenges include layoffs and a price war in China impacting margins. Despite the bearish trend, analysts have a neutral consensus with a potential upside based on recent ratings.

Portfolio Pulse from Surbhi Jain

April 22, 2024 | 2:21 pm

SHOP

Recent options activity on Shopify (NYSE:SHOP) indicates a bearish stance by big-money investors, with a notable split in sentiment: 44% bullish and 55% bearish. Benzinga's options scanner revealed 9 unusual trades, with a focus on a price band between $70.0 and $92.0. The analysis of volume and open interest suggests heightened activity in this range. Currently, SHOP's stock is slightly up by 1.23% at $70.53, with an anticipated earnings release in 16 days. This activity could signal insider knowledge or expectations of future price movements.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:16 pm

ORCL

Benzinga's options scanner revealed significant options activity on Oracle (NYSE:ORCL), with over 9 transactions totaling $447,265 and 4 puts valued at $528,150. The activity suggests a price target range of $112.0 to $130.0 for ORCL. Notable trades include both bullish and bearish sentiments, with a mix of PUT and CALL options. Oracle's current market position shows a slight increase in stock price to $115.08, with potential indications of being oversold. The next earnings report is expected in 49 days.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:16 pm

FCX

Whales have shown a bearish stance on Freeport-McMoRan (FCX), with options trading indicating a mix of bullish and bearish expectations, but leaning towards bearish. Significant trading activity suggests a price target range of $48 to $60. Analysts have given mixed reviews, with an average target price of $55.33. FCX's current trading volume is 3,697,417, with a price decrease of -1.37%, and an earnings announcement expected soon.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:16 pm

ACI

KR

Albertsons Companies Inc (NYSE:ACI) reported a slight sales growth in Q4 FY23 but missed analyst estimates. The company saw a 0.4% year-on-year increase in sales to $18.34 billion, with a notable 24% increase in digital sales. However, adjusted EBITDA fell by 12.8% Y/Y. Adjusted EPS of $0.54 beat estimates. Albertsons and Kroger Co (NYSE:KR) have updated their divestiture plan with C&S Wholesale Grocers to address antitrust concerns, increasing the total store count to be sold to 579. ACI shares rose by 0.17% following the news.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 2:09 pm

WETH

Wetouch Technology Inc. (NASDAQ:WETH) forecasts a 41% year-over-year revenue growth to $56.3 million for FY24, building on a strong FY23 performance with $39.70 million in revenue and $8.26 million in net income. The company attributes this growth to its commitment to innovation, customer satisfaction, and an expanding global client base.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:01 pm