Streetbeat News

Earnings

AMD

MRVL

MU

NVDA

Semiconductor stocks are trading lower due to pressure from ASML and TSMC's earnings reports and mixed market reactions amid Iran-Israel tensions. AMD, MRVL, MU, and NVDA are among the affected stocks.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:43 pm

MA

Mastercard Inc. (NYSE:MA) launched a mobile virtual card application to enhance contactless payments, featuring advanced security and digital innovations. The app supports cards from multiple issuers and is first adopted by HSBC Australia and Westpac for their corporate customers. Analyst David Koning from Baird maintained an Outperform rating on Mastercard, raising the price target from $525 to $545, citing expected revenue and EPS above consensus for the first quarter. Koning predicts revenues of $6.44 billion and EPS of $3.31-3.33, attributing growth to stable transaction processing and underestimated cross-border revenues.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 3:35 pm

KTOS

Kratos Defense & Security (KTOS) saw significant options activity with a sweep of May 17 $20 calls, indicating investor speculation ahead of its earnings report on May 1. The activity involved 839 contracts at $0.9, compared to an open interest of 8934, with the stock reference price at $18.12.

Portfolio Pulse from Charles Gross

April 19, 2024 | 3:33 pm

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) surpassed Q1 estimates with revenue of $9.37 billion and net income of $2.33 billion, adding 9.3 million subscribers. Despite strong results, shares fell due to lower-than-expected Q2 revenue guidance. Netflix plans to shift focus from subscriber growth to financial metrics and customer engagement. Walt Disney Company (NYSE:DIS) is still trailing in the streaming wars, with Netflix being acknowledged as the industry leader.

Portfolio Pulse from Upwallstreet

April 19, 2024 | 3:28 pm

PLTR

Palantir Technologies (PLTR) saw significant options trading activity with a sweep of 1000 June 21 calls at $0.481 each, compared to an open interest of 6548, ahead of its earnings report on May 6. The stock was trading at $20.79 at the time of the option alert.

Portfolio Pulse from Charles Gross

April 19, 2024 | 3:22 pm

MU

Recent options activity for Micron Technology (NASDAQ:MU) indicates a bearish sentiment among deep-pocketed investors, with a notable division in sentiment: 38% bullish and 61% bearish. The activity highlighted by Benzinga's options scanner includes 36 extraordinary activities, with puts and calls targeting a price range of $80.0 to $160.0. Current trading volume is 9,494,208, with MU's price down by -2.82%, positioned at $108.77. The RSI indicates a neutral position, and earnings are expected in 68 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:17 pm

COST

Financial giants have shown a bearish sentiment towards Costco Wholesale (NASDAQ:COST), with 80% of unusual trades being puts. The options trading suggests a price target range of $575 to $785. Despite this, analysts have mixed views, with an average price target of $744, but individual targets range from $650 to $800. Costco's current trading price is $706.36, with a slight downtrend of -0.69% and an upcoming earnings announcement in 34 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:02 pm

CAT

Investors have shown a bullish stance on Caterpillar (NYSE:CAT), with Benzinga's options scanner revealing 40 uncommon options trades indicating a sentiment split of 72% bullish and 27% bearish. The trades suggest an expected price range for CAT of $290.0 to $440.0 over the next three months. Significant trades include both calls and puts, with a notable volume and open interest in options within the $290.0 to $440.0 strike price range. Caterpillar, a leading manufacturer of heavy equipment, shows a current stock price of $357.54, with an upcoming earnings report in 6 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:02 pm

PENN

PENN Entertainment has seen a diverse range of analyst ratings over the last three months, with a recent negative shift in sentiment as evidenced by a 5.26% decrease in the average price target to $26.12. Analysts from firms like Barclays, Morgan Stanley, and Mizuho have adjusted their ratings and price targets, reflecting changing market conditions and company performance. PENN's financial performance shows challenges, including a -12.0% revenue growth decline and below-average net margin and ROE. The company operates 43 properties across 20 states, with 89% of sales from land-based casinos and 11% from interactive segments.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:01 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) is analyzed against its peers in the Capital Markets sector, showing a premium valuation with high PE, PB, and PS ratios but demonstrating strong financial performance with higher ROE, gross profit, and significant revenue growth. Despite lower EBITDA compared to the industry average, Coinbase's robust profitability and market share expansion are highlighted, alongside a favorable debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:00 pm