Streetbeat News

Earnings

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

MTN

Vail Resorts' shares dropped following a late-season update indicating a 7.8% decrease in skier visits year-over-year, with expectations to finish at the low end of the EBITDA guidance range.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:00 pm

LLY

Eli Lilly and Co (LLY) is evaluated against its pharmaceutical industry peers, showing a higher valuation but strong profitability and revenue growth. Despite high PE, PB, and PS ratios indicating potential overvaluation, LLY's ROE and revenue growth outperform industry averages. However, concerns arise from its lower EBITDA and gross profit, alongside a higher debt-to-equity ratio, suggesting financial risk and operational efficiency challenges.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:00 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing for a critical Q1 earnings call on April 23, following recent layoffs and share price declines. Wedbush analyst Dan Ives, maintaining an Outperform rating and a $300 price target, highlights the importance of this earnings call for Tesla and CEO Elon Musk. Ives points out challenges such as demand erosion in China and debates over product priorities, emphasizing the need for a clear strategy to address negative growth trends, the 2024 outlook, the Model 2 update, and AI initiatives. Tesla's stock has fallen 39.7% year-to-date, with shares trading at $150.46.

Portfolio Pulse from Chris Katje

April 19, 2024 | 2:55 pm

EDXC

Endexx Corporation (OTC:EDXC) reported an 82% year-over-year increase in 2023 revenue, totaling $3.9 million, driven by its expansion into international markets, notably Italy, which accounted for 48% of total revenues. Despite the revenue growth, the company experienced a gross loss of $879,709, a significant shift from the previous year's gross profit of $1.2 million. Operating expenses decreased to $4.3 million from $5.1 million, but the loss from operations and net loss attributable to shareholders widened. Endexx's total assets decreased, and total current liabilities increased. The company's shares were down 2.44% at $0.02 per share.

Portfolio Pulse from Jelena Martinovic

April 19, 2024 | 2:46 pm

ALVO

AMC

CNS

CYH

FITB

MCB

PARA

Fifth Third Bancorp reported better-than-expected quarterly earnings, leading to a 4.2% rise in its stock price. Other companies like Metropolitan Bank Holding, Paramount Global, and several others also saw significant stock price increases on Friday due to various positive financial results and strategic moves.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 2:40 pm

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) and Walt Disney Co (NYSE:DIS) are at the forefront of the streaming industry battle, with Netflix achieving significant subscriber growth and Disney focusing on cost reduction and profitability. The streaming market is expected to grow substantially, with Netflix showing a stronger stock performance over the past year compared to Disney. Both companies face challenges but maintain a Buy rating from analysts, with Disney having a higher upside potential according to consensus price targets.

Portfolio Pulse from Surbhi Jain

April 19, 2024 | 2:38 pm