Streetbeat News

Earnings

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

TSM

Taiwan Semiconductor (TSM) shares are trading lower due to continued weakness following their Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:27 pm

JBHT

JB Hunt shares are trading higher as the stock rebounds from a decline following its recent Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:20 pm

AVGO

Broadcom (NASDAQ:AVGO) has seen a bearish sentiment from options traders, with 63% of detected trades being bearish. The trading volume and open interest suggest a price target range of $1000 to $1800. Recent analyst ratings vary, with price targets ranging from $1500 to $1720, despite a slight decrease in AVGO's stock price to $1251.61. The company, a major player in the semiconductor and software industries, is approaching its earnings announcement.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 2:18 pm

DGIN

EDOG

WIT

Wipro Ltd (NYSE:WIT) reported Q4 results with gross revenue of $2.67 billion, surpassing the $2.65 billion consensus, and an EPS of 7 cents, aligning with expectations. Despite a 6.4% Y/Y decline in IT Services revenue, the company anticipates steady growth, projecting Q1 IT Services revenue between $2.617 billion and $2.670 billion. Wipro's stock rose 3.5% following the announcement, and it is also accessible through VanEck Digital India ETF (NYSE:DGIN) and ALPS Emerging Sector Dividend Dogs ETF (NYSE:EDOG).

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 2:17 pm

FITB

Fifth Third Bancorp's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:08 pm

WAL

Analysts have provided mixed evaluations of Western Alliance (NYSE:WAL) with a recent average price target of $79.08, reflecting a 1.51% increase from the previous target. The company faces revenue challenges with a -10.31% decline over 3 months but excels in net margin and ROE. Debt management remains a concern with a higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 2:01 pm

BTCUSD

NFLX

USO

Netflix's stock falls following Q1 earnings report, while US Oil remains stable despite tensions between Iran and Israel. Bitcoin sees an increase in value.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:58 pm

AGBA

EGOX

ISPC

NFLX

SBFM

TIRX

ZCMD

U.S. stocks traded mixed with the Dow Jones gaining over 100 points and the NASDAQ falling. Netflix shares dropped around 8% after Q1 results, despite reporting upbeat earnings and subscriber growth. Other notable movements included significant gains for Next.e.GO, Zhongchao Inc., and AGBA Group Holding, and declines for Sunshine Biopharma, iSpecimen Inc., and Tian Ruixiang Holdings. Commodities saw oil and gold trading down, while silver and copper experienced mixed results. European and Asian markets mostly closed lower.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 1:55 pm