Streetbeat News

Earnings

FOR

Forestar Group's shares are trading lower following the announcement of their Q2 2024 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:37 pm

AMZN

Needham analyst Laura Martin reiterated a Buy rating on Amazon.com Inc (NASDAQ:AMZN) with a $205 price target, raising fiscal 2024 profit estimates based on expected cost-cutting and margin expansion. Martin predicts Amazon will lead in the AI revolution with its strategic position in GenAI and development of GenAI chips, expecting it to be one of the top beneficiaries in the digital market's 'winner take most' dynamics.

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 6:36 pm

COF

DFS

Discover Financial Services (DFS) reported a Q1 revenue of $4.21 billion, surpassing estimates, but faced concerns over a $799 million charge for card misclassification remediation. Analysts from Goldman Sachs, Evercore ISI, and Wells Fargo commented on the impact of the remediation reserve and the pending acquisition by Capital One Financial Corporation (COF), with mixed ratings and price forecasts for DFS.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 6:19 pm

MBUU

MPAA

TDUP

The article highlights the top 3 oversold consumer discretionary stocks, suggesting they may be undervalued opportunities. Motorcar Parts of America (MPAA), Malibu Boats (MBUU), and ThredUp (TDUP) are identified based on their low RSI values, indicating potential for short-term performance improvement.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 6:17 pm

TTD

Trade Desk (NASDAQ:TTD) has seen a significant bullish sentiment in its options trading, with 78% of traders showing bullish tendencies and a notable volume in both puts and calls. The options activity suggests a price target range of $80.0 to $140.0. The most noteworthy options trades include both bullish calls and bearish puts with various strike prices and expiration dates. Trade Desk's current market position shows a trading volume of 895,488, with a slight price increase of 0.7%, and an RSI indicating it may be approaching oversold territory. An earnings announcement is expected in 20 days, and an industry analyst from Needham has set a price target of $100 with a Buy rating.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 6:04 pm

YOU

Clear Secure (NYSE:YOU) received mixed analyst ratings, with an average 12-month price target of $35.22, reflecting a 23.58% increase from the previous target. The company's financials show strong growth and profitability, with a notable revenue growth rate of 33.3% and a net margin of 8.17%. Analysts' perspectives vary, with recent actions including maintaining and lowering ratings, indicating diverse expectations for the company's performance.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 6:00 pm

AMZN

DIS

NFLX

WBD

Benzinga's poll revealed Netflix as the top streaming platform choice among its readers, with 61% preferring it over Disney+, Amazon Prime Video, and Max. This comes as consumers face decisions on streaming subscriptions amid rising costs. Netflix's aggressive content strategy and Amazon Prime Video's extensive library, including sports rights, position them strongly in the competitive streaming market. Disney+ and Max, despite their unique content offerings, ranked lower. The poll's timing aligns with Netflix's upcoming Q1 earnings, where a potential price hike for ad-free plans is a key focus.

Portfolio Pulse from Chris Katje

April 18, 2024 | 6:00 pm

ALLY

BMI

GPC

Ally Financial Inc. reported better-than-expected quarterly earnings, leading to a 7.7% rise in its stock price. Other companies like Badger Meter and Genuine Parts also saw significant gains after positive financial results. Meanwhile, stocks like Critical Metals Corp., Canopy Growth Corporation, and Humacyte, Inc. recorded substantial increases. Trump Media & Technology Group Corp. explained shareholder actions to prevent short interest positions, contributing to its stock rise.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 5:58 pm

IMAX

Wedbush analyst Alicia Reese reiterated an Outperform rating on IMAX Corp (NYSE:IMAX) with a $22 price target, citing StreamSmart technology and global expansion as key growth drivers. The company is expected to report Q1 FY24 earnings on April 25, with anticipated revenue of $82 million and EPS of $0.15, surpassing previous estimates. IMAX's Q1 global box office on its screens reached $260 million, exceeding expectations. The analyst highlights IMAX's market share gains from the shift towards premium screens and expects less volatility due to a reduced release slate volume in 2024. IMAX's focus on local-language content and the potential of StreamSmart technology are seen as opportunities for further growth. IMAX shares rose 0.94% to $17.24.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 5:55 pm

NOC

Northrop Grumman Corporation (NYSE:NOC) has partnered with SpaceX on a classified U.S. spy satellite project aimed at enhancing surveillance capabilities with high-resolution imagery from low-Earth orbits. This alliance is part of a strategic move to diversify government involvement in sensitive intelligence projects and avoid consolidating control under a single contractor. Northrop Grumman will provide sensors for select SpaceX satellites and conduct testing at its facilities. The company reported a 6% sales growth in Q4 fiscal 2023, with future sales projections for fiscal 2024 between $40.8 billion and $41.2 billion, slightly above consensus estimates.

Portfolio Pulse from Vandana Singh

April 18, 2024 | 5:48 pm