Streetbeat News

Earnings

AMZN

Amazon's stock has seen a significant rise, reaching a new high on April 11th and briefly surpassing its all-time peak from July 2021. With a 22% increase in 2024, the stock could potentially target the $200 mark if it breaks past its recent high. Amazon Web Services (AWS) continues to grow, nearly hitting a $100 billion annualized revenue run rate. First-quarter earnings predictions for Amazon are set at 83 cents a share on $142.6 billion in revenue, indicating a projected 11.6% sales growth. The stock's future momentum hinges on surpassing its previous all-time high, with a potential aim for the $200 level.

Portfolio Pulse from Zaheer Anwari

April 18, 2024 | 4:40 pm

AMC

Wedbush analyst Alicia Reese lowered the price target for AMC Entertainment Holdings Inc (NYSE:AMC) from $6 to $4 while maintaining a Neutral rating. Despite this, Reese raised first-quarter revenue estimates for AMC due to better box office trends and potential for market share expansion. AMC's heavy debt load and future share issuance plans are concerns. AMC shares are trading lower, down 1.5% at $2.93.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 4:39 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is anticipated to report Q1 earnings with an EPS of $4.52 and revenues of $9.28 billion. Despite a year-to-date increase of 27% and a yearly rise of 84.45%, technical analysis shows mixed sentiments with a slight bearish bias ahead of the earnings. Indicators like the SMA and MACD suggest bullish momentum, while the RSI and Bollinger Bands indicate potential bearish movements. Analyst consensus rates NFLX as a Buy with a target price of $546.97, though recent assessments suggest a higher average target of $612.67, with a slight potential downside.

Portfolio Pulse from Surbhi Jain

April 18, 2024 | 4:38 pm

ALLY

COF

DFS

SYF

WFC

Bank stocks are trading higher, potentially due to positive earnings reports from Ally and Discover Financial Services, which may be influencing the sector.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:33 pm

ALRN

BPTH

ICU

In Thursday's intraday session, several healthcare stocks experienced significant movements. Bio-Path Holdings, Aileron Therapeutics, 23andMe Holding, SINTX Techs, iSpecimen, and Benitec Biopharma were among the gainers, with increases ranging from 25.62% to 67.1%. On the downside, SeaStar Medical Holding, Aptorum Group, NRX Pharmaceuticals, Genetic Technologies, Ontrak, and INVO Bioscience saw declines between 20.34% and 27.0%. These movements were influenced by recent earnings reports and market dynamics.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 4:31 pm

AGFY

DFLI

SWVL

XPON

In Thursday's intraday session, several industrials stocks saw significant movements. Expion360, Swvl Hldgs, Dragonfly Energy Hldgs, Surf Air Mobility, VirTra, and ESGL Holdings were among the gainers with notable increases in their share prices. On the downside, Solidion Technology, SolarMax Technology, Agrify, Polar Power, Shengfeng Development, and iPower experienced declines. Dragonfly Energy Hldgs and Agrify released their Q4 earnings reports three days ago, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 4:31 pm

BTCUSD

The upcoming fourth Bitcoin halving, scheduled for around April 20, will reduce miner rewards from 6.25 BTC to 3.125 BTC, impacting mining profitability and potentially influencing Bitcoin's price and ecosystem. Efficiency in mining operations will become crucial, and transaction fees will gain importance for miner revenue. The event could attract institutional investors due to the launch of spot Bitcoin ETFs, contributing to demand. Historical trends suggest possible price appreciation post-halving, but investors should be wary of volatility and macroeconomic factors.

Portfolio Pulse from Murtuza Merchant

April 18, 2024 | 4:30 pm

FOXA

FOX Corp's OutKick platform reported significant growth in Q1 of 2024, with a 10% increase in total multiplatform views to 81 million, and a 7% increase in total multiplatform minutes to 78 million, according to Comscore. The platform also experienced a rise in average monthly multiplatform unique visitors to 6.1 million. Additionally, OutKick's social media presence grew, with over 4.5 million total social actions and 52.4 million video views across Facebook, X (formerly Twitter), and YouTube, marking increases of 32.4% and 14% respectively from the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:23 pm

COTY

ELF

Shares of cosmetics and personal products companies, including COTY, EL, and ELF, are trading higher following L'Oreal's announcement of Q1 revenue growth.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:17 pm

ALK

During a conference call, Alaska Air's CFO stated that there is no indication of demand slowing down and the company does not anticipate any decrease in demand.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:10 pm