Streetbeat News

Earnings

ALK

Alaska Air's CFO reported in a conference call that the economy is expanding, supported by wage growth and improving consumer sentiment. Trends indicate a continuing preference for spending on travel and experiences over goods.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:56 pm

ALK

Alaska Air's executive mentioned uncertainty around aircraft delivery timings following a grounding, leading to the extension of retirements for several older aircraft. However, Q2 bookings are encouraging with healthy yields in April and beyond. The latter half of the year is expected to perform well due to industry capacity constraints.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:50 pm

ET

Energy Transfer (NYSE:ET) has seen a notable increase in options trading activity, with a mix of bearish and bullish sentiment among high-rolling investors. Benzinga's options scanner revealed 11 significant trades, indicating a price target range of $10.0 to $15.5. The trading volume and open interest analysis suggest increased liquidity and interest in ET's options. The company's stock price recently increased by 2.3%, with a current price of $15.58. An earnings announcement is expected in 20 days, and an analyst from Mizuho has set a price target of $19 with a Buy rating.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:48 pm

ALK

An executive from Alaska Air (ALK) stated during a conference call that they do not anticipate any reduction in corporate travel in Q2, suggesting a positive outlook for the company's business travel segment.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:44 pm

CABO

DUOL

Duolingo Inc (NASDAQ:DUOL) shares are trading higher after being selected to join the S&P MidCap 400, replacing Cable One Inc (NYSE:CABO) effective April 22. This inclusion reflects positively on Duolingo's market position and growth prospects. Duolingo is set to report Q1 earnings on May 8, with analysts expecting earnings of 27 cents per share and revenue of $165.64 million. Wall Street views Duolingo as a Buy, with expectations of significant stock price increase.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 3:39 pm

ABNB

Deep-pocketed investors are showing a bearish sentiment towards Airbnb (NASDAQ:ABNB), with options activity suggesting significant market moves. Benzinga's tracking revealed 8 unusual options activities, with a bearish majority among investors. The focus is on a price range of $150.0 to $185.0 for Airbnb, with notable trades including both calls and puts. Airbnb's current market position shows a 2.43% increase in stock price, standing at $162.22, with an earnings announcement expected in 19 days.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:34 pm

LIN

Deep-pocketed investors have shown a bullish sentiment towards Linde (NASDAQ:LIN), with a significant move in options trading detected by Benzinga. The activity includes 25 notable options transactions, with a majority targeting a price range of $440.0 to $480.0 for LIN. The current market status of Linde shows a 0.73% increase in stock price to $450.03, with an upcoming earnings report in 14 days. Analyst opinions vary, with an average price target of $514.0, despite some downgrades to Neutral ratings.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:34 pm

AGBA

AILE

LVS

SPCB

Las Vegas Sands Corp. (LVS) shares fell by around 7% despite reporting better-than-expected Q1 results, with earnings of 75 cents per share and sales of $2.96 billion. Other stocks also showed significant movement, with AGBA Group Holding Limited (AGBA) and Tian Ruixiang Holdings Ltd (TIRX) among the top gainers, while iLearningEngines Holdings, Inc. (AILE) and SuperCom Ltd (SPCB) led the losers.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 3:32 pm

TSM

Taiwan Semiconductor's CEO, C.C. Wei, announced in a conference call that the company expects revenue from AI processors to more than double this year and to account for a low-teens percentage of total revenue in 2024. Over the next five years, this segment is forecasted to grow at a 50% CAGR, increasing to over 20% of the company's revenue by 2028.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:24 pm

TSM

Taiwan Semiconductor's CFO, Jen-Chau Huan, announced a strategy to convert some 5-nanometer tools to support 3-nanometer capacity due to strong multiyear demand. This conversion is expected to dilute the company's gross margin by 1-2 percentage points in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:24 pm