Streetbeat News

Earnings

WABC

Westamerica Bancorp (NASDAQ:WABC) reported Q1 earnings of $1.37 per share, meeting analyst estimates but marking a 9.27% decrease from last year. Sales were $76.19M, missing estimates by 1.71% and down 4.89% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:55 pm

VZ

Investors have shown a bearish stance on Verizon Communications (NYSE:VZ) through significant options trading activity, as detected by Benzinga's options scanner. The trading sentiment is split with 33% bullish and 66% bearish, focusing on a price range of $35.0 to $45.0 for VZ over the next three months. Notable options trades include both puts and calls with varying sentiments and strike prices. Verizon's current market position shows a slight price increase with a neutral RSI, and its next earnings report is due in 4 days. Analyst opinions on VZ are mixed, with target prices ranging from $39 to $48.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:50 pm

SLB

Financial analysis of Schlumberger (NYSE:SLB) options trading reveals a bearish trend among investors, with 62% showing bearish tendencies compared to 37% bullish. The analysis highlighted 8 unusual trades, with a focus on a price band between $45.0 and $67.5. Notable options activity includes both puts and calls with varying sentiments and strike prices. Schlumberger, the world's largest oilfield service firm, saw its stock price increase by 1.5% to $51.57, with an upcoming earnings report that could influence future trading.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:50 pm

DFS

Discover Financial Services' shares increased following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:49 pm

MAN

ManpowerGroup Inc (NYSE:MAN) shares surged after reporting Q1 FY24 results, with a sales decline of 7.3% to $4.40 billion, missing estimates, but adjusted EPS of $0.94 beating the consensus. The company sees Q2 FY24 EPS of $1.24 - $1.34, above estimates, despite a cautious outlook from employers in North America and Europe.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 2:48 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 18th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers specific price levels for potential breakouts or reversals for each asset. The memo also highlights the importance of monitoring significant economic releases and events, including jobless claims, the Philly Fed Business Outlook, Existing Home Sales, and statements from Fed members, which could influence market volatility. Additionally, it mentions Netflix's earnings release after the market closes.

Portfolio Pulse from RIPS

April 18, 2024 | 2:48 pm

SNA

Snap-On reported worse-than-expected Q1 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:47 pm

ALLY

Ally Financial's stock is trading higher following the announcement of their Q1 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:45 pm

NFLX

Netflix, Inc. (NASDAQ:NFLX) is set to release its Q1 earnings after the market closes on April 18, 2024, with analysts forecasting earnings of $4.52 per share on $9.28 billion in revenue, up from last year's figures. The company's film division is undergoing a reorganization, and its stock price recently fell by 0.6%. Analysts from Guggenheim, Morgan Stanley, JP Morgan, Evercore ISI Group, and Oppenheimer have updated their ratings and price targets for Netflix, reflecting a positive outlook.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 2:33 pm

GPC

Genuine Parts Company (NYSE:GPC) shares rose after reporting Q1 earnings with an EPS of $2.22, surpassing the consensus of $2.16, despite revenue of $5.784 billion missing estimates of $5.844 billion. Sales increased by 0.3% YoY, driven by acquisitions but offset by a decrease in comparable sales and foreign currency impacts. Automotive sales grew by 1.9%, while Industrial sales declined by 2.2%. The company raised its FY24 EPS outlook and reaffirmed revenue growth projections, leading to an 11.9% increase in share price to $161.17.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 2:30 pm