Streetbeat News

Earnings

TSM

Taiwan Semiconductor's CFO, Jen-Chau Huan, forecasts Q2 revenue to be between $19.6B-$20.4B, marking a 6% sequential and 27.6% YoY increase. Gross margin is expected to range from 51%-53%, with operating margin between 40%-42%. The company will accrue tax on undistributed retained earnings, leading to a slightly above 19% tax rate for Q2, before reducing to 13%-14% in Q3 and Q4. The FY tax rate is projected to be between 15%-16%, up from 14.5% YoY.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:22 pm

TSM

Taiwan Semiconductor's CFO, Jen-Chau Huan, announced in a conference call that the company concluded Q1 with $60 billion in cash and marketable securities. Q1 capital expenditures were reported at $5.77 billion.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:22 pm

CRM

Financial analysts have observed a significant bullish trend in Salesforce (NYSE:CRM) options trading, with a notable split between bullish and bearish sentiments among traders. The analysis highlights unusual trading activity, focusing on a price target range between $150 and $440. Recent trades include both calls and puts with varying sentiments and expiration dates. Salesforce's current market status shows a slight decrease in stock price, with anticipation of an earnings release in 41 days. Analyst ratings vary, with a consensus target price of $339, suggesting a neutral to positive outlook.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:17 pm

AAPL

ASML

SMH

TSM

The article discusses the high demand for AI chips, highlighting TSM's earnings and its impact on the semiconductor sector, including a broadening top pattern in the VanEck Semiconductor ETF (SMH) chart. It mentions ASML's earnings causing a drop in semiconductor stocks, while TSM's positive earnings report and its plans to maintain high capital expenditure counterbalance this view. The article also covers money flows in major tech stocks and ETFs, the behavior of the momo crowd and smart money in the market, and provides investment strategy advice based on current market conditions.

Portfolio Pulse from The Arora Report

April 18, 2024 | 3:08 pm

INTC

Investors have shown a mixed sentiment towards Intel (NASDAQ:INTC), with options trading revealing a 50/50 split between bullish and bearish positions. Benzinga's options scanner identified 24 unusual trades, indicating a price target range of $19.0 to $70.0 for Intel in the next three months. The trading volume and open interest analysis suggest significant investor interest in options within this price range. Intel's current trading volume is 8,159,226, with a slight price decrease of -0.43%, and an earnings announcement is expected in 7 days. Analysts have varying views on Intel, with target prices ranging from $40 to $62.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:04 pm

SMCI

The analysis compares Super Micro Computer (SMCI) against its competitors in the Technology Hardware, Storage & Peripherals industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. SMCI shows potential undervaluation based on its P/E ratio, but its P/B and P/S ratios suggest overvaluation. Its ROE, EBITDA, and gross profit are below industry average, though it has significant revenue growth and a strong financial position indicated by a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:00 pm

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