Streetbeat News

Earnings

WTFC

Wintrust Financial Corp (NASDAQ:WTFC) has received varied analyst ratings over the past three months, with 10 analysts offering insights. The ratings range from bullish to bearish, with a recent shift towards more bullish perspectives. The average 12-month price target for WTFC has been raised to $116.7, indicating a 6.09% increase from the previous target of $110. Analysts have adjusted their ratings and price targets based on market conditions and company performance, with several analysts raising their price targets. Wintrust Financial operates in banking, specialty finance, and wealth management, showing strong financial performance with notable revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 1:01 pm

MDB

In the past three months, 26 analysts have provided ratings for MongoDB (NASDAQ:MDB), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $447.46, down 4.42% from the previous $468.16. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their views on MongoDB's market position and financial health. MongoDB's financial indicators such as market capitalization, revenue growth, net margin, ROE, and ROA are highlighted as positive, with a debt-to-equity ratio below industry norms.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 1:00 pm

DHI

D.R. Horton announced its Q3 expectations, projecting closed homes to be between 23,500 and 24,000, with a gross margin of 23%-23.5%. The company anticipates Q3 revenue to be between $9.5B and $9.7B, which is below the estimated $9.97B.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:00 pm

CSX

CSX shares are trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:54 pm

ELV

Elevance Health's stock is trading higher following the announcement of its Q1 earnings per share (EPS) surpassing expectations and an upward revision of its full-year 2023 (FY23) guidance.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:52 pm

AIRC

BX

LBO

Blackstone Inc (NYSE:BX) shares fell in premarket trading after reporting Q1 FY24 results. Despite beating adjusted revenue expectations with $2.55 billion and distributable earnings per share of $0.98, net accrued performance revenue declined. Assets under management grew 7% Y/Y to $1.06 trillion. The company declared a quarterly dividend of $0.83 per share and repurchased 0.7 million shares. Blackstone also announced the acquisition of Apartment Income REIT Corp. (NYSE:AIRC) for about $10 billion. Exposure to Blackstone stock is available through EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO).

Portfolio Pulse from Lekha Gupta

April 18, 2024 | 12:51 pm

ALK

Alaska Air Group, Inc. (NYSE:ALK) reported a 2% year-over-year increase in Q1 2024 operating revenue to $2.232 billion, surpassing consensus estimates. Despite a decline in adjusted EPS to $(0.92) from $(0.62) a year ago, it beat the consensus of $(1.05). The quarter was significantly impacted by the grounding of the Boeing 737-9 MAX, leading to a $162 million compensation from Boeing. ALK also announced the acquisition of Hawaiian Airlines and provided positive Q2 and full-year 2024 guidance, despite revising growth expectations due to reduced aircraft deliveries from Boeing.

Portfolio Pulse from Akanksha Bakshi

April 18, 2024 | 12:47 pm

OMH

Ohmyhome (NASDAQ:OMH) reported a quarterly loss of $(0.20) per share with sales totaling $3.80 million for FY23.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:47 pm

NEOG

RKT

STCN

Insiders at Rocket Companies, Neogen, and Steel Connect have made notable purchases of their company's stock, indicating potential confidence in their respective company's future prospects. These transactions include purchases by directors and COOs at prices ranging from $9.22 to $12.36, with significant investments made. Analysts have recently maintained or adjusted their views on these companies, with Rocket Companies receiving an underperform rating but with a raised price target, Neogen cutting its 2024 guidance after disappointing earnings, and Steel Connect reporting second-quarter revenues.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 12:47 pm

ASML

META

NVDA

SOXL

SOXS

TSM

XLK

On April 17, U.S. stock indexes experienced fluctuations amid concerns over rising interest rates and corporate earnings reports. The S&P 500, Dow Jones, and Nasdaq saw varied losses, with tech stocks, particularly Nvidia and Meta Platforms, leading declines. Nvidia-focused ETFs and semiconductor stocks were in the spotlight, with significant movements in both bullish and bearish ETFs related to Nvidia and the semiconductor industry.

Portfolio Pulse from Surbhi Jain

April 18, 2024 | 12:45 pm