Streetbeat News

Earnings

LLY

Eli Lilly and Co (NYSE:LLY) has seen a significant amount of options trading activity, with a mix of bullish and bearish sentiments among investors. The trading volume and open interest suggest a price target range between $300 and $1180. Notable trades include both puts and calls with varying sentiments and strike prices. Eli Lilly, a drug firm focusing on several key healthcare areas, has a current stock price of $747.87, slightly up by 0.15%, with an upcoming earnings report in 13 days.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:01 pm

ASML

TSM

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) shares are trading lower due to ASML Holding N.V.'s (ASML) reported earnings miss. TSMC is anticipated to report its Q1 financial results soon, with expectations set at $1.32 per share and $18.395 billion in revenue. TSMC's previous quarter earnings exceeded estimates, and the company's long-term outlook is influenced by interest rates and historical revenue growth.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 5:52 pm

ARM

ASML

Arm Holdings Plc (NASDAQ:ARM) shares fell in response to ASML Holding N.V. (NASDAQ:ASML) reporting disappointing Q1 results. ASML missed earnings and sales estimates, impacting semiconductor stocks including ARM, which is down over 12% in five days. Despite this, Evercore ISI Group rated ARM as Outperform with a $156 price target. ARM's current price is below its 50-day moving average and its 52-week high.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 5:51 pm

JNJ

Johnson & Johnson (NYSE:JNJ) reported Q1 earnings with an adjusted EPS of $2.71, surpassing the consensus of $2.64, and sales of $21.38 billion, aligning closely with expectations. The company raised its quarterly dividend to $1.24 per share and updated its fiscal year 2024 sales and EPS guidance, slightly above prior forecasts. Despite the positive results, JNJ shares dropped 0.2%. Analysts from B of A Securities, RBC Capital, and Cantor Fitzgerald adjusted their price targets on JNJ following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 5:51 pm

EDBL

INVO

IZM

SBFM

TRV

Travelers Companies, Inc. (TRV) shares fell by 8.1% after reporting mixed Q1 earnings, missing the consensus forecast. Other stocks showed significant movement, with INVO Bioscience, Inc. (INVO) and Edible Garden AG (EDBL) among the top gainers, while ICZOOM Group Inc. (IZM) and Sunshine Biopharma, Inc. (SBFM) led the losers. The market saw a wide range of stock performance, influenced by earnings reports, strategic agreements, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 5:36 pm

NTRS

Northern Trust shares are trading higher, recovering from a decline experienced on Tuesday due to worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:31 pm

ADDDF

ADDYY

NKE

Adidas AG (OTC:ADDYY) (OTC:ADDDF) raised its 2024 profit outlook after a better than expected Q1, signaling recovery from its first annual loss in over 30 years and struggles in North America. CEO Bjorn Gulden's efforts, including inventory reduction, are showing positive signs. Meanwhile, Nike Inc (NYSE:NKE) faces challenges in innovation due to remote work but is implementing a restructuring plan to save $2 billion over three years.

Portfolio Pulse from Upwallstreet

April 17, 2024 | 5:31 pm

ALK

DAL

UAL

Alaska Air Group, Inc. (ALK) is set to report Q1 earnings with analysts expecting a revenue of $2.19 billion and a loss of $1.05 per share. The report will also address safety concerns with Boeing (BA) planes, the impact of a merger with Hawaiian Holdings (HA), and a recent system upgrade issue. Alaska Air previously anticipated a $150 million negative impact from grounding Boeing planes. The merger is under antitrust review, with a lawsuit filed alleging it could harm competition. Delta Air Lines (DAL) and United Airlines Holdings (UAL) reported better-than-expected results, potentially influencing ALK's performance.

Portfolio Pulse from Chris Katje

April 17, 2024 | 5:29 pm

DIA

IWM

QQQ

QQQM

SPY

Major stock indexes have declined due to underperformance in technology and freight sectors, influenced by recent earnings reports.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:16 pm

BAC

Bank Of America shares are trading higher after experiencing a decline on Tuesday due to the announcement of Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:14 pm