Streetbeat News

Earnings

GOLD

Recent options trading activity for Barrick Gold (NYSE:GOLD) shows a bearish sentiment among investors, with a notable volume of trades predicting a price range of $10.0 to $25.0. Analysis of call and put options indicates mixed expectations, with 43% bullish and 56% bearish trades. Significant trades include both bullish and bearish positions, with a focus on strike prices between $15.00 and $20.00. Barrick Gold, a major gold and copper producer, has seen its stock price decrease by -5.73%, with an upcoming earnings announcement in 15 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:02 pm

SCHW

Charles Schwab Corporation (NYSE:SCHW) reported Q1 earnings, with shares showing volatility in early trading. Analysts from JPMorgan, Piper Sandler, Goldman Sachs, and Keefe, Bruyette & Woods provided insights, adjusting their price targets and ratings based on the company's performance, including net interest income, cost management, and customer metrics. Key highlights include better-than-expected earnings per share, solid March metrics, stable core deposits, and strong retail engagement.

Portfolio Pulse from Priya Nigam

April 16, 2024 | 4:02 pm

AXP

Recent options trading activity indicates a bullish sentiment among big-money investors towards American Express (NYSE:AXP), with a notable split in sentiment (53% bullish, 46% bearish). The trading activity suggests a target price range of $150 to $240 for AXP over the next three months. The largest trades observed include both bullish and bearish positions, with significant amounts invested in calls and puts. American Express, a global financial institution, is currently trading at $217.13, with an earnings announcement expected in 3 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:02 pm

AESI

Atlas Energy Solutions (NYSE:AESI) received mixed analyst ratings with an updated average 12-month price target of $25.5, reflecting a 6.25% increase from the previous target. Analysts from Raymond James, Goldman Sachs, Barclays, and RBC Capital have adjusted their ratings and price targets, indicating a positive outlook on AESI's performance. Despite a -5.82% decline in revenue growth for the last quarter of 2023, AESI demonstrates strong profitability with a net margin of 25.32%, an ROE of 9.03%, and an ROA of 2.86%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:00 pm

LVMHF

LVMH reported a positive start to the year, achieving growth despite uncertain geopolitical and economic conditions. The company saw growth in Europe and the U.S. on a constant currency and consolidation scope basis, with Japan experiencing double-digit revenue growth. The rest of Asia's performance was buoyed by strong spending from Chinese customers in Europe and Japan.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:51 pm

LVMHF

LVMH reported a Q1 2024 revenue of €20.7 billion, marking a 3% organic growth compared to the previous year. This performance underscores the luxury group's resilience and continued growth momentum in a challenging economic environment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:49 pm

JNJ

MRNA

PFE

SWAV

Johnson & Johnson (JNJ) reported mixed Q1 results with adjusted earnings beating estimates, driven by its medical devices business, notably after acquiring Shockwave Medical Inc (SWAV). Revenue was nearly in line with estimates, showing a YoY increase. The report highlighted weak sales in vision care but strong performance in cancer drug sales, including Darzalex and Erleada. JNJ narrowed its full-year guidance and is focusing on strengthening its position in both the cardiovascular and cancer treatment sectors, similar to efforts by Pfizer (PFE) and Moderna (MRNA) who are also focusing on oncology.

Portfolio Pulse from Upwallstreet

April 16, 2024 | 3:49 pm

ADDYY

Adidas reported its Q1 2024 revenue at EUR 5.46 billion with a gross margin of 51.2%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:46 pm

ADDYY

NKE

Nike shares experienced an uptick following the announcement of Adidas's quarterly results. The performance of Adidas may have implications for market perceptions regarding the competitive landscape in the athletic apparel and footwear industry, potentially benefiting Nike.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:44 pm

LEGN

Legend Biotech announced that CARVYKTI generated approximately $157M in net trade sales for the quarter ended March 31.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:42 pm