Streetbeat News

Earnings

LGVN

MRNS

NMRA

RARE

SCHW

SNGX

SNPO

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Charles Schwab Corporation reported a decline in Q1 2024 earnings but beat revenue estimates. Soligenix, Longeveron, and Snap One Holdings saw significant stock increases, while Marinus Pharmaceuticals, Neumora Therapeutics, and Ultragenyx Pharmaceutical experienced declines. Crude oil and gold prices fell, while silver and copper prices rose. European and Asian markets showed mixed results, with economic indicators like the NY Empire State Manufacturing Index and retail sales showing improvement.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 4:02 pm

METC

Analyst reviews for Ramaco Resources (NASDAQ:METC) over the last three months show a unanimous bullish outlook, despite a slight decline in the average 12-month price target from $27.25 to $27.00. The company's financial performance indicates strong growth, with a revenue increase of 49.92%, a net margin of 14.82%, and an ROE of 8.32%. Ramaco Resources operates as a metallurgical coal company with operations in West Virginia and Virginia, and explores opportunities in rare earth elements and coal-to-carbon-based products.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 4:01 pm

MGM

Recent analyst evaluations of MGM Resorts Intl (NYSE:MGM) show diverse opinions, with 9 analysts offering ratings ranging from bullish to bearish. The average 12-month price target is $54.33, indicating a 9.76% increase from the previous target. Analyst actions include maintaining, raising, and lowering ratings, reflecting their views on MGM's market position. MGM's financial performance is strong, with significant revenue growth, high net margin, and robust ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 4:00 pm

AMZN

GOOGL

META

MSFT

PLTR

Wedbush Securities analyst Daniel Ives predicts a 15% rise in 2024 for tech stocks including Microsoft, Alphabet, Amazon, Palantir, and Meta, viewing the recent sell-off as a buying opportunity. He attributes the downturn to factors like CPI concerns and geopolitical tensions but expects robust tech earnings to drive growth. Additionally, cybersecurity firms Zscaler, CrowdStrike, Palo Alto Networks, CyberArk, Check Point, and Tenable are highlighted as potential standouts.

Portfolio Pulse from Surbhi Jain

April 15, 2024 | 3:51 pm

PEV

Phoenix Motor shares are trading higher following the company's issuance of Q1 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:25 pm

LIFW

MSP Recovery shares are trading lower following a report of decreased year-over-year sales results.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:17 pm

DELL

Investors and traders have shown increased interest in Dell Technologies (NYSE:DELL), with a notable uptick in options trading activity. Benzinga's options scanner revealed 14 significant trades, indicating a mixed sentiment with 57% bullish and 42% bearish positions. The trades suggest a target price range of $110 to $150 for DELL over the next three months. The company, a major IT vendor, is currently trading at $118.8, with a volume of 2,511,270 and an RSI suggesting it may be approaching overbought territory. Its next earnings release is expected in 45 days.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:16 pm

Benzinga reported unusual options activity for Wayfair (NYSE:W), with over 13 trades totaling $1,238,483. Investors target a price range of $60-$75 for the next three months. The largest trades include both bullish PUT and bearish CALL options. Wayfair, an e-commerce company, saw its stock price drop by -5.0% to $57.32. Analysts have mixed reviews, with an average target price of $76.4. Wayfair's earnings release is anticipated in 17 days.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:16 pm

VIRX

Viracta Therapeutics announced topline results from Stage 1 of the pivotal Phase 2 NAVAL-1 trial for Epstein-Barr virus-positive peripheral T-cell lymphoma, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:12 pm

JPM

WFC

First quarter bank earnings for 2024 showed strong results from Wells Fargo, JPMorgan Chase, Citigroup, and Goldman Sachs, with most surpassing analyst estimates. Wells Fargo and Citigroup reported slight revenue increases and net income declines, while JPMorgan and Goldman Sachs saw significant profit and revenue growth, partly due to higher interest rates, larger loan balances, and a rebound in global M&A activity. Despite the positive results, banks provided conservative guidance due to potential macroeconomic and geopolitical uncertainties.

Portfolio Pulse from Upwallstreet

April 15, 2024 | 3:11 pm