Streetbeat News

Earnings

WFC

Wells Fargo's CEO highlighted the ongoing strength in the U.S. economy, maintaining their stance on commercial real estate and noting that consumer and wholesale credit are performing as expected. He also mentioned that market and rate volatility is likely to continue. These insights were shared during a conference call.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:10 pm

GERN

Geron Corporation (GERN) saw significant trading activity in its June 21 call options, with 600 contracts at $1.15 each against an open interest of 8051 contracts. This activity comes ahead of the company's estimated earnings release on May 9, before the market opens. The reference stock price at the time of the option trade was $4.0.

Portfolio Pulse from Charles Gross

April 12, 2024 | 2:07 pm

DKS

Analyst ratings for Dick's Sporting Goods (NYSE:DKS) show diverse perspectives, with recent updates indicating a positive shift in sentiment. The average 12-month price target has risen to $217.17, reflecting a 30.32% increase from the previous target. Analysts from firms like Jefferies, Oppenheimer, and UBS have adjusted their ratings and price targets, generally raising their expectations for DKS's stock performance. The company's financial health is strong, with a market capitalization above industry average, a revenue growth rate of 7.77%, and superior net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 2:01 pm

AFCG

IIPR

MSOS

NLCP

REFI

SSIC

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is highlighted for its growth and resilience in the cannabis sector, with a bullish Overweight rating from Zuanic & Associates. The report compares REFI favorably against AFC Gamma (NASDAQ:AFCG), noting its superior loan portfolio performance and lower non-accruals. REFI's dividend is expected to increase, and its stock has shown an 11% year-on-year growth. The analysis also mentions other significant stocks in the sector, including MSOS (ETF: MSOS), IIPR (NYSE:IIPR), NLCP (OTC:NLCP), and SSIC (NASDAQ:SSIC), each offering unique investment opportunities in the cannabis market.

Portfolio Pulse from Nicolás Jose Rodriguez

April 12, 2024 | 2:00 pm

RANI

Rani Therapeutics Holdings saw a notable options activity with a sweep of 143 calls for April 19 at a $2.5 strike price near the ask, against an open interest of 765. This activity comes ahead of their estimated earnings report on May 8, after market close, with the reference stock price at $5.12.

Portfolio Pulse from Charles Gross

April 12, 2024 | 1:58 pm

Hecla Mining (HL) saw significant options trading activity with a sweep of 999 calls for January 17 at $7, priced at $0.821, against an open interest of 29,877. This activity comes ahead of their estimated earnings report on May 8, with the reference stock price at $5.865.

Portfolio Pulse from Charles Gross

April 12, 2024 | 1:39 pm

STZ

Constellation Brands Inc (NYSE:STZ) reported better-than-expected Q4 FY24 results with a 7.1% sales growth to $2.14 billion and a comparable EPS of $2.30, exceeding consensus estimates. The company also announced strong operating cash flow, reduced net leverage, and significant shareholder returns. FY25 forecasts include 6%-7% net sales growth and a comparable EPS of $13.50-$13.80. Following the announcement, analysts from BMO Capital, UBS, and HSBC raised their price targets on STZ.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 1:38 pm

JPM

JP Morgan Chase's CFO announced that the integration expenses for First Republic are slightly lower than initially estimated, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:33 pm

WFC

Wells Fargo's stock is trading lower after the company announced its financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:31 pm

AMZN

NVDA

SBUX

SMCI

TMUS

Nvidia Corp. (NVDA) has been highlighted as a standout stock, akin to collegiate basketball star Caitlin Clark, for its exceptional performance and earnings per share growth over the past decade. Despite a recent pullback, Nvidia's stock has returned about 2,070% in the last 10 years, outperforming all S&P 500 companies. Analysts predict Nvidia's dominance in the AI market could sustain its stock momentum, with an average price target suggesting nearly 10% upside. Nvidia's fiscal 2024 earnings growth was 586%, driven by strong sales of its AI chips.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 1:22 pm