Streetbeat News

Earnings

GS

Goldman Sachs' CEO reported during a conference call that limited partners are pressuring the firm to return more capital. Additionally, the CEO noted that the leveraged finance and deals book is still operating at a historically low level but expressed confidence in bringing platform solutions to profitability by 2025.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:06 pm

D

Recent analyst evaluations of Dominion Energy (NYSE:D) show diverse opinions, with a shift towards a more cautious outlook over the last three months. The average 12-month price target for Dominion Energy is now $49.29, a slight decrease from previous targets. Analyst actions include both upgrades and downgrades, reflecting varied perspectives on the company's performance and market conditions. Despite challenges in revenue growth and profitability metrics, Dominion Energy's market capitalization suggests investor confidence. The company's financial performance indicates a need for improved efficiency and profitability.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:01 pm

LVS

Recent analyst ratings for Las Vegas Sands (NYSE:LVS) show a predominantly bullish outlook, with 5 analysts offering perspectives ranging from bullish to somewhat bullish over the past three months. The average 12-month price target for LVS has been raised to $63.2, indicating a 7.12% increase from the previous target of $59. The company's financials reveal strong performance, with significant revenue growth, high net margin, and robust returns on equity and assets. Las Vegas Sands, now focusing entirely on its Asian and Singapore operations after selling its Vegas assets, is recognized for its strong market position and financial health.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:01 pm

LI

Li Auto (NASDAQ:LI) has received mixed analyst ratings over the last three months, with a shift towards more bullish sentiments. The average 12-month price target is $53.17, a decrease from previous targets. Analysts from firms like Macquarie, Morgan Stanley, Citigroup, Barclays, B of A Securities, and Deutsche Bank have adjusted their ratings and price targets, reflecting a nuanced view of Li Auto's market position. Li Auto, a Chinese NEV manufacturer, reported over 376,000 NEV sales in 2023, with a market cap below industry average, a revenue growth rate of 20.34%, and strong profitability indicators such as a net margin of 13.56%, ROE of 9.95%, and ROA of 4.29%.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:01 pm

TSLA

The analysis compares Tesla (TSLA) against its competitors in the Automobiles industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Tesla's high P/E, P/B, and P/S ratios suggest a premium valuation, while its ROE indicates strong returns on equity. However, its lower EBITDA, gross profit, and revenue growth compared to the industry may signal profitability and growth challenges.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:00 pm

MSFT

The analysis compares Microsoft's financial performance against its competitors in the Software industry, highlighting its valuation metrics, profitability, and growth prospects. Microsoft shows potential undervaluation based on PE and PB ratios, strong profitability with high EBITDA and gross profit, and robust revenue growth surpassing industry averages. However, its PS ratio suggests potential overvaluation based on revenue, and its ROE is below the industry average, indicating room for efficiency improvement.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:00 pm

ONVO

Organovo Holdings, Inc. (NASDAQ:ONVO) shares surged after announcing positive Phase 2 results for FXR314, a treatment for metabolic function-associated steatohepatitis (MASH). The study showed a significant reduction in liver fat content and high tolerability of FXR314. The news led to heavy trading volume, with over 45 million shares traded, far exceeding the 100-day average.

Portfolio Pulse from Erica Kollmann

April 15, 2024 | 2:56 pm

AMC

AMC Entertainment Holdings saw significant options trading activity with a sweep of 1557 calls for the May 10 $3 strike near the ask price of $0.17, compared to an open interest of 4480. This activity comes ahead of their earnings report estimated on May 3, before the market opens, with the stock reference price at $2.61.

Portfolio Pulse from Charles Gross

April 15, 2024 | 2:49 pm

MTB

SNPO

WIRE

M&T Bank Corporation reported Q1 earnings with a slight revenue miss and EPS in line with consensus, causing its shares to surge 5.4%. Other stocks like Snap One Holdings and Encore Wire also saw significant gains due to acquisition news, while companies like Medical Properties Trust and BRF S.A. experienced price increases following strategic moves and upgrades. The overall market sentiment was positive, with the Dow Jones index gaining over 100 points.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 2:44 pm

RARE

Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) reported promising results from a Phase 1/2 study of GTX-102 for Angelman syndrome, showing significant improvements across multiple domains. Despite these positive outcomes, the stock fell 9.55% due to reports of serious adverse events in three patients.

Portfolio Pulse from Vandana Singh

April 15, 2024 | 2:40 pm