Streetbeat News

Earnings

NNBR

NN, Inc. (NASDAQ:NNBR) announced $17.2 million in new business awards for Q1 2024, maintaining momentum with over 70% of these awards starting in 2024. The company is on track to meet its 2024 target of $55-$70 million in new business, with wins across North America, South America, Europe, and China. These wins are in strategic areas such as vehicle electrification, fuel efficiency, electrical grid expansion, and orthopedic medical products, contributing to NN's multi-year transformation plan for above-market profitable sales growth.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:12 pm

CUE

Cue Biopharma reported Q1 EPS of $(0.28), missing estimates by 3.7%, but saw a 3.45% improvement over last year. Sales of $1.82M exceeded estimates by 61.15%, marking an 873.8% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:06 pm

KA

Kineta's shares surged following the announcement of positive initial clinical response data from its Phase 1/2 VISTA-101 clinical trial at AACR 2024.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:05 pm

LMT

Investors have shown a significant interest in Lockheed Martin (NYSE:LMT) options, with a mix of bearish and bullish sentiments. Benzinga's options scanner revealed 11 unusual trades, indicating a split sentiment with 45% bullish and 54% bearish. The trades include 4 puts and 7 calls, aiming for a price range of $400.0 to $520.0 for LMT over the next three months. The trading volume and open interest in LMT's options have been closely monitored, showing significant activity within the $400.0 to $520.0 strike price range. Lockheed Martin, the world's largest defense contractor, is currently trading at $452.77, with a slight decrease of -0.57% and an upcoming earnings announcement in 15 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:46 pm

BIDU

Deep-pocketed investors have shown unusual options activity in Baidu (NASDAQ:BIDU), with an equal split between bullish and bearish sentiments. The activity, highlighted by Benzinga's options scanner, involves 22 extraordinary options activities, with a price window targeted between $85.0 and $125.0. The largest trades include both puts and calls, with significant open interest and volume observed. Baidu, a leading internet search engine in China, is currently experiencing a slight downturn in its stock price, with an earnings announcement expected in 36 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:16 pm

CVX

Smart money investors have shown a significant interest in Chevron (NYSE:CVX) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 17 unusual trades, with a lean towards bullish positions (52%) over bearish ones (47%). The trades focus on a price range of $125.0 to $175.0 for Chevron, indicating expectations of notable price movement within this band. Chevron, a major integrated energy company, is currently experiencing a slight price decrease with an RSI indicating potential overbought conditions. An earnings announcement is expected in 18 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:15 pm

FNV

FSM

Fortuna Silver Mines (NYSE:FSM) reported strong Q1 gold and silver production, with gold production at 89,678 ounces and silver at 1.1 million ounces. The company also repaid $40 million on its credit facility and repurchased 1,030,375 shares. Despite a 49% increase in gold production year-over-year, silver production declined by 32%. The company exercised the right to acquire 50% of the 1.2% net smelter return at the Séguéla mine from Franco Nevada Corp (NYSE:FNV) for $6.6 million. Debt was reduced to $206 million, and cash reserves stood at $128 million.

Portfolio Pulse from Stjepan Kalinic

April 08, 2024 | 7:05 pm

COTY

Coty (NYSE:COTY) received mixed analyst ratings with a positive shift in the 12-month price target to $15.0, up 7.91% from $13.90. Analyst actions include maintaining and raising ratings, with price targets ranging from $12.00 to $17.50. Coty's financial performance shows strong revenue growth of 13.39%, a net margin of 10.28%, and efficient debt management. The company, known for its fragrance and cosmetics products, has shown robust financial health and market confidence.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:01 pm

AUUD

LGVN

PERI

PLOW

WTO

U.S. stocks traded higher with the Nasdaq Composite gaining 0.1%. Consumer discretionary shares jumped by 0.9%, while health care shares fell by 0.3%. Perion Network Ltd. (NASDAQ:PERI) cut its FY24 revenue guidance significantly. Auddia Inc. (NASDAQ:AUUD) surged 199% after being awarded a U.S. Patent for its AI technology in the faidr app. UTime Limited (NASDAQ:WTO) and Longeveron Inc. (NASDAQ:LGVN) also saw significant gains. Douglas Dynamics, Inc. (NYSE:PLOW) fell after a downgrade by Baird. Gold and silver prices increased.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 6:51 pm

MDIA

SOHU

SY

TSQ

Four stocks in the communication services sector, Townsquare Media, Inc. (TSQ), Sohu.com Limited (SOHU), So-Young International Inc. (SY), and MediaCo Holding Inc. (MDIA), are considered overbought according to their RSI values, indicating potential short-term performance issues. Recent company developments and stock movements are highlighted, with TSQ and SOHU posting positive financial results, SY showing strong earnings, and MDIA experiencing a significant stake acquisition by Standard General L.P.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 6:40 pm