Streetbeat News

Earnings

BA

DAL

JETS

Delta Air Lines Inc (NYSE:DAL) is anticipated to report Q1 financial results with expected revenue of $12.547 billion and earnings per share of 35 cents. Analysts have raised price targets, reflecting optimism. Key watch items include the impact of Boeing Co (NYSE:BA) airplane delays and the airline industry's health. Delta's performance has been strong, with shares up 40.9% over the last year. The U.S. Global Jets ETF (NYSE:JETS), with Delta as its largest holding, has also seen positive movement.

Portfolio Pulse from Chris Katje

April 08, 2024 | 5:58 pm

AIRC

COIN

TLT

TSLA

TSM

Wall Street sees a cautious trading session with slight declines in major indices ahead of a data-rich week, focusing on March inflation data. Tesla rallies 4.5% on 'Robotaxi' news, while Bitcoin surpasses $71,500. The iShares 20+ Year Treasury Bond ETF weakens as Treasury yields rise. Oil prices drop 1% due to eased Middle East tensions. Apartment Income REIT surges 23% after Blackstone's acquisition announcement. Taiwan Semiconductor gains on US subsidy news, and Coinbase outperforms in the crypto sector.

Portfolio Pulse from Piero Cingari

April 08, 2024 | 5:49 pm

GBX

Stephens analyst Justin Long has reiterated an Overweight rating on Greenbrier Companies Inc (NYSE:GBX) and increased the price target from $62 to $65, following a fiscal 2Q24 earnings beat. The beat was attributed to higher-than-expected gains on sale and a lower-than-anticipated tax rate. Adjusted EPS estimates for FY24 and FY25 were raised. The analyst highlighted Greenbrier's potential for margin improvement, increased production levels, and enhanced production visibility into FY25. The company's efforts in doubling recurring revenue in the leasing & management services segment and the recent improvement in new railcar orders were also noted positively. GBX shares rose 3.16% to $54.84.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 5:39 pm

ULTA

Goldman Sachs analyst Kate McShane maintained a Neutral rating on Ulta Beauty Inc (NASDAQ:ULTA) but lowered the price target from $607 to $605, citing slowing trends in the beauty industry and challenges in maintaining market share in the prestige segment. The analyst observed flat sales growth, consistent transaction values, and a slight decrease in mass segment sales. Despite ULTA's strong loyalty program, the company faces tough comparisons and a potential slowdown in the beauty industry, leading to lowered estimates for Q1 comp growth, FY24 comp growth, EBIT margin, and EPS.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 5:37 pm

ASPS

LUXH

LuxUrban Hotels Inc. and Altisource Portfolio Solutions S.A. are highlighted as the top 2 oversold real estate stocks, presenting a buying opportunity. LuxUrban's preliminary Q4 revenue was below estimates, but it saw significant growth in its portfolio and financials, while Altisource reported a narrower-than-expected quarterly loss and is strengthening its financial position despite market challenges.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 5:37 pm

C

Financial analysts have observed a predominantly bearish sentiment towards Citigroup (NYSE:C) based on recent options trading activity. A detailed analysis revealed 84% of trades were bearish, with significant put volume indicating expectations for Citigroup's stock to fluctuate between $55.0 and $70.0 in the short term. Despite this, analysts from Wells Fargo, Goldman Sachs, Keefe, Bruyette & Woods, and HSBC have varying optimistic price targets for Citigroup, with the highest being $80. The company's next earnings report is due in 4 days, potentially influencing its stock price.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:31 pm

HD

Recent analysis of Home Depot's (NYSE:HD) options trading reveals a bearish sentiment among financial giants, with 61% of trades showing bearish tendencies. The analysis highlighted 18 unusual trades, with a significant portion being puts. The expected price range for Home Depot over the next three months is between $300.0 and $375.0. The article also provides insights into Home Depot's current market status, including its trading volume, stock price movement, and RSI indicators.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:16 pm

AMAT

Applied Materials (NASDAQ:AMAT) has seen varied analyst opinions over the past three months, with a recent shift towards more bullish sentiments. The average 12-month price target has risen to $211.41, indicating a 20.93% increase from the previous target. Analysts have adjusted their ratings and price targets, reflecting optimism about the company's market position as the largest semiconductor wafer fabrication equipment manufacturer. Despite a slight revenue decline of -0.47% in the last quarter, Applied Materials boasts a strong financial performance with exceptional net margin, ROE, and ROA, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:01 pm

V

A significant amount of unusual options activity on Visa (NYSE:V) has been detected, indicating a split sentiment among big-money traders, with 55% bullish and 44% bearish. The activity includes both puts and calls, with a price target window from $260.0 to $375.0. Analysts have mixed views on Visa, with target prices ranging from $265 to $335. Visa's current market position is stable, with an upcoming earnings announcement in 15 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:01 pm

JWN

Nordstrom Inc. has appointed Lori Marten as the Executive Vice President and General Merchandising Manager of Nordstrom Rack, its off-price division. This move is part of Nordstrom's strategy to focus on growth and profitability, with plans to open 22 new Rack stores in addition to the 19 opened in 2023. Marten, a 25-year retail veteran, will lead the merchandising team and drive the merchandise strategy for both Nordstrom Rack stores and NordstromRack.com. The company reported a 14.6 percent increase in Rack's sales in the fourth quarter, contributing to Nordstrom's net earnings of $134 million for the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:47 pm