Streetbeat News

Earnings

SNAX

Stryve Foods' shares have declined due to the company reporting lower than expected revenue for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:10 pm

The article provides an in-depth comparison of Visa (NYSE:V) against its competitors in the Financial Services industry, focusing on key financial metrics. Visa, the world's largest payment processor, processed over $14 trillion in fiscal 2022. It has a lower P/E ratio than the industry average, suggesting potential value. However, its P/B and P/S ratios indicate it might be overvalued based on book value and sales performance. Visa's ROE, EBITDA, and gross profit are significantly higher than the industry average, demonstrating strong profitability and growth potential. Despite this, Visa's revenue growth is below the industry average.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:00 pm

AVGO

The analysis compares Broadcom (AVGO) to its competitors in the Semiconductors & Semiconductor Equipment industry, highlighting its financial metrics, market position, and growth prospects. Broadcom, with over $30 billion in annual revenue, sells core semiconductor products and software. It has a lower P/E and P/B ratio than the industry average, suggesting undervaluation, but a higher P/S ratio, indicating potential overvaluation in sales performance. Its ROE is below the industry average, but it has higher EBITDA, gross profit, and revenue growth, showcasing strong financial performance.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:00 pm

CVS

ELV

HUM

TSLA

UNH

USO

An Israeli air strike killed a top Iranian general, causing oil prices to rise and impacting stock market sentiment negatively due to inflation concerns. Tesla Inc and several healthcare companies including CVS Health Corp, Elevance Health Inc, UnitedHealth Group Inc, and Humana Inc are facing selling pressure due to disappointing news. Early trade shows negative money flows in major tech stocks and ETFs, while the momo crowd is buying stocks and gold. The United States Oil ETF is popular among oil buyers. Investors are advised to adjust their protection bands in light of these developments.

Portfolio Pulse from The Arora Report

April 02, 2024 | 2:57 pm

DIS

META

MPC

NFLX

VLO

The S&P 500 Index saw a 9.94% increase in Q1 2024, with energy and communication services sectors leading. Energy sector stocks like MPC, VLO, TRGP, FANG, and PSX showed significant gains, attributed to rising oil prices and demand. Communication services sector stocks, including META, DIS, NFLX, VZ, and OMC, also performed well, driven by digital services demand and content consumption. ETFs tracking these sectors, SPY, IVV, VOO, XLE, and XLC, reflect the market's growth.

Portfolio Pulse from Surbhi Jain

April 02, 2024 | 2:56 pm

GRTS

Gritstone Bio Inc (NASDAQ:GRTS) released preliminary Phase 2 data for its cancer vaccine GRANITE, showing early benefit trends in metastatic colorectal cancer patients. The study highlighted a 100% vaccine manufacturing success rate and a favorable safety profile. Concurrently, Gritstone priced a $32.5 million public offering and announced a 40% workforce reduction due to a delay in the CORAL Phase 2b study and subsequent loss of anticipated funding. GRTS shares dropped 43% to $1.34.

Portfolio Pulse from Vandana Singh

April 02, 2024 | 2:56 pm

BURL

LEVI

PVH

VFC

Retail and apparel stocks are trading lower, potentially in sympathy with PVH Corp. after it issued weak Q1 guidance. The sector's downturn may also be attributed to overall market weakness due to a rise in yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:52 pm

PVH

PVH Corp (NYSE:PVH) shares fell despite reporting strong Q4 results, with analysts highlighting 'healthy' gross margins for Calvin Klein and Tommy Hilfiger. JPMorgan raised its price target, while BMO, Telsey, and Wedbush provided mixed views on future guidance and market challenges. Concerns include lower-than-expected guidance for Q1 and FY, with impacts from the sale of Heritage Brands women's intimates and a challenging macro environment, especially in Europe.

Portfolio Pulse from Priya Nigam

April 02, 2024 | 2:45 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) reported increased vehicle production and deliveries for Q1 2024 compared to the previous year, meeting its expectations. The company reaffirmed its 2024 production guidance of 57,000 vehicles and introduced a new midsize platform for the R2 and R3 product lines, with R2 starting at $45,000. Despite these developments, RIVN shares dropped 3.83% to $10.66.

Portfolio Pulse from Nabaparna Bhattacharya

April 02, 2024 | 2:33 pm

CHX

MEG

SLB

ChampionX Corporation shares surged 9.5% after Schlumberger Limited announced its acquisition. Other stocks like VirTra, Inc., TMC the metals company Inc., and Montrose Environmental Group also saw significant gains following positive financial results and strategic moves. The overall market was down, with the Dow Jones dropping around 400 points.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 2:31 pm