Streetbeat News

Earnings

XYF

X Financial's stock price has declined following the announcement of a year-over-year decrease in its Q4 adjusted earnings per ADS.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 4:48 pm

Deep-pocketed investors have shown a significant bearish sentiment towards Boeing (NYSE:BA), as revealed by Benzinga's tracking of public options records. The analysis of 36 extraordinary options activities indicates a divided mood among investors, with 41% bullish and 58% bearish. Notable options activity includes both puts and calls with a total trade price in the millions and expectations of Boeing's price movement between $100.0 to $330.0. Boeing's current market standing shows a slight increase in stock price, with an upcoming earnings announcement. Analyst opinions vary, with target prices ranging from $230 to $250.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:46 pm

SNX

TD SYNNEX Corporation (NYSE:SNX) reported Q1 earnings surpassing expectations with an EPS of $2.99 against a forecast of $2.84, despite missing revenue estimates. The company announced a $2 billion share repurchase program and a quarterly dividend of $0.40 per share. For Q2, TD SYNNEX anticipates revenues between $13.3 billion and $14.9 billion, with an adjusted EPS of $2.50-$3.00. Following the earnings report, Barclays and RBC Capital raised their price targets for SNX to $118.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 4:43 pm

BYDDF

BYDDY

BYD Company aims to significantly increase its international sales of electric vehicles (EVs) to 500,000 units in 2024, doubling from the previous year, with a goal to reach 3.6 million units in total sales. This ambitious target comes amid a period of slowing profit growth and increased competition in the EV market. Despite a potential drop in vehicle margins due to price competition, BYD is focused on profitability through enhanced sales strategies and the introduction of new, more efficient models.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 4:36 pm

AGAE

CZOO

DOGZ

GME

HOUR

JOAN

STKS

In Wednesday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Cazoo Gr (CZOO) with an 82.6% increase and The One Group Hospitality (STKS) rising 23.31%. Among the losers, Dogness (DOGZ) fell by 16% and JOANN (JOAN) dropped 15.46%. Earnings reports influenced several stocks, including Allied Gaming (AGAE), Hour Loop (HOUR), and GameStop (GME).

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

AKLI

LIXT

MESO

STOK

Health care stocks showed significant movement in Wednesday's intraday session, with notable gainers including Stoke Therapeutics (STOK) up 46.1% following their Q4 earnings release, and Lixte Biotechnology (LIXT) rising 43.68%. On the losing end, Akili (AKLI) dropped 18.8%, and Mesoblast (MESO) declined by 12.85%. Other companies like Nuvation Bio (NUVB), Ontrak (OTRK), PAVmed (PAVM), and Nutriband (NTRB) also saw substantial gains, while Salarius Pharmaceuticals (SLRX), XTL Biopharmaceuticals (XTLB), Fresh2 Group (FRES), and PDS Biotechnology (PDSB) experienced declines.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

CISS

SMR

VLD

In Wednesday's intraday session, several industrials stocks experienced significant movements. Notably, NuScale Power (SMR) surged 26.0%, while Velo3D (VLD) plummeted by 41.7% following its Q4 earnings report. Other gainers include Pixie Dust Technologies (PXDT), SunPower (SPWR), Sunrun (RUN), Stem (STEM), and ESGL Holdings (ESGL). On the losing side, besides Velo3D, C3is (CISS), Professional Diversity (IPDN), Earlyworks Co (ELWS), Knightscope (KSCP), and Bowman Consulting Group (BWMN) saw declines, with CISS also reacting to its Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

BTOG

MRDB

OUST

WETH

In Wednesday's intraday session, several Information Technology stocks showed significant movement. MariaDB (MRDB) and Ouster (OUST) were among the top gainers, with MRDB shares rising 70.2% and OUST by 34.93%, following their Q4 earnings reports. Conversely, Wetouch Technology (WETH) and Bit Origin (BTOG) led the losers, with declines of 35.2% and 24.15%, respectively.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

CCL

CUK

Carnival Corp (CCL, CUK) reported a 22% year-on-year sales growth in Q1 2024, reaching $5.406 billion, slightly missing estimates. The stock declined by 2.55%, trading at $16.59. Despite a temporary relocation of Carnival Legend due to Baltimore Harbor's Key Bridge collapse, technical analysis shows strong bullish sentiment, with indicators suggesting a buying opportunity.

Portfolio Pulse from Surbhi Jain

March 27, 2024 | 4:30 pm

BCAB

BioAtla's stock price increased following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 4:24 pm