Streetbeat News

Earnings

ARKK

NVDA

PATH

TWLO

Cathie Wood's ARK Innovation ETF (ARKK) has not held Nvidia (NVDA) shares since early 2023, missing out on Nvidia's significant gains driven by the AI boom. Despite Wood's prediction of the AI revolution's impact on economic growth, ARK opted to invest in less obvious AI companies like UiPath (PATH) and Twilio (TWLO), considering Nvidia overpriced. Nvidia's stock has surged 57% in 2024, significantly outperforming the S&P 500 and Nasdaq 100, after reporting impressive earnings and strong guidance.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 9:17 am

GM

General Motors Co's (NYSE:GM) self-driving car unit, Cruise, is set to resume robotaxi testing in Texas with safety drivers in the coming weeks, following a suspension due to a pedestrian accident. Despite a reported operating loss of $3.48 billion in 2023, GM remains committed to Cruise, planning to reduce spending but continue investing in self-driving technology.

Portfolio Pulse from Anan Ashraf

February 23, 2024 | 9:02 am

H

Hyatt Hotels Corporation (NYSE:H) is anticipated to report lower Q4 earnings with an expected EPS of 39 cents compared to $2.55 in the previous year. Revenue is projected at $1.61 billion, slightly up from $1.59 billion. Recent analyst actions include a downgrade by Evercore ISI Group, price target adjustments by Barclays, Morgan Stanley, HSBC, and Stifel, reflecting varied expectations for the stock's performance.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 7:45 am

AER

BKNG

H

SQ

WBD

Warner Bros. Discovery, Block, AerCap Holdings, Booking Holdings, and Hyatt Hotels are stocks to watch. Warner Bros. is expected to report a quarterly loss, while Block reported mixed Q4 earnings but expects higher Q1 gross profit. AerCap's earnings expectations are positive. Booking reported strong Q4 earnings but its shares fell after announcing a dividend. Hyatt is anticipated to report solid quarterly earnings.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 7:35 am

SCBFF

Standard Chartered Plc (OTC:SCBFF) announced a $1 billion buyback and a final dividend of 21 cents a share after reporting a 63% increase in fourth-quarter adjusted pretax profit to $1.06 billion, beating estimates. The bank launched a 'Fit for Growth' program aiming to save $1.5 billion over three years, despite facing challenges in China and a significant stock value drop after its third-quarter earnings report.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 7:23 am

CCEP

Coca-Cola Europacific Partners Plc (CCEP) forecasts a comparable revenue growth of approximately 4% year-over-year for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:19 am

CCEP

Coca-Cola European (CCEP) reported an 11.85% increase in adjusted EPS to $3.99 from $3.57 YoY and a 7.89% increase in sales to $19.70B from $18.26B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:17 am

EWG

Germany's Gross Domestic Product (GDP) for Q4 showed a year-on-year decrease of 0.2%, aligning with estimates and showing a slight improvement from the -0.4% recorded in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:05 am

EWG

Germany's Gross Domestic Product (GDP) for Q4 showed a contraction of 0.3%, aligning with estimates but indicating a slight worsening from the -0.1% seen in the previous quarter. This data suggests a weakening in the German economy during the last quarter.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:04 am

BTCUSD

NVDA

Peter Schiff highlighted Nvidia's market cap gain of $277 billion after an earnings report, comparing it to the total worth of the top 85 gold mining firms. Schiff, a gold advocate, criticized tech stocks and Bitcoin, sparking debates on investment logic. Nvidia's stock soared 16.4%, making it the fourth-largest company by market cap. Schiff also expressed skepticism about Bitcoin ETFs and potential market manipulation.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 6:54 am