Streetbeat News

Earnings

COP

ConocoPhillips Inc. (NYSE:COP) stock has seen a 0.25% increase in the current session, trading at $126.54. Over the past month and year, the stock has risen by 12.94% and 26.37%, respectively. Its P/E ratio of 13.93 is higher than the industry average of 12.51, suggesting it might be overvalued or expected to outperform its peers in the Oil, Gas & Consumable Fuels industry.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 6:45 pm

XEL

Xcel Energy Inc. (NASDAQ:XEL) experienced a 1.44% drop in the current session, trading at $51.73. Over the past month and year, the stock has fallen by 11.25% and 22.26%, respectively. Its P/E ratio of 16.35, compared to the Electric Utilities industry average of 18.0, suggests it may be undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 6:30 pm

HGV

Mizuho analyst Ben Chaiken initiated coverage on Hilton Grand Vacations Inc. (NYSE:HGV) with a Buy rating and a price target of $63, citing potential revenue synergies from the Bluegreen transaction and benefits from selling more owned inventory. Chaiken forecasts a $1.24 billion EBITDA for FY24 and sees upside from conservative sales & marketing expectations. HGV shares rose 2.6% to $46.98.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 6:21 pm

BMMJ

Body and Mind Inc. (BMMJ) reported its Q2 fiscal year 2024 financial results, showing a 94% reduction in net loss year-over-year and flat revenue growth. The company announced the divestiture of its Nevada operations for $2 million to focus on expanding in the Illinois and New Jersey markets, which are seen as underserved. Gross profit and margin improved, while operating expenses decreased. BMMJ's stock dropped 15.9574% following the announcement.

Portfolio Pulse from Jelena Martinovic

March 26, 2024 | 6:16 pm

TNL

Mizuho analyst Ben Chaiken initiated coverage on Travel+Leisure Co (NYSE:TNL) with a Neutral rating and a $55 price target, citing headwinds in the Vacation Ownership Interests (VOI) and Travel & Membership segments. The VOI segment faces challenges from accelerating new owner sales and rising interest rates, leading to a $30 million EBITDA headwind in FY24. The Travel & Membership segment is impacted by industry consolidation and lack of traction in TNL's travel club. Despite short-term challenges, the long-term outlook remains positive.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 6:12 pm

MKC

STX

TNDM

TSLA

UPS

VKTX

Wall Street is poised to end a two-day losing streak with major indices showing modest gains. The S&P 500, Dow Jones, Nasdaq 100, and Russell 2000 all saw increases, while the VIX index's decline indicates low market volatility. Economic data revealed a 1.4% rise in durable goods orders, exceeding expectations. Sector performance was mixed, with retail stocks leading gains. Notable stock movements include Tesla's rise after Italy's interest in electric truck production, UPS's decline following CEO remarks, and McCormick's surge on strong earnings. Other significant movers were Seagate Technology, Tandem Diabetes Care, and Viking Therapeutics. GameStop, nCino, and Progress Software are set to report earnings.

Portfolio Pulse from Piero Cingari

March 26, 2024 | 6:08 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has received mixed reviews from analysts, with a recent shift towards a more bearish stance in the last 30 days. The average 12-month price target for ADP has been raised to $254.25, indicating a 7.58% increase from the previous target. Analysts from firms like Evercore ISI Group, Mizuho, RBC Capital, and B of A Securities have updated their ratings and price targets, reflecting various perspectives on ADP's market performance. ADP's financial indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management are highlighted, showcasing the company's strong market position and financial health.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 6:01 pm

UNF

UniFirst (NYSE:UNF) is scheduled to release its quarterly earnings report on March 27, 2024, with analysts predicting an EPS of $1.42. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but followed by a 2.69% drop in share price. Over the last year, UNF shares have declined by 3.23%, indicating a bearish sentiment among long-term investors.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 6:00 pm

CCL

NCLH

Mizuho analyst Ben Chaiken initiated coverage on Carnival Corp (NYSE:CCL) with a Buy rating and a $21 price target, citing fleet optimization and potential for explosive earnings growth. Carnival sold nearly 20% of its lower-margin fleet during the COVID shutdown, which is expected to significantly boost EBITDA/ALBD of the remaining fleet. The company's long-term earnings outlook suggests $6.8 billion in EBITDA by 2026, with a potential to generate $6 billion in FCF over the next three years. The analyst also notes a valuation discount to Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) and favorable future yield growth from new developments.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 5:58 pm

ASML

Smart money investors have shown a significant interest in ASML Holding (NASDAQ:ASML) options, with a bearish stance overall. Benzinga's options scanner revealed 21 unusual trades, indicating a split sentiment with 38% bullish and 61% bearish. The trades focus on a price range between $740 and $1180 for ASML, with notable options trades including both calls and puts. ASML, a leader in photolithography systems for semiconductor manufacturing, has seen its stock price increase by 0.67%, with an earnings announcement expected in 22 days.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 5:45 pm