Streetbeat News

Earnings

SPGI

S&P Global (NYSE:SPGI) has seen a notable options trading activity, with a bearish sentiment prevailing among traders. Analysis revealed 9 unusual trades, with 44% bullish and 55% bearish. The trades include 4 puts valued at $132,610 and 5 calls valued at $212,880, targeting a price range of $230.0 to $430.0. The current trading volume is 637,456, with SPGI's price up by 1.0% at $430.27. The RSI indicates a neutral position, and earnings are expected in 35 days.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:16 pm

FIVE

Analysts have adjusted their price targets for Five Below Inc (NASDAQ:FIVE) following its Q4 FY23 earnings report, citing concerns over shrink but maintaining a positive outlook on the company's future growth. Despite a comp sales gain of +3.1%, elevated product theft and weaker margins impacted earnings. The company's FY24 guidance was below consensus, but analysts see potential for margin improvement and high visibility to +20% annual net income growth. Efforts to mitigate shrink are expected to show results as the year progresses.

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 6:16 pm

RIVN

Smart money investors have shown a bearish stance on Rivian Automotive (NASDAQ:RIVN), with options trading indicating a split sentiment of 21% bullish and 78% bearish. Significant trading activity has been observed, with a focus on a price band between $10.0 and $22.5. Analyst ratings vary, with an average target price of $19.0. The current market status shows RIVN's price up 0.36% at $11.4, with potential overbought indicators and next earnings expected in 47 days.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:02 pm

AAPL

GLD

MU

Micron Technology Inc. (MU) reported strong earnings with high bandwidth memory for AI applications sold out for 2024, projecting significant revenue. Apple Inc. (AAPL) faces potential legal challenges from the U.S. government over antitrust laws. Gold prices have surpassed $2200 for the first time, reflecting investor concerns over inflation and the Fed's dovish stance. Positive early trade money flows were observed in Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ), while AAPL experienced negative flows. The Swiss National Bank and the Bank of England made notable interest rate decisions.

Portfolio Pulse from The Arora Report

March 21, 2024 | 6:02 pm

ARGX

GES

LU

MU

Guess?, Inc. (NYSE:GES) reported Q4 earnings surpassing estimates and declared a special dividend, leading to a 23.1% stock rise. Other stocks like Lufax Holding, Nortech Systems, and Micron Technology also saw significant gains following positive financial results or other favorable news. Notably, Micron Technology's strong Q2 results and Q3 guidance boosted its shares by 14.7%, while argenx SE surged 14.4% after competitors' data fell short.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 5:58 pm

NKE

Nike, Inc. (NKE) is set to release its Q3 earnings on March 21, 2024, with analysts forecasting a decrease in earnings per share from 79 cents to 74 cents year-over-year, and a projected quarterly revenue of $12.29 billion. The company announced plans to cut about 2% of its workforce to save costs and invest in key categories. Shares rose 0.3% to $100.27 recently. Analysts have revised their ratings and price targets ahead of the earnings call, with most maintaining a positive outlook but adjusting price targets downward.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 5:57 pm

META

YALA

Yalla Group Ltd. (NYSE:YALA) is advancing its gaming division by focusing on mid- and hardcore games, partnering with established game publishers after learning from its initial foray. The company's Q4 revenue increased by 7.7% year-over-year to $80.9 million, with gaming growing 35% to $28.5 million. Yalla aims to leverage its strong position in the MENA region, enhancing its social media apps and exploring new markets. Despite a slight decline in its stock post-earnings, Yalla's shares have risen 42% over the last year, trading at a P/E ratio of 9.3, compared to Meta's 34.

Portfolio Pulse from The Bamboo Works

March 21, 2024 | 5:42 pm

TITN

Titan Machinery's shares dropped following the announcement of Q4 financial results and FY25 EPS guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:39 pm

IRON

Disc Medicine shares dropped following the announcement of disappointing Q4 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:37 pm

SCVL

Shoe Carnival's stock is trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:35 pm