Streetbeat News

Earnings

AMZN

BNAI

CAVA

CMG

COF

DFS

NVDA

PLTR

SHOP

Jim Cramer expressed his preference for Amazon over Shopify but recommended sticking with both. He praised Shopify's Q4 revenue growth and EPS, and also recommended Capital One, highlighting its acquisition of Discover Financial. Cramer supported CAVA Group, citing its recovery and favoring Chipotle as the top choice. He endorsed Palantir for its Q4 sales and dismissed Brand Engagement Network in favor of Nvidia. The article also noted recent stock movements for Shopify, Capital One, Palantir, CAVA, and Brand Engagement Network.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 12:43 pm

AAPL

AMZN

COIN

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin are on the rise after the Federal Reserve held rates steady, with predictions of Bitcoin reaching $500K. Amazon is enhancing delivery speeds to compete with Alibaba rivals Temu and Shein. Coinbase is set to introduce futures trading for Dogecoin, Litecoin, and Bitcoin Cash. In the US, market sentiment improves post-Fed decision, and political tensions rise with discussions on Trump's potential return to power. Globally, tensions between the US, China, and Taiwan are highlighted. In tech, Amazon competes in delivery, Apple faces legal challenges, and Meta criticizes Apple's legal evasion. The electric vehicle and healthcare sectors also see significant developments.

Portfolio Pulse from Akanksha Bakshi

March 21, 2024 | 12:42 pm

DRI

During a conference call, an executive from Darden Restaurants reported that unfavorable winter weather had a negative impact on January traffic. Additionally, it was noted that lower-income consumers are reducing their spending at Darden's establishments, aligning the mix of guests based on income with pre-COVID levels.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:41 pm

NCMI

PUBM

QNST

As of March 21, 2024, QuinStreet, Inc. (QNST), PubMatic, Inc. (PUBM), and National CineMedia, Inc. (NCMI) in the communication services sector are identified as overbought with RSI values above 70, indicating potential short-term performance concerns. QuinStreet and PubMatic reported better-than-expected financial results, while National CineMedia posted upbeat results and announced a $100 million share repurchase program.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 12:39 pm

AMZN

FDX

FedEx Corporation (NYSE:FDX) is anticipated to report Q3 earnings of $3.46 per share on revenue of $22.06 billion. The company, having explored collaborations with Amazon.com Inc (NASDAQ:AMZN), offers a dividend yield of 1.94%. To earn $500 monthly from dividends, an investor would need 1,190 shares, valued at approximately $309,388. The dividend yield fluctuates with stock price and dividend payment changes. FedEx shares recently gained 1.3%, closing at $259.99.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 12:38 pm

FIVE

Five Below, Inc. (NASDAQ:FIVE) reported Q4 earnings of $3.65 per share, up from $3.07 year-over-year, with revenue of $1.34 billion, up from $1.12 billion. The company opened 205 new stores in fiscal 2023, with over half in the Five Beyond format. Despite strong sales, earnings were at the low end of guidance due to shrink headwinds. Q1 earnings are expected between 58 cents and 69 cents per share, with revenue between $826 million and $846 million. Shares rose 1.1% to $208.97. Telsey Advisory Group and JP Morgan adjusted their price targets on Five Below following the earnings announcement.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 12:37 pm

ASO

Micron Technology (MU) shares surged 18% following better-than-expected Q2 results and strong Q3 guidance. Lufax Holdings (LU) shares also rose 47% after reporting Q4 financial results. Conversely, Academy Sports and Outdoors (ASO) shares fell 13% due to disappointing Q4 results and lower-than-expected FY24 EPS guidance.

Portfolio Pulse from ryanfaloona@benzinga.com

March 21, 2024 | 12:32 pm

CLF

CSTM

STZHF

JPMorgan analyst Bill Peterson recommends Cleveland-Cliffs Inc (CLF), Stelco Holdings (STZHF), and Constellium SE (CSTM) as top picks in the metals and mining sector. Peterson highlights CLF's aggressive buyback plans and benefits from idling its Weirton tinplate mill, STZHF's value-add products potentially yielding incremental EBITDA, and CSTM's strong aerospace demand and strategic initiatives boosting margins and EBITDA.

Portfolio Pulse from Surbhi Jain

March 21, 2024 | 12:28 pm

SCVL

Shoe Carnival Inc (NASDAQ:SCVL) reported a Q4 FY23 sales decline of 3.7% Y/Y to $280.17 million, slightly missing estimates. Comparable store sales fell 9.4%, and gross profit dropped 10.4% Y/Y. The company announced a dividend increase of 12.5% and has $50 million available for future share repurchases. FY24 EPS is expected to be $2.55 - $2.75, below the consensus of $2.84, with net sales projected between $1.21 billion and $1.25 billion. SCVL shares closed up 3.23% at $32.95.

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 12:24 pm

ASO

Academy Sports and Outdoors' shares dropped following the announcement of disappointing Q4 financial results and FY24 EPS guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:20 pm