Streetbeat News

Earnings

CROX

EATV

MVPA

BofA Securities analyst Christopher Nardone reiterated a Buy rating on Crocs, Inc (NASDAQ:CROX) with a price target of $179, ahead of its Q3 earnings report. The analyst projects EPS of $3.17, slightly above guidance and consensus estimates, driven by strong international sales. Attention is on North America trends and the impact of a shift to direct-to-consumer sales. CROX stock has gained over 62% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2024 | 5:58 pm

AAPL

TSM

Needham analyst Charles Shi has raised the price target for Taiwan Semiconductor Manufacturing Company (TSMC) from $210 to $225, citing strong 3nm performance and potential margin expansion. The analyst expects TSMC's revenue to reach $110 billion by 2025, with significant margin improvements due to the absence of 2nm production next year. TSMC's stock is currently down 1.81% at $202.12.

Portfolio Pulse from Anusuya Lahiri

October 18, 2024 | 5:50 pm

CVS

DIA

GDX

NFLX

QQQ

SPY

Stocks rose on Friday, driven by strong earnings reports. Netflix hit record highs with a 10% surge, while gold miners rallied as gold prices reached new records. Oil prices fell below $70, and major indices like the Nasdaq 100 and S&P 500 saw gains. ETFs such as SPY, DIA, and QQQ also rose.

Portfolio Pulse from Piero Cingari

October 18, 2024 | 5:49 pm

ASML

ASML Holding N.V. (NASDAQ:ASML) shares are rising after a previous decline due to soft guidance. The company provided a 2024 Q4 net sales outlook of €8.8-€9.2 billion and expects 2024 fiscal year net sales of €28 billion. For 2025, net sales are projected at €30-€35 billion with a gross margin of 51%-53%. The CEO noted that 2025 guidance is in the lower half of the previous range due to delayed EUV demand.

Portfolio Pulse from Dylan Berman

October 18, 2024 | 5:44 pm

SLB

Schlumberger's shares are experiencing a decline after the company reported mixed financial results for the third quarter.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:39 pm

AXP

American Express (AXP) reported mixed Q3 results, with revenue slightly below expectations but EPS surpassing estimates. Despite a decline in discount revenues, net interest income and card fees showed growth. Goldman Sachs reiterated a Buy rating with a $300 price target. AXP stock fell 2.79% following the report.

Portfolio Pulse from Anusuya Lahiri

October 18, 2024 | 5:09 pm

INDB

Independent Bank's shares are trading lower following the release of their Q3 EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:48 pm

WDFC

WD-40 shares declined following the release of mixed Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:45 pm

AXP

NVDA

QQQ

SPY

The article discusses the economic outlook and stock market trends, highlighting American Express CEO's 'no landing' comment on the U.S. economy, and the potential breakout of Nvidia stock. It also covers housing starts, China's GDP, and money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

October 18, 2024 | 4:43 pm

STLD

Steel Dynamics Inc (NASDAQ:STLD) reported better-than-expected Q3 earnings, with GAAP earnings of $2.05 per share and sales of $4.34 billion. Analysts have raised their price targets following the earnings announcement.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 4:41 pm