Streetbeat News

Earnings

HOOD

Robinhood Markets' shares are experiencing an uptick following the release of positive January 2024 operating data. This surge is also supported by the company's recently reported Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:29 pm

AMZN

DIA

MSFT

QQQ

SPY

Wall Street experienced a pause in its recent rally due to a higher-than-expected Producer Price Index (PPI) report for January 2024, indicating persistent inflation. This led to a reduction in expectations for Federal Reserve rate cuts and a rise in yields. The tech-heavy Nasdaq 100 and stocks like Microsoft and Amazon ended their five-week positive streak. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust saw declines, while certain stocks reacted to their earnings reports with significant price movements.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 7:21 pm

HR

Healthcare Realty Trust's shares have declined in response to its Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:01 pm

CF

CF Industries Holdings (NYSE:CF) has been analyzed by 4 analysts over the last three months, showing a shift towards a more bullish outlook with 2 somewhat bullish and 2 indifferent ratings recently. The average 12-month price target has been adjusted to $90.0, marking a 6.74% decrease. Financial indicators reveal CF Industries as a strong performer with significant revenue growth, high net margin, and superior ROE and ROA compared to industry averages. The company's focus on low-cost nitrogen production and investment in carbon-free ammonia positions it well for future growth.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 7:00 pm

BIO

Bio-Rad Laboratories' stock is trading higher after the company reported its fourth-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:58 pm

AMAT

Applied Materials Inc (NASDAQ:AMAT) shares surged after reporting Q1 FY24 earnings and sales above analyst estimates. The company also provided optimistic Q2 guidance. Several analysts raised their price targets, citing the company's leverage in AI silicon technology, product portfolio, and market position as key drivers. Analysts expect continued industry recovery and earnings growth for Applied Materials.

Portfolio Pulse from Lekha Gupta

February 16, 2024 | 6:56 pm

OPEN

Opendoor Technologies' stock price has decreased following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:51 pm

HON

Honeywell reported gross repositioning charges of $342M for 2023, including $162M for workforce reductions of 5,854 positions, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:51 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares have risen over 5% in the past five days following the announcement of a price reduction for the Lucid Air Pure to $69,900, inclusion of two years of free scheduled maintenance, and a $1000 charging accessories allowance. Additionally, CEO Peter Rawlinson received a $6 million bonus for his contributions to the Lucid Gravity SUV. Tesla CEO Elon Musk commented on Rawlinson's bonus, and Lucid is expected to announce Q4 financial results with anticipated losses of 29 cents per share and revenue of $178.297 million.

Portfolio Pulse from Erica Kollmann

February 16, 2024 | 6:38 pm

ARKK

SARK

TARK

TSLA

Tesla (NASDAQ:TSLA) experienced a significant drop after missing its quarterly earnings, contrasting sharply with the success of other tech giants like Nvidia and Microsoft. Despite this, Cathie Wood's ARK Innovation ETF (NYSE:ARKK) purchased 377,000 shares, leveraging her strategy of buying underperforming stocks. Tesla's vision for the future, including autonomous driving and robotics, remains a key investment thesis for Wood. Additionally, the AXS 2X Innovation ETF (NASDAQ:TARK) and the AXS Short Innovation Daily ETF (NASDAQ:SARK) offer leveraged exposure to ARKK's performance for bullish and bearish traders, respectively.

Portfolio Pulse from Johnny Rice

February 16, 2024 | 6:37 pm