Streetbeat News

Earnings

ASML

ASML Holding (NASDAQ:ASML) has seen significant options activity, with a bearish sentiment prevailing among financial giants. Analysis of 19 unusual trades revealed 73% bearish and 26% bullish tendencies. The options activity suggests a price window of $600 to $1320 for ASML. The company, a leader in photolithography systems for semiconductor manufacturing, has its stock currently trading at $967.51, with a slight decrease of -0.13%. An earnings announcement is expected in 34 days.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 2:46 pm

URGN

UroGen Pharma's shares dropped following the announcement of their Q4 earnings per share (EPS) results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:43 pm

MSOS

VRNOF

Verano Holdings (OTC:VRNOF), a marijuana company, is valued at $2.1 billion, outpacing its expected 2024 earnings despite a forecasted 5-7% dip in Q1 2024 sales, mainly due to retail pressures in New Jersey. The company has seen mixed performance across key states, with significant growth in Florida but declines in Illinois, New Jersey, Arizona, and Pennsylvania. However, it has shown resilience with a 16% stock increase over the past 90 days. The broader MSOS ETF (NYSE:MSOS) outperformed Verano with a 23% gain. The financial outlook remains positive, with potential growth drivers including state-level cannabis legalization and the SAFER Banking Act.

Portfolio Pulse from Nicolás Jose Rodriguez

March 14, 2024 | 2:42 pm

BBW

DKS

EGY

HEAR

Build-A-Bear Workshop, Inc. (BBW) reported better-than-expected Q4 EPS but missed on revenue, leading to a 15.7% stock increase. Other stocks also moved higher, including Turtle Beach Corporation (HEAR), VAALCO Energy, Inc. (EGY), DICK'S Sporting Goods, Inc. (DKS), and several others due to various positive financial results, acquisitions, and strategic moves.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 2:38 pm

ULTA

Ulta Beauty, Inc. (NASDAQ:ULTA) is set to release its Q4 financial results on March 14, 2024, with analysts forecasting an earnings increase to $7.53 per share from $6.68 the previous year, and revenue to rise to $3.53 billion from $3.23 billion. Following better-than-expected Q3 sales, ULTA's stock rose 2.1% to $567.18. Analysts from UBS, JP Morgan, Oppenheimer, Baird, and DA Davidson have recently updated their ratings and price targets for ULTA, reflecting a positive outlook.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 2:37 pm

NN

NextNav's shares dropped following the announcement of disappointing Q4 GAAP EPS results, which were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:36 pm

BZH

DHI

LEN

Shares of homebuilders and housing stocks, including Lennar, are trading lower after Lennar reported mixed Q1 financial results. The sector is also impacted by a larger-than-expected Producer Price Index (PPI) increase, indicating potential inflationary pressures that could affect consumer spending and interest rates, further influencing the housing market.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:32 pm

AFRM

Affirm Holdings (NASDAQ:AFRM) has seen a significant amount of options trading activity, with a bearish sentiment prevailing among big-money investors. Benzinga's options scanner revealed 8 unusual trades, with a split of 25% bullish and 75% bearish sentiment. The trades include 4 puts totaling $1,772,078 and 4 calls totaling $166,092, indicating a predicted price range of $20.0 to $38.0 for AFRM over the next three months. The trading volume and open interest suggest increased liquidity and interest in AFRM's options. The company's stock is currently down by -1.83%, with a trading volume of 2,508,136 and an RSI indicating it may be approaching oversold territory. An earnings announcement is expected in 54 days.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 2:16 pm

RIVN

Deep-pocketed investors have shown a bearish sentiment towards Rivian Automotive (NASDAQ:RIVN), with a significant move in options trading observed. Benzinga's options scanner revealed 12 extraordinary activities, with a general mood of 41% bullish and 58% bearish. The largest trades include both calls and puts with expectations of Rivian's price moving between $10.0 to $20.0. Rivian's current trading volume is 7,445,526, with a price decrease of -1.54%, and an earnings announcement expected in 54 days. Analyst ratings vary, with an average target price of $15.6.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 2:16 pm

NYCB

New York Community Bancorp reported a net interest income of $3.1 billion for the year ended December 31, 2023. In February, it received a notification from the FDIC estimating a loss of $20.4 billion due to the protection of uninsured depositors at SVB and Signature Bank, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:08 pm