Streetbeat News

Earnings

GLD

NVDA

SOXX

TLT

TSM

The semiconductor sector led a market rally, with Nvidia reaching record highs and TSMC's strong earnings boosting tech sentiment. The iShares Semiconductor ETF rose 2.3%. Gold hit new highs despite rising Treasury yields. The U.S. dollar strengthened, and major indices saw mixed performances.

Portfolio Pulse from Piero Cingari

October 17, 2024 | 5:28 pm

SNV

Synovus Financial Corp. (NYSE:SNV) shares rose following strong Q3 earnings, with EPS of $1.23 beating estimates and revenue surpassing expectations. The company showed significant year-over-year improvements in net income and non-interest revenue.

Portfolio Pulse from Vaishali Prayag

October 17, 2024 | 5:25 pm

UAL

United Airlines (NASDAQ:UAL) reported strong Q3 earnings, surpassing revenue and earnings estimates, and announced a $1.5 billion buyback program. Analysts have raised their price targets for UAL, reflecting positive sentiment. However, UAL's Q4 earnings guidance is below estimates.

Portfolio Pulse from Avi Kapoor

October 17, 2024 | 5:24 pm

UAL

United Airlines shares are experiencing an upward trend as several analysts have increased their price targets following the company's recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:21 pm

ARES

BX

CG

KKR

Shares of private equity stocks are trading higher after Blackstone reported better-than-expected Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:19 pm

CALF

RNSC

XRX

Xerox Holdings (NASDAQ:XRX) is acquiring ITsavvy for $400 million to expand its IT infrastructure capabilities. The acquisition is expected to be accretive to earnings and free cash flow, with the transaction closing in Q4 2024. XRX shares rose 4.25% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2024 | 5:18 pm

CMC

Commercial Metals shares rose after the company reported better-than-expected Q4 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:13 pm

MTB

M&T Bank shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:05 pm

REXR

Rexford Industrial Realty shares are trading lower following the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:04 pm

RIVN

Investors have taken a bearish stance on Rivian Automotive (NASDAQ:RIVN) through options trading, with 70% of transactions being bearish puts. The stock is currently down 2.12% at $10.02, and analysts have mixed ratings with an average price target of $14.6. The next earnings report is expected in 21 days.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 5:02 pm