Streetbeat News

Earnings

LXEO

Lexeo Therapeutics (NASDAQ:LXEO) reported a significant improvement in its Q4 earnings, with a loss of $(0.86) per share compared to a loss of $(8.86) per share year-over-year, marking a 90.29% increase in earnings.

Portfolio Pulse from Happy Mohamed

March 11, 2024 | 11:56 am

BNTX

BioNTech announced it will present clinical data updates for its personalized mRNA-based and targeted oncology candidates at the AACR 2024 conference. This showcases the company's ongoing efforts in advancing its oncology pipeline.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 11:53 am

AUR

DAVA

LPSN

SMSI

SNOW

The article highlights the top 5 oversold tech stocks in March, based on their RSI values being near or below 30, indicating potential undervaluation. These include Smith Micro Software (SMSI), Aurora Innovation (AUR), Snowflake (SNOW), Endava (DAVA), and LivePerson (LPSN), each with recent financial results and stock performance updates.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 11:50 am

FTRE

Fortrea Holdings reported disappointing Q4 financial results, leading to a decline in its share price. The company also announced plans to divest assets related to its Enabling Services segment.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 11:47 am

OSG

Overseas Shipholding Gr (OSG) reported a significant increase in Q4 EPS to $0.26, up from $0.11 YoY, despite a slight decrease in sales to $116.02M from $121.76M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 11:39 am

ELTK

Eltek (NASDAQ:ELTK) reported Q4 earnings of $0.22 per share, missing the consensus estimate of $0.31 by 29.03%, but showed a 57.14% increase from last year. Sales were $12.32M, slightly above the $12.20M estimate, marking a 17.58% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 11:33 am

GNE

Genie Energy reported a decrease in Q4 adjusted EPS to $0.37 from $0.61 YoY, while sales increased to $104.90M from $81.40M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 11:32 am

COIN

HOOD

QQQ

SPY

U.S. stocks are poised for a lower open as investors await the February CPI report, crucial for the Fed's rate decision. Last week, major indices closed lower, with tech stocks leading the decline. Analysts remain optimistic about the 'Magnificent 7' stocks despite recent volatility. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. Coinbase and Robinhood surged with Bitcoin's rise. Asana, Casey's General Stores, Oracle, and Vail Resorts are set to report earnings. Global markets showed mixed reactions, with Asian markets mostly down and European markets opening lower.

Portfolio Pulse from Shanthi Rexaline

March 11, 2024 | 11:24 am

AVGO

CRWD

FERG

MRVL

NEXN

Wall Street's most accurate analysts, with an 87% accuracy rate, have made new stock picks with significant upside potential. Chris Caso of Wolfe Research sees over 20% upside in Marvell Technology (MRVL) after its Q4 financial results and weak Q1 guidance. Mark Kelley of Stifel sees a 4% upside in Nexxen International (NEXN) following upbeat quarterly results. William Stein of Truist Securities predicts over 20% upside in Broadcom (AVGO) after it reported earnings that beat estimates. Keith Hughes, also from Truist Securities, expects a 14% surge in Ferguson plc (FERG) despite worse-than-expected Q2 results. Shrenik Kothari of Baird sees a 9% upside in CrowdStrike Holdings (CRWD) after reporting a 33% year-over-year revenue increase.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 11:20 am

GEF

MSEX

SATS

Insiders at Greif, EchoStar, and Middlesex Water have made notable purchases of their companies' stocks, signaling confidence in their respective companies' futures. Greif's CFO acquired shares following upbeat quarterly earnings, EchoStar's Director made a significant purchase despite a year-over-year decrease in EPS, and a Director at Middlesex Water bought shares after the company posted downbeat quarterly results.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 11:19 am