Streetbeat News

Earnings

CCL

NCLH

RCL

Carnival Corporation (NYSE:CCL) shares are trading higher after Stifel maintained a Buy rating and raised its price target from $25 to $26, citing underperformance compared to peers as a buying opportunity. Stifel anticipates Carnival could raise its full-year guidance in its upcoming report. This comes as competitors Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) and Royal Caribbean Cruises Ltd. (NYSE:RCL) reported better-than-expected earnings and raised guidance due to increased travel demand. Carnival's stock is trading around its 50-day moving average with a significant short interest. A long-term forecast suggests a challenging outlook for Carnival's stock price.

Portfolio Pulse from Erica Kollmann

March 08, 2024 | 9:01 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported strong Q2 financial results, with analysts raising price targets and maintaining positive ratings. The company's strategic position and performance are highlighted as rare and strong, despite the stock trading near all-time highs. Analysts note improving discretionary sales, strong e-commerce growth, and potential for a membership fee increase. Costco's shares pulled back slightly after the report, attributed to high expectations and no immediate membership fee hike.

Portfolio Pulse from Chris Katje

March 08, 2024 | 8:59 pm

HURC

Hurco reported a year-over-year decrease in its Q1 financial results, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:35 pm

HURC

Hurco reported a decrease in its Q1 2024 earnings per share (EPS) to $(0.25) from $0.20 year-over-year (YoY). Revenue also fell to $45.059M from $54.682M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:33 pm

DIS

Disney CEO Bob Iger announced that the company is on track to exceed its fiscal 2024 cash flow generation guidance. Additionally, he mentioned that Disney's streaming business is on a path to profitability, indicating positive future financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:32 pm

CVX

Whale investors have shown a mixed sentiment towards Chevron (NYSE:CVX), with options trading indicating a split between bullish and bearish positions. Benzinga's options scanner revealed 14 unusual trades, with a price target range of $130.0 to $155.0 for CVX over the next three months. The trading volume and open interest in Chevron's options suggest significant investor interest, particularly in puts, which have seen larger total trade prices compared to calls. Chevron's current market status shows a slight increase in stock price, with an upcoming earnings report in 49 days.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:30 pm

AVGO

MRVL

Semiconductor stocks are trading lower after Broadcom and Marvell reported their quarterly earnings, leading to a sector-wide pullback. The sector may also experience volatility due to anticipation of CHIPS act subsidies.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:08 pm

IDYA

IDEAYA Biosciences (NASDAQ:IDYA) has received diverse analyst ratings over the past three months, with an upward trend in 12-month price targets, now averaging $52.33. This reflects a 29.53% increase from the previous average of $40.40. Analysts from firms including BTIG, JP Morgan, RBC Capital, and Goldman Sachs have adjusted their ratings and price targets, indicating a positive outlook on the company's performance. Despite facing revenue challenges and a net margin below industry averages, IDEAYA's strategic focus on oncology-focused precision medicine and its financial management are noteworthy.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:00 pm

CLAR

Clarus shares are trading higher following the announcement of their Q4 financial results and the issuance of FY24 net sales guidance.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 7:53 pm

AMLX

ASLE

BBAI

JYNT

SGD

WLDN

U.S. stocks showed mixed performance with the Dow gaining over 100 points, while the Nasdaq and S&P 500 fell. AerSale shares plunged after reporting disappointing Q4 results. Nonfarm payrolls exceeded expectations, but the unemployment rate rose slightly. Willdan Group, The Joint Corp., and Safe and Green Development Corporation saw significant stock increases following positive financial news. Conversely, Amylyx Pharmaceuticals, AerSale Corporation, and BigBear.ai Holdings experienced substantial declines after reporting unfavorable outcomes.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 7:51 pm