Streetbeat News

Earnings

HYLN

Hyliion Holdings (NYSE:HYLN) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $-0.11. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in an 8.27% drop. Shares are currently trading at $1.12, down 64.41% over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 7:01 pm

MSFT

SONY

TTWO

Recent data from Take-Two Interactive Software Inc.'s earnings report shows Sony Group Corp.'s PlayStation 5 has outsold Microsoft Corp.'s Xbox Series X | S by a 2:1 ratio. As of Dec. 31, 2023, 77 million Gen 9 consoles have been sold, with over 50 million being PS5 units. This sales lead is significant amidst rumors of Xbox exclusives potentially launching on PlayStation. Xbox head Phil Spencer has committed to addressing these concerns and reassured that Microsoft will continue making consoles.

Portfolio Pulse from Franca Quarneti

February 12, 2024 | 6:54 pm

AMZN

DIA

NVDA

QQQ

SMH

SPY

Wall Street reached new highs with the S&P 500 and Nasdaq 100 leading, ahead of the January inflation report. Bitcoin soared to $50,333, and NVIDIA surpassed Amazon in market cap. The VanEck Semiconductor ETF surged over 20% YTD. Major ETFs like SPY, DIA, and QQQ also saw gains, with sector-specific ETFs like XLB, XLE, and XLC performing well. V.F. Corporation and Enphase Energy stocks rose significantly. Companies like Arista Networks, Cadence Design Systems, Waste Management, and Principal Financial Group are set to report earnings.

Portfolio Pulse from Piero Cingari

February 12, 2024 | 6:50 pm

RIVN

Barclays analyst Dan Levy downgraded Rivian Automotive Inc (NASDAQ:RIVN) from Overweight to Equal-Weight and lowered the price target from $25 to $16 due to broader EV market trends and specific challenges Rivian faces, including supply constraints and weak demand for its products. Despite Rivian's potential as a long-term winner in the EV space, Levy believes these issues will likely cause Rivian to miss its 2024 target of reaching gross margin profitability.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 6:48 pm

EXPE

Expedia Group's stock is trading higher, potentially rebounding from a decline last week triggered by its Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:44 pm

TRMB

Trimble shares are trading higher following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:44 pm

WTW

BMO Capital Markets analyst Michael Zaremski upgraded Willis Towers Watson PLC (NASDAQ:WTW) to Market Perform from Underperform, maintaining a target price of $298. The company reported Q4 adjusted EPS of $7.44, surpassing consensus but slightly missed sales expectations. Zaremski predicts Willis Towers' Risk & Broking segment will continue outperforming consensus in organic growth through the first half of FY24. Despite a shrinking market for defined benefit plans, Willis is expected to benefit from increased 'buy-out/in' activity. The analyst forecasts adjusted EPS of $16.87 in FY24 and $20.39 in FY25. WTW shares slightly dropped to $271.84.

Portfolio Pulse from Lekha Gupta

February 12, 2024 | 6:34 pm

ORCL

Financial analysts observed a bullish trend in Oracle's (NYSE:ORCL) options trading, with 69% of trades being bullish. The analysis highlighted unusual trading activity, including 13 significant trades, with a focus on strike prices ranging from $93.0 to $135.0. Notable trades included both calls and puts, with a bullish sentiment dominating. Oracle's current market position shows a slight decrease in stock price (-0.07%), with a trading volume of 2,780,986 and an upcoming earnings announcement in 24 days. The company, known for its database technology and ERP software, has a global customer base.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:31 pm

HUBS

Whales have shown a predominantly bearish stance on HubSpot (NYSE:HUBS), with 87% of detected trades being bearish. The trading activity suggests a target price range of $540.0 to $660.0 for the next three months. Currently, HUBS is trading at $648.0, slightly up by 0.21%, with an anticipated earnings release in 2 days. Analyst opinions vary, with an average price target of $645.0, ranging from $600 to $710.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:31 pm

ARM

Arm shares are experiencing an upward trend following the company's announcement of better-than-expected Q3 financial results. Additionally, Arm has provided Q4 and FY24 adjusted EPS and revenue guidance that surpasses analyst estimates, contributing to the continued strength in its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:30 pm