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Earnings

PLTR

PP

SHLD

Palantir Technologies Inc (NYSE:PLTR) has partnered with Ukraine's Ministry of Economy to digitize the country's land demining efforts using Palantir's AI technology. The goal is to make 80% of potentially contaminated land usable within ten years by enhancing decision-making in mine action. Palantir's AI Platform will integrate data to map hazards and improve resource allocation for demining. The company reported a 20% increase in Q4 revenue year-over-year, meeting analyst estimates. Investors can also gain exposure to Palantir through Global X Funds Global X Defense Tech ETF (NYSE:SHLD) and Tidal ETF Trust II The Meet Kevin Pricing Power ETF (NYSE:PP).

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 5:38 pm

AAL

BA

EADSY

ERJ

American Airlines Group (AAL) shares are trading lower today after the company announced orders for 260 new aircraft from The Boeing Company (BA), Airbus SE (EADSY), and Embraer S.A. (ERJ), including options for an additional 193 aircraft. The orders are part of American's investment to expand premium seats. The company also provided financial forecasts for 2024 through 2026, projecting increasing EBITDAR margins and free cash flow. American Airlines will host its 2024 Investor Day to outline its strategy for growth and value creation.

Portfolio Pulse from Lekha Gupta

March 04, 2024 | 5:35 pm

HPE

Hewlett Packard Enterprise (HPE) shares are experiencing an uptick, potentially recovering from a previous decline attributed to disappointing Q1 revenue outcomes and lackluster future earnings projections.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:28 pm

RNA

Avidity Biosciences Inc (NASDAQ:RNA) reported positive long-term data from the MARINA-OLE trial for its lead program, AOC 1001, showing disease progression reversal in myotonic dystrophy type 1 (DM1) patients. The data align with key endpoints of the Phase 3 HARBOR trial. Avidity announced the acceleration of the HARBOR trial and the approved name for AOC 1001 as delpacibart etedesiran (del-desiran). Over 265 infusions have demonstrated del-desiran's safety and tolerability. However, RNA shares dropped 9.75% to $18.15.

Portfolio Pulse from Vandana Singh

March 04, 2024 | 5:28 pm

LI

Li Auto shares are trading lower due to a general weakness in Chinese stocks, following the company's report of its February 2024 delivery numbers.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:27 pm

PLTR

Recent analysis of unusual options activity for Palantir Technologies (NYSE:PLTR) shows a bullish sentiment among investors, with a significant volume of calls over puts. The observed trades suggest expectations for PLTR's stock price to range between $18.0 and $30.0. Notably, there were significant call trades with varying sentiments and expiration dates. Palantir, a data analytics firm, has seen its stock price decrease by -2.13% to $24.4, with an upcoming earnings announcement in 63 days. Analyst ratings for PLTR vary, with a consensus target price of $20.0, but predictions range from $5 to $30.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:17 pm

NIO

Nio Inc (NYSE:NIO) is set to report its Q4 financial results, with analysts expecting a loss of 55 cents per share and revenue of $2.34 billion. The company previously missed revenue estimates and reported a loss of 44 cents per share in the same quarter last year. Analysts have recently downgraded NIO and lowered price targets. Key items to watch include updates on vehicle production, deliveries, and the ET9 luxury sedan's pre-orders. NIO's shares are nearing 52-week lows, down 39% over the last year.

Portfolio Pulse from Chris Katje

March 04, 2024 | 5:10 pm

SMLR

Semler Scientific (NASDAQ:SMLR) is scheduled to release its quarterly earnings report on March 5, 2024, with analysts expecting an EPS of $0.57. The company's past performance shows a consistent beat on EPS estimates, leading to significant share price increases the following day. Shares have risen 123.19% over the last 52 weeks, indicating a positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:02 pm

AOMR

Angel Oak Mortgage REIT (NYSE:AOMR) is scheduled to release its quarterly earnings report on March 5, 2024, with analysts expecting an EPS of $0.18. Despite past earnings misses, the company's stock has seen a 35.03% increase over the last year. Investors are particularly focused on the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:02 pm

MEC

Mayville Engineering (NYSE:MEC) is scheduled to release its quarterly earnings report on March 5, 2024, with analysts estimating an EPS of $0.13. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to negative stock price reactions. Shares are currently trading at $12.47, down 16.42% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:02 pm