Streetbeat News

Earnings

DG

DLTR

SVV

Ahead of their quarterly reports, Piper Sandler analyst Peter J. Keith provided insights on Dollar General and Dollar Tree, noting a solid improvement in Dollar General's foot traffic and a slight downtick for Dollar Tree. Keith reiterated an Overweight rating on Dollar Tree with a $171 price target and expects a Q4 EPS of $2.72. For Dollar General, he has a Neutral rating with a $127 price target and anticipates a Q4 EPS of $1.66. Savers Value Village is also mentioned with an upcoming report and an Overweight rating at a $24 forecast.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 6:51 pm

AAPL

GLD

NYCB

SOXX

The S&P 500 and Nasdaq 100 hit record highs, driven by tech stock surges and semiconductor demand. Despite a contraction in the ISM Manufacturing PMI, expectations for Federal Reserve rate cuts remain. The iShares Semiconductor ETF (SOXX) saw significant gains, while Apple (AAPL) was removed from Goldman Sachs' conviction list. New York Community Bancorp (NYCB) shares plummeted due to internal control issues. The SPDR Gold Trust (GLD) is set for record highs. Major ETFs like SPY, DIA, and QQQ also saw gains, with the Technology Select Sector SPDR Fund (XLK) outperforming.

Portfolio Pulse from Piero Cingari

March 01, 2024 | 6:30 pm

NVDA

SOUN

SoundHound AI Inc (NASDAQ:SOUN) received positive outlooks from Wedbush and Cantor Fitzgerald analysts despite a slight top-line miss in Q4 results. Wedbush raised its price target from $5 to $9, highlighting a 100% Y/Y increase in FY23 subscription and bookings backlog to $661.0 million, driven by product royalties and automotive segment strength. The company's FY24 revenue guidance aligns with expectations, and its acquisition of SYNQ3 Restaurant Solutions positions it as the largest U.S. voice AI provider for restaurants. Cantor Fitzgerald raised its price target from $3.60 to $5.80, noting the redefined backlog metric and the potential for continued growth above 40%. However, SOUN shares dropped 13.8% to $6.4.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 6:26 pm

TGT

BofA Securities analyst Robert F. Ohmes has reiterated a Buy rating on Target Corp (NYSE:TGT) with a price target of $160, despite expecting a comparable sales decline of (5%) for Q4, in line with Q3's performance. The analyst highlights potential for recovery in C2Q24, citing opportunities from cost recovery, strategic initiatives, and new private label brands. TGT shares are up 1.31% at $154.92.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 6:21 pm

ADIL

BIVI

FSR

ZS

Zscaler, Inc. (ZS) shares fell by 10.1% following its Q2 earnings report, despite better-than-expected results. Other stocks showed significant movement, with BioVie Inc. (BIVI) and Adial Pharmaceuticals, Inc. (ADIL) among the top gainers. Losers included GigCapital5, Inc. (GIA) and Fisker Inc. (FSR), with FSR dropping 44.6% due to concerns about its going concern status.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 6:19 pm

CRWD

PANW

ZS

Cybersecurity stocks are trading lower following Zscaler's Q2 results announcement, indicating a negative market reaction to the company's performance.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:11 pm

CERT

Certara's stock price increased following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:10 pm

HGV

Hilton Grand Vacations (NYSE:HGV) has received mixed analyst ratings over the past three months, with a shift towards more bullish sentiment in the last 30 days. The average 12-month price target for HGV has increased by 24.42% to $53.5, reflecting a positive outlook. The company's financial performance shows challenges in revenue growth and ROE, but excels in net margin and ROA. Analysts' ratings and price targets suggest optimism about HGV's future stock performance.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 6:01 pm

PH

In the last three months, 8 analysts have updated their ratings on Parker Hannifin (NYSE:PH), showing a diverse range of perspectives. The recent updates indicate a shift towards more bullish sentiments, with the average 12-month price target raised to $535.5, reflecting a 14.5% increase from the previous target. Analysts from firms like TD Cowen, Evercore ISI Group, and Barclays have raised their price targets, citing dynamic market conditions and company performance. Parker Hannifin's financials show a strong market presence, with a market capitalization above industry average, a revenue growth rate of 3.13%, and exceptional net margin and ROE figures.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 6:00 pm

IBKR

Interactive Brokers Group, Inc. (NASDAQ:IBKR) reported its February 2024 brokerage metrics, showing significant growth across various indicators. Daily Average Revenue Trades (DARTs) increased by 15% YoY and 11% MoM to 2.443 million. Client equity rose by 35% YoY to $448.2 billion, while margin loan balances grew by 21% YoY to $47.4 billion. Client credit balances reached $102.9 billion, a 5% increase YoY. The number of client accounts grew by 24% YoY to 2.69 million, with an average of 206 annualized cleared DARTs per account. The average commission per cleared Commissionable Order was $2.85.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:50 pm