Streetbeat News

Earnings

AUVIP

ELWS

NXT

RKLB

SPWR

THR

TSP

In Thursday's intraday session, several industrials stocks experienced significant movements. Notably, TuSimple Holdings, Applied UV, NEXTracker, and SunPower saw substantial gains, while Earlyworks Co, Thermon Group Holdings, Rocket Lab USA, and others faced declines. Factors influencing these movements include recent earnings reports for NEXTracker, Thermon Group Holdings, and C.H. Robinson Worldwide.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:31 pm

WMB

Williams Companies Inc. (NYSE:WMB) saw a slight increase in its share price to $34.71, with a 1.91% decrease over the past month but a 9.52% increase over the past year. Its P/E ratio is lower than the industry average, suggesting it might be undervalued or expected to underperform compared to its peers in the Oil, Gas & Consumable Fuels industry.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:30 pm

AAPL

GOOG

In Q4 2023, Apple Inc. (AAPL) captured a 64% US smartphone market share, driven by iPhone 15 sales, while Android, powered by Alphabet Inc. (GOOG, GOOGL), saw a decline, especially in the sub-$300 segment. Apple's market dominance was further supported by strong holiday sales and strategic pricing of older models. The overall market growth and future outlook are tied to the US economic performance.

Portfolio Pulse from Rounak Jain

February 01, 2024 | 5:25 pm

CELU

CMPR

NRBO

PTON

REVB

VLCN

U.S. stocks traded higher with the S&P 500 gaining 0.5%. Consumer staples shares rose by 1.4%, while financial shares fell by 0.9%. ISM manufacturing PMI rose to 49.1, the highest since Oct. 2022. Cimpress, NeuroBo Pharmaceuticals, and Celularity saw significant stock price increases following positive announcements. Conversely, Revelation Biosciences, Peloton Interactive, and Volcon experienced notable declines.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 5:04 pm

International Paper Company (NYSE:IP) reported Q4 sales of $4.601 billion, missing analyst expectations of $4.674 billion, but adjusted EPS of $0.41 beat the consensus of $0.34. Industrial Packaging and Global Cellulose Fibres net sales declined year over year, with operating profits also decreasing. The company highlighted $260 million in cost reductions and exited the quarter with $1.11 billion in cash and temporary investments. Shares fell by 3.25% to $34.67.

Portfolio Pulse from Nabaparna Bhattacharya

February 01, 2024 | 5:01 pm

Investors have shown a bearish stance on Micron Technology (NASDAQ:MU), with options trading data revealing a split sentiment of 22% bullish and 77% bearish. The options trades indicate a price target window of $70.0 to $92.5 for MU. The trading volume and open interest suggest significant activity in MU options, with a notable shift towards bearish positions. Micron Technology, a major semiconductor company, is currently trading at $86.06, with an upcoming earnings announcement in 54 days.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:00 pm

ADP

Automatic Data Processing (NASDAQ:ADP) received indifferent ratings from 4 analysts in the latest quarter, with no change in sentiment over the last 30 days. The 12-month price targets show an average of $248.75, marking a 14.63% increase from the previous $217.00 average. Analysts from RBC Capital, B of A Securities, Stifel, and UBS provided insights, with price targets ranging from $235.00 to $267.00. ADP's financial performance is strong, with a revenue growth rate of 5.79%, a net margin of 19.94%, an ROE of 24.62%, and an ROA of 1.71%, indicating efficient cost management and financial health.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:00 pm

SNY

Sanofi's shares dropped following the announcement of disappointing Q4 financial results and weaker-than-expected FY24 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:58 pm

SHEL

Shell's shares surged following the announcement of better-than-expected Q4 financial results, FY24 guidance, a $3.5 billion share buyback program, and a 4% dividend increase for Q4.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:57 pm

CAH

Cardinal Health Inc (NYSE:CAH) reported a 38% Y/Y increase in Q2 FY24 adjusted EPS to $1.82, surpassing consensus estimates. Sales rose 12% to $57.45 billion, also beating expectations. The pharmaceutical segment saw a 12% increase, while the Medical segment grew by 3%. Cardinal Health announced the acquisition of Specialty Networks for $1.2 billion, aiming to expand its specialty therapeutic areas. The company raised its FY24 adjusted EPS guidance and forecasts sales growth in its Pharmaceutical and Specialty Solutions and GMPD segments. Despite the positive report, CAH shares dropped 4.30% to $104.49.

Portfolio Pulse from Vandana Singh

February 01, 2024 | 4:52 pm