Streetbeat News

Earnings

DIS

TSLA

Tesla, Inc. (TSLA) surpassed Disney Co. (DIS) in annual revenue for 2023, reporting $96.77 billion, a 19% increase over the previous year, compared to Disney's $88.90 billion. Despite this, Tesla's stock faced challenges after missing EPS expectations for two consecutive quarters and lowering its 2024 volume growth forecast. Tesla's market cap dropped significantly in January, but shares recovered slightly on Monday. Analysts have mixed views, with some adjusting their outlooks and suggesting strategies for recovery, while others express concern over the near-term future of the stock.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 8:11 am

AMZN

GOOG

GOOGL

IRBT

MSFT

PFE

Market sentiment improved slightly with the CNN Money Fear and Greed index indicating 'Extreme Greed'. The S&P 500 hit a new record ahead of major tech earnings and the Fed's interest-rate decision. iRobot shares fell 8.8% after terminating its acquisition agreement with Amazon. The Dallas Fed's manufacturing index dropped significantly. The Dow Jones, S&P 500, and Nasdaq closed higher. Investors anticipate earnings from Microsoft, General Motors, Alphabet, and Pfizer.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 8:03 am

FFIV

GOOG

MSFT

SMCI

Investors are watching Alphabet, Microsoft, F5, Super Micro Computer, and General Motors as U.S. stock futures trade lower. Alphabet is expected to report earnings with an EPS of $1.59 and revenue of $85.33 billion. F5 reported better-than-expected Q1 results, causing a 9.2% stock increase. Microsoft is anticipated to post an EPS of $2.78 and revenue of $61.10 billion. Super Micro Computer released positive Q2 results, leading to a 10.5% stock jump. General Motors is expected to report earnings with an EPS of $3.56 and revenue of $4.98 billion.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 7:55 am

TPST

Tempest Therapeutics has announced significant progress in liver cancer treatment, presenting promising efficacy and safety data at the ASCO Annual Meeting 2024. This breakthrough could potentially improve treatment options for liver cancer patients.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 7:23 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Market strategist Jon Wolfenbarger predicts a significant stock market crash and a year-long recession, citing economic indicators like The Conference Board's Leading Economic Index and an inverted yield curve. Despite strong earnings from tech giants, he warns of overvaluation and potential new bear market lows. His view contrasts with BlackRock's recent upgrade of U.S. stocks and other analysts' mixed outlooks.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 7:00 am

General Motors Company (NYSE:GM) is anticipated to report Q4 earnings of $1.16 per share, down from $2.12 per share a year ago, with projected revenue of $38.97 billion, a decrease from $43.11 billion. Cadillac is increasing production of the Lyriq EV. GM's stock closed up 0.3% at $35.28. Analysts have recently adjusted GM's price targets, with the most accurate analysts giving ratings ranging from Buy to Outperform and price targets between $40 and $60.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 6:56 am

EWQ

France's Gross Domestic Product (GDP) for Q4 showed a preliminary year-over-year increase of 0.7%, slightly higher than the previous 0.6%.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:32 am

EWQ

France's GDP showed no growth in Q4, coming in at 0.0%, which was in line with estimates and a slight improvement from the -0.1% contraction in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:31 am

BYDDY

TSLA

BYD Co Ltd, backed by Warren Buffett, is preparing for intense competition in China's EV market and is open to collaboration with Tesla Inc. BYD has outperformed Tesla in vehicle production in 2023 and expects tough competition to lead to the elimination of weaker brands within two to three years. BYD's GM of Branding and PR, Yunfei Li, praised Tesla and suggested cooperation to grow the EV market. Tesla's CEO Elon Musk confirmed BYD as a supplier. BYD anticipates being profitable amidst competition and has invested heavily in vehicle intelligence and NEV evolution. The company expects a significant profit increase for the last year, while Tesla saw a 15% gross profit decline in 2023. Berkshire Hathaway has reduced its stake in BYD.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 5:32 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw price increases as short positions faced liquidations. Over $72 million in crypto shorts were liquidated in 24 hours, with the largest single liquidation order on Bybit involving Bitcoin. Invesco and Galaxy Asset Management announced a fee reduction for their Bitcoin ETF, which has seen significant trading activity. The S&P 500 and other major indices rose in anticipation of tech earnings and the Federal Reserve's rate decision. Analysts predict Bitcoin could surge to $50K pre-halving, and significant Bitcoin transactions indicate $42,550 as a critical support level.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 3:00 am