Streetbeat News

Earnings

DKNG

MGM

PENN

Bank of America analyst Shaun C. Kelley maintains a Buy rating on DraftKings Inc (NASDAQ:DKNG) with a price target of $45, citing strong financials despite increased competition in the sports betting sector. Kelley raised revenue estimates for DraftKings for fiscal years 2024 and 2025 and anticipates a Q4 earnings beat and a possible guidance raise for 2024. DraftKings is expected to report Q4 earnings on Feb. 15, with analysts predicting an EPS of 9 cents and revenue of $1.241 billion. DraftKings shares have risen 1.64% to $39.10, with a 160% increase over the past year.

Portfolio Pulse from Chris Katje

January 29, 2024 | 5:53 pm

ALK

UAL

BofA Securities analyst Ronald J. Epstein discussed the FAA's production freeze of Boeing's 737 MAX and its implications for MAX 7 and MAX 10 certification with Chris Brady, author of The Boeing 737 Technical Guide. The freeze may lead to customer loss as airlines like United Airlines may seek other providers due to delivery delays. Boeing aims to fix the anti-ice system by June 2026. Epstein maintains a Neutral rating on Boeing with a $225 price target. Boeing shares are slightly down.

Portfolio Pulse from Lekha Gupta

January 29, 2024 | 5:44 pm

LCID

TSLA

Lucid Group, Inc. (NASDAQ:LCID) shares are experiencing a significant increase on heavy trading volume, despite a 25% decline over the past month. The movement comes ahead of Lucid's Q4 financial results expected on Feb. 21, with an anticipated loss of 29 cents per share and revenue of $179.881 million. The stock's activity may also be influenced by a high short interest of 21.97% and a recent partnership between Lucid's majority owner, Saudi Arabia's Public Investment Fund, and Formula E. Meanwhile, Tesla, Inc. (NASDAQ:TSLA) reported Q4 earnings below analyst estimates, affecting other EV stocks.

Portfolio Pulse from Erica Kollmann

January 29, 2024 | 5:34 pm

GOOG

GOOGL

KeyBanc Capital Markets analyst Justin Patterson maintained an Overweight rating on Alphabet Inc. (GOOGL, GOOG) and increased the price target from $153 to $165, indicating an 8.42% upside potential. Patterson expects Alphabet to report solid Q4 revenue, with Google Search and YouTube offsetting a potential Cloud revenue miss. However, he anticipates an earnings miss due to a $700 million Google Pay settlement and higher NFL Sunday Ticket expenses. KeyBanc raised its revenue estimates slightly but lowered its earnings per share estimates for Q4 and 2023. Shares of Alphabet were mixed in recent trading.

Portfolio Pulse from Shanthi Rexaline

January 29, 2024 | 5:32 pm

AMD

INTC

Susquehanna analyst Christopher Rolland reiterated a Positive rating on AMD and increased the price target from $170 to $210, focusing on the M1300 chip guidance. Despite potential short-term guidance disappointments, Rolland is optimistic about AMD's M1300 and MI300 chips, expecting in-line results and a slight first-quarter guidance miss. He also commented on Intel's server growth and the PC market, suggesting a positive outlook for AMD CPUs. AMD shares saw a minor decline in recent trading.

Portfolio Pulse from Anusuya Lahiri

January 29, 2024 | 5:29 pm

BFRG

CDLX

PALI

PBLA

SOFI

U.S. stocks traded mixed with the Dow slightly down and the Nasdaq up. Consumer discretionary shares rose, while energy shares fell. Palisade Bio surged after withdrawing a registration statement and announcing preclinical data. SoFi Technologies jumped on strong quarterly revenue. Cardlytics gained after a settlement agreement and updated Q4 results. Panbela Therapeutics plunged following a public offering announcement. Bullfrog AI fell after a shelf offering, and Bloom Energy dropped after a downgrade. Oil prices decreased, while gold and silver rose.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 5:16 pm

CDLX

Cardlytics, Inc. (NASDAQ:CDLX) shares rose after announcing a settlement with SRS, involving a $25 million cash payment and issuance of 3.6 million shares. The company also updated its Q4 2023 preliminary results, with billings between $131 million and $133 million, and revenue between $89 million and $90 million.

Portfolio Pulse from Erica Kollmann

January 29, 2024 | 5:02 pm

NBN

Northeast Bank (NASDAQ:NBN) is expected to report an EPS of $1.72 in its upcoming quarterly earnings on January 30, 2024. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has reacted positively to earnings beats, with a 7.1% increase after last quarter's results. Over the past 52 weeks, NBN shares have risen 19.37%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:02 pm

Hawaiian Holdings (NASDAQ:HA) is scheduled to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $-2.34. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, with share price reactions varying accordingly. Shares are currently trading at $14.68, up 19.12% over the last 52 weeks. Investors will be closely watching for the actual EPS and future guidance, which can significantly impact the stock price.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:01 pm

CATC

Cambridge (NASDAQ:CATC) is scheduled to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $0.93. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Cambridge's stock price has shown varied reactions to past earnings results. Shares are currently trading at $68.73, down 11.48% over the last year. The upcoming earnings report could influence the stock's performance.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:01 pm