Streetbeat News

Earnings

HTGC

JEPI

TOST

On CNBC's 'Halftime Report Final Trades,' analysts provided their final trades, with Hercules Capital downgraded by Compass Point, General Motors set to release earnings, Toast upgraded by Goldman Sachs, and JPMorgan Equity Premium Income ETF mentioned. Hercules Capital shares closed up, GM shares rose slightly, Toast shares saw significant gains, and JPMorgan Equity Premium Income ETF experienced a minor increase.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 2:36 pm

Boeing's finance chief, Brian Hulst, has indicated that the company was on the verge of over-production prior to the pandemic. This statement suggests that Boeing was producing aircraft at a rate that was potentially exceeding market demand at that time.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:36 pm

CDLX

Cardlytics' stock price has risen following the announcement of a settlement agreement with SRS and the release of updated preliminary results for Q4 2023. The settlement likely resolves outstanding legal issues, and the updated financial results may suggest a better-than-expected performance for the quarter.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:29 pm

AAL

American Airlines Group Inc (NASDAQ: AAL) reported a 75% decline in Q4 adjusted earnings to 29 cents per share, beating consensus estimates. Seaport Research Partners upgraded AAL from Neutral to Buy with a $23 price target, citing a compelling earnings trajectory and benefits from a digital transformation. Evercore ISI maintained an In-Line rating with a $17 price target, noting an earnings beat due to lower non-fuel costs and seeing domestic revenue as a significant opportunity. AAL shares fell 1.40% to $15.14.

Portfolio Pulse from Priya Nigam

January 29, 2024 | 2:27 pm

AGS

PlayAGS, Inc. has reported in an SEC filing that its preliminary total revenues for Q4 are expected to be between $92.5 million and $94.5 million.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:25 pm

CEG

CHGG

TKR

UNH

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended buying Constellation Energy (CEG) and The Timken Company (TKR), but refrained from endorsing Chegg, Inc. (CHGG) due to competitive pressures from AI like ChatGPT. He expressed concerns about insurers, including UnitedHealth (UNH), stating they are in a 'massive reset' and 'have no idea what's going on.' Constellation Energy announced a $1 billion increase to its repurchase program. Goldman Sachs downgraded Chegg, and DA Davidson initiated coverage on Timken with a Buy rating and a $92 price target. UnitedHealth reported a net profit of $22.4 billion for FY2023 and beat Q4 revenue estimates.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 2:16 pm

AAL

AAPL

AMZN

BMY

GOOGL

MSFT

SCHW

TSLA

Research suggests Bitcoin could reach $87K in this year's halving, while speculation on BTC ETFs could propel it to $500K. Tech giants Microsoft and Apple are leading earnings reports this week, potentially affecting market optimism. Charles Schwab may enter the Bitcoin ETF market. American Airlines and other stocks are set for varied market openings. Global politics and US-China tech tensions continue, with potential impacts on companies like Amazon, Alphabet, and Microsoft. Alibaba, Tencent, and TSMC are making strategic moves in China and Japan. Apple Card increases APY, and Tesla's Cybertruck tours China. Boeing faces challenges with the 737 Max, and Bristol Myers advances cancer treatment options.

Portfolio Pulse from Akanksha Bakshi

January 29, 2024 | 2:16 pm

COHU

Cohu, Inc. anticipates its Q4 revenue to be around $137 million, aligning with its previously issued guidance.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:09 pm

IKT

Inhibikase Therapeutics has announced the publication of results from its Phase 1 studies of Risvodetinib. The studies are significant for the company's progress in developing treatments.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:06 pm

MPC

Marathon Petroleum (NYSE:MPC) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $2.21. Investors are looking for an earnings beat and positive guidance for future growth. Historically, MPC's stock price has reacted to past earnings performances and guidance. Last quarter, MPC beat the EPS estimate by $0.36, leading to a 2.62% stock price increase the following day. Over the past year, MPC shares have risen by 25.04%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 2:02 pm