Streetbeat News

Earnings

MBWM

Mercantile Bank (NASDAQ:MBWM) reported Q3 2024 earnings of $1.22 per share, beating estimates of $1.17. Sales were $58 million, surpassing the $56.831 million estimate. However, both earnings and sales showed a slight decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:08 am

BAC

JBHT

JNJ

JPM

PNC

SCHW

SPY

UAL

UNH

WBA

WFC

Jim Cramer suggests that the earnings season could continue to drive the market's record highs, but warns that rising bond yields could pose a risk. Several major companies, including JPMorgan, Wells Fargo, and others, are reporting earnings, which could influence market movements.

Portfolio Pulse from Shanthi Rexaline

October 15, 2024 | 8:08 am

BAC

The Dow Jones index closed above 43,000 for the first time, with the S&P 500 and Nasdaq also reaching record highs. The CNN Money Fear and Greed index moved to the 'Extreme Greed' zone, indicating positive market sentiment. Investors are anticipating earnings reports from Citigroup, Bank of America, and Goldman Sachs.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 8:01 am

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is set to release its Q4 earnings on Oct. 15, with expected earnings of 36 cents per share, down from 67 cents a year ago. Revenue is projected at $35.75 billion, slightly up from $35.42 billion last year. Analysts have recently lowered their price targets for WBA, with Morgan Stanley setting a target of $7, down from $9.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 7:59 am

BAC

UNH

WBA

Investors are focusing on Citigroup, Bank of America, Goldman Sachs, Walgreens Boots Alliance, and UnitedHealth Group as they prepare to release their quarterly earnings. Citigroup and Bank of America are expected to report earnings before the market opens, with slight gains in after-hours trading. Goldman Sachs and UnitedHealth also saw minor after-hours gains, while Walgreens experienced a decline.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 7:02 am

NFLX

Netflix is expected to report strong Q3 earnings, but faces challenges in 2025. Analyst Gene Munster highlights the company's success with password crackdown and warns of opportunity costs due to limited AI exposure compared to other tech giants.

Portfolio Pulse from Shanthi Rexaline

October 15, 2024 | 6:34 am

ERIC

Ericsson forecasts its Q4 adjusted gross margin for Networks to be between 47%-49%, with sales growth for Networks and Cloud Software expected to fall below the three-year seasonal average.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:36 am

BLK

IBIT

BlackRock CEO Larry Fink expressed optimism about the future of cryptocurrencies, including Bitcoin, regardless of the outcome of the upcoming U.S. presidential election. He emphasized that the growth of digital currencies is driven by liquidity and transparency rather than regulation. BlackRock's iShares Bitcoin Trust ETF has become the largest Bitcoin investment fund, highlighting the company's commitment to Bitcoin as a hedge against the U.S. fiscal deficit.

Portfolio Pulse from Aniket Verma

October 15, 2024 | 5:24 am

ERIC

Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC) reported Q3 2024 earnings of $0.11 per share, surpassing the $0.08 estimate, and sales of $6.110 billion, exceeding the $5.719 billion estimate. This marks a significant improvement from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:22 am

AMD

ARKF

ARKK

ARKW

HOOD

Cathie Wood's Ark Invest sold $5.7M of Robinhood shares amid a Bitcoin surge, while buying AMD stock. Ark's ETFs offloaded 210,374 Robinhood shares, despite the company's recent positive earnings and upcoming investor day. Ark also made trades involving Markforged, Materialise, and Blade Air Mobility.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 3:17 am