Streetbeat News

Earnings

DAL

UAL

BofA Securities analyst Andrew G. Didora maintained a Buy rating on United Airlines Holdings, Inc. (UAL) and raised the price target to $60 from $56, despite concerns over Boeing's 737 MAX 9 grounding affecting UAL's capacity growth. United Airlines' shares rose by 5% after a strong Q4 earnings beat and positive 2024 EPS outlook. However, the company faces cost pressures from labor, maintenance, and the MAX 9 grounding. These pressures are expected to increase 2024 unit costs to +4.0% from the previously forecasted +2.2%. UAL shares were up 0.89% to $40.85.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 7:58 pm

FXI

MSFT

NFLX

QQQ

SMH

SPY

XLK

U.S. stock indices hit record highs, with the S&P 500 surpassing 4,900 points due to a tech rally and Microsoft reaching a $3 trillion market cap. The National Science Foundation announced a pilot AI research program with tech companies. The Nasdaq 100 and Dow Jones also saw gains, while the Russell 2000 remained flat. U.S. private sector activity showed strong growth, and China's RRR cut boosted Chinese-related stocks. Sector-wise, technology led gains, while utilities lagged. Netflix surged on strong subscriber growth, while other companies showed mixed reactions to earnings. DuPont tumbled after a disappointing forecast.

Portfolio Pulse from Piero Cingari

January 24, 2024 | 7:38 pm

TXN

Texas Instruments (TXN) shares dropped following a report of disappointing Q4 revenue and weaker Q1 guidance. Additionally, several firms have reduced their price targets for TXN.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:38 pm

GBTC

SARK

TARK

TSLA

Tesla, Inc (NASDAQ:TSLA) is entering its Q4 earnings report with a flat trade, following a Q3 earnings miss that led to a significant stock price drop. Analysts predict Q4 earnings per share of 74 cents on revenues of $25.59 billion, with vehicle deliveries exceeding estimates. The article discusses trading strategies for Tesla stock, mentioning the Grayscale Bitcoin Trust ETF (NYSE:GBTC) for Bitcoin exposure, and the AXS Short Innovation Daily ETF (NASDAQ:SARK) and AXS 2X Innovation ETF (NASDAQ:TARK) for bearish and bullish positions, respectively. Technical analysis suggests a bearish outlook for Tesla's stock with a potential bear flag pattern indicating a further decline.

Portfolio Pulse from Melanie Schaffer

January 24, 2024 | 7:36 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

TSM

The 'Magnificent Seven' tech stocks, including Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA), are leading a stock market surge, outperforming the S&P 500 with a 4.4% return this month. Investors have injected $4 billion into tech funds recently, the largest inflow since August. In 2023, these stocks doubled in value, adding $5.1 trillion to their market cap. Nvidia, in particular, is highlighted for its role in the AI-driven rally, with analysts bullish on its prospects in various tech markets. Taiwan Semiconductor (TSM) expects a 20% revenue growth, benefiting semiconductor companies like Nvidia. Despite not reaching last January's performance levels, analysts project an 8.6% average return for these stocks over the next 12 months.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 7:15 pm

MSFT

Citi analyst Tyler Radke has reiterated a Buy rating on Microsoft Corp (NASDAQ:MSFT) with a price target of $470, citing strong growth in Azure and AI. Radke's fieldwork suggests a solid fiscal second quarter, with high quota achievement levels from resellers. He expects Microsoft to outperform consensus estimates with projected Q2 revenue of $61.597 billion and EPS of $2.80. Microsoft's dividend yield is 0.9% as of Jan. 24, 2024. MSFT shares were up 1.07% at $403.16.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 7:07 pm

WTBA

West Bancorp (NASDAQ:WTBA) is scheduled to release its quarterly earnings report on Thursday, 2024-01-25, with analysts expecting an EPS of $0.31. Investors are looking for an earnings beat and positive guidance for future growth. Historically, West Bancorp's stock price has reacted negatively to past earnings reports, even when EPS estimates were beaten. Shares are currently trading at $20.43, down 5.89% over the last year.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:02 pm

TARO

Taro Pharmaceutical Indus (NYSE:TARO) is scheduled to release its quarterly earnings report on Thursday, 2024-01-25, with analysts expecting an EPS of $0.30. Investors are looking for an earnings beat and positive guidance for future growth. Historically, TARO's stock price has shown varied reactions to past earnings performances, with a 2.3% drop after beating EPS last quarter. Shares are currently trading at $42.07, up 37.71% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:01 pm

Byline Bancorp (NYSE:BY) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.67. Investors are looking for an earnings beat and positive guidance for future growth. Historical data shows mixed stock price reactions to past earnings reports. Shares are currently trading at $22.97, with a 2.28% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:01 pm

LBAI

Lakeland Bancorp (NASDAQ:LBAI) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.32. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, LBAI's stock price has been sensitive to earnings performance and guidance. Last quarter, LBAI met the EPS estimate, resulting in a 1.48% share price drop the following day. Over the past year, LBAI shares have declined by 22.37%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:01 pm