Streetbeat News

Earnings

DAL

LUV

UAL

Airline stocks are trading higher following United's report of better-than-expected Q4 results, indicating a positive market reaction to the airline industry's financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:36 pm

BofA Securities analyst Andrew Obin is optimistic about General Electric Company's (NYSE:GE) future, citing potential upside from the upcoming Vernova spin-off and growth in the Aerospace sector. GE's Q4 FY23 earnings surpassed expectations with adjusted revenue of $18.5 billion and adjusted EPS of $1.03. The company forecasts Q1 adjusted EPS of $0.60 to $0.65 and expects FY24 revenue of $34 billion-$35 billion for GE Vernova and low double-digit growth for GE Aerospace. Obin maintains a Buy rating on GE with a $135 price target.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 6:22 pm

WMT

Options trading activity for Walmart (NYSE:WMT) indicates a bullish sentiment among investors, with 56% of the trades being bullish and 43% bearish. The trading volume and open interest suggest that the market expects Walmart's stock to trade between $135.0 and $170.0. The largest options trades include bullish calls with expiration dates in 2024 and bearish puts expiring in 2024. Walmart is a leading retailer in the US, operating over 4,700 stores and generating over $420 billion in domestic sales. The stock price is slightly down with a current price of $162.22, and the RSI indicators suggest it may be approaching overbought territory. Walmart's next earnings report is expected in 28 days.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:16 pm

PCAR

PACCAR Inc. shares have risen following the announcement of their Q4 results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:16 pm

LMT

Lockheed Martin's stock is trading lower after the company released its fourth-quarter earnings and provided its outlook for 2024, which may have disappointed investors.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:13 pm

ALB

APTV

BIO

FSLR

HAL

MRO

NEM

UAL

WBD

The S&P 500 index has seen a 20% gain in the past three months, driven by AI, earnings optimism, and expected rate cuts. Investors are evaluating S&P 500 stocks for upside potential based on Wall Street analysts' price targets. Warner Bros. Discovery (WBD), First Solar (FSLR), and Marathon Oil (MRO) are among the top stocks with over 40% projected upside. Other notable mentions include United Airlines (UAL), Bunge Global (BG), Albemarle Corporation (ALB), Newmont Corporation (NEM), Aptiv PLC (APTV), Bio-Rad Laboratories (BIO), and Halliburton Company (HAL).

Portfolio Pulse from Piero Cingari

January 23, 2024 | 6:12 pm

GMAB

JNJ

An appeal arbitrator dismissed Genmab A/S's (NASDAQ:GMAB) bid for additional milestone and royalty payments from Janssen Biotech Inc, a unit of Johnson & Johnson (NYSE:JNJ), related to Darzalex (daratumumab). The decision will not affect Genmab's 2024 financial guidance. William Blair maintains a Market Perform rating on Genmab, citing strong growth from diverse revenue sources but limited initial commercial potential for Tivdak and epcoritamab. GMAB shares dropped 3.28% to $27.74.

Portfolio Pulse from Vandana Singh

January 23, 2024 | 6:11 pm

Procter & Gamble's stock (PG) is trading higher following the release of their Q2 financial results, indicating a positive reception from investors.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:10 pm

CFFN

Capitol Federal Finl (NASDAQ:CFFN) is expected to release its quarterly earnings report on Wednesday, 2024-01-24, with analysts predicting an EPS of $0.06. Investors are looking for an earnings beat and positive guidance for future growth. In the past, CFFN's stock price has reacted to both earnings outcomes and guidance, with an 11.61% increase after beating EPS last quarter. However, the stock has declined 25.34% over the last 52 weeks, indicating potential investor dissatisfaction ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:02 pm

SBT

Sterling Bancorp (NASDAQ:SBT) is scheduled to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $0.03. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Sterling Bancorp's stock price has shown varied reactions to earnings performance. The stock is currently trading at $5.45, with a 14.7% decline over the past 52 weeks. Investors are likely bearish as they await the earnings report.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:02 pm