Streetbeat News

Earnings

NRIX

Nurix Therapeutics reported a Q3 2024 GAAP EPS of $(0.67), beating the estimate of $(0.70), but sales of $12.588M missed the $13.248M estimate. Sales decreased by 31.84% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 8:01 pm

APO

BAC

JPM

WFC

Bank stocks surged as JPMorgan Chase and Wells Fargo reported strong Q3 earnings, leading to a rally in financial firms like Apollo Global Management and Morgan Stanley. The Financial Select Sector SPDR Fund hit record highs, driven by optimism in the financial sector.

Portfolio Pulse from Vaishali Prayag

October 11, 2024 | 7:37 pm

SCHW

XLF

Charles Schwab (SCHW) stock is rising due to strong third-quarter earnings reports from major financial institutions like JPMorgan Chase, Wells Fargo, and BlackRock. The Financial Select Sector SPDR Fund (XLF) also hit record highs, boosting financial stocks. Schwab benefits from rising interest income and solid client activity, with its diversified business model capturing growth across brokerage, banking, and wealth management services.

Portfolio Pulse from Henry Khederian

October 11, 2024 | 7:03 pm

AMZN

Analysts from Scotiabank and JP Morgan are optimistic about Amazon's future, particularly due to AWS's AI-driven growth. Scotiabank initiated coverage with a 'Sector Outperform' rating and a $245 price target, citing AWS's potential to exceed revenue estimates beyond 2025. JP Morgan also highlights AWS's growth and operational discipline, projecting significant operating income and free cash flow in the coming years.

Portfolio Pulse from Lekha Gupta

October 11, 2024 | 6:59 pm

AOS

BLK

PACB

TSLA

U.S. stocks rose with the Dow Jones gaining over 350 points. BlackRock reported strong Q3 results, boosting financial shares. Tesla shares fell 8% after its Cybercab unveiling. Other notable stock movements include Pacific Biosciences surging 30% and A.O. Smith dropping 7% after disappointing earnings.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 6:58 pm

LNG

MPWR

MSTR

NEE

TMO

Benzinga's Stock Whisper Index highlights five stocks that are gaining interest among investors: NextEra Energy, Monolithic Power Systems, MicroStrategy, Cheniere Energy, and Thermo Fisher Scientific. These stocks are being monitored due to recent events, analyst ratings, and upcoming earnings reports.

Portfolio Pulse from Chris Katje

October 11, 2024 | 6:06 pm

BLK

JPM

KRE

TSLA

UBER

WFC

Wall Street reached new highs as major U.S. banks reported strong earnings, boosting financial stocks. Tesla fell sharply due to disappointing Robotaxi Day. Inflation data showed higher-than-expected figures, but expectations for a Fed rate cut remain unchanged. Oil prices steadied, while gold and silver rose. Bitcoin gained following BlackRock's positive earnings.

Portfolio Pulse from Piero Cingari

October 11, 2024 | 5:30 pm

JPM

MSTR

TSLA

TWG

UBER

Tesla, MicroStrategy, Top Wealth Group, Uber, and JP Morgan are trending stocks. Tesla's stock is down after announcing a delayed production of its Cybercab. MicroStrategy's stock is up due to Bitcoin's price recovery. Top Wealth Group's stock surged after a public offering. Uber's stock rose as Tesla's delay benefits ridesharing. JP Morgan's stock increased after surpassing earnings estimates and raising guidance.

Portfolio Pulse from Erica Kollmann

October 11, 2024 | 5:19 pm

VAL

Valaris (NYSE:VAL) has received mixed analyst ratings over the past quarter, with a decrease in the average 12-month price target from $86.25 to $75.0. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Valaris has shown strong financial performance with significant revenue growth and profitability metrics surpassing industry standards.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 5:02 pm

AOS

CDT

PACB

TSLA

WFC

U.S. stocks rose with the Dow Jones up 250 points. Wells Fargo shares gained over 5% after beating Q3 earnings expectations. Tesla shares dropped 8% following its Cybercab unveiling. Gold prices increased by 1.1%.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 4:49 pm