Streetbeat News

Earnings

NRG

NRG Energy Inc (NYSE:NRG) has appointed Lawrence Coben as Interim President and CEO, succeeding Mauricio Gutierrez. The company also announced the appointment of four new independent directors in cooperation with Elliott Investment Management L.P. This is part of NRG's Board refreshment process, which aims to reduce the Board size to 11 members by H2 FY24. NRG is conducting a review of its operations to improve efficiency and enhance shareholder returns. The company reaffirmed its FY23 and FY24 financial outlooks, including adjusted EBITDA, operating cash flow, and FCFbG. NRG reiterated its 2024 capital allocation plan, including debt reduction, share repurchases, and a dividend increase, as well as its cost savings plan. Despite these announcements, NRG shares dropped by 2.66% to $46.80 after a Q3 earnings miss earlier this month.

Portfolio Pulse from Lekha Gupta

November 20, 2023 | 4:51 pm

AVNW

CALX

CLFD

CMBM

FIVE

IDCC

JWN

KORE

LULU

OLLI

ONON

PWFL

SMTC

WMT

Ahead of Black Friday, KeyBanc analysts express a cautious view on consumer spending but believe consumers will seek deals and bargains. They recommend Five Below, Ollie's Bargain Outlet, Walmart, Nordstrom, Lululemon Athletica, and On Holding with overweight ratings and specific price targets. Roth MKM analyst Scott Searle anticipates a recovery in the semiconductor, broadband, and IoT sectors, highlighting Calix, Clearfield, Cambium Networks, Aviat Networks, Semtech, Interdigital, PowerFleet, and KORE Group Holdings as stocks to watch, with expectations of smartphone growth and improved balance sheets.

Portfolio Pulse from Chris Katje

November 20, 2023 | 4:47 pm

STM

STMicroelectronics Inc. (NYSE:STM) stock has risen by 16.01% over the past month and 19.65% over the past year. Currently trading at $45.99, its P/E ratio of 9.86 is lower than the industry average of 96.14, which could indicate undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 4:45 pm

YMM

Shares of Full Truck Alliance Co. are trading higher after the company reported its third-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:43 pm

NSTG

NanoString Technologies' stock is trading lower after losing a patent infringement case to 10x Genomics. As a result, NanoString retracted its financial guidance for the full year 2023 and Q4.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:24 pm

LEGN

Legend Biotech's stock is trading lower following the announcement of Q3 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:22 pm

CUEN

Cuentas Inc. shares have seen an uptick following the release of their Q3 financial results, indicating positive investor sentiment towards the company's recent performance.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:16 pm

NEM

Benzinga's options scanner detected significant options trades for Newmont (NYSE:NEM), with over 11 trades totaling $628,322 and 7 trades totaling $362,072. Market whales are targeting a price range of $30.0 to $35.0 for NEM options. The mean open interest is 1602.5 with a total volume of 4,609.00. Noteworthy bullish options activity includes trades and sweeps with expiration dates ranging from March 2024 to June 2024 and strike prices at $30 and $35. Newmont, the world's largest gold miner, is in the process of acquiring Newcrest, expected to close in November 2023. NEM's stock is currently trading at $36.48 with a neutral RSI, and its next earnings report is due in 94 days. An analyst from BMO Capital downgraded NEM to Outperform with a price target of $58.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 4:01 pm

CABO

CHTR

CMCSA

DISH

A comparative study evaluates Comcast (NASDAQ:CMCSA) against its peers in the Media industry, analyzing financial metrics and market position. Comcast's P/E, P/B, and P/S ratios, ROE, EBITDA, gross profit, and revenue growth are compared to Charter Communications Inc, Cable One Inc, and DISH Network Corp. Comcast's P/E and P/B ratios suggest undervaluation, while its P/S ratio indicates potential overvaluation. The company's ROE, EBITDA, gross profit, and revenue growth are strong, indicating robust performance and market outperformance.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 4:00 pm

CHTR

Charter Communications (NASDAQ:CHTR) is evaluated against its competitors in the Media industry. It has a lower P/E ratio, suggesting growth potential, but a higher P/B ratio, indicating it may be overvalued in terms of book value. Its P/S ratio is below the industry average, suggesting it's undervalued based on sales. CHTR has a higher ROE and EBITDA than its peers, indicating efficient profit generation and strong cash flow. Revenue growth is positive compared to a negative industry average, showing market share gains. However, its gross profit is below the industry average, and it has a high debt-to-equity ratio, which could signal financial risk.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 4:00 pm