Streetbeat News

Earnings

ASYS

CAR

TRMB

U.S. stock futures are trading slightly lower, with focus on Waste Management, Amtech Systems, Goodyear Tire, Trimble Inc., and Avis Budget Group due to earnings reports. Waste Management and Avis Budget are expected to report after the closing bell, with analysts predicting earnings of $1.53 and $4.15 per share, respectively. Amtech Systems reported upbeat Q1 results, and Goodyear Tire and Trimble Inc. are also anticipated to release their earnings, with expectations of 36 cents and 59 cents per share, respectively.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 9:03 am

AAPL

Apple Inc.'s new product, the Vision Pro headset, has been highlighted as a potential iPad successor by Bloomberg's Mark Gurman, despite its current prototype-like limitations such as weight, battery life, and software bugs. The device has seen significant sales, with 180,000 units sold in its first weekend, doubling expectations. Analysts, including those from Deepwater Asset Management and Wedbush's Daniel Ives, predict a bright future for the Vision Pro, with Ives forecasting a $5 billion annual revenue potential, positioning it as a major revenue source for Apple after the iPhone.

Portfolio Pulse from Rounak Jain

February 12, 2024 | 8:45 am

ANET

Arista Networks, Inc. (NYSE:ANET) is anticipated to report higher Q4 earnings on Feb. 12, 2024, with expected earnings of $1.70 per share compared to $1.41 per share year-over-year, and projected revenue of $1.53 billion versus $1.28 billion. Following better-than-expected Q3 results and positive Q4 revenue guidance, ANET shares increased by 2.4%. Analysts from Wells Fargo, JMP Securities, Melius Research, Morgan Stanley, and Piper Sandler have recently updated their ratings and price targets for ANET, reflecting a positive outlook.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 7:19 am

AAPL

Wedbush analyst Daniel Ives maintains an 'Outperform' rating on Apple (AAPL) with a $250 price target, citing new supply chain checks indicating demand stabilization in China and expected iPhone sales growth. Ives highlights the potential of Apple's AI technology and a new AI App Store, predicting over $5 billion in annual incremental revenue from AI services. He also forecasts Vision Pro sales to reach 1 million units by 2025.

Portfolio Pulse from Shanthi Rexaline

February 11, 2024 | 9:38 pm

COIN

Bitcoin surged to $48,000, driven by spot Bitcoin ETF inflows, marking its third-best inflow day. Ethereum and Avalanche also saw movements, with Avalanche gaining 3.3%. MicroStrategy's Bitcoin holdings increased by 50% to $9 billion, and Coinbase Global's stock rose 7.2% amid the crypto rally. The global cryptocurrency market cap increased by 1.25% to $1.78 trillion. Analysts remain bullish on Bitcoin, anticipating a rally to $50,000 leading up to the Bitcoin halving event in April 2024.

Portfolio Pulse from Khyathi Dalal

February 10, 2024 | 2:08 pm

SGAMY

Sega Sammy Holdings Inc - ADR (OTC:SGAMY) issued a financial warning due to disappointing holiday sales in 2023, citing weak sales of new games and losses from inventory write-downs. The company highlighted sluggish sales in Europe and the US, attributing it to economic challenges like inflation. Despite some successful titles, Sega does not expect to offset the lower sales and profits for the financial year. The company is undergoing structural reforms, including project cancellations and management changes.

Portfolio Pulse from Franca Quarneti

February 10, 2024 | 2:04 pm

DIS

PLTR

PYPL

TSLA

Benzinga's analysis highlights the S&P 500 and Nasdaq 100's positive performance, driven by AI optimism. Treasury Secretary Janet Yellen expressed concerns about digital assets and the commercial real estate sector, advocating for regulatory action and fiscal sustainability. Bullish views were shared on Tesla, Palantir, and a meme coin named Floki, while bearish perspectives focused on the market dominance of tech giants, Disney's diversity policies, and PayPal's conservative outlook for 2024.

Portfolio Pulse from Michael Cohen

February 10, 2024 | 1:39 pm

ACB

Aurora Cannabis Inc (NASDAQ:ACB) CEO Miguel Martin discussed the company's record earnings and strategic global expansion on Benzinga's Cannabis Insider podcast. Aurora reported its fifth consecutive quarter of adjusted EBITDA positivity, a 41% increase in international medical cannabis revenue, and a significant reduction in losses from the previous year. The acquisition of MedReleaf Australia is highlighted as a key move in Aurora's strategy, aiming to lead in high-margin, clinician-led markets. Aurora boasts a strong financial position with over $200 million in the balance sheet and no debt, focusing on innovation, quality, and patient care in the medical cannabis sector.

Portfolio Pulse from Patricio Liddle

February 09, 2024 | 11:34 pm

ASYS

Amtech Systems (NASDAQ:ASYS) reported Q1 2024 adjusted EPS of $(0.04), surpassing the $(0.26) estimate, with sales of $24.92M exceeding the $22.25M forecast. This represents a 15.60% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 9:38 pm

CMP

MTAL

NEXA

PLL

JPMorgan Chase analyst Bill Peterson maintained a Neutral rating on Piedmont Lithium Inc. (PLL) and lowered the price target from $25 to $15. Metals Acquisition Limited (MTAL) announced its IPO in Australia was oversubscribed, with proceeds increased to A$325 million. Nexa Resources S.A. (NEXA) reported its 2023 exploration results, achieving 97% of planned activities. Compass Minerals International Inc. (CMP) reported Q1 fiscal 2024 results with a 67% increase in Plant Nutrition sales and announced a 6% reduction in 2024 capital expenditure.

Portfolio Pulse from Austin DeNoce

February 09, 2024 | 9:36 pm