Streetbeat News

Earnings

AFCG

IIPR

REFI

SUNS

Advanced Flower Capital Group (NASDAQ:AFCG) is poised to benefit from a $1.7 billion demand for cannabis loans due to new laws. The company, a leading lender in the cannabis sector, has spun off its commercial real estate assets to focus on cannabis-related loans. AFCG's strong financial position, high yield-to-maturity rates, and attractive dividend yield make it a compelling investment. The company is well-positioned for growth with access to over $100 million in capital and a strategic focus on lending to operators in limited-license states.

Portfolio Pulse from Nicolás Jose Rodriguez

September 12, 2024 | 2:09 pm

MRNA

Moderna Inc (NASDAQ:MRNA) has outlined its post-COVID strategy, focusing on mRNA-based vaccines and reducing its R&D budget. The company plans to cut R&D spending by $1.1 billion by 2027, focusing on oncology and rare diseases. Moderna projects 2025 sales below expectations, with a revenue forecast of $2.5 to $3.5 billion, compared to the consensus of $3.74 billion. The stock is down 17.60% following the announcement.

Portfolio Pulse from Vandana Singh

September 12, 2024 | 2:05 pm

KR

MRNA

The market summary highlights mixed PPI figures, Moderna's decision to cut R&D expenses, and Kroger's rise in stock price following positive earnings.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:05 pm

C

Deep-pocketed investors are showing a bullish sentiment towards Citigroup (NYSE:C) with significant options activity detected. The majority of these investors are leaning bullish, with a price window expectation between $50.0 and $67.5. Citigroup's stock is currently down by 0.23% at $57.17, and the next earnings report is due in 29 days. An analyst from Goldman Sachs maintains a Buy rating with a target price of $71.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 2:04 pm

LOVE

Lovesac shares increased following the company's announcement of better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:39 pm

KR

Kroger reported a mixed Q2 with earnings per share beating estimates but sales slightly missing expectations. The company showed growth in digital sales and customer visits, and improved its debt ratio. Kroger raised its sales outlook for the year.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 1:26 pm

DAL

Delta shares rise as the company projects FY24 EPS to be at or above the midpoint of the $6-$7 range, with a 4% YoY increase in September quarter ASMs.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:05 pm

DAL

Delta Air Lines projects its FY24 EPS to be at or above the midpoint of its guidance range of $6-$7. Additionally, the airline anticipates a 4% year-over-year increase in Available Seat Miles (ASMs) for the September quarter.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:04 pm

MSFT

ORCL

Oracle's strong stock performance has boosted Larry Ellison's wealth, pushing him ahead of Bill Gates in the billionaire rankings. Oracle's stock is up 51% year-to-date, significantly outpacing Microsoft's 14% rise.

Portfolio Pulse from Chris Katje

September 12, 2024 | 12:54 pm

APP

AVGO

GS

TTD

On CNBC's 'Halftime Report Final Trades,' analysts discussed Broadcom, Trade Desk, Goldman Sachs, and AppLovin. Broadcom reported strong earnings, Trade Desk received a Buy rating, Goldman Sachs faces a trading revenue decline, and AppLovin hit a 52-week high with a raised price target.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 12:45 pm