Streetbeat News

Earnings

CMCSA

DIS

DKNG

PENN

The NFL playoff race is intensifying with seven spots filled and seven remaining. The Dallas Cowboys and Detroit Lions, both playoff-bound, will play on ABC, ESPN, and ESPN+, owned by The Walt Disney Company (NYSE:DIS). A Sunday Night Football game featuring the Minnesota Vikings and Green Bay Packers will air on NBC, owned by Comcast Corporation (NASDAQ:CMCSA). DraftKings (NASDAQ:DKNG) had a strong Week 16, with the app ranking third in the iOS sports category, while PENN Entertainment's (NASDAQ:PENN) ESPN bet fell to second place. An NFL bettor won nearly $500K on a $5 bet with DraftKings. The Detroit Pistons set a record with 28 consecutive losses, and DraftKings offers betting on their next potential win.

Portfolio Pulse from Chris Katje

December 29, 2023 | 7:38 pm

CARR

Carrier Global Inc. (NYSE:CARR) stock is currently at $57.50, down 0.24% for the session, but up 7.80% over the past month and 37.88% over the past year. The company's P/E ratio is 40.88, higher than the Building Products industry average of 29.07, which could suggest that investors expect better future performance or that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 7:30 pm

LVO

LiveOne reported adding over 63,000 new paid memberships in December, with an Average Revenue Per User (ARPU) of over $3.10. The company anticipates its new paid membership growth to surpass 1 million in the calendar year 2024.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 6:49 pm

TTE

TotalEnergies Inc. (NYSE:TTE) stock is currently trading at $67.60, having increased by 1.02% in the current session, 0.03% over the past month, and 9.68% over the past year. The company's P/E ratio of 8.52 is lower than the industry average of 9.2, which could suggest it is undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 6:30 pm

BBY

DLTR

ETSY

FIVE

JWN

LULU

NKE

OLLI

REAL

TGT

TSCO

WMT

KeyBanc Capital Markets analysts revealed credit/debit card spending trends, showing an 18.4% year-over-year increase in 'All Retail' spending as of December 24th. The report highlighted outperformers like Dollar General, Dollar Tree, Five Below, Ollie's Bargain Outlet, and Target, with positive accelerations also seen in Best Buy, Tractor Supply, and Walmart. However, the analysts anticipate potential spending challenges ahead due to macroeconomic factors and the resumption of student loan repayments. In Internet Retail, Lululemon, Nordstrom, and Nike showed positive spending trends, while The RealReal and Etsy experienced mixed results.

Portfolio Pulse from Lekha Gupta

December 29, 2023 | 6:21 pm

HLIT

Harmonic (NASDAQ:HLIT) has been the subject of diverse analyst ratings over the past three months, with 7 analysts offering opinions ranging from bullish to bearish. The average 12-month price target for HLIT is $17.29, with a high of $19.00 and a low of $14.00, marking a 4.79% increase from the previous target of $16.50. Analysts from firms including Rosenblatt, Needham, Raymond James, and Barclays have maintained or adjusted their ratings and price targets, reflecting their latest views on the company's performance. Harmonic designs video infrastructure products and operates in two segments: Video and Broadband. Despite its smaller market capitalization and negative revenue trend of -18.32% as of September 30, 2023, the company has a lower debt-to-equity ratio than the industry average, indicating a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 6:00 pm

ENPH

PLD

The Federal Reserve's aggressive monetary policy has reduced inflation and avoided a recession, with rate cuts expected in 2024. Despite global economic slowdown, Enphase Energy Inc. (ENPH) and Prologis Inc. (PLD) are anticipated to perform well. ENPH faced a revenue decline and EPS drop in Q3 but is expanding globally. Analysts predict a 10.9% CAGR in ENPH's EPS over five years. PLD saw a year-to-date increase of 17% and is expected to show stable growth with improved revenue and EPS estimates for Q1 2024.

Portfolio Pulse from Aditi Ganguly

December 29, 2023 | 6:00 pm

MYMD

MyMD Pharmaceuticals announced that in a recently completed phase 2 clinical trial, their drug MYMD-1 met both of its primary endpoints. This positive outcome could potentially lead to further development and commercialization of the drug.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 5:50 pm

MYMD

MyMD Pharmaceuticals has announced positive results for its sarcopenia treatment drug, which could have significant implications for the treatment of age-related muscle degeneration. The company's focus on this drug could lead to increased investor interest in its potential market impact.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 5:49 pm

JNJ

Significant bearish options activity has been detected in Johnson & Johnson (NYSE:JNJ), with a sentiment split of 12% bullish and 87% bearish among big-money traders. Unusual options trades were spotted, with 2 puts and 6 calls totaling $401,093. Projected price targets range from $100 to $155. The company is preparing to divest its consumer group under the name Kenvue in 2023. JNJ's current stock price is $156.04, with neutral RSI indicators and an earnings announcement expected in 25 days. Analyst ratings vary, with an average target price of $175.5.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 5:46 pm