Streetbeat News

Earnings

ORCL

Oracle Corporation is set to release its Q1 FY2025 earnings on September 9, with expectations of $1.33 EPS and $13.24 billion in revenue. Recent analyst ratings show mixed sentiments, with price targets ranging from $125 to $171.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 12:10 pm

PLTR

SMMT

TERN

Palantir Technologies (PLTR) shares rose 8% due to its addition to the S&P 500 index. Terns Pharmaceuticals (TERN) saw a 42% increase after announcing positive Phase 1 trial results for TERN-601. Summit Therapeutics (SMMT) shares surged 62% following successful trial results for Ivonescimab in treating advanced NSCLC.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:09 pm

RVPH

Reviva Pharmaceuticals has presented new data from its Phase 3 RECOVER trial for Brilaroxazine, showing statistically significant results in speech latency, indicating efficacy in treating negative symptoms of schizophrenia. Further data from an open-label extension study is expected in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:05 pm

NOW

ServiceNow (NYSE:NOW) has received mixed analyst ratings, with a majority being bullish. Recent analyst actions show several raised price targets, indicating positive sentiment. ServiceNow's financial performance is strong, with notable revenue growth and profitability, though its ROE is below industry standards.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 12:00 pm

COIN

PAGS

PAX

The article highlights three oversold financial stocks with potential for growth: Coinbase Global, PagSeguro Digital, and Patria Investments. These stocks have low RSI values, indicating they may be undervalued. Barclays upgraded Coinbase, while PagSeguro and Patria reported notable earnings.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 11:36 am

MEOH

MGNR

Methanex Corporation (NASDAQ:MEOH) is set to acquire OCI Global's international methanol business for $2.05 billion, enhancing its global production by over 20%. The acquisition is expected to be immediately accretive to free cash flow per share and add $275 million to annual Adjusted EBITDA. The deal is anticipated to close in the first half of 2025, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 11:09 am

MOB

Mobilicom reported its H1 earnings with an EPS of $(0.11), which is inline year-over-year. The company's sales increased significantly to $1.80 million from $0.54 million in the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:07 am

AAPL

DELL

NVDA

ORCL

PLTR

QQQ

SPY

U.S. stocks are poised for a rebound, driven by tech stocks and Apple's Glowtime event, despite recent market declines due to weak economic data. Key events include inflation reports and a presidential debate. Notable stock movements include Palantir and Dell's inclusion in the S&P 500, and Boeing's labor agreement.

Portfolio Pulse from Shanthi Rexaline

September 09, 2024 | 11:01 am

DIA

QQQ

SPY

USO

UUP

U.S. markets closed lower due to a disappointing jobs report, leading to uncertainty about the Federal Reserve's interest rate decisions. Major indexes like the S&P 500, Dow, and Nasdaq saw significant weekly declines. Crude oil prices rose due to hurricane risks, while the U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

September 09, 2024 | 10:23 am

PRGS

Progress Software anticipates its Q3 revenue and adjusted EPS to meet or exceed the high end of its previously issued guidance from June 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:10 am