Streetbeat News

Earnings

CVLY

EBTC

FNWB

FSBW

TRST

Benzinga Insights has identified five value stocks in the financial services sector that may be worth watching: FS Bancorp, Trustco Bank, First Northwest Bancorp, Enterprise Bancorp, and Codorus Valley Bancorp. The selection is based on low P/E multiples, indicating that these companies may be undervalued. Recent earnings and dividend yields for each company are also provided.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 2:48 pm

EQNR

FANG

MUR

NFG

SBOW

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: Murphy Oil (MUR), SilverBow Resources (SBOW), National Fuel Gas (NFG), Diamondback Energy (FANG), and Equinor (EQNR). All these companies have seen a decrease in earnings per share in the recent quarter. However, Diamondback Energy and Equinor have reported an increase in their dividend yield.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 2:39 pm

FDX

UPS

WMT

YELLQ

FedEx Corporation (FDX) reported a positive earnings surprise, with a 32% YoY improvement in net income, despite a drop in revenue. The company benefited from customer shifts from United Parcel Service Inc (UPS) and the bankruptcy of Yellow Corporation (YELLQ). FedEx's Ground unit saw a significant increase in daily packages, and its Express business reported an 18% operating profit gain. However, the company faces macro headwinds, including deflating demand and global recession fears.

Portfolio Pulse from Upwallstreet

September 21, 2023 | 2:32 pm

BVN

CALT

CIFR

CSCO

EXAI

FDS

FDX

GBX

KVYO

SPLK

Despite a general fall in U.S. stocks, several companies saw gains. Cisco Systems agreed to acquire Splunk for $157 per share, causing Splunk's stock to rise by 20.8%. Calliditas Therapeutics, Exscientia, Klaviyo, Compañía de Minas Buenaventura, FedEx, FactSet Research Systems, The Greenbrier Companies, and Cipher Mining also saw stock increases due to various factors such as collaborations, IPOs, upgrades, and earnings reports.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 2:25 pm

PENN

PENN Entertainment has seen a significant increase in the volume of its $23 call options, with 2187 contracts traded at $0.396, compared to an open interest of 686. The company is expected to release its earnings report on November 2nd before the market opens.

Portfolio Pulse from Charles Gross

September 21, 2023 | 2:20 pm

XOM

ExxonMobil Corporation expects its motor fuels and chemicals profits to rise to $16 billion by 2027, a $4 billion increase from current levels, driven by continuous demand growth. The company anticipates gasoline demand to peak later this decade, a longer timeframe than other forecasters. Exxon's Baytown, Texas-based refinery, which can process 564,440 barrels per day, is located next to a chemical unit, allowing it to shift from producing fuels to also making chemicals.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2023 | 2:10 pm

ARM

AVGO

CART

CSCO

DRI

FDS

GOOG

GOOGL

KBH

KDP

KHC

MRVL

NIO

PARA

SBUX

SPLK

TOSBF

UBS

WBD

Weekly jobless claims fell to 201,000, below estimates. Cisco Systems is acquiring Splunk for $28 billion, causing a rally in Splunk's stock and a fall in Cisco's. Starbucks announced a 7.5% increase in its quarterly dividend. Keurig Dr Pepper appointed Tim Cofer as COO, effective Nov.6, 2023. Kraft Heinz recalled 83,800 cases of Kraft Singles due to choking hazard. Google is replacing Broadcom with Marvell for AI chips. Nio launched a smartphone to compete in China's EV market. Toshiba is going private after a successful $14 billion tender offer from JIP. Unilever is selling some of its non-core beauty brands. UBS terminated 70% of Credit Suisse's HK research staff. VinFast plans to ship EVs to Europe by end of 2023. Paramount Global and Warner Bros. Discovery stocks rose amid reports of a potential end to the Hollywood writers' strike. Arm Holdings and Instacart stocks declined, raising concerns about tech IPOs. The DOJ limited access to key evidence in its antitrust case against Google. Kia launched its cheapest EV in South Korea. KB Home reported a Q3 sales decline of 13.9% YoY but beat estimates. Darden Restaurants reported Q1 sales growth of 11.6% YoY, beating estimates. FactSet Research reported Q4 sales growth of 7.3% YoY, slightly beating estimates.

Portfolio Pulse from Vandana Singh

September 21, 2023 | 2:02 pm

DCFC

DRI

FDS

FLUX

PHXM

SCHL

SHLT

VALN

Earnings reports are scheduled for September 21, 2023 for several companies. Tritium DCFC, Valneva, Darden Restaurants, FactSet Research Systems, and SHL Telemedicine will report before the bell. PHAXIAM Therapeutics, Scholastic, and Flux Power Holdings will report after the bell.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 2:01 pm

DYNT

Dynatronics (NASDAQ:DYNT) is set to release its latest quarterly earnings report on September 22, 2023. Analysts estimate an earnings per share (EPS) of $-0.28. The company's past performance shows a trend of missing EPS estimates, which has led to negative price changes. The stock is currently trading at $0.739 and has seen a 74.74% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 2:00 pm

DRI

Darden Restaurants Inc reported Q1 FY24 sales growth of 11.6% YoY to $2.73 billion, beating the analyst consensus estimate. The growth was driven by a 5.0% increase in same-restaurant sales and sales from 77 new Ruth's Chris Steak House restaurants. The company declared a quarterly cash dividend of $1.31 per share and elected Cynthia T. Jamison as the new Chair of the Board. DRI reaffirmed its FY24 adjusted EPS guidance of $8.55 - $8.85.

Portfolio Pulse from Shivani Kumaresan

September 21, 2023 | 1:39 pm