Streetbeat News

Revenues

BLUE

Four analysts have recently provided ratings for bluebird bio (NASDAQ:BLUE), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $4.25, down 26.09% from the prior average. Analysts have adjusted their ratings and price targets, reflecting their responses to recent developments. bluebird bio has shown significant revenue growth but faces challenges in profitability, return on equity, and debt management.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 8:02 pm

INCY

Analysts have provided mixed evaluations for Incyte (NASDAQ:INCY) over the past three months, with a range of ratings from bullish to bearish. The average 12-month price target has increased slightly to $65.78. Recent analyst actions include several rating raises and a few lowers, reflecting dynamic market conditions and company performance. Incyte's financial performance shows positive revenue growth but challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 8:01 pm

AMAT

Applied Materials (NASDAQ:AMAT) reported Q3 2024 adjusted EPS of $2.12, beating the estimate of $2.02. Sales were $6.780 billion, surpassing the $6.673 billion estimate and showing a 5.53% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:01 pm

BNO

USO

Oil prices are trading higher due to positive US economic data and ongoing Middle East tensions that could affect supply.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:49 pm

GAUZ

Gauzy shares are trading higher following the company's announcement of expected revenue of $240 million over the next 10 years from aeronautic cockpit shading.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:46 pm

ACI

COST

KR

SFM

TGT

July inflation data shows a modest 0.1% increase in the food-at-home index, with a notable 5.5% rise in egg prices. This has impacted the broader meats, poultry, fish, and eggs category, which saw a 0.7% increase. Other food categories like fruits and vegetables, and nonalcoholic beverages also saw price hikes, while cereals, bakery products, and dairy products experienced slight declines. The food-away-from-home category saw a 0.2% increase. Stocks to watch include Kroger, Costco, Target, Albertsons, and Sprouts Farmers Market, which may benefit from ongoing consumer spending on groceries.

Portfolio Pulse from Henry Khederian

August 15, 2024 | 7:43 pm

AMZD

AMZN

AMZU

Positive retail data has brought attention to Amazon.com Inc (AMZN) and Direxion's Amazon-focused ETFs, AMZU and AMZD. Retail sales increased by 1% month-over-month in July, beating expectations, and jobless claims fell to their lowest levels in five weeks. Despite Amazon's mixed Q2 earnings, the positive retail data has led to a significant jump in AMZU, while AMZD has slipped below key moving averages.

Portfolio Pulse from Joshenomoto@benzinga.com

August 15, 2024 | 7:41 pm

MFG

MUFG

SMFG

Shares of US-listed Japanese banking companies are trading higher following strong GDP economic data. Japanese Prime Minister Fumio Kishida announced that he will step down in September.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:40 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

WMT

Three new pieces of data—Walmart earnings, jobless claims, and retail sales—have triggered aggressive buying in NVIDIA Corp (NVDA) and AI stocks. Walmart's strong earnings and positive retail sales data indicate a robust consumer economy, while lower jobless claims suggest economic strength. This has led to positive money flows in major tech stocks and ETFs, including NVDA, AAPL, AMZN, GOOG, META, MSFT, TSLA, SPY, and QQQ.

Portfolio Pulse from The Arora Report

August 15, 2024 | 7:32 pm

EWG

RTX

SPY

The U.S. has approved a potential $5 billion sale of Patriot missiles to Germany. This deal is expected to benefit defense contractors and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:08 pm