Streetbeat News

Revenues

CAAP

Corporacion America (NYSE:CAAP) reported strong Q1 earnings, with EPS of $0.95 beating the $0.41 estimate and sales of $433.05M surpassing the $428.44M estimate. This represents a significant year-over-year increase in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:48 pm

TSLA

Tesla shares are trading lower due to a decline in the company's Europe registrations in April.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:48 pm

PFE

Pfizer announced a multi-year program starting in Q2 2024 aimed at reducing its cost of goods sold, with the first phase expected to deliver $1.5 billion in savings by the end of 2027. The program will incur one-time costs of $1.7 billion, primarily recorded in 2024, with cash outlays in 2025 and 2026.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:43 pm

XPEV

Goldman Sachs analyst Tina Hou reiterated a Buy rating on XPeng Inc. (NYSE:XPEV) with a price forecast of $11.50. XPeng reported fiscal first-quarter sales growth of 62.3% year-on-year, beating analyst estimates. The company's adjusted net loss per ADS also beat expectations. The analyst expects the G6 model launch to drive vehicle delivery volume and margin improvements. XPeng's strong R&D focus and leading position in NOA could provide further revenue growth and margin improvement.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 4:39 pm

GOOG

GOOGL

Goldman Sachs analyst Eric Sheridan reiterated a Buy rating on Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) with a price target of $195, highlighting the company's strong position in AI-driven digital advertising. Sheridan emphasized Google's advancements in AI tools and services, which are expected to enhance ad performance across various platforms. The analyst also noted Google's strategic moves in digital and streaming video, positioning it well for future growth.

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 4:33 pm

SYY

Sysco has identified several key areas for improvement, including underperforming local case growth, the need to return to pre-2019 supply chain productivity levels, responsiveness to competitive pricing pressures, lower EBIT as a percent of sales for international operations, and delayed sales headcount additions post-COVID-19.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:13 pm

SYY

Sysco has expanded its market share in the U.S., Canada, Ireland, and Great Britain by acquiring new customers. The national sales team has added $3 billion in sales at higher profitability rates. Sysco plans to increase its sales headcount over the next three years to drive further growth and enhance customer engagement. The company is also developing a global operating model to boost international capabilities and growth.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:13 pm

ADI

AMZN

NVDA

QQQ

SPY

TGT

Nvidia's upcoming earnings report is crucial for the AI sector and the broader stock market. Analog Devices reported better-than-expected earnings, while Target missed expectations. Early trade shows mixed money flows among major tech stocks and ETFs. UK inflation data disappointed, affecting market sentiment.

Portfolio Pulse from The Arora Report

May 22, 2024 | 4:07 pm

CDW

CDW (NASDAQ:CDW) has significantly outperformed the market over the past 10 years, delivering an average annual return of 23.35%. An initial investment of $100 in CDW stock 10 years ago would be worth $815.72 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 4:01 pm

DIS

FOX

FOXA

NFLX

Netflix has reportedly won a bidding war for the documentary 'Diddy Do It,' which focuses on rapper Sean 'Diddy' Combs and his multiple sexual assault lawsuits. The documentary, produced by 50 Cent's G-Unit Film & Television Studios, is expected to be a multi-episode docuseries and will be released on Netflix soon. The controversy surrounding Diddy has led to other streaming platforms like Fox's Tubi and Fox Nation releasing similar content, and has also impacted Diddy's business ventures, with Macy's pulling his Sean John brand from stores and Hulu canceling a reality series centered on him.

Portfolio Pulse from Chris Katje

May 22, 2024 | 3:53 pm