Streetbeat News

Revenues

ERJ

Embraer delivered 57 aircraft in Q3 2024, a 33% increase from the previous year, and reached a $22.7 billion backlog, the highest in 9 years. The Defense & Security backlog soared by almost 70%.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:50 pm

NSRGY

Procter & Gamble (P&G) reported a 1% drop in net sales for its fiscal 2025 first quarter, missing sales and net income estimates but exceeding adjusted profit estimates. Organic revenue grew 2% due to higher prices, but volume remained flat. P&G's volume grew in the U.S. but declined in China, particularly in hair and oral care. The company reiterated its fiscal 2025 guidance but faces challenges in both the U.S. and Chinese markets. Nestle also reported weak demand and adjusted its corporate structure.

Portfolio Pulse from Upwallstreet

October 18, 2024 | 9:54 pm

WBS

In the past three months, 8 analysts have rated Webster Financial Corp (NYSE:WBS), with a mix of somewhat bullish and indifferent ratings. The average 12-month price target has increased by 4.29% to $57.62. Analysts have adjusted their ratings and price targets, reflecting their response to recent developments. Webster Financial has shown a revenue growth rate of 7.97%, but faces challenges with net margin, ROE, and ROA being below industry averages.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 9:01 pm

PMAX

Powell Max (NASDAQ:PMAX) reported quarterly earnings of $0.01 per share and $2.91 million in sales for H1 2024.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:27 pm

FRAF

Farmers and Merchants Trust, a unit of Franklin Financial Services, has completed a portfolio shift and expects to recover a $3.4 million after-tax loss in approximately 2.3 years, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:11 pm

AAPL

GLD

IBIT

NFLX

This week, Wall Street reached record highs due to strong bank earnings and positive economic indicators. Oil prices fell below $70, while gold hit an all-time high. Netflix exceeded earnings expectations, and Apple's iPhone 16 saw a sales boost in China. BlackRock's Bitcoin ETF saw significant inflows.

Portfolio Pulse from Piero Cingari

October 18, 2024 | 8:05 pm

BABA

FXI

GLD

NFLX

SPY

The S&P 500 closed higher, driven by strong performance in Netflix and a rise in Chinese stocks due to positive economic data. Gold prices also surged.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:04 pm

BEN

Franklin Resources (NYSE:BEN) has been analyzed by 13 analysts, showing a range of sentiments from indifferent to bearish. Recent analyst actions include lowering ratings and price targets, with an average 12-month price target of $21.25, down from $22.80. The company's financials reveal challenges in profitability and returns, despite a 7.82% revenue growth. Franklin Resources manages $1.681 trillion in assets, with a global presence.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 8:01 pm

NVDA

SERV

UBER

Serve Robotics Inc. (NASDAQ:SERV) shares rose after Northland Capital Markets initiated coverage with an Outperform rating and a $16 price target. The company, backed by Uber and NVIDIA, focuses on autonomous mobile robots for food delivery, projecting significant revenue growth by 2026.

Portfolio Pulse from Vaishali Prayag

October 18, 2024 | 7:39 pm

WAL

Western Alliance (NYSE:WAL) has received varied analyst ratings, with a majority being somewhat bullish. Analysts have raised their 12-month price targets, indicating positive sentiment. The company's financial performance shows strong net margins and ROE, but challenges in asset utilization and higher debt levels.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 7:01 pm