Streetbeat News

Revenues

AMX

America Movil's CFO expressed interest in further growth opportunities in Austria, particularly with Telekom Austria, and indicated a willingness to increase prices in Brazil if the opportunity arises. However, the company has no plans for price hikes in Mexico.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:57 pm

AMX

America Movil, a leading telecommunications company, plans to maintain its capital expenditure at $7 billion in 2024, with a focus on maintaining investments in Colombia and implementing 5G within the year. The company does not anticipate major spectrum spending in 2024, except for in Ecuador.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:56 pm

BTCUSD

SPY

USO

The S&P 500 index pulled back from the 5,000 mark after showing opening strength, while Bitcoin surpassed a $1 trillion market cap. Crude futures experienced a decline following an increase in crude inventories.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:54 pm

LPX

Louisiana-Pacific Corp (NYSE:LPX) reported a Q4 fiscal 2023 net sales decline of 6.7% Y/Y to $658 million, surpassing consensus estimates. Adjusted EPS rose to $0.71 from $0.61 YoY, beating expectations. Adjusted EBITDA increased by 29% Y/Y to $129 million. The company saw a gross margin expansion to 24.2% and an operating margin expansion to 13.5%. Cash and equivalents stood at $222 million, with total liquidity around $770 million. LPX anticipates Siding Net sales growth of 3%-5% YoY in Q1 2024 and 8%-10% YoY growth for 2024, with Adjusted EBITDA projections of $495 million to $525 million.

Portfolio Pulse from Akanksha Bakshi

February 14, 2024 | 3:44 pm

TSEM

Tower Semiconductor shares are trading higher following the announcement of better-than-expected Q4 financial results and positive Q1 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:39 pm

SHEL

A Shell executive predicts the LNG industry will grow by 7M to 20M tons in the next year. Despite Europe's long-term contracts, a structural shortage of 50M-70M tons annually persists for the decade, indicating a significant demand-supply gap.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:30 pm

CNHI

CNH CEO anticipates that high interest rates will dampen construction markets in North America and Europe, but expects U.S. infrastructure spending to provide some offset. South American construction markets are expected to remain flat after a significant decline in 2023. Additionally, farmer sentiment in Europe is low, though not considered a crisis.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:28 pm

BTCUSD

CCJ

SWAV

This week's investment insights cover Janet Yellen's inflation comments, Bitcoin's recovery post-ETF approval dip, DKI's report on Shockwave Medical (SWAV) with a positive outlook, Cameco's (CCJ) shortfall in uranium production and its impact on prices, and the decline in used car prices potentially affecting the CPI. Yellen's remarks are criticized for being out of touch, Bitcoin's resilience is highlighted, SWAV's potential for acquisition is discussed, CCJ's production miss is seen as a temporary setback for uranium prices, and the drop in used car prices is seen as a minor contributor to CPI reduction.

Portfolio Pulse from Gary Brode

February 14, 2024 | 3:05 pm

HBAN

Huntington Bancshares (NASDAQ:HBAN) has seen a diverse range of analyst ratings over the last three months, with a shift towards more bullish perspectives in recent evaluations. Analysts have raised their 12-month price targets, reflecting a positive outlook on the company's performance. Despite this, Huntington faces challenges in revenue growth, profitability, and debt management compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 3:00 pm

H

Analysts have provided diverse opinions on Hyatt Hotels (NYSE:H) over the past quarter, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for Hyatt has been raised to $119.0, indicating a 19.96% increase from the previous target of $99.20. Recent analyst actions include various rating adjustments and price target changes, reflecting evolving market conditions and company performance. Hyatt's financial indicators show positive revenue growth but below industry standards in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 3:00 pm