Streetbeat News

Revenues

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares fell 1.59% in premarket trading to $216.42. The decline follows a period of weakness since mid-July after Q3 results. Factors influencing the drop include weak futures market cues, Tesla's price cuts in Germany, upcoming quarterly results with concerns about margins and 2024 guidance, and weaker-than-expected Q4 GDP data from China, a significant market for Tesla. The stock may remain rangebound until earnings are reported.

Portfolio Pulse from Shanthi Rexaline

January 17, 2024 | 12:51 pm

USO

OPEC's monthly report maintains its 2024 world oil demand growth forecast at 2.25 million barrels per day (B/D) and projects a growth of 1.85 million B/D for 2025.

Portfolio Pulse from Charles Gross

January 17, 2024 | 12:50 pm

SCHW

Schwab's total client assets reached $8.5 trillion at the end of the year, marking a 21% increase. In December, Schwab saw more than $40 billion in core net new assets, which translates to an annualized growth rate of 6%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:33 pm

RVSN

A prominent US-based rail and leasing services company has placed an order for Rail Vision's switch yard systems, with the contract valued at up to $5 million. This order could signify a significant business development for Rail Vision (RVSN), potentially impacting its financial performance and market position.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:19 pm

CBUS

Cibus is advancing the commercialization of its HT1 and HT3 rice traits, which have shown tolerance to commercial herbicide rates in field trials. The company is preparing for a product launch by beginning field scale demonstrations in the US Mid-South. Additionally, Cibus's canola Pod Shatter Reduction (PSR) trait has demonstrated significant pod shatter reduction, meeting the Cibus Powered PSR standard. Multiple canola/WOSR seed developers are incorporating the PSR trait into their product lines, anticipating first sales.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:11 pm

EVGO

EVgo Inc. (NASDAQ:EVGO) reported preliminary 2023 results, with increased utilization and an expanding charging network. The company expects to meet or exceed its 2023 financial goals. Organizational changes include streamlining functions and appointing Dennis Kish as President. Ivo Steklac and Tanvi Chaturvedi will depart the company, with Steklac serving as an advisor during the transition. The changes aim to grow the core business, improve cost structure, and accelerate growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:02 pm

NFLX

KeyBanc Capital Markets analyst Justin Patterson upgraded Netflix, Inc. (NASDAQ:NFLX) stock rating to Overweight and increased the price target from $525 to $545, anticipating a Q4 beat. Patterson forecasts Q4 revenue of $8.74 billion and EPS of $2.22, slightly above consensus estimates. He predicts 9.6 million net paid subscriber additions, higher than the consensus of 8.7 million. The analyst expects Netflix to guide to at least $9.1 billion in Q1 revenue and net adds above the previous year's level. KeyBanc raised its Q4 revenue and EPS estimates by 1% and 3%, respectively, and increased its 2023, 2024, and 2025 EPS estimates for Netflix by 1% each.

Portfolio Pulse from Shanthi Rexaline

January 17, 2024 | 12:02 pm

DTM

DT Midstream (NYSE:DTM) has been analyzed by 3 analysts, with mixed opinions ranging from bullish to bearish. The average 12-month price target is $56.33, with a high of $59.00 and a low of $53.00, reflecting a 2.03% decrease from the previous average. Analysts from Barclays, Wolfe Research, and Mizuho have provided updates, with Barclays raising its target to $59.00, Wolfe Research setting a target of $53.00, and Mizuho lowering its target to $57.00. DT Midstream operates in natural gas midstream services and has shown strong profitability with a net margin of 38.89%, but faces challenges with revenue decline, below-average ROE, and ROA.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 12:00 pm

ANSS

In the last three months, 6 analysts have provided diverse ratings on Ansys (NASDAQ:ANSS), with an average 12-month price target of $312.00, down from $338.00. Recent actions include both raised and lowered price targets and ratings, reflecting changes in market dynamics and company performance. Ansys's financials show a market cap below industry average, a revenue decline of -2.9%, a high net margin of 12.1%, but lagging ROE and ROA. The company's debt-to-equity ratio is low at 0.17.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 12:00 pm

BMY

Bristol Myers Squibb (NYSE:BMY) announced the presentation of data at the ASCO GU 2024, highlighting progress in genitourinary cancer treatments. The data includes results from 14 studies and collaborations, showcasing potential new treatment options and platforms that may transform treatment paradigms.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:00 pm