Streetbeat News

Revenues

ASML

ASML Holding NV's stock has dropped 15% in October due to a downward revision of its 2025 sales forecast, despite strong Q3 results. The company expects softer demand outside AI and high-performance computing, impacting its growth trajectory.

Portfolio Pulse from Henry Khederian

October 29, 2024 | 3:24 pm

AAPL

DHI

DJT

GOOG

META

NVDA

TSLA

Retail investors are betting on a Trump win, with Trump Media & Technology Group Corp (DJT) seeing significant gains. Meta Platforms Inc (META) plans to challenge Google's search dominance. DR Horton Inc (DHI) faces revenue challenges, causing stock declines. Money flows are positive for Alphabet (GOOG) and Tesla (TSLA), neutral for Amazon (AMZN), Microsoft (MSFT), and Meta (META), and negative for Apple (AAPL) and NVIDIA (NVDA).

Portfolio Pulse from The Arora Report

October 29, 2024 | 3:15 pm

WGS

GeneDx Holdings (NASDAQ:WGS) reported a narrower Q3 loss and increased revenues, leading to a significant stock price rise. The company beat earnings and revenue expectations, with a notable 77% growth in exome and genome test revenues. GeneDx also improved its adjusted gross margin and achieved positive adjusted net income. The company raised its 2024 revenue guidance, further boosting investor confidence.

Portfolio Pulse from Vandana Singh

October 29, 2024 | 3:11 pm

ZBRA

Zebra Technologies Corporation (NASDAQ:ZBRA) reported strong Q3 earnings, surpassing analyst expectations with sales of $1.255 billion and adjusted earnings of $3.49 per share. The company saw significant growth in its main business segments and has increased its full-year outlook. Zebra shares rose 4.31% following the announcement.

Portfolio Pulse from Vaishali Prayag

October 29, 2024 | 3:10 pm

BP

BP shares are experiencing a decline in trading due to a miss in Q3 revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:07 pm

WBTCUSD

Wrapped Bitcoin (WBTC) has seen a 4.35% price increase in the last 24 hours, continuing a positive trend with a 6% gain over the past week. Trading volume has surged by 171% alongside a slight increase in circulating supply. WBTC's market cap is $10.54 billion, ranking it #16.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:04 pm

THC

Tenet Healthcare Corporation (NYSE:THC) reported strong Q3 results, with sales of $5.12 billion and adjusted EPS of $2.93, both exceeding expectations. The company raised its annual forecast due to robust same-store revenue and free cash flow growth. THC stock rose 12.01% following the announcement.

Portfolio Pulse from Vandana Singh

October 29, 2024 | 3:02 pm

HRMY

Harmony Biosciences (NASDAQ:HRMY) has received predominantly bullish ratings from analysts, with a 12-month average price target of $51.11, reflecting a slight increase. The company shows strong revenue growth and net margin but has a lower ROE compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:02 pm

AMKR

Analysts have varied ratings for Amkor Tech (NASDAQ:AMKR), with recent price targets averaging $33, down from $39.33. Analysts from Keybanc, Morgan Stanley, and Needham have lowered their price targets, reflecting a cautious outlook. Amkor Tech faces challenges with below-industry-average net margin, ROE, and ROA, despite a positive revenue trend.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:01 pm

LNG

The article evaluates Cheniere Energy (NYSE:LNG) against its peers in the Oil, Gas & Consumable Fuels industry, highlighting its financial metrics. Cheniere Energy shows a low P/E ratio, suggesting undervaluation, but a high P/B ratio indicates potential overvaluation. The company has a high ROE but faces challenges with low EBITDA, gross profit, and negative revenue growth.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:01 pm