Streetbeat News

Stock Prices

HES

Hess Corporation (NYSE:HES) reported Q4 adjusted earnings of $1.63 per share, surpassing the consensus estimate of $1.44 by 13.19%. However, this represents a 8.43% decrease from the previous year's earnings of $1.78 per share. Quarterly sales reached $3.04 billion, exceeding estimates of $2.59 billion by 17.18%, but marking a slight 0.62% drop from the previous year's $3.05 billion.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:36 pm

FTV

Fortive (NYSE:FTV) reported Q4 2023 adjusted earnings per share (EPS) of $0.98, surpassing the consensus estimate of $0.94 by 4.26%. Quarterly sales reached $1.58 billion, exceeding the $1.56 billion estimate by 1.23% and marking a 3.53% increase from $1.53 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:33 pm

BA

Boeing reported its Q4 2023 deliveries, totaling 157 commercial airplanes. The company also secured 611 net orders during the same period, indicating a strong demand for its aircraft.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:33 pm

CMCSA

DFS

MSM

VRNT

Insiders at Comcast, Discover Financial, MSC Industrial Direct, and Verint Systems have recently sold shares of their companies. MSC Industrial Direct acquired KAR Industrial Inc., while Discover Financial reported a significant drop in Q4 profit. Comcast announced strong Q4 earnings, a $15 billion buyback, and a dividend increase. Insider sales can indicate various sentiments about the company's prospects and stock valuation.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 12:33 pm

MHO

M/I Homes reported a 61% increase in new contracts for Q4, totaling 1,588. However, the number of homes delivered during the same period decreased by 15%, with a total of 2,019 homes delivered.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:32 pm

AMD

Rosenblatt analyst Hans Mosesmann maintains a Buy rating on Advanced Micro Devices (AMD) and increases the price target from $200 to $250.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:32 pm

BA

Boeing has announced that its 737 program is continuing to deliver airplanes with a production rate of 38 per month. Additionally, the 787 program's production rate has reached five per month.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:32 pm

INTC

MSFT

Prophetic, a new startup, is developing an AI-powered headband named Halo, which is claimed to help control and stabilize lucid dreams using a 'closed-loop neurostimulation system'. The headband, priced at $2000, is currently open for beta tester registrations with a $100 deposit. The technology uses ultrasound, 3D spatial pulse controls, fMRI training data, and EEG sensors. Prophetic has received 2,926 registrations for beta testing. The relevance of this development is highlighted by the increasing focus on AI by companies like Microsoft (MSFT) and Intel (INTC), with Microsoft backing OpenAI and Intel betting on AI's potential.

Portfolio Pulse from Rounak Jain

January 31, 2024 | 12:31 pm

TSVT

Leerink Partners analyst Daina Graybosch has upgraded 2seventy bio (NASDAQ:TSVT) from Market Perform to Outperform and increased the price target from $5 to $18, indicating a positive outlook on the company's performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:29 pm

RKLB

SPIR

Rocket Lab USA, Inc. (RKLB) shares are trading lower in the premarket session despite the successful launch of its first Electron mission for 2024, which included a space-junk-focused mission for Spire Global, Inc. (SPIR) and NorthStar Earth & Space. The mission also marked a step towards reusability by returning the Electron rocket's first stage post-launch. CEO Peter Beck highlighted the mission's success and the company's record number of missions booked for 2024. Earlier in the month, Rocket Lab secured a $515 million contract with the Space Development Agency for 18 satellites, contributing to a backlog of over 40 satellites in development and production.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 12:29 pm