Streetbeat News

Stock Prices

ALK

Alaska Air Group, Inc (NYSE:ALK) reported better-than-expected Q2 earnings and sales results, with a 7% YoY operating revenue growth to $2.84 billion and adjusted EPS of $3.00. However, the company's shares fell 9.7% after the announcement. Analysts from Goldman Sachs and Barclays have cut their price targets on Alaska Air.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:18 pm

EDU

New Oriental Education & Technology Group Inc (EDU) reported Q4 FY23 sales growth of 64.2% YoY to $860.6 million, beating the consensus of $820.1 million. The company's revenue was boosted by strong post-COVID demand recovery. However, operating costs and expenses rose 29.0% YoY to $812.5 million. Adjusted earnings per ADS of $0.37 missed the analyst consensus of $0.51. The company also repurchased approximately 5.9 million ADSs for about $191.7 million from the open market. For Q1 FY24, the company expects total net revenues of $983.2 million - $1,005.5 million, above the consensus of $939.47 million.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 12:14 pm

TRIN

TRTX

TWO

The most accurate Wall Street analysts have given their ratings for three high-yielding financial stocks: Two Harbors Investment Corp. (TWO), Trinity Capital Inc. (TRIN), and TPG RE Finance Trust, Inc. (TRTX). All three companies have recently seen their price targets cut by various analysts, despite their high dividend yields.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:13 pm

BANC

MSFT

PACW

PacWest Bancorp's shares surged by 35.6% after announcing a merger with Banc of California and reporting upbeat quarterly earnings. Other companies such as Warrantee Inc., AERWINS Technologies Inc., Banc of California, Inc., DISH Network Corporation, Golden Heaven Group Holdings Ltd., AIM ImmunoTech Inc., Tenable Holdings, Inc., AgileThought, Inc., and Alphabet Inc. also saw pre-market gains. On the other hand, Dunxin Financial Holdings Limited, Snap Inc., Aurora Acquisition Corp., AppHarvest, Inc., Yoshiharu Global Co., BioSig Technologies, Inc., Onfolio Holdings, Inc., Bellerophon Therapeutics, Inc., Tupperware Brands Corporation, and Microsoft Corporation experienced pre-market losses.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:09 pm

CNS

JBHT

NDAQ

TRGP

Insiders at Nasdaq, J.B. Hunt Transport, Targa Resources, and Cohen & Steers have recently sold shares. Nasdaq's EVP sold 5,100 shares following a Q2 revenue increase. J.B. Hunt Transport's EVP and COO sold 3,716 shares after reporting downbeat Q2 results. Targa Resources' Senior VP and CAO sold 2,184 shares after Morgan Stanley maintained an Overweight rating but lowered the price target. Cohen & Steers' Chief Accounting Officer sold 1,950 shares following a decline in Q2 EPS.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:03 pm

R

Ryder System, Inc. (R) has projected its total revenue growth for FY23 to be around 2%. The company also expects its adjusted EPS for FY23 to be between $12.20 and $12.70, higher than the estimated $11.59.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:01 pm

NFLX

In the last quarter, Netflix (NASDAQ:NFLX) received 33 analyst ratings, with the majority being bullish or somewhat bullish. The average price target for Netflix is $468.64, indicating an upside from the current price of $427.7. This average has increased by 14.49% from the previous average price target of $409.32.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 12:01 pm

LNC

Lincoln National (NYSE:LNC) has received 11 indifferent and 1 somewhat bearish analyst ratings in the last quarter. The average 12-month price target for the company is $24.83, representing a 6.9% decrease from the previous average price target of $26.67.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 12:01 pm

CCK

Crown Holdings (NYSE:CCK) has received positive analyst ratings in the last quarter, with 2 bullish and 2 somewhat bullish ratings. The average 12-month price target for the company has increased by 6.38% from $98.00 to $104.25.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 12:00 pm

TME

In the last quarter, Tencent Music Enter Gr (NYSE:TME) received 6 bullish ratings and 2 indifferent ratings from analysts. The average 12-month price target for the company, according to 8 analysts, is $9.4, with a high of $11.00 and a low of $7.40. This average price target has increased by 19.29% over the past month.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 12:00 pm