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WMT

UBS analyst Michael Lasser maintains a Buy rating on Walmart (NYSE:WMT) and raises the price target from $63 to $69, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:53 pm

EVER

EverQuote, Inc. (NASDAQ:EVER) reported Q1 financial results surpassing expectations with earnings of 5 cents per share against expected losses and sales of $91.06 million against estimates of $80.31 million. The company also provided Q2 revenue guidance significantly above estimates, forecasting $100 million to $105 million versus the expected $77.29 million. Following these results, EverQuote shares surged 14.7% to $24.50. Analysts from Needham and Canaccord Genuity raised their price targets on EverQuote to $30, maintaining a Buy rating.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 3:51 pm

DIS

Disney's direct-to-consumer segment reported profitability in Q2, with operating income slightly ahead of analyst expectations. Despite this, Disney shares fell over 9% after the earnings report. The company beat earnings per share estimates but missed on revenue. Bank of America analyst Jessica Reif Ehrlich maintains a Buy rating and $145 price target on Disney, citing the company's strong assets and potential for future profitability in its streaming business. However, Disney anticipates softer results in the entertainment direct-to-consumer and parks segments in the next quarter.

Portfolio Pulse from Chris Katje

May 07, 2024 | 3:50 pm

SELF

Global Self Storage's stock price increased following a proposal from Etude Storage Partners to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:46 pm

SPY

Fed's Kashkari commented on the slower than expected impact of monetary policy on the economy, noting that financial markets are prone to exuberance, which can be reignited by positive job reports. This observation suggests a cautious approach to interpreting market optimism and the effectiveness of policy measures.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:46 pm

CMG

Big money investors have shown a bearish stance on Chipotle Mexican Grill (CMG), with unusual options activity indicating a split sentiment. Benzinga's options scanner revealed 13 uncommon trades, with a bearish majority. The trades suggest a price target range of $1100 to $3650 for CMG. The company, a leading fast-casual chain in the US, reported systemwide sales of $9.9 billion and nearly 3,440 stores by end of 2023. CMG's stock is currently trading at $3199.1, with professional analysts offering mixed ratings and target prices ranging from $2865 to $3400.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 3:45 pm

ZETA

Zeta Global Holdings Corp. (NYSE:ZETA) reported better-than-expected Q1 financial results, surpassing both earnings and revenue estimates, and raised its Q2 revenue guidance. Following the announcement, Zeta Global's shares surged 17.8% to $15.31. Analysts from Needham, B of A Securities, Oppenheimer, Canaccord Genuity, DA Davidson, and Barclays subsequently increased their price targets on ZETA, reflecting optimism about the company's growth prospects and competitive position in leveraging Gen AI for marketing technology.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 3:44 pm

MYE

Myers Industries shares are trading lower due to worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:43 pm

NVDA

PLTR

The article discusses a shift in investor sentiment towards artificial intelligence stocks, particularly highlighting Palantir Technologies Inc (PLTR) and NVIDIA Corp (NVDA). Despite PLTR reporting strong earnings with a 21% revenue increase, its stock faced a drop due to valuation concerns and a deceleration in commercial business growth. Similarly, NVDA experienced a decline in pre-market trading despite an upgrade by a major Wall Street bank, indicating a change in how smart money is engaging with AI stocks. Additionally, the article mentions money flows in other major stocks and sectors, including positive flows in AAPL and GOOG, neutral in AMZN, negative in META, MSFT, NVDA, and TSLA, and mixed in SPY and QQQ.

Portfolio Pulse from The Arora Report

May 07, 2024 | 3:43 pm

BLMN

Bloomin' Brands, Inc. (NASDAQ:BLMN) reported Q1 adjusted EPS of 70 cents, missing estimates by 4 cents, and sales of $1.195 billion, slightly below expectations. The company cited decreased restaurant-level operating margins, the 2023 Closure Initiative, and higher expenses as reasons for the shortfall. Additionally, it announced the exploration of strategic alternatives for its Brazil operations, including a potential sale, with BofA Securities as its financial advisor. Despite the miss, Bloomin' Brands reaffirmed its FY24 adjusted EPS outlook and expects flat to 1.5% US comparable restaurant sales growth in Q2. Shares fell 2.72% to $24.28.

Portfolio Pulse from Nabaparna Bhattacharya

May 07, 2024 | 3:41 pm