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TTEK

Tetra Tech, Inc. (NASDAQ:TTEK) reported Q2 financial results surpassing expectations with adjusted earnings of $1.42 per share against estimates of $1.29 and sales of $1.05 billion versus $1.03 billion expected. The company raised its full-year guidance for net revenue and earnings, forecasting a 22% EPS growth for fiscal 2024. Following the announcement, Tetra Tech's shares increased by 2% to $207.99. Analysts from Maxim Group, RBC Capital, and Keybanc raised their price targets on Tetra Tech, reflecting optimism in the company's financial health and future prospects.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 6:10 pm

EWW

TSLA

Mexico's economy faces challenges with slowing GDP growth, rising inflation, and unlikely interest rate cuts, impacting investor sentiment. The iShares MSCI Mexico ETF (EWW) has seen modest performance compared to its Latin American peers, with concerns over Mexico's manufacturing slowdown and upcoming elections. However, Mexico could benefit from geopolitical shifts and increased investment from companies diversifying away from China, including significant investments by Tesla (TSLA) and others in Nuevo Leon.

Portfolio Pulse from Kenneth Rapoza

May 03, 2024 | 6:09 pm

ALHC

Alignment Healthcare Inc (NASDAQ:ALHC) reported a Q1 EPS loss of $(0.25), missing consensus estimates but showed a 43.1% Y/Y increase in sales to $628.6 million, beating both consensus and management guidance. The company's health plan membership grew by 50.5% Y/Y, and it raised its fiscal year 2024 sales outlook. William Blair highlighted Alignment's differentiated position in the Medicare Advantage market, maintaining an Outperform rating despite the challenging environment.

Portfolio Pulse from Vandana Singh

May 03, 2024 | 6:02 pm

BA

LUV

Southwest Airlines is planning to offer reduced hours to pilots in response to delays in aircraft deliveries from Boeing, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:02 pm

IBM

Financial analysts have observed a bullish trend in IBM's options trading, with a significant number of trades predicting a price range between $130.0 and $180.0. The analysis of 15 unusual trades showed a majority bullish sentiment, with 13 calls valued at $1,123,079 and 2 puts worth $89,145. Notable options activity highlighted specific trades with varying sentiments and strike prices. IBM's current market performance shows a slight increase in stock price to $166.02, with professional analysts giving mixed ratings and price targets ranging from $130 to $190.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:01 pm

SEE

Four financial analysts have recently shared mixed evaluations of Sealed Air (NYSE:SEE), with a consensus 12-month price target of $39.5. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Sealed Air's financial indicators such as revenue growth, net margin, ROE, ROA, and debt management are also discussed, providing a comprehensive overview of the company's market position.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:01 pm

VRT

Vertiv Hldgs (NYSE:VRT) has seen a bullish trend in options trading, with 64% of trades being bullish and 21% bearish. The trading volume and open interest suggest a price range of $70.0 to $125.0. Significant trades include bullish calls and puts with strike prices around $90 and $70. The company's stock price is currently up 2.01% at $94.02, with analysts giving mixed ratings and target prices ranging from $90 to $110. The next earnings report is due in 89 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:01 pm

PATK

Patrick Industries (NASDAQ:PATK) received mixed analyst ratings, with a recent shift towards more bullish views. The average 12-month price target was raised to $122.5, reflecting an 11.03% increase from the previous target. The company faces challenges with a revenue decline of -17.94% and below-average net margin, but it has a strong ROE of 2.97%. Analysts from BMO Capital, Truist Securities, Keybanc, and Roth MKM have updated their ratings and price targets, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:00 pm

SCHW

Over the past 20 years, Charles Schwab (NYSE:SCHW) has produced an average annual return of 10.6%, outperforming the market by 2.61% on an annualized basis. A $100 investment in SCHW 20 years ago would be worth $775.38 today. The company's current market capitalization stands at $138.70 billion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:00 pm

RIOT

Riot Platforms (NASDAQ:RIOT) has delivered an average annual return of 19.85% over the past 5 years, outperforming the market by 7.69% annually. A $100 investment in RIOT 5 years ago would now be worth $224.73. The company currently has a market capitalization of $3.08 billion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:00 pm