Streetbeat News

Stock Prices

AAL

DAL

JBLU

UAL

Airline stocks are trading higher following United's report of better-than-expected Q1 earnings, indicating a positive outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:10 am

UAL

United Airlines shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:10 am

JBHT

J.B. Hunt Transport Services' shares dropped following a miss in Q1 revenue and EPS estimates, indicating potential concerns over its financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:09 am

AA

CENX

Shares of steel and aluminum stocks, including AA and CENX, are trading higher following reports that US President Biden plans to triple tariffs on Chinese steel and aluminum.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:09 am

JBHT

QQQ

SPY

UAL

Wall Street is expected to rebound from its April slump, with optimism around earnings season seen as a potential catalyst. Futures for major indices, including the S&P 500 and Nasdaq, are up in premarket trading. Federal Reserve Chair Jerome Powell's recent speech has led to adjusted expectations around interest rates, impacting bond yields. Companies like UnitedHealth Group reported positive earnings, while others like J.B. Hunt and United Airlines saw significant premarket stock movements following their earnings announcements. Upcoming economic data and earnings reports from companies such as Abbott Laboratories and CSX Corp are also in focus.

Portfolio Pulse from Shanthi Rexaline

April 17, 2024 | 11:09 am

NB

NioCorp Developments has announced its decision to voluntarily delist its common shares from the Toronto Stock Exchange, as approved by its Board of Directors. This move will likely impact the company's visibility and liquidity in the Canadian market.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:06 am

CFG

Citizens Financial Group has reaffirmed its comfort with the full-year guidance previously provided and expressed optimism about its medium-term prospects. This indicates a stable financial outlook and potential growth in the coming years.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:03 am

BAC

HSBC

MS

UBS

Morgan Stanley (NYSE:MS) is set to reduce its workforce in the Asia-Pacific region, cutting around 50 jobs, mainly in Hong Kong and China, which is about 13% of its regional bankers. This decision is attributed to declining revenues in Asia, especially in China due to economic challenges. Despite a global revenue increase, Morgan Stanley's net revenue from Asia fell by 12% in the first quarter. Other financial institutions like HSBC Holdings Plc (NYSE:HSBC), UBS Group AG (NYSE:UBS), and Bank of America Corp (NYSE:BAC) have also made similar job cuts in Asia.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 10:56 am

AR

Morgan Stanley analyst Devin McDermott upgraded Antero Resources (NYSE:AR) from Equal-Weight to Overweight and increased the price target from $26 to $36.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:56 am

ASML

IBOT

PP

ASML Holding NV reported a fiscal Q1 2024 net sales decrease of 21.6% YoY to €5.29 billion, missing consensus estimates. Net bookings also declined compared to the previous quarter and year. Despite this, ASML proposes a 5.2% dividend increase for 2023. The company's outlook for Q2 2024 and the full year remains optimistic, expecting stronger performance in the second half. ASML stock dropped 3.42% in premarket trading, but has gained over 52% in the last 12 months. Exposure to ASML can be gained through Tidal ETF Trust II The Meet Kevin Pricing Power ETF and VanEck Robotics ETF.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 10:51 am