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AIRJ

Montana Technologies (NASDAQ:AIRJ) reported a significant decline in its Q1 earnings per share (EPS), with losses of $(0.28) per share, a 1300% decrease from $(0.02) per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:23 pm

FTLS

LI

SMOG

Goldman Sachs analyst Tina Hou reiterated a Buy rating on Li Auto Inc (NASDAQ:LI) with a price target of $43.60. Despite missing Q1 2024 revenue and earnings estimates, Li Auto is making strategic adjustments including price cuts, sales network optimization, and layoffs. The company has delayed its BEV SUV model launch to the first half of 2025. Li Auto's stock has lost nearly 30% in the last 12 months, but upcoming catalysts and strategic changes are expected to drive future growth.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 6:20 pm

DIS

GK

VOX

Disney's Pixar Animation Studios is laying off 14% of its workforce, or about 175 employees, as part of a broader strategy to reduce content spending. This move aligns with CEO Bob Iger's disciplined approach to streaming. The focus now shifts to the anticipated release of 'Inside Out 2' in June. Disney reported a 1% revenue growth year-on-year, with adjusted EPS beating analyst estimates. Disney's stock has gained over 12% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 6:20 pm

XOM

Exxon Mobil (NYSE:XOM) has seen unusual options activity with 11 significant trades, predominantly bullish. Analysts have mixed ratings, with price targets ranging from $120 to $152. The stock is currently trading at $118.32, down by 0.29%.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 6:16 pm

DIS

Whales have shown a bullish stance on Walt Disney (NYSE:DIS) with significant options activity. 40% of trades were bullish and 37% bearish. The expected price range is $95.0 to $115.0. Analysts have mixed ratings with a consensus target price of $124.4.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 6:16 pm

MELI

Recent options trading trends indicate a bearish stance among big-money investors on MercadoLibre (NASDAQ:MELI). Benzinga's options scanner detected 19 trades, with a split sentiment of 26% bullish and 42% bearish. The trades suggest a price range of $1490.0 to $2300.0 for MELI. Analysts have mixed ratings, with a consensus target price of $1925.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 6:16 pm

TCOM

Trip.com Group shares are trading lower following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:09 pm

BEN

BLK

ETHUSD

The SEC is reportedly leaning towards approving spot Ethereum ETFs, with potential approvals as soon as this week. This news has led to a surge in Ethereum's price. The initial deadline for proposed spot ether ETFs is May 23, with VanEck's proposal being the first in line. Other firms with similar filings include Ark Invest, 21Shares, Grayscale Investments, Fidelity, BlackRock, and Franklin Resources.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 6:06 pm

GH

Guardant Health shares are trading lower after FDA staff indicated that the company's test may fail to detect some types of advanced adenomas in patients.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:01 pm

CAVA

Over the past three months, 15 analysts have shared their insights on Cava Group (NYSE:CAVA), with opinions ranging from bullish to bearish. The average 12-month price target is $65.53, reflecting a 20.68% increase from the previous average. Analysts have recently raised their price targets, indicating positive sentiment.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 6:01 pm