Streetbeat News

Stock Prices

DOV

Dover Corp (NYSE:DOV) reported a slight decline in Q4 fiscal 2023 revenue by 1.6% Y/Y to $2.106 billion, missing consensus estimates. However, adjusted EPS increased by 13% Y/Y to $2.45, surpassing expectations. The company saw improvements in gross profit, operating income, and adjusted segment EBITDA. Operating cash flow and free cash flow also saw significant increases. Dover anticipates demand conditions to improve throughout 2024, projecting GAAP EPS of $7.90-$8.10 and adjusted EPS of $8.95-$9.15, with revenue growth expected between 2%-4%. Shares rose 1.63% to $152.22.

Portfolio Pulse from Akanksha Bakshi

February 01, 2024 | 4:45 pm

MRK

Merck & Co's shares saw an increase following the announcement of their Q4 financial results, which surpassed expectations. Additionally, the company provided an adjusted EPS guidance for FY24 that exceeded analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:43 pm

GOOG

MSFT

NVDA

Microsoft Corporation (NASDAQ:MSFT) reported strong quarterly results, with revenue and net income surpassing analyst expectations, driven by significant growth in its Azure cloud service. In contrast, Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) disappointed with lower-than-expected holiday-season advertising sales. Microsoft's success in AI, highlighted by its partnership with ChatGPT-maker OpenAI and the use of its AI tools by major corporations, has contributed to its stock's rise. Microsoft, along with other tech giants, has significantly influenced market performance, with Microsoft and Nvidia Corporation (NASDAQ:NVDA) accounting for a substantial portion of the S&P 500's gains.

Portfolio Pulse from Upwallstreet

February 01, 2024 | 4:41 pm

QCOM

Qualcomm's shares dropped following its Q1 financial results announcement and future guidance. Citigroup downgraded Qualcomm from Buy to Neutral, and JP Morgan reduced its price target from $173 to $170.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:40 pm

T

VZ

AT&T Inc (NYSE:T) has been upgraded from Neutral to Overweight by JPMorgan analyst Richard Choe, with a price target increase from $18 to $21, due to strong execution in wireless and broadband businesses and potential for long-term growth. The company's broadband is expected to benefit from ongoing fiber build and opportunities in new markets. AT&T's mobility base has stabilized, and it is rolling out mid-band 5G service, with an estimated 1.375 million postpaid phone adds in 2024. Wall Street analysts have a consensus Outperform rating on AT&T, with a notable optimistic outlook from Barclays' Kannan Venkateshwar. AT&T's stock has risen 13.17% in the past 3 months, with a 2.17% revenue increase over the past year.

Portfolio Pulse from Priya Nigam

February 01, 2024 | 4:39 pm

RCL

Royal Caribbean CEO Jason Liberty was featured on CNBC, discussing the company's current performance and future outlook.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:37 pm

GOOS

Canada Goose Holdings Inc. (NYSE:GOOS) reported a 6% year-over-year revenue growth for Q3 FY24, with a notable 14% increase in DTC revenue and a 62% revenue surge in Asia Pacific. Despite missing analyst revenue expectations in USD terms, the company saw gross profit grow by 8% and adjusted EPS increase. The company has adjusted its FY24 revenue and EPS guidance upwards, leading to a 2% rise in its stock price.

Portfolio Pulse from Nabaparna Bhattacharya

February 01, 2024 | 4:33 pm

LVS

Deep-pocketed investors have shown a bearish sentiment towards Las Vegas Sands (LVS) based on unusual options activity detected by Benzinga. The activity includes 9 significant options trades with a mixed sentiment, but a majority leaning bearish. The targeted price range for LVS is between $30.0 to $60.0. The largest trades include both bearish and bullish calls with varying expiration dates and strike prices. Las Vegas Sands, a major operator of integrated resorts primarily in Asia, has seen its stock price increase by 2.11% to $49.95, with a potential overbought RSI indication.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:31 pm

MMC

Marsh & McLennan (NYSE:MMC) has delivered an average annual return of 16.31% over the past 15 years, outperforming the market. A $1000 investment in MMC 15 years ago would be worth $9,908.01 today. The company's market capitalization currently stands at $94.76 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:30 pm

ZTS

Over the past 5 years, Zoetis (NYSE:ZTS) has delivered an average annual return of 16.37%, outperforming the market by 4.24% on an annualized basis. An investment of $1000 in ZTS 5 years ago would be worth $2,143.73 today, showcasing the impact of compounded returns on investment growth. Zoetis currently has a market capitalization of $86.23 billion.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:30 pm