Streetbeat News

Stock Prices

MCHP

Microchip Technology (MCHP) reported Q4 2024 earnings of $0.57 per share, meeting analyst estimates, with sales of $1.33 billion, also in line with expectations. This represents a 40.61% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:16 pm

WMB

Williams Companies (WMB) reported Q1 sales of $2.77 billion, surpassing the analyst consensus estimate of $2.69 billion by 3.01%, but marking a 10.06% decrease from the previous year's $3.08 billion.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:16 pm

SPY

Major U.S. pension funds, including CalPERS and the New York State Common Retirement Fund, are reducing their stock allocations in favor of private equity and real estate. Despite this, the S&P 500, as tracked by SPDR S&P 500 ETF Trust (SPY), rebounded with a 3.2% surge in early May after a downturn in April, buoyed by the Federal Reserve's dovish stance on interest rates and a cooler-than-expected April jobs report.

Portfolio Pulse from Piero Cingari

May 06, 2024 | 8:16 pm

IFF

Intl Flavors & Fragrances (IFF) reported Q1 2024 adjusted EPS of $1.13, surpassing the $0.87 estimate, with sales of $2.9B also beating the $2.780B estimate. However, this represents a 4.20% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:16 pm

ARDX

Ardelyx (NYSE:ARDX) has seen a decrease in short interest, now at 15.3% of its float, down 3.53% since the last report. With 35.02 million shares sold short, it would take about 6.86 days to cover all short positions. This change in short interest could indicate shifting market sentiment towards ARDX, as it has more short interest compared to its peer average of 12.95%.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 8:15 pm

NKE

Nike's (NYSE:NKE) short interest has increased by 4.55%, with 17.92 million shares sold short, representing 1.84% of its float. This indicates a bearish sentiment among traders, although it's below the peer group average of 7.47%. The rise in short interest doesn't necessarily predict a near-term price drop but signals increased bearishness. Nike's short interest is less than most of its peers, suggesting relative market confidence compared to similar companies.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 8:15 pm

BK

Bank of New York Mellon (NYSE:BK) has seen a decrease in short interest, now at 7.07 million shares or 0.94% of float, indicating a potential shift in market sentiment towards more bullish views. The short interest decline from the last report is 6.93%, with a current cover time of 2.36 days based on trading volume. Compared to its peers, BK has a lower short interest percentage of float, suggesting a relatively positive outlook among investors.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 8:15 pm

UPS

UPS announced the departure of Chief Financial Officer Brian Newman and is currently searching for a new CFO. This change in leadership could impact UPS's financial strategy and investor confidence in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:15 pm

SAFE

Safehold Inc. (NYSE:SAFE) reported Q1 earnings of $0.43 per share, surpassing the consensus estimate of $0.39, marking a 10.26% beat and a 4.88% increase from the previous year. Quarterly sales reached $93.20 million, exceeding estimates by 5.81% and showing an 18.99% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:14 pm

OWLT

Owlet (NYSE:OWLT) reported Q1 2024 adjusted EPS of $(0.39), missing the $(0.14) estimate, with sales of $14.800M also missing the $16.430M estimate. This represents a 38.32% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:13 pm