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TSLA

Tesla Inc (NASDAQ:TSLA) is facing significant attention ahead of its earnings report, with shares hitting new 52-week lows due to concerns over EV demand and potential disappointing results. Analysts have varied views, with some predicting negative free cash flow and others focusing on the need for a clear vision from CEO Elon Musk. Recent price target adjustments reflect a broad range of expectations for the company's financial performance. Tesla's recent actions, including workforce layoffs and price cuts in various markets, have contributed to the stock's decline. The company is expected to report an EPS of 51 cents and revenue of $22.33 billion.

Portfolio Pulse from Adam Eckert

April 23, 2024 | 2:32 pm

AAPL

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MSFT

NVDA

TSLA

Nicolai Tangen, CEO of the world's largest wealth fund, Norges Bank Investment Management, expressed concerns over the tech sector's frothiness ahead of major U.S. tech companies' earnings reports. The fund, which reported a first-quarter profit of $110 billion, largely from tech stock investments, is closely watching the upcoming earnings for signs of overvaluation. The tech sector's recent performance, including a 5.5% drop in the Nasdaq Composite, has raised questions about potential overvaluation, especially among the 'Magnificent Seven' U.S. tech giants.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 2:32 pm

CAH

Over the past 5 years, Cardinal Health (NYSE:CAH) has outperformed the market with an annualized return of 16.67%, turning a $100 investment into $215.89. The company's market capitalization stands at $24.95 billion.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 2:31 pm

C

Recent analysis of Citigroup's (NYSE:C) options trading reveals a bearish sentiment among financial giants, with 64% of trades showing bearish tendencies and a significant volume in puts and calls. The analysis predicts a price range for Citigroup between $45.0 and $62.5. Currently, Citigroup's stock is up 1.82% at $62.06, potentially nearing overbought territory with its next earnings release in 80 days.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 2:30 pm

BL

BlackLine's stock price increased following an upgrade by Piper Sandler from Underweight to Neutral, with a new price target of $62, up from $55.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:29 pm

DAVE

Barrington Research analyst Gary Prestopino upgraded Dave (NASDAQ:DAVE) from Market Perform to Outperform and set a $45 price target.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:27 pm

BTCUSD

Bitfinex's analysis suggests Bitcoin's demand could outpace supply by fivefold following its recent halving event. The halving reduced daily new coin supply to $30 million, significantly less than the demand. Investors are moving their holdings to cold storage, anticipating price increases. Bitcoin was trading at $66,548.30. Ark Invest predicts a potential 3,000% rally for Bitcoin in the next 12 months.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 2:26 pm

FI

Fiserv, Inc (NYSE:FI) reported a 7% year-over-year increase in Q1 revenue to $4.88 billion, surpassing the $4.57 billion consensus. Adjusted EPS was $1.88, beating the $1.79 consensus and marking a 19% increase from the previous year. The company experienced a 20% organic revenue growth, led by its Merchant Solutions segment. Following these strong results, Fiserv raised its full-year adjusted EPS outlook to $8.60 - $8.75. The stock price rose 5.6% to $157.17 following the announcement.

Portfolio Pulse from Anusuya Lahiri

April 23, 2024 | 2:24 pm

VZ

Verizon shares are trading higher following the release of their earnings report on Monday.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:24 pm

SUI

JMP Securities analyst Aaron Hecht reiterates a Market Outperform rating on Sun Communities (NYSE:SUI) and maintains a $150 price target.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:24 pm