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Stock Prices

ITT

ITT shares are trading lower following the release of their Q1 earnings, indicating a negative market reaction to the financial results.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:38 pm

AFL

AFLAC's shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:37 pm

SO

Southern Company (NYSE:SO) reported a 2.6% decline in Q1 2024 operating revenue to $6.646 billion, missing consensus estimates. Despite the revenue dip, operating expenses decreased by 6.1%, and adjusted EPS improved to $1.03 from $0.79 YoY, beating consensus estimates. The company saw a 40% increase in operating income and a significant expansion in margin. Cash from operations rose to $1.31 billion, with shares trading higher by 1.53% at $75.66.

Portfolio Pulse from Akanksha Bakshi

May 02, 2024 | 2:36 pm

CCIXU

Trading for the IPO security CCIXU was halted but has now resumed as of 10:35:00 AM ET.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:35 pm

MT

Arcelor Mittal's stock price increased following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:35 pm

CNK

PEJ

PSCU

Cinemark Holdings Inc (NYSE:CNK) reported a Q1 2024 sales decline of 5.2% year-on-year to $579.20 million, surpassing analyst expectations. EPS was $0.19, beating the forecasted loss of $(0.20). Despite a 7.5% drop in attendance, the company outperformed in earnings and revenue. Cinemark's stock has seen a nearly 4% increase over the past 12 months, with potential exposure through Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) and Invesco Leisure And Entertainment ETF (NYSE:PEJ).

Portfolio Pulse from Anusuya Lahiri

May 02, 2024 | 2:33 pm

MKL

Markel Group's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:32 pm

SBUX

Financial analysis of Starbucks (NASDAQ:SBUX) options market reveals a bullish sentiment among traders, with a significant number aiming for a price range of $70.0 to $85.0 in the next three months. Notable options activity includes both bullish and bearish trades, with a mix of calls and puts. Starbucks, a global coffee chain, has seen its stock price slightly decrease to $73.71, with market experts issuing varied ratings and target prices, the consensus being $92.2.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 2:32 pm

PYPL

High-rolling investors have shown a bearish sentiment on PayPal Holdings (NASDAQ:PYPL) through unusual options activity, with a significant number of bearish calls despite a minority of bullish positions. Benzinga's tracking revealed 12 notable trades, aiming for a price range of $60.0 to $75.0 for PYPL over the next three months. The market's reaction to this could be pivotal for PayPal, which has seen a slight increase in its stock price to $66.33, amidst analysts' mixed ratings and predictions of an approaching overbought condition.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 2:32 pm

CF

CF Industries Holdings shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:31 pm