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Holding onto PODD and watch earnings after the close.
Closed PACB after a little gain.
Closed VCTR ahead of earnings tonight.
Sold Calls in BMBL.
Sold Puts in AXON, I think the fall is over for the short term.
Doubled up in TXO.
Bought back Puts in RCL.
As long as most earning reports are followed by a massacre I will be very hesitant to hold stocks into earnings, even when the report is expected to be positive and greatly improved. I may change my mind next month unless an extended rally to new highs starts. Currently the best play maybe to be part of a run up prior to earnings and sell the day or two before or earlier if the bounce fades. PPO and RSI are two of my several guides here.
Unveiling 4 Analyst Insights On Energy Transfer
BENZINGA 3:01 PM ET 5/9/2024
Symbol Last Price Change
ET 16.23down -0.02 (-0.1231%)
QUOTES AS OF 03:07:36 PM ET 05/09/2024
In the latest quarter, 4 analysts provided ratings for Energy Transfer(ET) , showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 0 0 0 0
Last 30D 1 0 0 0 0
1M Ago 1 0 0 0 0
2M Ago 0 0 0 0 0
3M Ago 2 0 0 0 0
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $19.5, a high estimate of $22.00, and a low estimate of $18.00. Witnessing a positive shift, the current average has risen by 2.63% from the previous average price target of $19.00.
price target chart
Breaking Down Analyst Ratings: A Detailed Examination
The analysis of recent analyst actions sheds light on the perception of Energy Transfer(ET) by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Selman Akyol Stifel Raises Buy $19.00 $18.00
Gabriel Moreen Mizuho Raises Buy $19.00 $18.00
Spiro Dounis Citigroup Raises Buy $18.00 $17.00
Shneur Gershuni UBS Lowers Buy $22.00 $23.00
Key Insights:
Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Energy Transfer(ET). This offers insight into analysts' perspectives on the current state of the company.
Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Energy Transfer(ET) compared to the broader market.
Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Energy Transfer's(ET) future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Energy Transfer's(ET) market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Energy Transfer(ET) analyst ratings.
All You Need to Know About Energy Transfer
Energy Transfer (ET) owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer(ET) also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.
Key Indicators: Energy Transfer's Financial Health
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining Energy Transfer's(ET) financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.15% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: Energy Transfer's (ET) net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 5.86%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Energy Transfer's (ET) ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.45%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.09%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Energy Transfer's (ET) debt-to-equity ratio is below the industry average at 1.45, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Out of ACEL and into CLS and TNP.
I think why we are getting such big drops after earnings maybe due to two reasons: 1/ stock holders are expecting utopia from their stocks, and naturally even when it is a beat they sell on the news. Of course many stocks had a huge run up already since last October and it is profit taking.
2/ Volume is low so many moves are magnified.
Stifel Maintains Buy on Energy Transfer, Raises Price Target to $19
BENZINGA 9:58 AM ET 5/9/2024
Symbol Last Price Change
ET 16.31up +0.06 (+0.3692%)
QUOTES AS OF 10:43:37 AM ET 05/09/2024
Stifel analyst Selman Akyol maintains Energy Transfer(ET) with a Buy and raises the price target from $18 to $19.
Watching ACEL closely, not happy with the price action.
Each morning I spend the first 2-3 hours reading over the nightly reports and adjusting the strike price and expiration on my planned trades. All day I get immediate reports from the top 2 dozen money managers as they make a trade and the reasons for them, so I can cherry pick those, based on all information available to me. At the end of the day I get their forecasts and summations.
Sold Puts on: DUOL, ET, LMT.
Sold Calls on: COP, CVS, CLFD.
Waiting for an up pattern on BMBL to sell calls on.
I will be selling 25 Calls for an elevated price, thanks to the earnings report.
Revise Their Forecasts On Bumble Following Q1 Results
BENZINGA 8:44 AM ET 5/9/2024
Symbol Last Price Change
BMBL 10.27up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 05/08/2024
Bumble Inc. (BMBL) reported better-than-expected first-quarter financial results on Wednesday.
Bumble posted quarterly earnings of 19 cents per share, beating market estimates of 17 cents per share. The company's quarterly sales came in at $267.77 million versus expectations of $265.47 million, according to data from Benzinga Pro.
“We delivered solid Q1 financial results while making great progress on our plans to unlock Bumble’s next phase of growth,” said Lidiane Jones, CEO of Bumble Inc.(BMBL) “We’re actively listening to our customers and building experiences that put joy back into the online dating experience. We relaunched Bumble App – the first chapter in Bumble’s evolution – to give women more choice in how they Make The First Move, showcasing a new pace of innovation and renewed commitment to our mission.”
Bumble said it sees second-quarter revenue of $269 million to $275 million versus estimates of $278.63 million.
Bumble shares fell 0.3% to close at $10.27 on Wednesday.
These analysts made changes to their price targets on Bumble following earnings announcement.
Evercore ISI Group raised the price target on Bumble from $17 to $18. Evercore ISI Group analyst Shweta Khajuria maintained an Outperform rating.
Goldman Sachs cut the price target on Bumble from $18 to $15. Goldman Sachs analyst Alexandra Steiger maintained a Buy rating.
Now Read This: Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month
InvestorsHub, also known as iHub, is a US subsidiary of ADVFN, a UK-based investing site that trades on the London Stock Exchange under the ticker LSE: AFN. HubSpot, Inc. (HUBS) stock trades on the NYSE stock exchange.
GOOG is planning to buy HUBS.
Volume is too low to have too much meaning. People are waiting for the CPI Report next week and afraid to commit too much money prior to it.
It all matters to me, especially with the 150 plus stocks I follow very closely. The moment there is news on any of them I am alerted.
When the news changes I may change my mind also.
Sold CPNG at 3:59pm.
Coupang Shares Fall After Mixed Q1 Results: Here's Why
BENZINGA 2:25 PM ET 5/8/2024
Symbol Last Price Change
CPNG 21.5down -2.15 (-9.0909%)
QUOTES AS OF 02:35:06 PM ET 05/08/2024
Coupang, Inc. (CPNG) shares are trading lower Wednesday after the company posted mixed first-quarter financial results. Here's a look at the key figures from the report.
The Details:
Coupang (CPNG) reported quarterly earnings of 5 cents per share which missed the analyst consensus estimate of 6 cents per share, unchanged from the same period last year.
Quarterly sales clocked in at $7.11 billion which beat the analyst consensus estimate of $6.91 billion and represents a 22.66% increase over sales of $5.8 billion from the same period last year.
The company said Product Commerce segment net revenues were $6.5 billion, up 15% year-over-year, and Product Commerce active customers reached 21.5 million, growing 16% year-over-year.
"Our results are a reflection of our commitment to customer experience and operational excellence,” said Gaurav Anand, CFO of Coupang(CPNG). “We continue to be focused on wowing our customers as we remain just single digit share of a massive and highly fragmented $560 billion commerce opportunity in Korea, and an even smaller share in Taiwan.”
Mizuho analyst James Lee maintained a Neutral rating on Coupang(CPNG) and raised the price target from $20 to $23 following the print.
Related News: Reddit Shares Soar On First Post-IPO Q1 Results, Strong Q2 Guidance
Should I Sell My CPNG Stock?
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Coupang(CPNG) have gained 30.34% year to date. This compares to the average annual return of -13.91%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Coupang(CPNG) stock currently has an RSI of 72.53, indicating overbought conditions.
For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.
CPNG Price Action: According to Benzinga Pro, Coupang(CPNG) shares are down 8.82% at $21.57 at the time of publication Wednesday.
Image: Courtesy of Coupang, Inc.(CPNG)
Following it very closely.
I was planning to hold CEG and even add to it after the report, but I think in view of the news I received just 30 minutes ago, I should be able to buy it back lower.
After a very nice 10% gain in CEG shares i sold since I did not want to be holding them tomorrow when they report, instead switched into NXT, they report on the 14th and are expected to have a big gain in earnings.
I like to stick to cutting my losses after 10% and if there are extenuating circumstances then I may let it go to 20%, but that is line in the sand.
I learned the final lesson with JKS and JD.
ALGN is a broken stock and is also being litigated against. I had 4 Puts sold at a strike of 260, but it hit a 10% loss and coupled with the bad news it is getting bought back on rebounds, so far 1 Puts was bought back.
Added HIMS and closed BURL, PROP, URI and TAK.
We are in a consolidation phase and the market is what some call dull. It is not a market to short, based on past experiences.
Just the title will ring alarm bells, but read the rest.
Good information:
Hedge Fund Legend Druckenmiller Shares His Top Secrets For 30% Returns
BENZINGA 5:53 PM ET 5/7/2024
Symbol Last Price Change
MSFT 411.42up +2.08 (+0.5081%)
CPNG 22.11up -1.54 (-6.5116%)
NVDA 898.21up -7.33 (-0.8095%)
LLY 775.3up -2.47 (-0.3176%)
STX 89.65down +0.14 (+0.1564%)
QUOTES AS OF 11:45:48 AM ET 05/08/2024
Legendary hedge fund manager Stanley Druckenmiller is known for making the right bets at the right time.
He came to fame In the early ’90s after a short against the British pound earnedGeorge Soros, his boss at the time, over $10 billion overnight.
Since then, his hedge fund Duquesne Capital, now called Duquesne Family Office, has made an average of 30% returns a year.
According to the Bloomberg Billionaires Index, 70-year-old Druckenmiller boasts a fortune of almost $10 billion.
In a CNBC interview from Tuesday morning, Druckenmiller said he's not sure how he was able to achieve such impressive returns on a consistent basis for all these years.
"I have no idea. I don't know how I did it. So, I don't even know who that person was," he said.
Yet throughout the years, the investor has shared enough advice and other information that his investment philosophy can be pieced together.
According to SEC filings, the Duquesne Family Office's largest equity investment by the end of 2023 was Microsoft Corp(MSFT), owning more than 1 million shares, reaching 13% of the fund's holdings.
Other large holdings include Korean e-commerce company Coupang Inc(CPNG), NVIDIA Corp(NVDA) ,Eli Lilly And Co(LLY), Teck Resources Ltd Class B and Seagate Technology Holdings PLC(STX) .
Druckenmiller mentioned he exited some of his Nvidia(NVDA) positions after the stock went from $150 to $900 in just a few months.
Also Read: Analyst Warns Of 60% Market Crash Amid Recession Fears: ‘Probably Going To Turn Lower’
Druckenmiller's Five Tips For Investing Success
• Learning from the best beats a high pay: “If you're early on in your career and they give you a choice between a great mentor or higher pay, take the mentor every time. It's not even close,” said Druckenmiller, according to QuoteWise.
Druckenmiller worked as a fund manager for the Quantum Fund, under the guidance of billionaire philanthropist Soros for over 12 years between 1988 and 2000.
• Bet on your convictions: In 2008, Druckenmiller said he learned a lot from Soros, but not what he initially expected to learn.
"I did not learn what makes the yen go up or down, or what makes the stock market go up or down. Soros's great gift was how to use leverage, and how much money to have down based on the risk/reward and your sense of conviction. His view on the yen or the euro was better than random, but not much. And yet he was still one of the great money managers ever because he knew how to bet his convictions."
• Sometimes it's okay to put all your eggs in one basket: "The mistake I'd say 98% of money managers and individuals make is they feel like they got to be playing in a bunch of stuff. If you really see it, put all your eggs in one basket and then watch that basket very carefully.”
• Look ahead, always: “Never, ever invest in the present. It doesn't matter what a company's earning, what they have earned… you have to visualize the situation 18 months from now, and whatever that is, that's where the price will be."
• Diversify across asset classes, not just across industries: "I was also lucky to travel across asset classes. I traded commodities, currencies, bonds and equities, and it gave me discipline, if I didn't have a good idea in equities, I was happy to have no equities."
Now Read: Jeff Bezos-Backed Perplexity AI Is Now A Unicorn After Latest Fundraise: SoftBank’s Masayoshi Son, Nvidia(NVDA) ‘Doubled Down’ On Support
AXON volume is at its heaviest since 10:37 am this morning, after its big fall. It is pushing the price upward and there is no negative news on AXON today. Some profit taking came as it did each top today, it will be interesting to see how the price deals with it. I am comfortable with the shares I own, the average price is just above where we are now.
AXON reversed its lower highs of earlier to higher lows and higher highs and I added more. It is now above 311, however, the volume is too weak for me. I would like to see 1000-4000 shares /minute to confirm this move to higher highs.
We are now above 312 and a little more volume would push the share price into the 314 area, where we shall see a major resistance.
Looks like AXON was stopped again by the resistance at 310.6.
AXON must close above 311 in the very short term and then it could become support. Heavier volume had been coming in the last couple of hours, perhaps the smart money?
AXON decided to move up and a solid volume and PPO signal, so I added to it.
Craig-Hallum Maintains Buy on Axon Enterprise, Raises Price Target to $370
BENZINGA 12:13 PM ET 5/7/2024
Symbol Last Price Change
AXON 309.66up -17.98 (-5.4877%)
QUOTES AS OF 01:01:55 PM ET 05/07/2024
Craig-Hallum analyst Jeremy Hamblin maintains Axon Enterprise(AXON) with a Buy and raises the price target from $325 to $370.
The share price keeps dropping all day, I wonder who sees a rotten egg here. Half a dozen brokerages raised its PT and it had a good report and a positive forecast for the year. Some one with big bucks is moving these shares down. If it drops another 5% I will be adding.
It could be technical, since it failed twice today to even try to close the gap from the open, since then it is making lower highs and lower lows.
That is a big negative, yet at one point it will be seen as a value play with support under it.
YOU increased its dividend from a penny to a dime. I am holding YOU.
Opened VCTR, earnings could be better than last year.
Opened HAS.
Bought back Puts: JKS 7 for 40% loss, held it too long, MO 20, PEP 5, SPOT 1, VICI 10 closed it.
If he wins the prisons will have an open gate.
Added to AXON I seem to see a misprice here.
Before committing money I read this one always and then look at other resources also. Wall Street's Most Accurate Analysts' Views
On 3 Risk Off Stocks With Over 3% Dividend Yields
BENZINGA 7:48 AM ET 5/7/2024
Symbol Last Price Change
CALM 56.92down 0 (0%)
MO 43.49up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 05/06/2024
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
Cal-Maine Foods, Inc. (NASDAQ:CALM)
Dividend Yield: 3.30%
Stephens & Co. analyst Ben Beinvenu reiterated an Equal-Weight rating with a price target of $65 on April 3, 2024. This analyst has an accuracy rate of 75%.
Goldman Sachs analyst Adam Samuelson maintained a Sell rating and increased the price target from $42 to $47 on March 12, 2024. This analyst has an accuracy rate of 66%.
Recent News: On April 4, Cal-Maine Foods(CALM) said Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024.
Altria Group, Inc. (NYSE:MO)
Dividend Yield: 9.01%
Stifel analyst Matthew Smithreiterated a Buy rating with a price target of $50 on March 25. This analyst has an accuracy rate of 64%.
Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 68%.
Recent News: On April 25, Altria Group(MO) reported a first-quarter FY24 sales decline of 2.5% year-on-year to $5.58 billion, beating the analyst consensus estimate of $4.71 billion.
Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
Dividend Yield: 5.79%
UBS analyst Kevin Caliendomaintained a Neutral rating and cut the price target from $25 to $22 on April 3. This analyst has an accuracy rate of 74%.
Morgan Stanley analyst Erin Wright maintained an Underweight rating and lowered the price target from $21 to $20 on April 1. This analyst has an accuracy rate of 73%.
Recent News: On April 24, DoorDash and Walgreens announced a new collaboration to offer SNAP/EBT payment at nearly 7,800 Walgreens stores across the country.
Read More: Over $10M Bet On Sensata Technologies? Check Out These 4 Stocks Insiders Are Buying
Adding to LDOS and AMKR. Selling ELAN.
They obviously do not follow the REAL news.
A good yield. I would be adding to it below 50.
O also beats estimates.