MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs Stock (ARCA: BNKD)

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs Stock (ARCA:BNKD), Trade Ideas

Markets

BNKD

IMCG

ISCG

NRGD

Many investors utilize exchange-traded funds (ETFs) which are diversified securities that contain various investments including stocks, commodities, and 

Let&#39;s Take A Look At This Weeks Highest Performing ETFs 5/7

ETFs

Exchange Traded funds (ETFs) are excellent investment tools that can be purchased or sold on the stock market.

Let&#39;s Take A Look At This Weeks Highest Performing ETFs 4/30

ACVF

Let&#39;s Take A Look At This Weeks Highest Performing ETFs 4/23

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

<p>Universal Health Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) reported quarterly earnings of $3.70 per share which beat the analyst consensus estimate of $3.16 by 17.09 percent.  The company reported quarterly sales of $3.844 billion which beat the analyst consensus estimate of $3.775 billion by 1.84 percent.  This is a 10.84 percent increase over sales of $3.468 billion the same period last year.</p>


Earnings

Earnings Beats

News

Universal Health Servs Q1 2024 Adj EPS $3.70 Beats $3.16 Estimate, Sales $3.844B Beat $3.775B Estimate

WIIM

Chipotle Mexican Grill shares are trading higher after the company reported better-than-expected Q1 financial results.

<p>Annaly Capital Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLY#NYSE">NLY</a>) reported quarterly earnings of $0.64 per share which met the analyst consensus estimate. This is a 20.99 percent decrease over earnings of $0.81 per share from the same period last year.  The company reported quarterly sales of $1.09 billion which beat the analyst consensus estimate of $1.02 billion by 7.30 percent.  This is a 33.76 percent increase over sales of $818.25 million the same period last year.</p>


Annaly Capital Management Q1 Adj $0.64, Inline, Sales $1.09B Beat $1.02B Estimate

<p>United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) reported quarterly earnings of $9.15 per share which beat the analyst consensus estimate of $8.33 by 9.84 percent.  The company reported quarterly sales of $3.485 billion which beat the analyst consensus estimate of $3.442 billion by 1.25 percent.  This is a 6.09 percent increase over sales of $3.285 billion the same period last year.</p>


United Rentals Q1 2024 Adj EPS $9.15 Beats $8.33 Estimate, Sales $3.485B Beat $3.442B Estimate

<p>Deep-pocketed investors have adopted a bearish approach towards Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SNAP usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 52 extraordinary options activities for Snap. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 26% leaning bullish and 69% bearish. Among these notable options, 12 are puts, totaling $532,279, and 40 are calls, amounting to $3,757,722.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $8.5 to $30.0 for Snap over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Snap's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Snap's substantial trades, within a strike price spectrum from $8.5 to $30.0 over the preceding 30 days.</p>
<h3>Snap Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713989793_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SNAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.29</td>
<td>$1.71</td>
<td>$1.7</td>
<td>$22.00</td>
<td>$298.5K</td>
<td>14.8K</td>
<td>2.5K</td>
</tr>
<tr>
<td>SNAP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$2.2</td>
<td>$1.98</td>
<td>$2.1</td>
<td>$20.00</td>
<td>$210.0K</td>
<td>7.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SNAP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.19</td>
<td>$2.07</td>
<td>$2.1</td>
<td>$20.00</td>
<td>$210.0K</td>
<td>7.2K</td>
<td>0</td>
</tr>
<tr>
<td>SNAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.3</td>
<td>$2.06</td>
<td>$2.06</td>
<td>$20.00</td>
<td>$205.8K</td>
<td>7.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>SNAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.6</td>
<td>$1.57</td>
<td>$1.57</td>
<td>$15.00</td>
<td>$157.0K</td>
<td>37.6K</td>
<td>8.0K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Snap</h3>
<p>Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.</p>
<p>After a thorough review of the options trading surrounding Snap, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Snap</h3>
<ul>
<li>With a volume of 28,078,307, the price of SNAP is down -2.46% at $11.11. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 1 days.</li>
</ul>
<h3>Expert Opinions on Snap</h3>
<p>In the last month, 3 experts released ratings on this stock with an average target price of $13.0.</p>
<ul>
<li>Reflecting concerns, an analyst from Roth MKM lowers its rating to Neutral with a new price target of $14.</li>
<li>An analyst from UBS persists with their Neutral rating on Snap, maintaining a target price of $13. </li>
<li>Maintaining their stance, an analyst from Stifel continues to hold a Hold rating for Snap, targeting a price of $12. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Snap with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

SNAP

Behind the Scenes of Snap's Latest Options Trends

Earnings Misses

Nabors Industries Q1 2024 GAAP EPS $(4.54), Sales $734.000M Beat $728.893M Estimate

<p>High-rolling investors have positioned themselves bullish on Sarepta Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SRPT often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 9 options trades for Sarepta Therapeutics. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 66% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $58,650, and 8 calls, totaling $508,245.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $150.0 for Sarepta Therapeutics over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Sarepta Therapeutics's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Sarepta Therapeutics's substantial trades, within a strike price spectrum from $70.0 to $150.0 over the preceding 30 days.</p>
<h3>Sarepta Therapeutics Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713989787_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SRPT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$16.0</td>
<td>$14.4</td>
<td>$16.0</td>
<td>$140.00</td>
<td>$228.8K</td>
<td>5.2K</td>
<td style="text-align: right;">151</td>
</tr>
<tr>
<td>SRPT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$16.6</td>
<td>$16.4</td>
<td>$16.5</td>
<td>$135.00</td>
<td>$115.3K</td>
<td>24</td>
<td style="text-align: right;">70</td>
</tr>
<tr>
<td>SRPT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$20.5</td>
<td>$19.2</td>
<td>$19.55</td>
<td>$130.00</td>
<td>$58.6K</td>
<td>8</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>SRPT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$11.1</td>
<td>$8.7</td>
<td>$9.4</td>
<td>$115.00</td>
<td>$30.0K</td>
<td>100</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>SRPT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$12.4</td>
<td>$11.1</td>
<td>$12.0</td>
<td>$140.00</td>
<td>$28.8K</td>
<td>287</td>
<td style="text-align: right;">162</td>
</tr>
</tbody>
</table>
</p>
<h3>About Sarepta Therapeutics</h3>
<p>Sarepta Therapeutics Inc is a biotechnology company focused on treating rare, infectious, and other diseases. It targets a broad range of diseases while focusing on the rapid development of its drug candidates. Sarepta's strategy involves proprietary RNA-targeted technology platforms to be used for developing novel pharmaceutical products to treat a broad range of diseases and address key unmet medical needs. The company uses third-party contractors to manufacture its product candidates. Most of company's product candidates are at an early stage of development.</p>
<p>Having examined the options trading patterns of Sarepta Therapeutics, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Sarepta Therapeutics's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,334,668, the price of SRPT is up by 6.09%, reaching $124.25.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 13 days from now.</li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Sarepta Therapeutics, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


SRPT

This Is What Whales Are Betting On Sarepta Therapeutics

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>BP</strong>.</p>
<p>Looking at options history for BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) we detected 13 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 69% of the investors opened trades with bullish expectations and 30% with bearish.</p>
<p>From the overall spotted trades, 6 are puts, for a total amount of $330,302 and 7, calls, for a total amount of $461,481.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $23.0 to $47.0 for BP during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for BP options trades today is 5105.89 with a total volume of 3,103.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for BP's big money trades within a strike price range of $23.0 to $47.0 over the last 30 days.</p>
<h3>BP Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713989782_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>BP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.62</td>
<td>$2.61</td>
<td>$2.61</td>
<td>$40.00</td>
<td>$106.4K</td>
<td>6.3K</td>
<td style="text-align: right;">410</td>
</tr>
<tr>
<td>BP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.5</td>
<td>$3.8</td>
<td>$3.85</td>
<td>$42.00</td>
<td>$102.4K</td>
<td>1.8K</td>
<td style="text-align: right;">266</td>
</tr>
<tr>
<td>BP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$2.91</td>
<td>$2.9</td>
<td>$2.9</td>
<td>$42.00</td>
<td>$80.6K</td>
<td>1.0K</td>
<td style="text-align: right;">278</td>
</tr>
<tr>
<td>BP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.25</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$40.00</td>
<td>$70.7K</td>
<td>29.6K</td>
<td style="text-align: right;">442</td>
</tr>
<tr>
<td>BP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.25</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$40.00</td>
<td>$70.7K</td>
<td>29.6K</td>
<td style="text-align: right;">221</td>
</tr>
</tbody>
</table>
</p>
<h3>About BP</h3>
<p>BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.</p>
<p>Having examined the options trading patterns of BP, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>BP's Current Market Status</h3>
<ul>
<li>With a volume of 7,519,687, the price of BP is up 0.71% at $39.57. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 13 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for BP with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Smart Money Is Betting Big In BP Options

ServiceNow shares are trading lower after the company reported Q1 financial results.

<p>Graco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGG#NYSE">GGG</a>) reported quarterly earnings of $0.65 per share which missed the analyst consensus estimate of $0.74 by 12.16 percent. This is a 12.16 percent decrease over earnings of $0.74 per share from the same period last year.  The company reported quarterly sales of $492.189 million which missed the analyst consensus estimate of $536.386 million by 8.24 percent.  This is a 7.07 percent decrease over sales of $529.646 million the same period last year.</p>


Graco Q1 2024 Adj EPS $0.65 Misses $0.74 Estimate, Sales $492.189M Miss $536.386M Estimate

<p>Molina Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) reported quarterly earnings of $5.73 per share which beat the analyst consensus estimate of $5.59 by 2.5 percent. This is a 1.38 percent decrease over earnings of $5.81 per share from the same period last year.  The company reported quarterly sales of $9.93 billion which beat the analyst consensus estimate of $9.44 billion by 5.20 percent.  This is a 21.87 percent increase over sales of $8.15 billion the same period last year.</p>


Molina Healthcare Q1 EPS $5.73 Beats $5.59 Estimate, Sales $9.93B Beat $9.44B Estimate

<p>Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) reported quarterly Adj earnings of $2.31 per share which met the analyst consensus estimate. The company reported quarterly sales of $3.120 billion which missed the analyst consensus estimate of $3.143 billion by 0.72 percent. This is a 8.60 percent increase over sales of $2.873 billion the same period last year.</p>


Raymond James Finl Q2 2024 Adj EPS $2.31, Inline, Sales $3.120B Miss $3.143B Estimate

<p>Vista Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIST#NYSE">VIST</a>) reported quarterly earnings of $0.79 per share which missed the analyst consensus estimate of $0.90 by 12 percent.  The company reported quarterly sales of $317.352 million which missed the analyst consensus estimate of $353.791 million by 10.30 percent.  This is a 4.66 percent increase over sales of $303.213 million the same period last year.</p>


VIST

Vista Energy Q1 2024 GAAP EPS $0.79 Misses $0.90 Estimate, Sales $317.352M Miss $353.791M Estimate

The Trade Desk shares are trading lower in sympathy with Meta Platforms, which reported Q1 results.

<p><strong>AT&amp;T Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) reported modest first-quarter 2024 results, as solid wireless traction and customer additions were partially offset by lower demand for legacy voice and data services. The company recorded strong subscriber growth backed by a resilient business model and robust cash flow position, driven by a diligent execution of operational plans. AT&amp;T expects to continue investing in key areas of 5G and fiber and adjust its business according to the evolving market scenario to fuel long-term growth.</p>
<h3>Net Income</h3>
<p>On a GAAP basis, AT&amp;T reported net income of $3.4 billion or 47 cents per share compared to $4.2 billion or 57 cents per share in the year-ago quarter. The decline is primarily attributed to lower net sales and higher operating expenses year over year.<br />
Excluding non-recurring items, adjusted earnings from continuing operations were 55 cents per share compared with 60 cents in the year-ago quarter. Adjusted earnings for the first quarter beat the Zacks Consensus Estimate of 53 cents.</p>
<div class="chart_embed">
<h3>AT&amp;T Inc. Price, Consensus and EPS Surprise <a href="https://www.zacks.com/stock/chart/T/price-consensus-eps-surprise-chart?icid=chart-T-price-consensus-eps-surprise-chart"> <img alt="AT&amp;T Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/63/1713966982.png" style="height:265px; width:577px" title="" /> </a></h3>
<p>AT&amp;T Inc. price-consensus-eps-surprise-chart | AT&amp;T Inc. Quote</p>
</div>
<h3>Quarter Details</h3>
<p>Quarterly GAAP operating revenues decreased marginally by 0.4% year over year to $30 billion, largely due to declining Mobility equipment sales and lower Business Wireline Revenues, mostly offset by higher Mobility Service, Mexico and Consumer Wireline revenues. The top line fell short of the consensus mark of $30.66 billion.<br />
Adjusted operating income for the quarter was $6 billion compared with $5.97 billion in the prior-year quarter. This resulted in respective adjusted operating income margins of 20% and 19.8%. Adjusted EBITDA improved to $11 billion from $10.59 billion.<br />
AT&amp;T witnessed solid subscriber momentum with 389,000 post-paid net additions. This included 349,000 postpaid wireless phone additions. Postpaid churn was 0.89%, while postpaid phone-only average revenue per user (ARPU) increased 0.9% year over year to $55.57 due to improved international roaming, pricing actions and a transition to higher-priced unlimited plans.</p>
<h3>Segmental Performance</h3>
<p><strong>Communications:</strong> Total segment operating revenues were $28.86 billion, down from $29.15 billion, as improvement in the Mobility business (marginally up 0.1% to $20.59 billion) and Consumer Wireline (up 3.4% to $3.35 billion) was offset by a decline in Business Wireline (down 7.8% to $4.91 billion). The segment revenues missed our estimates of $29.98 billion.<br />
Service revenues from the Mobility unit improved 3.3% to $15.99 billion, driven by solid subscriber and postpaid ARPU gains, while equipment revenues decreased 9.8% year over year to $4.6 billion due to lower sales volume. Revenues from the Consumer Wireline business were up due to a gain in fiber broadband. AT&amp;T recorded net fiber additions of 252,000 and has the ability to serve 27.1 million consumer and business customer locations in more than 100 U.S. metro areas with fiber.&nbsp; AT&amp;T Internet Air added 110,000 subscribers during the quarter.<br />
Revenues from Business Wireline were down due to lower demand for legacy voice and data services as customers shifted to more advanced IP-based offerings. Segment operating income was flat at $6.74 billion, matching the year-earlier quarter&#39;s tally, with operating margins of 23.4% and 23.1%, respectively. Adjusted EBITDA was $11.48 billion compared with $11.03 billion in the year-ago quarter.<br />
<strong>Latin America:</strong> Total operating revenues were $1.06 billion, up 20.4% year over year, due to growth in service and equipment revenues driven by favorable currency impact and higher sales. Adjusted EBITDA improved to $180 million from $145 million in the year-ago quarter for respective margins of 16.9% and 16.4%.</p>
<h3>Cash Flow &amp; Liquidity</h3>
<p>In the first quarter of 2024, AT&amp;T generated $7.55 billion of cash from operations compared with $6.68 billion in the prior-year period. Free cash flow at quarter end was $3.14 billion compared with $1 billion in the year-ago quarter. As of Mar 31, 2024, AT&amp;T had $3.52 billion of cash and cash equivalents with long-term debt of $125.70 billion. Net debt to adjusted EBITDA was about 2.94X.</p>
<h3>Guidance</h3>
<p>While optimizing operations, AT&amp;T is aiming to increase efficiencies to lower operating costs while focusing on 5G and fiber-based connectivity, along with an expanded reach of software-based entertainment platforms. For fiscal 2024, AT&amp;T has reiterated its previous guidance. Wireless service revenues are likely to improve in the vicinity of 3%, while broadband revenues are anticipated to be up in excess of 7%.<br />
Adjusted earnings are projected to be within $2.15 and $2.25 per share. Free cash flow in 2024 is expected to be within $17-$18 billion due to cost savings. The company is also aiming to reduce its debt burden by monetizing non-core assets. AT&amp;T firmly remains on track to pass more than 30 million fiber locations by the end of 2025.</p>
<h3>Zacks Rank &amp; Stocks to Consider</h3>
<p>AT&amp;T currently has a Zacks Rank #3 (Hold).<br />
<strong>Pinterest</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>), sporting a Zacks Rank #1 (Strong Buy) at present, delivered a trailing four-quarter average earnings surprise of 37.42%. In the last reported quarter, it delivered an earnings surprise of 3.92%.<br />
Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which appears to be one of the best ad platforms for consumer discretionary brands looking for ways to reach customers and stretch smaller ad budgets.<br />
<strong>NVIDIA Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), currently sporting a Zacks Rank #1, delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%.<br />
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company&#39;s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.<br />
<strong>Arista Networks, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 13.3%, on average, in the trailing four quarters.<br />
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.</p>
<p><a href="https://www.zacks.com/stock/news/2261409/at-t-t-q1-earnings-beat-estimates-revenues-remain-flat-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2261409">To read this article on Zacks.com click here.</a></p>


Tech

Trading Ideas

ANET

NVDA

PINS

AT&T Q1 Earnings Beat Estimates, Revenues Remain Flat Y/Y

<p><strong>PagSeguro Digital Ltd.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pags#NYSE">PAGS</a>) closed at $11.85 in the latest trading session, marking a +0.51% move from the prior day. This change lagged the S&amp;P 500&#39;s 1.2% gain on the day. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.59%.</p>
<p>Coming into today, shares of the company had lost 15.3% in the past month. In that same time, the Business Services sector lost 6.46%, while the S&amp;P 500 lost 4.16%.</p>
<p>The upcoming earnings release of PagSeguro Digital Ltd. will be of great interest to investors. The company is expected to report EPS of $0.30, up 30.43% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $738.95 million, indicating a 2.37% growth compared to the corresponding quarter of the prior year.</p>
<p>Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.29 per share and revenue of $3.26 billion, indicating changes of +18.35% and +1.84%, respectively, compared to the previous year.</p>
<p>It is also important to note the recent changes to analyst estimates for PagSeguro Digital Ltd. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company&#39;s business and profitability.</p>
<p>Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we&#39;ve established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.</p>
<p>The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.58% higher. As of now, PagSeguro Digital Ltd. holds a Zacks Rank of #1 (Strong Buy).</p>
<p>Digging into valuation, PagSeguro Digital Ltd. currently has a Forward P/E ratio of 9.14. This denotes a discount relative to the industry&#39;s average Forward P/E of 14.24.</p>
<p>Investors should also note that PAGS has a PEG ratio of 0.63 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company&#39;s expected earnings growth rate. Financial Transaction Services stocks are, on average, holding a PEG ratio of 1.15 based on yesterday&#39;s closing prices.</p>
<p>The Financial Transaction Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 87, placing it within the top 35% of over 250 industries.</p>
<p>The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.</p>
<p>Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.</p>
<p><a href="https://www.zacks.com/stock/news/2260650/pagseguro-digital-ltd-pags-increases-yet-falls-behind-market-what-investors-need-to-know?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v1-2260650">To read this article on Zacks.com click here.</a></p>


PAGS

PagSeguro Digital Ltd. Increases Yet Falls Behind Market: What Investors Need to Know

<p>The latest trading session saw <strong>Lithium Americas Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lac#NYSE">LAC</a>) ending at $4.68, denoting a -1.47% adjustment from its last day&#39;s close. The stock&#39;s change was less than the S&amp;P 500&#39;s daily gain of 1.2%. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 1.59%.</p>
<p>Coming into today, shares of the lithium producer had lost 30.76% in the past month. In that same time, the Basic Materials sector lost 1.66%, while the S&amp;P 500 lost 4.16%.</p>
<p>The investment community will be paying close attention to the earnings performance of Lithium Americas Corp. in its upcoming release. The company is slated to reveal its earnings on May 13, 2024.</p>
<p>Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Lithium Americas Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company&#39;s business and profitability.</p>
<p>Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.</p>
<p>The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 13.02% upward. As of now, Lithium Americas Corp. holds a Zacks Rank of #3 (Hold).</p>
<p>The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 37% of all 250+ industries.</p>
<p>The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.</p>
<p>You can find more information on all of these metrics, and much more, on Zacks.com.</p>
<p><a href="https://www.zacks.com/stock/news/2260648/lithium-americas-corp-lac-stock-falls-amid-market-uptick-what-investors-need-to-know?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v1-2260648">To read this article on Zacks.com click here.</a></p>


Penny Stocks

Small Cap

Lithium Americas Corp. Stock Falls Amid Market Uptick: What Investors Need to Know

<p>In the latest market close, <strong>Upwork</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upwk#NASDAQ">UPWK</a>) reached $11.37, with a +1.25% movement compared to the previous day. The stock exceeded the S&amp;P 500, which registered a gain of 1.2% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%.</p>
<p>Shares of the online freelance marketplace operator witnessed a loss of 9.44% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 6.83% and the S&amp;P 500&#39;s loss of 4.16%.</p>
<p>Investors will be eagerly watching for the performance of Upwork in its upcoming earnings disclosure. The company&#39;s earnings report is set to be unveiled on May 1, 2024. On that day, Upwork is projected to report earnings of $0.19 per share, which would represent year-over-year growth of 2000%. At the same time, our most recent consensus estimate is projecting a revenue of $186.71 million, reflecting a 16.07% rise from the equivalent quarter last year.</p>
<p>For the full year, the Zacks Consensus Estimates project earnings of $0.80 per share and a revenue of $776.85 million, demonstrating changes of +53.85% and +12.73%, respectively, from the preceding year.</p>
<p>Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Upwork. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company&#39;s business outlook.</p>
<p>Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.</p>
<p>The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Upwork boasts a Zacks Rank of #3 (Hold).</p>
<p>With respect to valuation, Upwork is currently being traded at a Forward P/E ratio of 14.04. This expresses a discount compared to the average Forward P/E of 24.09 of its industry.</p>
<p>The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 50, putting it in the top 20% of all 250+ industries.</p>
<p>The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.</p>
<p>You can find more information on all of these metrics, and much more, on Zacks.com.</p>
<p><a href="https://www.zacks.com/stock/news/2260646/upwork-upwk-rises-higher-than-market-key-facts?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v1-2260646">To read this article on Zacks.com click here.</a></p>


Fintech news covering the emerging Financial Technology services sector

Fintech

UPWK

Upwork Rises Higher Than Market: Key Facts

<p><strong>Westinghouse Air Brake Technologies</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.</p>
<p>This quarterly report represents an earnings surprise of 26.85%. A quarter ago, it was expected that this maker of parts for locomotives, subways and buses would post earnings of $1.57 per share when it actually produced earnings of $1.54, delivering a surprise of -1.91%.</p>
<p>Over the last four quarters, the company has surpassed consensus EPS estimates three times.</p>
<p>Wabtec, which belongs to the Zacks Transportation - Equipment and Leasing industry, posted revenues of $2.5 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 6.24%. This compares to year-ago revenues of $2.19 billion. The company has topped consensus revenue estimates four times over the last four quarters.</p>
<p>The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.</p>
<p>Wabtec shares have added about 17% since the beginning of the year versus the S&amp;P 500&#39;s gain of 6.3%.</p>
<p><strong>What&#39;s Next for Wabtec?</strong></p>
<p>While Wabtec has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?</p>
<p>There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.</p>
<p>Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.</p>
<p>Ahead of this earnings release, the estimate revisions trend for Wabtec: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.</p>
<p>It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.67 on $2.55 billion in revenues for the coming quarter and $6.73 on $10.14 billion in revenues for the current fiscal year.</p>
<p>Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Equipment and Leasing is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.</p>
<p>One other stock from the same industry, <strong>Air Lease</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>), is yet to report results for the quarter ended March 2024. The results are expected to be released on May 6.</p>
<p>This company that leases planes to airlines is expected to post quarterly earnings of $1.48 per share in its upcoming report, which represents a year-over-year change of +39.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.</p>
<p>Air Lease&#39;s revenues are expected to be $680.92 million, up 7% from the year-ago quarter.</p>
<p><a href="https://www.zacks.com/stock/news/2260827/westinghouse-air-brake-technologies-wab-beats-q1-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2260827">To read this article on Zacks.com click here.</a></p>


Westinghouse Air Brake Technologies Beats Q1 Earnings and Revenue Estimates

Ford Expects EV Costs To Improve Going Forward, But Be Offset By Top-Line Pressures; Model E Revenue Was Down, As Wholesales Declined And Significant Industrywide Pricing Pressure