Lekha Gupta

Zinger Key Points PPL beats revenue and EPS consensus, sees growth in electricity sales. PPL reiterates infrastructure investment plans, reaffirms EPS and dividend growth targets.

Macerich Co (NYSE: MAC) downgraded & reduced price target by Piper Sandler. Reported Q1 sales of $208.783M & FFO of $0.33. New CEO appointed & withdrew FY24 guidance. Analyst skeptical of turnaround strategy, lowers FFO estimates for FY24 & FY25.

Zinger Key Points Stanley Black & Decker reported a 2% Y/Y sales decrease to $3.870 billion, attributed to lower infrastructure volume.

Zinger Key Points Ingalls Shipbuilding reports Q1 revenue increase of 4.9% Y/Y to $2.81 billion.

Zinger Key Points ConocoPhillips reported revenue of $14.476 billion, falling short of the consensus estimate of $15.047 billion.

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don't even have a winning percentage of 27% buying options.

Zinger Key Points CNH Industrial's revenue dropped by 10% Y/Y to $4.82 billion, beating the consensus estimate.

Zinger Key Points Organon reported a 5% Y/Y increase in Q1 revenue, reaching $1.622B, surpassing the consensus. Organon reaffirmed FY24 guidance.

Zinger Key Points Analysts raised price targets on CVNA stock, with Wedbush and JP Morgan increasing targets significantly.

The Exxon-Seplat asset sale in Nigeria could be approved within two weeks, ending a two-year delay since the $1.28 billion deal was signed. This will inject capital into Nigeria's oil industry and boost oil output.