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Tesla NASDAQ: TSLA shares are up more than 10% following the Q1 earnings release, and they may move higher, but investors should not expect a sustained rally; they should only expect volatility. The news driving the market is good but so futuristic that it will not impact operations positively for at least twelve months.
atai Life Sciences (NASDAQ:ATAI, ETR:9VC) announced that Beckley Psytech has dosed the first patient in the second part of its Phase 2a study of its novel intranasal 5-MeO-MDT drug candidate BPL-003 in treatment-resistant depression. Initial results from the first part of the study unveiled in March showed that a single dose of BPL-003 was safe and well-tolerated and had a “rapid and durable” antidepressant effect which lasted up to 12 weeks.
Shares of Boeing Co. got a nice boost Wednesday, after the aerospace giant reported a narrower-than-expected first-quarter loss and revenue that beat forecasts, as strength in the defense business offset continued sharp weakness in commercial airplanes.
BABA, TCPC and DHC have been added to the Zacks Rank #5 (Strong Sell) List on April 24, 2024.
Burnswick (BC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Entergy (ETR) came out with quarterly earnings of $1.08 per share, missing the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.14 per share a year ago.
Humana (HUM) came out with quarterly earnings of $7.23 per share, beating the Zacks Consensus Estimate of $6.02 per share. This compares to earnings of $9.38 per share a year ago.
Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good.
CenterPoint Energy's (CNP) Q1 results are likely to reflect mixed weather pattern impacts, along with the benefits from favorable rate hikes.
Prosperity Bancshares (PB) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.37 per share a year ago.