Streetbeat News

Earnings

FL

ULTY

XRT

Foot Locker's Q2 results showed a smaller-than-expected loss and slightly better sales, but shares fell 10.5% due to concerns about H2 challenges. Analyst Matthew R. Boss reiterated an Underweight rating, citing modest sales growth and margin expansion. Investors can access Foot Locker through ETFs like ULTY and XRT.

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 5:13 pm

CHWY

Chewy Inc. (NYSE:CHWY) reported better-than-expected Q2 2024 results, with sales of $2.86 billion and an adjusted EPS of $0.24. The company saw a 13% increase in unique customers using its app and a 15% increase in mobile app orders. JP Morgan is encouraged by the growth in active customers and maintains an Overweight rating on the stock. CHWY stock rose 14.5% following the news.

Portfolio Pulse from Vandana Singh

August 28, 2024 | 5:10 pm

ATPC

AVAV

BOF

FL

NBIX

SMCI

VRAX

U.S. stocks fell with the Nasdaq down over 1%. Foot Locker shares dropped 11% after Q2 results, despite beating EPS and sales estimates. AeroVironment shares rose 12% following analyst upgrades. Virax Biolabs surged 24% on a new distribution agreement. BranchOut Food gained 99% on revenue growth. Agape ATP fell 31% after a reverse stock split. Neurocrine Biosciences dropped 18% despite positive study results. Super Micro Computer fell 25% due to a delayed Form 10-K filing.

Portfolio Pulse from Avi Kapoor

August 28, 2024 | 4:56 pm

S

SentinelOne, Inc. (NYSE:S) reported its fiscal year 2025 Q2 earnings, showing a loss per share in line with expectations and revenue exceeding estimates. The company also provided strong guidance for the next quarter and fiscal year. Analysts have adjusted their price targets, with most maintaining positive ratings. Despite this, the stock is trading 2.40% lower.

Portfolio Pulse from Dylan Berman

August 28, 2024 | 4:56 pm

BRK

NVDA

SMCI

SOXX

US stocks and chipmakers fell on Wednesday as traders were cautious ahead of Nvidia's earnings report. The iShares Semiconductor ETF dropped 2%, and Super Micro Computer plunged 26% due to filing delays and a short-seller report. Berkshire Hathaway reached a $1 trillion valuation.

Portfolio Pulse from Piero Cingari

August 28, 2024 | 4:53 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) shares are falling after the announcement of CEO Brendan Jones' retirement in 2025 and a disappointing earnings report. The company missed Q2 revenue and earnings estimates and lowered its 2024 revenue guidance.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2024 | 4:40 pm

NVDA

SMCI

Major indexes are experiencing a downturn following recent gains, influenced by NVIDIA's weakness ahead of its earnings report and a decline in semiconductor stocks due to SMCI's 10-K delay.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:39 pm

AAPL

AMZN

BTCUSD

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The article discusses the potential impact of Nvidia's upcoming earnings on its stock and the broader market, highlighting the importance of Nvidia's guidance on Blackwell shipments. It also notes the current money flows in major tech stocks and ETFs, and the recent sell-off in Bitcoin due to various factors.

Portfolio Pulse from The Arora Report

August 28, 2024 | 4:35 pm

ELMD

Electromed shares declined following the release of disappointing Q4 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:30 pm

PDD

PDD Holdings shares are experiencing a decline due to ongoing weakness after the company's recent Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:26 pm