Streetbeat News

Earnings

LI

A significant investor has taken a bearish stance on Li Auto (NASDAQ:LI), with 69% of recent trades being bearish and 30% bullish. The trades include 6 puts totaling $217,060 and 7 calls totaling $637,608. The targeted price range for Li Auto over the last 3 months has been $25.0 to $47.0. The current price of LI is down -0.66% at $35.52, and RSI indicators suggest the stock may be approaching overbought. The next earnings are expected in 39 days.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 4:01 pm

APO

A whale investor has taken a bearish stance on Apollo Global Management (NYSE:APO), with 83% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $67.5 to $82.5 for Apollo Global Management over the last 3 months. The price of APO is currently down -2.8% at $73.9, and RSI indicators suggest that the stock may be approaching overbought. The next earnings are expected to be released in 28 days.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:47 pm

PKE

Park Aerospace Corp. (NYSE:PKE) reported a 21.7% YoY increase in Q1 FY24 sales to $15.55 million. EPS remained flat at $0.09, while adjusted EPS was $0.12. Adjusted EBITDA was $3.31 million, up from $2.80 million a year ago. Gross margin contracted by 90 bps to 31.1%, while gross profit increased by 18.1%. Earnings from operations fell 9.8% YoY to $2.22 million. The company recorded $570,000 of pre-tax activist shareholder defense costs and $65,000 of pre-tax losses on sales of investments to fund a special dividend. PKE shares are trading higher by 0.71% to $14.15.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 2:56 pm

CNX

IMPP

PRT

REPX

TTE

The article identifies five value stocks in the energy sector: Riley Exploration Permian (REPX), CNX Resources (CNX), TotalEnergies (TTE), Imperial Ptrl (IMPP), and PermRock Royalty Trust (PRT). The companies have seen changes in their earnings per share and dividend yields. The risk of investing in a value stock is that the emergence from its undervalued position may never materialize.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:48 pm

ZS

A 'golden cross' has formed on the chart of Zscaler (NASDAQ:ZS), which could be bullish for the stock. This occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential upward trend. Zscaler is currently trading around $139.78. The company has consistently exceeded earnings and revenue estimates in recent quarters.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:47 pm

BAC

Bank of America Corp (BAC) shares are trading lower due to overall market selling pressure. The bank announced plans to increase its dividend by 9%, pending board approval. The labor market remains tight, increasing the likelihood of more interest rate hikes from the Fed this year. BofA is set to report its Q2 financial results on July 18.

Portfolio Pulse from Adam Eckert

July 06, 2023 | 2:39 pm

ICE

Intercontinental Exchange Inc (ICE) reported strong growth in Q2 2023 and June average daily volumes (ADV), with a 4% Y/Y increase in ADV. The company saw a 5% increase in ADV in June, supported by growth across the business. In Q1, ICE reported adjusted EPS of $1.41, beating the consensus of $1.40, and revenue of $1.896 billion, slightly missing the street estimate of $1.900 billion. ICE shares are currently trading lower by 0.40% at $111.90.

Portfolio Pulse from Lekha Gupta

July 06, 2023 | 2:32 pm

IPA

ImmunoPrecise Antibodies (NASDAQ:IPA) is set to release its latest quarterly earnings report on July 7, 2023. Analysts estimate an EPS of $-0.13. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $3.03, down 27.72% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:00 pm

AZZ

AZZ Inc. (NYSE:AZZ) is set to release its latest quarterly earnings report on July 7, 2023. Analysts estimate an earnings per share (EPS) of $1.16. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $41.94, with a 52-week return of 0.23%.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:00 pm

TRIB

Trinity Biotech (NASDAQ:TRIB) reported Q1 losses of $(0.15) per share, a 69.6% improvement from $(0.50) per share YoY. However, sales decreased by 5.40% to $14.83 million from $15.68 million YoY.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 1:49 pm