Streetbeat News

Earnings

AMZN

Amazon's stock price has surged by 51% in the first half of 2023, driven by its dominance in the marketplace. The upcoming Amazon Prime Day, which generated $12 billion in global sales in 2022, is expected to further boost the company's profits and potentially its stock price. However, investors are cautioned about a potential resistance at the weekly 200 simple moving average (SMA) of $132.95, which could impact the stock's upward trajectory.

Portfolio Pulse from Zaheer Anwari

July 05, 2023 | 3:06 pm

ALLR

DWAC

NKLA

NVTS

PEGA

RIG

TMC

TRIN

TTI

WOLF

XPEV

Several US stocks recorded gains in Wednesday's trading session. Allarity Therapeutics' shares surged after positive initial data from a Phase 2 trial. TMC the metals company regained compliance with Nasdaq's minimum bid requirement. Pegasystems rose following an upgrade from Wedbush. Wolfspeed announced a 10-year silicon carbide wafer supply deal with Renesas Electronics. Digital World Acquisition reached a settlement with the SEC. Xpeng expects sharp growth in deliveries in H2. Trinity Capital received a Buy rating from Jefferies. Navitas confirmed continued supply of leading-edge gallium nitride power ICs. TETRA Technologies raised Q2 expectations due to strong operational performance. Transocean was upgraded by Citigroup and announced that $172 million in options have been exercised for the Transocean Encourage in Norway. Nikola plans to liquidate the assets of Romeo Power.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 2:47 pm

BEPC

CWEN

ENIC

GNE

PAM

Benzinga Insights has identified five value stocks in the utilities sector that may be worth watching: Brookfield Renewable (BEPC), Clearway Energy (CWEN), Enel Chile (ENIC), Genie Energy (GNE), and Pampa Energia (PAM). The selection is based on the price-to-earnings (P/E) multiple, a common indicator of undervalued stocks. The report also includes recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:42 pm

Toyota Motor North America (TMNA) reported U.S. sales in June 2023 of 195,448 vehicles, up 14.9% YoY. Electrified vehicles made up 26.4% of total monthly sales. For the first half of 2023, TMNA reported U.S. sales of 1,038,520 vehicles, down 0.7% YoY. Electrified vehicle sales totaled 270,476, representing 26.0% of total year-to-date sales. Toyota and Lexus are expanding their electrified powertrain options, with 24 electrified vehicle options available at dealerships.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 2:33 pm

IMRN

Immuron reported a 136% increase in its FY23 sales, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 2:25 pm

ABL

AMRX

AXTI

BTAI

CCCC

GAME

US stocks traded lower with the Dow Jones dropping over 150 points. US factory orders rose 0.3% month-over-month for May, below market expectations of 0.8% growth. Shares of C4 Therapeutics, GameSquare Holdings, and BioXcel Therapeutics rose significantly, while Longevity Market Assets, Amneal Pharmaceuticals, and AXT, Inc. saw a drop in their share prices.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 2:22 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) reported Q2 retail sales of 45 battery-electric trucks, up from 31 in Q1, and reiterated its focus on the North American market. The company also doubled its retail truck deliveries to 66 units in Q2. Nikola is working on reducing costs and producing high-quality Class 8 zero-emission trucks. The company's year-to-date production totals 96 units. NKLA shares are trading higher by 0.66% to $1.3791.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2023 | 2:05 pm

TRIB

Trinity Biotech (NASDAQ:TRIB) is set to release its latest quarterly earnings report on July 6, 2023. Analysts estimate an earnings per share (EPS) of $-0.06. The company's past performance shows a mixed trend in EPS and price change. The stock was trading at $0.975 as of July 4, and over the last 52-week period, shares are down 29.1%.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:01 pm

KRUS

Kura Sushi USA (NASDAQ:KRUS) is set to release its latest quarterly earnings report on July 6, 2023. Analysts estimate an earnings per share (EPS) of $0.13. The company's past performance shows a pattern of share price changes following earnings reports. The stock was trading at $91.35 as of July 4, with a 64.51% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:01 pm

SLP

Simulations Plus (NASDAQ:SLP) is set to release its latest quarterly earnings report on July 6, 2023. Analysts estimate an earnings per share (EPS) of $0.20. The company's past performance shows a pattern of beating EPS estimates, which often leads to a share price increase. However, the stock has been down 20.16% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:00 pm