Streetbeat News

Earnings

KRC

LI

ORLY

RIVN

TSLA

U.S. stocks ended marginally higher on Tuesday with the Dow, NASDAQ, and S&P 500 all seeing slight gains. The top trending stocks were Rivian Automotive, Li Auto, Tesla, O’Reilly Automotive, and Kilroy Realty. Rivian and Tesla reported Q2 production and delivery numbers in line with expectations, while Li Auto led in sales among Chinese EV startups. O’Reilly Automotive saw a rise in short percentage of float, indicating increased bearish sentiment. Kilroy Realty announced the release date for its Q2 2023 financial results.

Portfolio Pulse from Benzinga Newsbot

July 04, 2023 | 12:42 am

BX

A significant investor has taken a bearish stance on Blackstone (NYSE:BX), with 81% of the detected trades being bearish. The trades include 3 puts for a total of $368,064 and 8 calls for a total of $447,948. The targeted price range for Blackstone over the last 3 months is from $85.0 to $125.0. The current price of BX is up 1.93% at $94.76, and the next earnings are expected in 17 days.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:48 pm

V

A whale investor has taken a bullish stance on Visa (NYSE:V), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $210.0 to $250.0 for Visa over the last 3 months. The price of Visa is up 0.21% at $237.97, with RSI indicators hinting that the stock may be approaching overbought. Visa's next earnings are expected to be released in 22 days.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 5:18 pm

SDA

SunCar Technology Group has reported its FY22 results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 4:38 pm

NIO

SDA

SunCar Technology Group Inc's shares fell by 7% following the release of its FY22 results. The company reported a 13% increase in revenue to $282.4 million but an operating loss of $12.6 million due to a one-off bad debt provision of $26 million related to COVID-19. The net loss narrowed to $11.9 million. The company also renewed its insurance intermediation service agreement with NIO Inc.

Portfolio Pulse from Lekha Gupta

July 03, 2023 | 4:37 pm

SDA

SunCar Technology Group Inc. reported its FY22 results, with revenues of $282.4M, up 13% YoY, and EPS of $(0.03) compared to $(0.11) YoY. The revenue increase was attributed to growth in all business units. However, operating costs and expenses also increased by 23% to $295.0M, leading to an operating loss of $12.6M. The net loss was $11.9M, a decrease of 34% from FY21. The company's cash and cash equivalents stood at $47.7M as of December 31, 2022.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 4:30 pm

IBKR

Interactive Brokers Group, Inc. (NASDAQ:IBKR) reported its Electronic Brokerage monthly performance metrics for June 2023. The company reported 1.960 million Daily Average Revenue Trades (DARTs), 3% lower than the prior year but 5% higher than the prior month. Client equity ended at $365.0 billion, 24% higher than the prior year and 6% higher than the prior month. Client margin loan balances ended at $41.9 billion, 2% lower than the prior year but 5% higher than the prior month. The company also reported a loss of $1.6 million for the quarter ended June 30th on its U.S. government securities portfolio.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 4:17 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q2 2023 delivery and production figures, with 466,140 units delivered, up 83.0% YoY, and 479,700 units produced, up 85.5% YoY. The company remains on track to hit an internal goal of 1.8 million vehicles delivered for the full fiscal year. The Model 3 and Model Y represented 86% of all deliveries. Tesla will report Q2 financial results on July 19.

Portfolio Pulse from Chris Katje

July 03, 2023 | 4:14 pm

HTH

PTGX

Protagonist Therapeutics has an option alert for Jul 21 $22.5 calls sweep near the ask. Earnings are expected on 8/3 after close. Hilltop Holdings reported a security incident at PlainsCapital Bank due to a vulnerability in a third-party vendor's application, likely leading to unauthorized data access.

Portfolio Pulse from Charles Gross

July 03, 2023 | 4:14 pm

MU

NVDA

SPY

Micron Technology Inc (NASDAQ:MU) is promising to catch up with AI chip leader NVIDIA Corporation (NASDAQ:NVDA) and other top S&P 500 companies. Despite a 57% YoY revenue drop and a negative gross margin of 17.8%, Micron's shares rose more than 2% after it topped Q3 estimates. The company is planning to introduce its first GDDR7 new-generation memory chips in H1 2024 and several AI-related products. However, Micron's recovery may be slowed by the ongoing U.S.-China technology dispute, which puts up to half of its China revenue at risk.

Portfolio Pulse from Upwallstreet

July 03, 2023 | 2:57 pm