Streetbeat News

Earnings

FL

HEI

NDSN

ZM

Investor optimism improves as US stocks record weekly gains, despite a drop on Friday due to Republicans withdrawing from debt ceiling negotiations. Foot Locker shares fell 27% after reporting worse-than-expected Q1 results and lowering FY23 guidance. Investors await earnings results from Zoom, HEICO, and Nordson.

Portfolio Pulse from Lisa Levin

May 22, 2023 | 7:40 am

NIU

Niu Technologies reported Q1 losses of $(0.11) per share, an 83.33% decrease YoY, and sales of $60.75, a 100% decrease from $90.78 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 7:23 am

NVDA

Nvidia's stock has gained 114% YTD, making it the best-performing S&P 500 stock. The company has grown from a graphics card designer to a leading technology firm with a diverse product portfolio. Nvidia's GPUs are instrumental in training AI models like ChatGPT, and the rise of AI could represent a market opportunity in the multiple tens of billions of dollars annually for the company.

Portfolio Pulse from Shanthi Rexaline

May 22, 2023 | 5:36 am

FSR

GOEV

TM

TSLA

EV stocks closed the week ended May 19 on a positive note, with Tesla stock rising to a one-month high. Key events include Tesla's annual shareholder meeting, Fisker's announcement of the next phase of production for its Ocean SUVs, Ford's decision to scale back investments in China, and Canoo's narrowed Q1 loss. Toyota remains cautious about EV adoption due to high raw material costs and a muted outlook on charging infrastructure.

Portfolio Pulse from Shanthi Rexaline

May 20, 2023 | 1:51 pm

CCL

NCLH

PLTR

RCL

TSLA

Last week, major indices ended in the green, with the Nasdaq Composite gaining 3.04%. Cathie Wood's Ark Invest purchased additional shares of Palantir Technologies (PLTR) as the stock reached a 1-year high. Cruise stocks, including Carnival Corp. (CCL), Norwegian Cruise Line Holdings (NCLH), and Royal Caribbean Cruises (RCL), are expected to benefit from increased spending in the coming months. Tesla (TSLA) CEO Elon Musk is predicted to remain in his position for at least five more years.

Portfolio Pulse from Michael Cohen

May 20, 2023 | 1:39 pm

HD

NFLX

TGT

WMT

The S&P 500 maintained gains this week despite uncertainty surrounding the US debt ceiling and mixed retail sales data. Republicans abandoned debt ceiling talks, while retail sales in April fell short of expectations. Major retailers reported mixed quarterly earnings, with some beating estimates.

Portfolio Pulse from Natan Ponieman

May 19, 2023 | 8:03 pm

LOW

Lowe's Companies (NYSE:LOW) will host an earnings conference call on May 23, 2023, at 09:00 AM ET to discuss Q1 2023 results. Investors can access the live webcast or dial in to listen to the call.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 8:00 pm

ROLL

RBC Bearings shares are trading lower despite reporting better-than-expected Q4 results.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 7:43 pm

CVNA

Carvana shares are trading lower after a recent run driven by strong earnings and rising used car prices.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 7:41 pm

XEL

Xcel Energy reaffirms its 2023 GAAP and ongoing earnings guidance of $3.30-$3.40 per share. Southwestern Public Service Co revised its request for an electric rate case to New Mexico Public Regulation Commission for a revenue increase to $75M.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 7:37 pm