Streetbeat News

Earnings

MBGYY

Mercedes-Benz Group reported a 123% surge in Q2 EV sales, selling 515,700 vehicles, including 56,300 battery-electric vehicles. The increase was driven by demand for battery electric and top-end vehicles. In the U.S., sales increased by 6% to 88,100 units, with EV sales jumping 697%. However, overall sales outside Europe, Asia, and North America are down 18% due to the company's withdrawal from Russia. Mercedes also announced that North American customers will have access to the Tesla Supercharger network starting in 2024.

Portfolio Pulse from Anan Ashraf

July 12, 2023 | 5:48 am

AAPL

AMZN

CRM

GOOGL

MSFT

NVDA

ORCL

Wedbush Securities predicts the technology sector to surpass expectations in Q2 earnings, driven by the rapid adoption of AI. Microsoft and Nvidia are identified as standout performers in the AI space. Microsoft's multi-billion dollar investment in OpenAI and Nvidia's new AI products are highlighted. Wedbush analysts predict a new tech bull market, with Microsoft poised to increase its share in the cloud market. Other tech companies like Oracle, Salesforce, and Apple are expected to join Microsoft and Nvidia in investing billions in AI over 2023 and 2024.

Portfolio Pulse from Piero Cingari

July 11, 2023 | 9:01 pm

DAKT

Daktronics (NASDAQ:DAKT) is set to release its latest quarterly earnings report on July 12, 2023. Analysts estimate an earnings per share (EPS) of $0.14. The company's stock price has increased by 89.16% over the last 52-week period. Last quarter, Daktronics beat the EPS estimate by $0.15, resulting in a 1.13% increase in the share price the next day.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 9:00 pm

VTLE

Vital Energy has reported that its Q2 production exceeded the high-end of its guidance, and its capital investments were below guidance. The company has also increased its expectations for full-year 2023 production due to strong Q2 performance.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:52 pm

AEL

American Equity Investment Life Holding Company (AEL) has announced its Q2 sales, which total $2B.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:17 pm

ICCC

ImmuCell Corporation's preliminary Q2 sales have been reported at $3.53M, a decrease from $3.86M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:10 pm

TSX:ATZ

Aritzia reported Q1 net revenue of C$462.7M, up 13.4% from the previous year. However, its net income was C$17.5M, down 47.5% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:02 pm

AAPL

DELL

HPQ

LNVGY

The global PC market decline slowed in Q2 2023, with total shipments down 11.5% YoY to 62.1 million units. The market is expected to recover in the second half of 2023. Lenovo led the market but saw an 18% YoY shipment decline. HP had a strong quarter with flat performance. Dell lost over two points of market share with a 22% shipment decline. Apple achieved the highest growth among major vendors with a 51% YoY increase in shipments.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 7:48 pm

ASML

A significant investor has taken a bearish stance on ASML Holding (NASDAQ:ASML), with 66% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $600.0 to $760.0 for ASML Holding over the last 3 months. The price of ASML is currently down -0.85% at $703.77. The next earnings are expected to be released in 8 days.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 7:47 pm