Streetbeat News

Earnings

DEC

Diversified Energy shares are trading lower following the release of their H1 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:44 pm

ASTS

BABA

CING

GAMB

LLAP

SIGA

TSBX

U.S. stocks traded higher with the S&P 500 gaining 1.5%. Alibaba reported weak revenue, missing analyst estimates. Cingulate, AST SpaceMobile, and Gambling.com saw significant stock price increases, while Turnstone Biologics, SIGA Technologies, and Terran Orbital experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 6:23 pm

FICO

Financial giants have shown a bullish trend in Fair Isaac (NYSE:FICO) options, with 10 unusual trades identified. The trades include 4 puts valued at $191,497 and 6 calls valued at $302,877. Analysts have mixed ratings on FICO, with target prices ranging from $1500 to $2100. The stock is currently trading at $1809.75 with a neutral RSI, and the next earnings report is due in 83 days.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 6:16 pm

VDC

WMT

XLP

Walmart Inc (NYSE:WMT) shares are trading higher after announcing strong Q2 2025 results and raising full-year guidance. Despite concerns about consumer spending, JP Morgan analyst Christopher Horvers maintains an Overweight rating on WMT, anticipating a positive stock price reaction. Investors can also gain exposure via Vanguard Consumer Staples ETF (NYSE:VDC) and SPDR Select Sector Fund – Consumer Staples (NYSE:XLP).

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 6:14 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) reported its fiscal first-quarter 2024 earnings, showing mixed results. Revenue increased by 4% year-over-year to $33.47 billion, missing analysts' expectations of $34.81 billion. However, adjusted earnings per ADS beat estimates, coming in at $2.26 versus the expected $2.13. Various business segments showed mixed performance, with international commerce and cloud services showing significant growth. Alibaba's shares rose by 0.38% to $79.17 following the report.

Portfolio Pulse from Vaishali Prayag

August 15, 2024 | 6:10 pm

THQQF

Embracer Group AB (OTC:THQQF) reported a 24% decline in net sales for Q1 2024, amounting to $754 million. The company experienced a significant drop in PC and console gaming revenue, while tabletop games remained the largest revenue generator. Embracer plans to split into three publicly listed entities, with Asmodee expected to be listed on Nasdaq Stockholm by the end of the year.

Portfolio Pulse from Franca Quarneti

August 15, 2024 | 6:01 pm

CSCO

Cisco Systems, Inc. (NASDAQ:CSCO) reported strong fourth-quarter earnings, exceeding analyst expectations for both revenue and EPS. Analysts have mixed ratings on the stock, with some seeing it as a safe investment amid recession concerns, while others highlight its growth potential in AI, Cloud, and Security. The stock price has risen by 7.20% following the earnings report.

Portfolio Pulse from Anusuya Lahiri

August 15, 2024 | 5:55 pm

PYCR

Paycor HCM shares are trading higher after the company reported better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:37 pm

AAL

ETSY

JETS

LUV

MTCH

SBUX

Elliott Management has increased its stakes in Match Group, Etsy, and Southwest Airlines, while also holding puts on U.S. Global Jets ETF and American Airlines. The activist fund is pushing for changes in these companies to improve performance.

Portfolio Pulse from Chris Katje

August 15, 2024 | 5:24 pm

BOOT

CAL

CHWY

ODP

SBH

WMT

Shares of retail companies are trading higher following a rise in retail sales data and Walmart's better-than-expected Q2 financial results and increased FY25 adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:23 pm