Streetbeat News

Earnings

MSGM

SGRP

TME

The article highlights three oversold stocks in the communication services sector: SPAR Group Inc (SGRP), Tencent Music Entertainment Group (TME), and Motorsport Games Inc (MSGM). These stocks have RSI values near or below 30, indicating potential undervaluation. SPAR Group reported strong revenue growth in the U.S. and Canada but saw a 20% stock decline over the past month. Tencent Music missed revenue estimates, leading to a 30% stock drop. Motorsport Games reported better-than-expected results but experienced a 51% stock decline.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 11:36 am

VIK

Viking Holdings shares declined following the release of disappointing Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:35 am

SNOW

Snowflake's shares are experiencing a decline following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:35 am

NEXN

Nexxen International reported Q2 2024 earnings per share of $0.09, meeting analyst expectations, and sales of $88.577 million, surpassing estimates by 4.71%. This marks a 5.14% increase from the previous year's sales.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:34 am

AEG

Aegon's shares are experiencing a decline following the release of their H1 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:31 am

TD

Toronto Dominion Bank shares fell after reporting worse-than-expected Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:26 am

NTES

NetEase shares declined following the release of disappointing Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:25 am

CATO

Cato Corporation reported a decrease in Q2 earnings per share to $0.01 from $0.06 year-over-year, with sales dropping to $168.63 million from $182.87 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:20 am

PTON

Peloton Interactive shares rose after the company reported better-than-expected Q2 financial results, indicating strong performance and potential investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:19 am

WB

Weibo Corp (NASDAQ: WB) reported better-than-expected Q2 earnings with a slight revenue decline. Despite a drop in ad revenue and daily active users, the company saw improved user engagement and operating efficiency. The stock rose 2.28% premarket.

Portfolio Pulse from Anusuya Lahiri

August 22, 2024 | 11:16 am