Streetbeat News

Earnings

AIQ

NOK

SMH

TSLA

TSM

Tesla's stock is in a downtrend due to rising interest rates, despite the company's strong product lineup and competitive pricing. Taiwan Semiconductor's profits fell by 25%, but the company predicts a drop in industry inventory levels, indicating a potential buying opportunity in semiconductors. Two ETFs, Global X Artificial Intelligence & Technology ETF and VanEck Semiconductor ETF, are of special interest. The market is awaiting Fed Chair Powell's speech for clues on monetary policy. Jobless claims are lower than expected, indicating a strong job market. Nokia is laying off 14,000 employees. Money flows are positive in Amazon, Alphabet, Meta Platforms, Microsoft, and NVIDIA, neutral in Apple, and negative in Tesla.

Portfolio Pulse from The Arora Report

October 19, 2023 | 3:29 pm

AMD

DELL

HPQ

TSM

Advanced Micro Devices (AMD) stock is trading higher after Taiwan Semiconductor Manufacturing Company (TSMC) reported upbeat quarterly earnings and outlook. TSMC, a crucial supplier for AMD, reported a revenue decline of 14.6% YoY to $17.28 billion, beating the consensus of $17.07 billion. AMD also launched its flagship laptop graphics processor, AMD Radeon RX 7900M, and showcased AMD Ryzen Threadripper PRO 7000 WX-Series processors. The new products will be available later this year to partners including Dell, HP, and Lenovo.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 3:22 pm

LNN

Lindsay Corp's shares are up by over 23% following its Q4 FY23 results. The company reported revenue of $167.1 million, surpassing the consensus of $157.8 million, despite a 12% Y/Y decline due to the absence of the prior year's Road Zipper System projects. Operating income fell 16% Y/Y to $23.4 million, and EPS of $1.74 topped the street view of $1.11. The company expects a positive impact of increased U.S. infrastructure spending on its business in fiscal 2024.

Portfolio Pulse from Lekha Gupta

October 19, 2023 | 3:15 pm

CVBF

FIBK

CVB Financial (NASDAQ:CVBF) has announced a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 4.76%. The company has shown a steady increase in dividend per share from $0.72 in 2019 to $0.77 in 2022, and an upward trend in earnings per share from $1.43 to $1.54 over the same period. First Interstate BancSys (NASDAQ:FIBK) leads the industry with the highest annualized dividend yield at 7.96%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

KRO

TSE

Trinseo (NYSE:TSE) has announced a dividend payout of $0.01 per share, demonstrating an annualized dividend yield of 0.45%. The company's dividend per share and earnings per share have been declining from 2019 to 2022, which could indicate a challenging financial situation. Trinseo's dividend yield is mid-range compared to its industry peers, with Kronos Worldwide (NYSE:KRO) having the highest annualized dividend yield at 10.64%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

TSX:AGF

AGF Management (TSX:AGF) has announced a dividend payout of $0.11 per share, resulting in an annualized dividend yield of 6.03%. The company has shown a steady increase in its dividend per share from $0.32 to $0.40 between 2020 and 2022, and its earnings per share have also risen from $0.63 to $0.83 in the same period. This reflects a strong financial position and the company's commitment to consistently distribute profits to its investors.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

FISI

FLIC

First of Long Island (NASDAQ:FLIC) is distributing a dividend of $0.21 per share, leading to an annualized dividend yield of 7.30%. The company's dividend per share and earnings per share have shown a positive trend from 2019 to 2022, indicating a healthy financial status. The company's dividend yield is in the middle when compared to its industry peers, with Financial Institutions (NASDAQ:FISI) having the highest annualized dividend yield at 7.38%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

IMKTA

VLGEA

Ingles Markets (NASDAQ:IMKTA) will distribute a dividend payout of $0.17 per share, translating to an annualized dividend yield of 0.88%. The company has maintained a steady dividend per share of $0.66 from 2019 to 2022, indicating its commitment to providing stability to shareholders. The earnings per share have increased from $4.03 in 2019 to $14.35 in 2022, suggesting potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:05 pm

WABC

Westamerica Bancorp (NASDAQ:WABC) reported Q3 earnings of $1.56 per share, beating the analyst consensus estimate of $1.44 by 8.33%. This is a 20.93% increase from the same period last year. The company also reported quarterly sales of $83.37 million, beating the analyst consensus estimate of $79.57 million by 4.78%. This is a 14.84% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 3:02 pm

WRLD

World Acceptance (NASDAQ:WRLD) is set to release its quarterly earnings report on October 20, 2023. Analysts estimate an earnings per share (EPS) of $1.71. The company's past performance shows a pattern of beating EPS estimates. The stock was trading at $120.45 as of October 18, with a 52-week return of 15.86%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:00 pm