Streetbeat News

Earnings

MEOH

MGNR

Methanex Corporation (NASDAQ:MEOH) is set to acquire OCI Global's international methanol business for $2.05 billion, enhancing its global production by over 20%. The acquisition is expected to be immediately accretive to free cash flow per share and add $275 million to annual Adjusted EBITDA. The deal is anticipated to close in the first half of 2025, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 11:09 am

MOB

Mobilicom reported its H1 earnings with an EPS of $(0.11), which is inline year-over-year. The company's sales increased significantly to $1.80 million from $0.54 million in the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:07 am

AAPL

DELL

NVDA

ORCL

PLTR

QQQ

SPY

U.S. stocks are poised for a rebound, driven by tech stocks and Apple's Glowtime event, despite recent market declines due to weak economic data. Key events include inflation reports and a presidential debate. Notable stock movements include Palantir and Dell's inclusion in the S&P 500, and Boeing's labor agreement.

Portfolio Pulse from Shanthi Rexaline

September 09, 2024 | 11:01 am

DIA

QQQ

SPY

USO

UUP

U.S. markets closed lower due to a disappointing jobs report, leading to uncertainty about the Federal Reserve's interest rate decisions. Major indexes like the S&P 500, Dow, and Nasdaq saw significant weekly declines. Crude oil prices rose due to hurricane risks, while the U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

September 09, 2024 | 10:23 am

PRGS

Progress Software anticipates its Q3 revenue and adjusted EPS to meet or exceed the high end of its previously issued guidance from June 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:10 am

AMZN

AVO

GOOG

GOOGL

MTRX

NVDA

ORCL

The S&P 500 experienced its largest weekly decline since March 2023, driven by a sell-off in megacap tech stocks like Amazon, Alphabet, and NVIDIA. The CNN Money Fear and Greed index shifted to the 'Fear' zone, indicating declining market sentiment. Despite a positive jobs report, most sectors closed negatively, with real estate being an exception.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 8:13 am

AVO

BKSY

HYZN

MTRX

ORCL

U.S. stock futures are trading higher, with Oracle, BlackSky Technology, Mission Produce, Hyzon Motors, and Matrix Service being key stocks to watch. Oracle and Mission Produce are set to report earnings, while BlackSky surged due to a NASA award. Hyzon announced a reverse stock split.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 8:10 am

ASO

Academy Sports and Outdoors, Inc. (NYSE:ASO) is set to release its Q2 earnings on Sept. 10, with expected earnings of $2.03 per share and revenue of $1.57 billion. Analysts have mixed ratings, with some maintaining 'Outperform' and others downgrading their ratings. The company declared a quarterly dividend of 11 cents per share.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 7:41 am

ASTS

EVH

GDS

IOVA

LUMN

PSNY

SMTC

TEM

UPST

YOU

In August, several mid-cap stocks showed significant performance. Polestar Automotive, Upstart Holdings, and Lumen Technologies were among the top performers, with notable stock price increases due to strong quarterly results and strategic developments.

Portfolio Pulse from Lekha Gupta

September 08, 2024 | 6:09 pm

CRL

GFI

INTC

MRNA

NBIX

PDD

SMCI

SNAP

TME

In August, several large-cap stocks experienced significant declines. Super Micro Computer, Dollar General, Snap, PDD Holdings, Intel, Tencent Music, Gold Fields, Charles River Laboratories, Moderna, and Neurocrine Biosciences were among the worst performers due to various factors such as earnings misses, price target cuts, and strategic challenges.

Portfolio Pulse from Lekha Gupta

September 08, 2024 | 5:05 pm