Streetbeat News

Earnings

AAOI

PCVX

PSNY

SHLS

Several stocks saw significant gains on Tuesday despite a general market downturn. Vaxcyte's shares surged 43.5% following positive trial results for its vaccine candidate. Shoals Technologies rose 21.8% after a favorable legal ruling. Polestar Automotive gained 16% with a new CFO appointment. Applied Optoelectronics and Unity Software also saw notable increases due to analyst upgrades.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 2:47 pm

GHRS

GH Research shares declined following the release of Q2 financial results and the appointment of a new CEO.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:28 pm

ATPC

BNRG

BOF

CNFR

DYN

SIFY

U.S. stocks fell with the Dow Jones down over 1% due to the ISM Manufacturing PMI missing estimates. Notable stock movements include Sify Technologies surging 110% and Dyne Therapeutics dropping 34% after clinical trial data release.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 2:19 pm

NVDA

Zscaler, Inc. (NASDAQ:ZS) is set to release its Q4 earnings, with expectations of increased EPS and revenue. Analysts have recently adjusted their ratings and price targets for Zscaler, reflecting positive sentiment. Zscaler's strategic partnership with NVIDIA (NASDAQ:NVDA) aims to enhance AI-driven security solutions.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 2:08 pm

SMCI

Super Micro's CEO reassures customers and partners that the delay in its annual report filing and a short-seller report will not impact its product delivery or IT solution capabilities. The company expects no material changes in Q4 results, emphasizing strong financial performance and ongoing production.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:27 pm

CLSK

CleanSpark Inc. reported mining 478 bitcoins in August 2024, increasing its total bitcoin holdings to 7,558. The company also enhanced its operating hashrate by 1.4 EH/s and plans to add 65 MW of data center capacity in September.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:17 pm

LEN

ORCL

STX

On CNBC's 'Final Trades', Bryn Talkington highlighted Lennar for its free cash flow yield, despite a recent downgrade. Jim Lebenthal praised Oracle as a well-valued tech stock, though it missed earnings estimates. Stephanie Link chose Seagate, which recently beat earnings expectations.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 1:09 pm

STZ

Constellation Brands has updated its FY25 adjusted EPS guidance to $3.05-$7.92, significantly lower than the previous estimate of $13.70. The company expects a decline in reported operating income due to a goodwill impairment loss in its Wine and Spirits segment, but anticipates growth in its Beer segment.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:03 pm

HRL

Hormel Foods Corporation (NYSE:HRL) is set to release its Q3 earnings report, with analysts expecting a decrease in earnings per share compared to last year. The company offers a 3.47% annual dividend yield, which can be leveraged for regular income. Hormel's stock recently gained 1.1%, closing at $32.55.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 1:01 pm

TXG

11 analysts have recently evaluated 10x Genomics (NASDAQ:TXG), showing mixed sentiments. The average 12-month price target has decreased by 32.5% to $27.0. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Despite a strong revenue growth rate of 4.28%, 10x Genomics faces challenges with negative net margin, ROE, and ROA, but maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 1:00 pm