Streetbeat News

Earnings

AMAT

CING

NDRA

NVOS

SEEL

SHIM

ZCAR

US stocks edged lower with the S&P 500 falling 0.2%. Applied Materials reported better-than-expected Q3 earnings but provided mixed guidance for Q4. Cingulate, Zoomcar Holdings, and Seelos Therapeutics saw significant stock price increases, while Novo Integrated Sciences, Shimmick Corporation, and ENDRA Life Sciences experienced notable declines.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 1:56 pm

TPR

Tapestry (NYSE:TPR) reported better-than-expected Q4 results, with adjusted EPS of 92 cents and sales of $1.59 billion. Despite this, analysts have lowered their price targets. The company expects FY25 revenue of $6.7 billion and EPS between $4.45 and $4.50. Tapestry will maintain its annual dividend rate of $1.40 per share.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 1:38 pm

AMCR

Amcor plc (NYSE:AMCR) reported mixed Q4 results with earnings beating estimates but sales missing expectations. Analysts have raised their price targets following the earnings announcement.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 1:29 pm

ALLY

CORZ

RPRX

SNOW

Jim Cramer recommends buying Ally Financial (ALLY) and considers Core Scientific (CORZ) overvalued. He is cautious on Snowflake (SNOW) and disappointed with Royalty Pharma (RPRX). Recent earnings and analyst actions are influencing these views.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 1:28 pm

CGC

Canopy Growth Corporation (NASDAQ: CGC) announced that CEO David Klein will retire at the end of the fiscal year ending March 31, 2025. The company is initiating a search for a new CEO. Under Klein's leadership, Canopy Growth has seen significant transformation and growth, including a record quarter for Canadian medical marijuana. Despite a decline in consolidated net revenue, the company reported a 67% increase in gross profit. Canopy's shares traded 0.14% lower at $6.97 during the pre-market session on Friday.

Portfolio Pulse from Jelena Martinovic

August 16, 2024 | 1:27 pm

BLK

XLE

On CNBC's 'Halftime Report Final Trades,' analysts discussed Chubb Limited (CB), BlackRock, Inc. (BLK), and The Energy Select Sector SPDR Fund (XLE). Chubb posted strong Q2 earnings, BlackRock received a price target increase from Deutsche Bank, and XLE was recommended by SoFi's Liz Young.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 1:22 pm

Deere & Co (NYSE:DE) reported better-than-expected Q3 results, with net sales and revenue of $13.152 billion and EPS of $6.29, both beating consensus estimates. The company reaffirmed its 2024 net income outlook and announced involuntary employee-separation programs. Analysts from B of A Securities and Citigroup raised their price targets for Deere following the earnings announcement.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 1:13 pm

Estée Lauder Companies Inc. (NYSE:EL) is set to release its Q4 earnings on Aug. 19, with analysts expecting a significant increase in earnings per share and revenue compared to the previous year. The article also discusses the company's dividend yield and how investors can earn monthly income from it. Shares of Estée Lauder recently gained 3.8%, and Telsey Advisory Group has maintained a Market Perform rating with a $115 price target.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 1:05 pm

SVA

SINOVAC reported a decrease in its H1 EPS to $(0.11) from $(0.15) year-over-year, and a decline in sales to $121.3 million from $140.4 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:55 pm

RKLB

ROKT

UFO

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are trading higher in the premarket session following the successful shipment of two Mars-bound spacecraft. The company has seen a 19% gain over the past six months and recently reported record second-quarter revenue. Citigroup analyst Jason Gursky has maintained a Buy rating and raised the price target to $7. Investors can also gain exposure through Procure Space ETF (NASDAQ:UFO) and SPDR S&P Kensho Final Frontiers ETF (NYSE:ROKT).

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 12:48 pm