Streetbeat News

Earnings

LULU

WMT

Lululemon Athletica Inc. (NASDAQ:LULU) shares are moving higher on Thursday following Walmart's (NYSE:WMT) strong Q2 earnings report. Walmart reported EPS of 67 cents, beating estimates, and revenue of $169.33 billion. Lululemon is expected to report earnings on Aug. 29, with analysts estimating EPS of $2.95 and revenue of $2.41 billion. Lululemon shares are trading at about $257.07, below its 50-day moving average of $283.80.

Portfolio Pulse from Dylan Berman

August 15, 2024 | 3:30 pm

ASTS

AST SpaceMobile Inc (NASDAQ:ASTS) shares surged on Thursday following the company's second-quarter financial results. Despite reporting a larger-than-expected loss of 51 cents per share, the company is on track to launch five satellites in early September. Analysts from B. Riley Securities and UBS maintained Buy ratings and raised their price targets.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 3:14 pm

COST

WMT

Costco Wholesale Corporation (NASDAQ:COST) shares are moving higher on Thursday following strong fiscal earnings from Walmart (NYSE:WMT). Walmart reported better-than-expected earnings and revenue for the second quarter of the 2024 fiscal year. Costco's stock is trading above its 50-day moving average and has seen multiple analyst price target adjustments recently.

Portfolio Pulse from Dylan Berman

August 15, 2024 | 3:11 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for August 15th, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo highlights potential bullish and bearish scenarios for each asset, emphasizing the importance of monitoring these levels closely. The trading session is expected to be volatile due to the release of significant economic data and remarks from Federal Reserve members.

Portfolio Pulse from RIPS

August 15, 2024 | 3:07 pm

NCMI

Over the past three months, four analysts have evaluated National CineMedia (NASDAQ:NCMI), with ratings ranging from bullish to somewhat bullish. The average 12-month price target has increased to $6.88, reflecting a 14.67% rise from the previous target. National CineMedia has shown significant revenue growth but faces challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 3:01 pm

JNJ

The article provides a comparative analysis of Johnson & Johnson (NYSE: JNJ) against its major competitors in the Pharmaceuticals industry. Key financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth are evaluated. JNJ shows potential undervaluation based on P/E, P/B, and P/S ratios but underperforms in ROE, EBITDA, gross profit, and revenue growth compared to industry averages.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 3:00 pm

LRCX

The article provides a comprehensive analysis of Lam Research (NASDAQ:LRCX) in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics, market position, and growth prospects are evaluated, highlighting Lam Research's strong financial performance, profitability, and growth potential.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 3:00 pm

ON

The article provides a comprehensive comparison of ON Semiconductor (NASDAQ:ON) with its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics indicate that ON Semiconductor is potentially undervalued but faces challenges in profitability and revenue growth.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 3:00 pm

ROMJF

Rubicon Organics Inc. (OTC:ROMJF) reported a 7% increase in net revenue for Q2 2024, reaching CA$12.1 million. However, gross profit decreased by 12% to CA$4.05 million due to a shift in consumer preferences towards larger format purchases. The company also reported a decline in adjusted EBITDA and gross profit before fair value adjustments. Despite these challenges, Rubicon generated positive operating and free cash flow and continues to invest in growth initiatives.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2024 | 2:57 pm

ACRHF

CGC

Acreage Holdings reported a 33% year-over-year revenue decline for Q2 2024, citing liquidity constraints. Despite a net loss of $24.1 million, the company is focusing on strategic growth in Ohio and other key states. Acreage is also advancing its acquisition by Canopy USA, expected to close in the first half of 2025.

Portfolio Pulse from Patricio Liddle

August 15, 2024 | 2:52 pm