Streetbeat News

Earnings

FXY

GLD

TLT

XLK

XLU

Disappointing U.S. payroll data for August has led to increased bets on a Federal Reserve rate cut, causing gold and the yen to rally, while Treasury yields fall. ETFs like TLT, FXY, GLD, XLK, and XLU have shown varied reactions in premarket trading.

Portfolio Pulse from Piero Cingari

September 05, 2024 | 1:23 pm

GHRS

GH Research PLC (NASDAQ:GHRS), an Irish biotech firm, reported a decline in cash reserves in Q2 2024 while advancing its psychedelic drug trials. The company is conducting trials for its DMT-related drugs, GH001 and GH002, targeting treatment-resistant depression and other psychiatric disorders.

Portfolio Pulse from Jelena Martinovic

September 05, 2024 | 1:22 pm

FRGT

Freight Technologies, Inc. (NASDAQ:FRGT) reported a 6.6% increase in revenue for the first half of 2024, reaching $8.1 million. The company revised its full-year 2024 revenue forecast to $15M-$20M, driven by strong growth in its Fr8Fleet business and improved gross profits.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:21 pm

AI

C3.ai's stock fell 18.7% after reporting Q1 results that beat revenue and EPS estimates. Despite positive financials, analysts lowered price targets, contributing to the stock's decline.

Portfolio Pulse from Adam Eckert

September 05, 2024 | 1:19 pm

AI

C3 AI shares declined after the company released its Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:13 pm

GASS

StealthGas (NASDAQ:GASS) reported strong Q2 2024 results, with adjusted EPS of $0.75 beating estimates by 41.51% and sales of $41.786M surpassing expectations by 6.60%. This marks a 13.94% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:13 pm

CHPT

ChargePoint's shares have declined following the release of disappointing Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:07 pm

TSLA

Tesla's announcement of a timeline for releasing its full self-driving (FSD) technology in China and Europe by Q1 2025 has been criticized by GLJ Research CEO Gordon Johnson as a 'meaningless announcement' aimed at boosting stock prices. Johnson accuses Tesla of using such announcements to counteract poor earnings results. Despite this, Tesla bull Gary Black believes the timeline aligns with expectations. Tesla's stock has declined 11.7% year-to-date amid challenges like waning demand and increased competition.

Portfolio Pulse from Anan Ashraf

September 05, 2024 | 1:04 pm

NVDA

Nvidia's stock is experiencing a sell-off due to macroeconomic concerns and fears about its ability to maintain strong financial performance. Despite positive earnings and revenue growth, the stock has been affected by global market volatility, recession fears, and a DOJ subpoena rumor. Analysts still recommend buying the stock on weakness.

Portfolio Pulse from Shanthi Rexaline

September 05, 2024 | 1:01 pm

DG

DLTR

WBA

The article highlights three oversold stocks in the consumer staples sector: Walgreens Boots Alliance Inc (WBA), Dollar General Corp (DG), and Dollar Tree Inc (DLTR). These stocks have recently experienced significant price declines and have RSI values indicating they are oversold, potentially presenting buying opportunities.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 12:57 pm