Streetbeat News

Earnings

CRWD

FTNT

INTC

SBUX

SMCI

SPY

In August, the S&P 500 Index saw a recovery, gaining 2.28% by the end of the month. Notable gainers included cybersecurity firms CrowdStrike and Fortinet, while Super Micro Computer and Intel were among the top losers. The SPDR S&P 500 ETF Trust (SPY) also saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 7:55 pm

DJT

Insiders at Trump Media & Technology Group's Truth Social are selling shares, raising concerns about the company's future. The stock, trading under NASDAQ:DJT, has dropped significantly since its initial valuation. Donald Trump, holding a large stake, is unable to sell until September 25 due to a lock-up period. The company's financial struggles and insider sales could lead to further stock instability.

Portfolio Pulse from Bibhu Pattnaik

August 31, 2024 | 7:48 pm

DG

DLTR

TGT

WMT

Dollar General reported disappointing Q2 results, missing revenue and EPS estimates, and lowered its full-year guidance, potentially losing market share to Walmart and Target. Walmart and Target both exceeded expectations and are gaining market share. Dollar Tree's upcoming earnings report will reveal if it faces similar challenges.

Portfolio Pulse from Chris Katje

August 31, 2024 | 2:31 pm

BYDDY

LCID

RIVN

TSLA

XPEV

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm

BRK

DIA

F

GM

NVDA

The US economy showed strong growth in Q2, with a 3% annualized rate, boosting Wall Street indices. The Dow Jones hit record highs, while Nvidia's earnings disappointed. Berkshire Hathaway reached a $1 trillion market cap. EV sales projections were lowered, affecting Ford and GM. Real estate ETFs saw significant inflows due to anticipated Fed rate cuts.

Portfolio Pulse from Piero Cingari

August 30, 2024 | 8:46 pm

GME

GameStop shares rose by 8.88% to $23.42, driven by upcoming Q2 earnings, a strategic shift in liquidity management, and a retail strategy targeting retro gaming. Despite the stock's rise, retail investor interest remains lower than during the 2021 meme stock frenzy.

Portfolio Pulse from Vaishali Prayag

August 30, 2024 | 8:27 pm

STKH

Steakholder Foods (NASDAQ:STKH) reported a significant improvement in its financial performance, with a 72.5% reduction in losses per share compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:17 pm

SMCI

Super Micro Computer has filed a non-timely 10-K with the U.S. SEC but does not expect any material changes to its financial results for the fiscal year and quarter ended June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:11 pm

DDD

3D Systems shares declined following disappointing Q2 results and lower FY24 revenue guidance. Cantor Fitzgerald maintained an Overweight rating but reduced the price target from $5.5 to $3.75.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:56 pm

PSNY

Polestar Automotive Holdings reported a quarter-over-quarter increase in Q2 deliveries, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:54 pm