Streetbeat News

Earnings

GDS

GDS Holdings Ltd (NASDAQ:GDS) shares surged after reporting Q2 FY24 results. Despite missing revenue expectations, the company showed growth in data center operations and improved financial metrics. GDS reaffirmed its 2024 guidance, contributing to a 37% stock gain over five days.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 2:31 pm

BTCUSD

ETHUSD

JD

TSLA

Bitcoin and Ethereum fell by 2% despite ETF flows, while other cryptocurrencies like Floki and Dogwifhat outperformed. Grayscale appointed Peter Mintzberg as CEO, and Mt. Gox transferred $709M in Bitcoin. In the tech sector, JD.com shares dropped over 7% after Walmart sold its stake. Tesla recalled over 9,000 Model X SUVs due to potential issues with roof trim pieces.

Portfolio Pulse from Akanksha Bakshi

August 21, 2024 | 2:30 pm

EYEN

MYNA

REVB

SDIG

SMFL

STEC

TGT

U.S. stocks rose with the Dow Jones, NASDAQ, and S&P 500 all gaining. Target Corporation reported strong earnings, boosting its stock. Revelation Biosciences, Smart for Life, and Stronghold Digital Mining saw significant stock price increases, while Eyenovia, Mynaric, and Santech Holdings experienced declines.

Portfolio Pulse from Avi Kapoor

August 21, 2024 | 2:29 pm

DHI

LEN

PHM

TOL

Toll Brothers reported better-than-expected Q3 financial results and issued guidance above estimates, causing shares of homebuilders to trade higher.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:22 pm

ZTO

ZTO Express shares are experiencing an increase in trading value following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:10 pm

JD

TGT

WMT

Walmart shares are trading higher following Target's strong Q2 results, which exceeded expectations and led to an increased profit outlook. Walmart is also divesting its stake in JD.com to focus on its operations in China, aiming to raise $3.74 billion.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 2:08 pm

TOL

Toll Brothers shares rose following the release of strong Q3 financial results and an optimistic FY24 EPS guidance that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:04 pm

YMM

Full Truck Alliance Co Ltd (NYSE:YMM) reported a 34.1% increase in Q2 sales, surpassing expectations. The company saw significant growth in freight matching services and improved monetization. Despite increased expenses, adjusted operating income rose by 55.1%. The company remains optimistic about future growth.

Portfolio Pulse from Akanksha Bakshi

August 21, 2024 | 1:57 pm

TGT

TJX

WMT

Target and TJX Companies saw their stock prices rise due to strong financial results. Walmart plans to sell its stake in JD.com. The Federal Reserve's minutes are set to be released at 1:00 p.m. ET.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:50 pm

F

Ford is shifting its strategy for future three-row SUVs from all-electric to hybrid technologies, resulting in a $400 million non-cash charge and potential additional expenses of up to $1.5 billion. These will be reported as special items in the relevant quarters.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:38 pm