Streetbeat News

Earnings

ASO

CASY

ORCL

PERI

Investor optimism has improved, with the S&P 500 closing at a record high. Diamond Offshore Drilling shares surged 11% after announcing an acquisition by Noble Corporation, while Perion Network shares fell 30% due to a revenue outlook cut. Investors are awaiting the Federal Reserve's interest-rate decision and consumer price index.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 1:03 pm

MAN

Analysts have provided mixed ratings for ManpowerGroup (NYSE:MAN) over the past three months, with a recent trend towards somewhat bullish sentiment. The average 12-month price target has increased to $85.0, reflecting a 4.51% rise from the previous target. Despite this, the company faces challenges with declining revenue, low net margins, and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 1:01 pm

IOT

Over the past three months, five analysts have shared their ratings on Samsara (NYSE:IOT), with opinions ranging from bullish to bearish. The average 12-month price target has decreased from $42.25 to $41.00. Analysts have maintained, lowered, or announced new ratings, reflecting their reactions to recent developments. Samsara's financial metrics show challenges in profitability and returns, despite notable revenue growth.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 1:00 pm

ORCL

Oracle Corporation (NYSE:ORCL) is set to release its Q4 earnings, with analysts expecting a slight decrease in EPS compared to last year. The company has missed revenue expectations for three consecutive quarters. Oracle recently announced plans to open two new Oracle Cloud Regions in Morocco. The article also discusses how investors can earn $500 monthly from Oracle's dividends, which currently yield 1.29%. Oracle's stock fell 1.1% to $124.50 on Monday.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:48 pm

APLT

INSM

LLY

TMDX

As of June 11, 2024, four health care stocks—Applied Therapeutics Inc (APLT), Eli Lilly And Co (LLY), Insmed Inc (INSM), and TransMedics Group Inc (TMDX)—are considered overbought based on their RSI values. These stocks have shown significant recent gains, which may be a warning sign for momentum-focused investors.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:44 pm

OXM

Top Wall Street forecasters have updated their expectations for Oxford Industries (NYSE:OXM) ahead of its Q1 fiscal 2024 earnings release. Analysts predict earnings of $2.69 per share, down from $3.78 a year ago, and revenue of $405.61 million. The company previously reported weak Q4 results and issued soft Q1 guidance. Recent analyst ratings include a Market Perform from Telsey Advisory Group, a downgrade to Sell from Citigroup, and Neutral ratings from UBS and BTIG.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:43 pm

CVGW

KITT

PIXY

Calavo Growers, Inc. (NASDAQ:CVGW) shares surged 11.6% in pre-market trading after reporting strong Q2 financial results with a 16.5% increase in net sales and a significant rise in adjusted net income. Other notable pre-market movers include ShiftPixy, Inc. (NASDAQ:PIXY), Nauticus Robotics, Inc. (NASDAQ:KITT), and Target Hospitality Corp. (NASDAQ:TH), among others.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 12:39 pm

AMD

NVDA

SPRX

Nvidia's recent 10-for-1 stock split has made its shares more accessible to retail investors, potentially driving further growth. Nvidia's strong financial performance and bullish technical outlook are highlighted. The Spear Alpha ETF (SPRX), which has Nvidia as its top holding, could benefit from this development. Other significant holdings in SPRX include Zscaler and Advanced Micro Devices.

Portfolio Pulse from Joshenomoto@benzinga.com

June 11, 2024 | 12:32 pm

ASO

Academy Sports and Outdoors has raised its FY24 EPS guidance from $5.90 - $6.90 to $6.05 - $7.05, compared to the $6.82 estimate.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:32 pm

MPAA

Motorcar Parts of America expects net sales for FY25 to be between $746M-$766M, slightly below the $766.3M estimate. The company projects operating income to be between $62M-$67M, excluding certain non-cash impacts.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:31 pm