Streetbeat News

Earnings

ASNS

MITQ

SGRP

SILO

VLCN

WKME

U.S. stocks traded higher with the Nasdaq Composite surging over 1% on Wednesday. The ISM services PMI climbed to 53.8 in May, the highest level in nine months. Actelis Networks, Inc. (ASNS) shares shot up 655% after announcing orders for cyber-hardened networking technology. Moving iMage Technologies, Inc. (MITQ) surged 64% after being awarded a multi-million dollar contract. WalkMe Ltd. (WKME) gained 42% after announcing it will be acquired by SAP. Silo Pharma, Inc. (SILO) dropped 31% following a $2 million registered direct offering. Volcon, Inc. (VLCN) fell 19% after announcing a 1-for-100 reverse stock split. SPAR Group, Inc. (SGRP) declined 22% after entering a letter of intent to go private.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 4:00 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) reported better-than-expected fiscal first-quarter results, leading to a 7.5% rise in its stock price. Analysts provided mixed price target adjustments but maintained positive ratings, highlighting strong revenue growth, platform adoption, and promising new products.

Portfolio Pulse from Priya Nigam

June 05, 2024 | 3:57 pm

AAPL

ADP

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TLT

TSLA

USO

The article discusses the current market dynamics where investors are buying stocks on lower yields due to softer economic data. It highlights the performance of various assets including bonds, stocks, and commodities, and provides insights into the behavior of the 'momo crowd' and 'smart money'. Key economic reports and upcoming events are also mentioned.

Portfolio Pulse from The Arora Report

June 05, 2024 | 3:54 pm

LULU

Lululemon Athletica Inc. (NASDAQ:LULU) is set to release its first-quarter financial results, with analysts expecting earnings of $2.39 per share and revenue of $2.20 billion. The company recently announced an updated operational structure following the resignation of its chief product officer. Several analysts have revised their price targets for Lululemon, maintaining various ratings.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 3:06 pm

CPB

Campbell Soup Company (NYSE:CPB) reported a 6% YoY net sales growth for Q3 fiscal 2024, beating expectations. The Meals & Beverages segment saw a 15% increase, while Snacks declined by 2%. Adjusted EPS was $0.75, surpassing the consensus of $0.70. The company updated its fiscal 2024 guidance, expecting adjusted EPS of $3.07-$3.10 and sales growth of 3%-4%. CPB shares are trading lower by 1.63%.

Portfolio Pulse from Akanksha Bakshi

June 05, 2024 | 3:03 pm

AXSM

15 analysts have recently evaluated Axsome Therapeutics (NASDAQ:AXSM), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased by 7.07% to $137.8. Analysts have adjusted their ratings and price targets, reflecting their responses to recent developments. Despite positive analyst sentiment, Axsome faces financial challenges, including a decline in revenue, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:01 pm

CSCO

Analysts have provided diverse evaluations of Cisco Systems (NASDAQ:CSCO) over the past three months, with a mix of bullish, somewhat bullish, and indifferent ratings. The average 12-month price target has increased to $53.75. Key financial metrics show a decline in revenue growth but strong net margins and effective debt management.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:01 pm

FI

FIS

MA

PYPL

V

The article provides a comparative analysis of Fiserv (NYSE:FI) against its major competitors in the Financial Services industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are evaluated. Fiserv shows potential undervaluation based on P/E and P/B ratios but may be overvalued based on P/S ratio. The company has strong EBITDA and gross profit but lower ROE and revenue growth compared to industry averages.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

CPAY

Analysts have provided mixed ratings for Corpay (NYSE:CPAY) over the past three months, with a range of bullish to bearish sentiments. The average 12-month price target is $338.6, with a high of $376.00 and a low of $285.00. Corpay has shown solid revenue growth and strong financial performance, but its high debt-to-equity ratio raises concerns.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

COST

The article provides an in-depth analysis of Costco Wholesale (NASDAQ:COST) compared to its competitors in the Consumer Staples Distribution & Retail industry. It highlights key financial metrics, market position, and growth prospects, indicating that Costco is trading at a premium but faces challenges in profitability and revenue growth.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm