Streetbeat News

Earnings

AAPL

MSFT

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co's (TSMC) C.C. Wei has assumed the roles of Chairman and CEO, marking a significant leadership change. Wei reiterated expectations for AI-driven industry recovery by 2024 and discussed price hikes for AI chip production with Nvidia's CEO. TSMC's stock traded lower on Tuesday despite a recent rise. The company remains committed to Taiwan for its production and is focusing on future investments over share buybacks. Geopolitical tensions and supply challenges in the semiconductor industry are ongoing concerns.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 2:01 pm

BWMX

Betterware de Mexico SAPI (NASDAQ:BWMX) has been analyzed by 5 analysts in the last three months, with all ratings being bullish. The average 12-month price target remains at $22.50. The company has shown strong financial performance with a 10.36% revenue growth rate and an 8.16% net margin.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 2:01 pm

CASY

Analysts have provided mixed ratings for Casey's General Stores (NASDAQ:CASY) in the latest quarter, with a combination of bullish and somewhat bullish perspectives. The average 12-month price target has increased to $336.12, with a high estimate of $375.00 and a low estimate of $305.00. Despite a slight decline in revenue growth, the company shows strong profitability, effective cost control, and robust financial management.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 2:00 pm

CTV

Over the past three months, 5 analysts have shared their evaluations of Innovid (NYSE:CTV), revealing a range of outlooks from bullish to bearish. The average 12-month price target has increased by 14.63% to $2.82. Analysts have maintained or raised their ratings, with the highest price target set at $3.00. Innovid has shown a solid revenue growth rate of 20.51%, but struggles with profitability and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 2:00 pm

AMC

GME

SPY

Keith 'Roaring Kitty' Gill's recent social media activity has led to significant volatility in GameStop (GME) stock, with shares spiking over 64% in early trading. Gill's purported $116 million position in GME and 120,000 call options have fueled speculation about his potential to become a billionaire. AMC Entertainment Holdings (AMC) shares also spiked, possibly in anticipation of similar trading activity. The article also mentions the SPDR S&P 500 Trust (SPY) in the context of market performance comparisons.

Portfolio Pulse from David Pinsen

June 04, 2024 | 1:53 pm

APIE

AVIV

PARA

SONY

Sony Group Corp (NYSE:SONY) stock is trading higher due to the upcoming launch of a PlayStation VR2 PC adapter. Sony reported strong fiscal Q4 2023 results but noted a slowdown in PS5 sales. Paramount Global (NASDAQ:PARA) is considering a merger offer from Skydance. Investors can gain exposure to Sony via ETFs like Avantis International Large Cap Value ETF (NYSE:AVIV) and Trust For Professional Managers ActivePassive International Equity ETF (NYSE:APIE).

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 1:52 pm

FERG

Ferguson Plc (NYSE:FERG) reported a 2.4% year-over-year increase in Q3 net sales to $7.308 billion, driven by volume improvements despite a 2% deflation. The company's adjusted gross margin expanded by 50 basis points to 30.5%, while adjusted operating margin remained flat at 9.2%. Adjusted EBITDA rose 2.4% to $722 million. Adjusted EPS increased by 5.5% to $2.32, in line with expectations. Ferguson declared a quarterly dividend of 79 cents per share. The company expects FY24 net sales to be flat year-over-year with an adjusted operating margin of 9.2% – 9.6%.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 1:49 pm

ALBT

DCI

MLGO

NDRA

SOBR

WIMI

US stocks traded lower on Tuesday with the Dow Jones, NASDAQ, and S&P 500 all falling. Donaldson Company Inc (NYSE:DCI) reported better-than-expected earnings and raised its FY24 guidance. MicroAlgo Inc (NASDAQ:MLGO), Sobr Safe Inc (NASDAQ:SOBR), and WiMi Hologram Cloud Inc (NASDAQ:WIMI) saw significant stock price increases, while ENDRA Life Sciences Inc (NASDAQ:NDRA), Avalon Globocare Corp (NASDAQ:ALBT), and Equillium Inc (NASDAQ:EQ) experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 1:46 pm

BZUN

CRM

SHOP

EDA Holdings Ltd. has seen a significant rise in revenue due to strong demand for its logistics services for Chinese cross-border e-commerce merchants. The company's pre-sale stocking model could give it an advantage over rivals Temu and Shein, who are facing scrutiny in the U.S. EDA's recent IPO in Hong Kong saw an 80% jump on the first day, though the stock has since stabilized. The company is relatively small but shows strong growth potential and profitability.

Portfolio Pulse from The Bamboo Works

June 04, 2024 | 1:27 pm

DBI

Designer Brands Inc (NYSE:DBI) shares are plunging after reporting worse-than-expected Q1 earnings. Despite a slight sales growth and improved gross profit margin, the company missed EPS estimates and saw a significant drop in operating income. The stock is down 15.8% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 1:27 pm