Streetbeat News

Earnings

GME

GameStop Corp (NYSE:GME) shares are trading lower on Tuesday after a significant rally on Monday. The surge was driven by Keith Gill, also known as 'Roaring Kitty,' who posted a $116 million position update on Reddit. Gill's actions have led to discussions at E-Trade about potential market manipulation. GameStop is also set to report its first-quarter financial results on June 11, with expectations of a loss of 9 cents per share and revenue of $1.05 billion.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 1:26 pm

SFIX

Stitch Fix Inc (NASDAQ:SFIX) is set to report its Q3 earnings on Tuesday, with Wall Street expecting -23 cents in EPS and $306.12 million in revenues. The stock has shown bullish technical indicators, being above its 5, 20, and 50-day exponential moving averages, and the 8-day simple moving average. However, it remains below the 200-day simple moving average. The MACD is positive, and the RSI is at 61, nearing overbought levels. Analysts have a mixed outlook with a consensus price target of $4.57, indicating potential upside.

Portfolio Pulse from Surbhi Jain

June 04, 2024 | 1:25 pm

CNM

Core & Main shares are trading lower after the company reported mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:17 pm

AXP

TTD

XBI

American Express, Trade Desk, and SPDR S&P Biotech ETF were highlighted in CNBC's 'Final Trades'. American Express reported strong Q1 earnings and declared dividends, while Trade Desk posted better-than-expected Q1 results. SPDR S&P Biotech ETF saw gains during Monday's session.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 1:13 pm

ABNB

EM

HLT

MAR

Smart Share Global Ltd. (NASDAQ: EM) reported a significant revenue decline of over 50% in Q1 due to its business transformation. The company is shifting from directly owning and operating power bank cabinets to a model where third-party partners manage the cabinets. This transition has led to short-term financial pain, including a stock drop of over 20% initially, though it closed down around 10%. Despite the short-term challenges, the company remains profitable on an adjusted basis and expects long-term benefits from the new model.

Portfolio Pulse from The Bamboo Works

June 04, 2024 | 1:10 pm

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) announced its unaudited production and operations updates for May 2024, revealing a significant decrease in Bitcoin production compared to April 2024 and May 2023. The company produced 215 Bitcoin in May 2024, a 43% decrease month-over-month and a 68% decrease year-over-year. Despite the drop in production, Riot's deployed and operating hash rates showed growth, and the company earned substantial power and demand response credits.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:08 pm

CIFR

Cipher Mining Inc. (NASDAQ:CIFR) released its unaudited production and operations update for May 2024, reporting 166 BTC mined, 50 BTC sold, and 2,142 BTC held. The company deployed 71,000 mining rigs and achieved a month-end operating hash rate of 8.0 EH/s.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:04 pm

BBWI

Bath & Body Works Inc (NYSE:BBWI) reported a slight decline in Q1 FY24 sales but beat analyst estimates. Despite weaker international sales, the company saw a rise in gross profit and operating income. Adjusted EPS also surpassed expectations. The company narrowed its FY24 EPS and sales guidance. BBWI shares are trading lower by 5.56%.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 1:03 pm

PVH

PVH Corp (NYSE:PVH) is set to release its Q1 earnings report, with analysts expecting earnings of $2.16 per share on $1.93 billion in revenue. Evercore ISI Group has raised its price target for PVH from $130 to $140. PVH recently declared a quarterly dividend of 3.75 cents per share, resulting in a 0.12% dividend yield. The stock closed at $122.48 on Monday, up 2.1%.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 1:01 pm

CRBU

Analysts have provided mixed reviews for Caribou Biosciences (NASDAQ:CRBU) over the past three months, with a majority being bullish. The average 12-month price target has decreased by 13.64%, indicating a negative shift in sentiment. Financial performance shows a decline in revenue and negative net margins, but strong debt management.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 1:00 pm