Streetbeat News

Earnings

DELL

HPQ

NVDA

Dell Technologies Inc (NYSE:DELL) reported strong first-quarter revenue growth but disappointed Wall Street with low margins on AI servers, causing shares to drop. Despite surpassing revenue estimates, earnings lagged, and concerns were raised about the profitability of Dell's AI initiatives. HP Inc (NYSE:HPQ) also reported its fiscal second-quarter results, showing a slight decline in sales but an increase in earnings. Nvidia Corporation (NASDAQ:NVDA) was mentioned as a key partner for Dell's AI servers, with supply issues impacting Dell's performance.

Portfolio Pulse from Upwallstreet

June 03, 2024 | 12:37 pm

BPTH

GME

NTLA

Market-Moving News for June 3rd includes significant updates for GameStop (GME), Bio-Path Holdings (BPTH), and Intellia Therapeutics (NTLA). 'Roaring Kitty' revealed a massive GME position, BPTH presented interim results from a Phase 2 study, and NTLA announced long-term data from a Phase 1/2 study.

Portfolio Pulse from ryanfaloona@benzinga.com

June 03, 2024 | 12:35 pm

APPN

PRGO

TALO

The article highlights notable insider trades in three companies: Talos Energy, Appian, and Perrigo. Insider purchases often indicate confidence in the company's prospects. Talos Energy saw a significant purchase despite a wider-than-expected quarterly loss. Appian's director made a purchase following worse-than-expected earnings. Perrigo's EVP bought shares after the company posted upbeat quarterly earnings.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:33 pm

GTLB

GitLab Inc. (NASDAQ:GTLB) is set to release its first-quarter financial results, with analysts expecting a quarterly loss of 4 cents per share and revenue of $165.89 million. The company recently acquired Oxeye, a cloud-native application security provider. GitLab shares fell 2.7% to $47.21. Analysts have revised their price targets, with most maintaining a Buy or Outperform rating.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:31 pm

AES

NEE

ORA

As of June 3, 2024, three utilities stocks—Ormat Technologies (ORA), The AES Corporation (AES), and NextEra Energy (NEE)—are considered overbought based on their RSI values, indicating potential short-term price declines. Despite recent strong financial performances and stock gains, their high RSI values suggest caution for momentum-focused investors.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:30 pm

BAH

MDB

NTAP

PSTG

Top Wall Street analysts have made recent stock picks, with notable mentions including NetApp, Pure Storage, Booz Allen Hamilton, Dycom Industries, and MongoDB. These analysts have high accuracy rates and have provided updated ratings and price targets based on recent financial results.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:30 pm

ABBV

LULU

SYY

TJX

On CNBC's 'Halftime Report Final Trades,' analysts recommended TJX Companies, AbbVie, Sysco, and Lululemon. TJX reported strong Q1 FY25 results, AbbVie received positive CHMP opinion for SKYRIZI®, Sysco missed Q3 FY24 sales estimates, and Lululemon announced an updated operational structure.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:30 pm

BCTX

BriaCell presented promising clinical efficacy data for its Bria-IMT therapy in a Phase 2 study for advanced metastatic breast cancer at ASCO 2024. The therapy showed doubled Progression-Free-Survival (PFS) and Clinical Benefit Rate compared to historical results, and was well-tolerated with no related discontinuations.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:29 pm

BRK

JPM

MSFT

NVDA

Nvidia Corp (NASDAQ:NVDA) experienced a significant market cap increase of $350 billion due to a gamma squeeze, driven by a surge in call options. The company's market cap reached $2.69 trillion, surpassing JPMorgan Chase & Co (NYSE:JPM) and Berkshire Hathaway Inc (NYSE:BRK). Nvidia's Q1 earnings report and its role in generative AI were key catalysts. The event highlights both opportunities and risks for investors.

Portfolio Pulse from Surbhi Jain

June 03, 2024 | 12:26 pm

HPE

Hewlett Packard Enterprise (NYSE:HPE) is set to release its Q2 earnings, with analysts expecting a drop in EPS from 52 cents to 39 cents and projected revenue of $6.82 billion. The company offers a 2.95% annual dividend yield, translating to 13 cents per share quarterly. Investors need approximately $203,646 in HPE stock to earn $500 monthly from dividends. HPE shares recently fell 4.7% to $17.65.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 12:21 pm