Streetbeat News

Earnings

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Nvidia Corp. (NASDAQ:NVDA) shares surged, boosting its market cap to over $2.8 trillion. Fund manager Louis Navellier highlighted Nvidia's significant gains and its role as a leader in AI. The 'Fantastic 5' tech giants, including Nvidia, Meta Platforms, Microsoft, Amazon, and Alphabet, have reached unprecedented valuations due to the AI boom. Despite Nvidia's high valuation, Navellier does not see it as a bubble, citing strong earnings growth. Nvidia's forward P/E ratio is 41.49, lower than Tesla's 71.94. Nvidia fell 0.69% in premarket trading on Wednesday.

Portfolio Pulse from Shanthi Rexaline

May 29, 2024 | 9:44 am

AAL

CAVA

CWCO

GME

LPA

NVAX

OKLO

SMR

Several major stocks, including American Airlines, CAVA Group, and others, are experiencing declines in Wednesday's pre-market session. American Airlines shares fell sharply due to executive departure and lowered Q2 guidance.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 9:16 am

ALLT

Allot has reiterated its financial outlook for FY24, expecting non-GAAP operating profit and net cash flow breakeven, along with continued yearly double-digit growth in SECaaS revenues and ARR.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:03 am

ALLT

Allot (NASDAQ:ALLT) reported better-than-expected Q1 2024 results with an adjusted EPS of $(0.03) beating the $(0.11) estimate and sales of $21.890 million surpassing the $19.100 million estimate.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:01 am

LCID

TSLA

Lucid CEO Peter Rawlinson criticized Tesla, suggesting the company has lost focus and is distracted by social media and politics. Rawlinson, who worked at Tesla from 2009 to 2012, believes Lucid can now take the lead in EV technology. The rivalry between Lucid and Tesla is intense, with Elon Musk previously predicting potential bankruptcy for Lucid. Lucid is expanding its market with a new midsize vehicle expected in 2026 but is currently unprofitable.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 7:19 am

AAP

BITF

CRM

DKS

ESLT

HPQ

RIOT

The CNN Money Fear and Greed index remained in the 'Neutral' zone on Tuesday. U.S. stocks closed higher, with the Nasdaq Composite settling above 17,000 for the first time. Bitfarms Ltd. shares jumped over 9% after Riot Platforms announced plans to acquire all outstanding shares. Elbit Systems Ltd. shares fell around 2.7% after reporting Q1 results. Investors are awaiting earnings results from DICK’S Sporting Goods, Advance Auto Parts, Salesforce, and HP Inc.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 7:05 am

AAP

DKS

HEI

HPQ

OOMA

U.S. stock futures are trading lower this morning. Key stocks to watch include Advance Auto Parts, Ooma, Dick’s Sporting Goods, HEICO Corporation, and HP Inc. Advance Auto Parts is expected to report earnings of 68 cents per share on $3.43 billion revenue. Ooma reported strong Q1 results and issued positive guidance, causing shares to jump 17.7%. Dick’s Sporting Goods is expected to post earnings of $2.95 per share on $2.94 billion revenue. HEICO Corporation posted better-than-expected Q2 results, and HP Inc. is expected to report earnings of 81 cents per share on $12.6 billion revenue.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 7:05 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) faced a significant drop in after-hours trading due to disappointing financial results and a warning letter from the SEC. The company reported a revenue of $0.8 million for fiscal year 2023, far below analyst estimates, and a net loss of $432 million. Faraday Future also received a delisting threat from Nasdaq for late filing of its 10-Q report. Despite these challenges, Reddit users are rallying to support the stock, reminiscent of previous meme stock surges.

Portfolio Pulse from Shanthi Rexaline

May 29, 2024 | 7:05 am

CHWY

Chewy, Inc. (NYSE:CHWY) is expected to report higher Q1 earnings, with analysts projecting earnings of 7 cents per share and revenue of $2.85 billion. Recent analyst ratings include Outperform and Buy, with some price target adjustments.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 6:50 am

AAPL

BRK

Berkshire Hathaway's stock has become more attractive after a recent dip in price and a surge in book value, driven by a rally in Apple shares. Despite a 1.1% drop in Class A shares, both Class A and Class B shares have outperformed the S&P 500 this year. Analyst Cathy Seifert has raised her earnings estimates for Berkshire and set a price target of $472 for Class B shares. The increase in Apple shares, which make up 40% of Berkshire's equity portfolio, has significantly boosted Berkshire's shareholder equity.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 6:28 am