Streetbeat News

Earnings

NVDA

Nvidia's upcoming first-quarter earnings report is highly anticipated and could significantly impact the ongoing U.S. stock market rally. Nvidia's stock has surged 90% this year, making it the third-largest U.S. company by market value. The company's results are seen as a key indicator for the AI industry and could influence broader market valuations.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 1:55 pm

AKTS

BDRX

BNED

BZFD

EDBL

TGT

YSG

US stocks traded mixed with the Dow Jones falling slightly and the NASDAQ rising marginally. Target Corp reported weaker-than-expected first-quarter earnings, leading to a decline in its stock. Akoustis Technologies saw a significant increase in its stock price despite bankruptcy concerns, while Barnes & Noble Education and BuzzFeed also experienced notable gains. Conversely, Edible Garden AG, Biodexa Pharmaceuticals, and Yatsen Holding saw significant declines.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 1:55 pm

AKTS

LYFT

NVDA

TSLA

UBER

Today's top headlines include a significant surge in Shiba Inu's burn rate, Tesla's new Model 3 exceeding expectations, and Wall Street's cautious stance ahead of Nvidia's earnings. Additionally, Uber and Lyft are preparing for pay increases in Minnesota, and Akoustis experiences a dramatic pre-market rise amid bankruptcy fears.

Portfolio Pulse from Akanksha Bakshi

May 22, 2024 | 1:54 pm

WOOF

Petco Health and Wellness Company Inc. (NASDAQ:WOOF) reported first-quarter net revenue of $1.53 billion, slightly down year over year but in line with expectations. Despite a decline in comparable sales and an adjusted loss, the stock surged 29.20% due to better-than-expected EPS and positive guidance.

Portfolio Pulse from Vandana Singh

May 22, 2024 | 1:51 pm

EAT

Brinker International (NYSE:EAT) has seen a 38% stock climb over the past month. Despite a slight decline on Tuesday, Argus Research Group's Christine Dooley upgraded the stock from Hold to Buy, citing improved earnings outlook and operational initiatives.

Portfolio Pulse from Priya Nigam

May 22, 2024 | 1:51 pm

BABA

CQQQ

ONLN

PDD

PDD Holdings Inc (NASDAQ:PDD) reported a significant fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion, surpassing analyst expectations. The company's adjusted earnings per ADS also beat estimates, rising to $2.83. PDD's stock has gained 131% over the last 12 months, and it continues to focus on improving consumer experience and supply chain capabilities.

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 1:47 pm

GME

Whales are showing a bearish stance on GameStop (NYSE:GME) with 55% of recent options trades being puts. The stock is currently down 2.98% at $21.46, and analysts have set a price target of $7.0. The next earnings report is expected in 14 days.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 1:46 pm

VIPS

Vipshop Holdings Limited (NYSE: VIPS) reported Q1 revenue of $3.83 billion, missing estimates of $3.93 billion. Despite the miss, gross margin increased to 23.7%, and adjusted earnings per ADS beat expectations at 65 cents. The company plans to repurchase $500 million worth of stock by the end of 2024. VIPS shares rose 4.5% to $17.19.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 1:46 pm

WSM

Williams-Sonoma, Inc (NYSE:WSM) shares surged after reporting first-quarter FY24 earnings that beat analyst expectations. Despite a 5% year-on-year sales decline, the company posted an adjusted EPS of $4.07, surpassing the consensus estimate of $2.70. Gross margin expanded significantly, and operating income saw a substantial increase. The company reiterated its annual net revenue growth guidance.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 1:36 pm

ACMR

COIN

CSCO

MSTR

NVDA

SMCI

SPY

The article discusses investment strategies in anticipation of America's next financial crisis, referencing Benjamin Graham's approach to investing in undervalued stocks. It highlights a hedged portfolio constructed by Portfolio Armor, which included stocks like ACM Research, Coinbase, Fabrinet, MicroStrategy, Nvidia, Super Micro Computer, and Splunk (acquired by Cisco). This portfolio outperformed the SPDR S&P 500 Trust ETF over six months.

Portfolio Pulse from David Pinsen

May 22, 2024 | 1:32 pm