Streetbeat News

Earnings

MOMO

Hello Group expects Q2 2024 revenue to be between RMB2.65 billion and RMB2.75 billion, a year-over-year decrease of 12.4% to 15.5%. This forecast reflects current market and operational conditions.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:34 am

MOMO

Hello Group (NASDAQ:MOMO) reported Q1 2024 adjusted EPADS of $0.04, missing the estimate of $0.29. However, sales were $354.61 million, beating the estimate of $347.95 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:32 am

INSM

Insmed is set to discuss the topline results from its Phase 3 ASPEN study of Brensocatib in patients with bronchiectasis. A conference call will take place on Tuesday, May 28, 2024, at 8:00 am ET.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 7:17 am

CAE

CAE (NYSE:CAE) reported Q4 2024 earnings of C$0.37 per share, missing the analyst estimate of C$0.42. Sales were C$1.126 billion, also below the expected C$1.286 billion. Despite the misses, EPS increased by 12.12% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:39 am

BOX

ESLT

GIL

GME

HEI

Key stocks to watch today include Box, Gildan Activewear, Elbit Systems, GameStop, and HEICO. Box and HEICO are expected to report earnings, Gildan Activewear has new leadership, Elbit Systems will release earnings, and GameStop completed its equity offering program.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 6:17 am

BOX

DECK

ESLT

HEI

NVDA

Investor optimism has improved, with the Nasdaq reaching a record high. NVIDIA and Deckers Outdoor saw significant gains due to strong financial results. The Fear & Greed Index remains neutral. Investors are awaiting earnings from Elbit Systems, Box, and HEICO.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 6:17 am

HEI

HEICO Corporation (NYSE:HEI) is expected to report higher Q2 earnings, with analysts projecting earnings of 81 cents per share and revenue of $951.21 million. Recent analyst ratings have been positive, with multiple analysts maintaining Buy ratings and raising price targets.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 6:12 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin saw slight gains on Memorial Day as the stock market remained closed. Bitcoin briefly crossed $70,000 before profit-taking occurred. Ethereum faced resistance near $4,000. The overall cryptocurrency market cap increased by 1.24% to $2.59 trillion. Analysts find the climb encouraging, noting lower selling pressure and potential for further gains.

Portfolio Pulse from Aniket Verma

May 28, 2024 | 1:52 am

NVDA

SMCI

Nvidia's strong earnings report has caused fluctuations in Super Micro Computer's shares. Despite volatility, SMCI is up 210% year-to-date. Analysts from Bank of America and JPMorgan maintain positive ratings, citing the company's potential in AI-related accelerated computing and liquid cooling. The consensus price target is $1,059.03, indicating a 19.8% upside.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 1:41 am

FSLR

First Solar Inc (NASDAQ:FSLR) is positioned to benefit from the AI-driven surge in electricity demand. UBS analysts have raised their price target to $270, citing the company's alignment with renewable energy needs for AI applications. First Solar's expansion in U.S. manufacturing and favorable policies like the Inflation Reduction Act further bolster its growth prospects. Despite strong technical indicators, caution is advised due to the stock's overbought status.

Portfolio Pulse from Surbhi Jain

May 27, 2024 | 7:50 pm