Streetbeat News

Earnings

IEMG

VXUS

Kanzhun Ltd (NASDAQ:BZ) reported strong fiscal Q1 2024 results with a 33.4% YoY revenue increase and adjusted EPADS beating estimates. Despite this, the stock declined due to a broader sell-off in Chinese stocks. Investors can gain exposure to Kanzhun via Vanguard Total International Stock ETF (NASDAQ:VXUS) and iShares Core MSCI Emerging Markets ETF (NYSE:IEMG).

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 1:12 pm

CSCO

IBM

PANW

Palo Alto Networks (PANW) shares dropped after a conservative fiscal Q3 report and guidance. The company is acquiring cloud security software from IBM (IBM) and forming a strategic alliance to enhance its AI-powered cybersecurity offerings. Despite revenue growth, the market was unimpressed by the narrowed guidance.

Portfolio Pulse from Upwallstreet

May 21, 2024 | 1:09 pm

KEYS

Keysight Technologies (NYSE: KEYS) reported better-than-expected Q2 earnings, with adjusted earnings of $1.41 per share and sales of $1.216 billion. The company expects Q3 revenue of $1.18 billion to $1.20 billion and adjusted earnings of $1.30 to $1.36 per share. Analysts revised their price targets, with Baird increasing to $167 and Susquehanna decreasing to $195.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:55 pm

ABT

BROS

GOOS

MGTX

NTNX

Jim Cramer provided stock recommendations on CNBC's 'Mad Money Lightning Round.' He recommended buying Dutch Bros Inc. (NYSE:BROS) and Nutanix, Inc. (NASDAQ:NTNX), while advising caution on Abbott Laboratories (NYSE:ABT) and Canada Goose Holdings Inc. (NYSE:GOOS). He also called MeiraGTx Holdings plc (NASDAQ:MGTX) a 'worthy spec.'

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:44 pm

BAX

RAPT

RENB

SAGE

TMCI

The article highlights five oversold health care stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Treace Medical Concepts (TMCI), RAPT Therapeutics (RAPT), Renovaro Inc. (RENB), Sage Therapeutics (SAGE), and Baxter International (BAX).

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:39 pm

MGOL

MGO Global reported a significant increase in Q1 total revenues, reaching $670,264, up from $45,147 year-over-year. The company's EPS improved to $(0.01) from $(0.08) YoY.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:39 pm

EDRY

EuroDry (NASDAQ:EDRY) reported a significant quarterly loss of $(1.18) per share, missing the analyst consensus estimate of $(0.34) by a wide margin. The company's sales also fell short of expectations, coming in at $14.42 million compared to the $14.72 million estimate. Despite the misses, sales increased by 27.18% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:39 pm

Macy's Inc (NYSE:M) reported better-than-expected Q1 adjusted EPS and raised its FY24 outlook, despite a slight sales decline. The company saw a 2.7% drop in sales to $4.846 billion, missing the consensus of $4.86 billion. Adjusted EPS of $0.27 beat the $0.15 consensus. Macy's raised its FY24 adjusted EPS guidance and updated its sales outlook. Shares are trading higher by 3.97% in premarket.

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 12:37 pm

TCOM

Trip.com Group Limited (NASDAQ:TCOM) reported better-than-expected earnings for Q1, with adjusted earnings of 83 cents per share and sales of $1.65 billion. Analysts from Benchmark and Mizuho raised their price targets on the stock following the results.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:37 pm

AXON

EXP

IYR

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Eagle Materials, Morgan Stanley, iShares U.S. Real Estate ETF, and Axon Enterprise. Eagle Materials plans to modernize and expand its cement plant. Morgan Stanley invested $269.9 million in Bitcoin ETFs. Axon Enterprise posted strong Q1 results and plans to acquire Dedrone.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:35 pm