Streetbeat News

Earnings

ASTI

MRIN

PSMT

PriceSmart, Inc. (NASDAQ:PSMT) shares rose by approximately 5% in pre-market trading after reporting Q2 earnings of $1.31 per share, surpassing estimates of $1.25 per share, with sales of $1.29 billion against expected $1.28 billion. Other stocks also showed significant movement in pre-market trading, with notable gainers including Marin Software, iCoreConnect, and Nano Labs, and losers such as FutureFuel Corp, Destiny Tech100, and PainReform Ltd.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:12 pm

NDLS

PLCE

UAA

The article highlights the top 3 oversold stocks in the consumer staples sector, identified by their low RSI values, indicating potential undervaluation. Noodles & Company (NDLS), The Children's Place, Inc. (PLCE), and Under Armour, Inc. (UAA) are mentioned as having RSI values near or below 30, suggesting they may be poised for a rebound. NDLS faced a 30% stock decline after weak Q4 results, PLCE received a significant financing tranche but saw a 48% stock decline, and UAA was downgraded by Evercore ISI Group, leading to an 18% stock decline.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:12 pm

HXL

KITT

SNTG

UAL

VLD

In Wednesday's pre-market session, there were notable movements in the industrials stocks sector. Sentage Holdings, Nauticus Robotics, Desktop Metal, Gaucho Group Holdings, United Airlines Holdings, and SKYX Platforms saw gains, with increases ranging from 4.54% to 8.6%. On the downside, Velo3D, Palladyne AI, Vast Renewables, Hexcel, Laser Photonics, and Azul experienced declines between 7.64% and 16.0%. Nauticus Robotics' rise was attributed to its Q4 earnings report released the previous day.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 12:09 pm

CYTO

Altamira Therapeutics reported a significant improvement in its fiscal year GAAP EPS, moving from CHF(409.60) to CHF(14.80) year-over-year. Additionally, the company's other operating income increased from CHF9.33K to CHF255.59K over the same period.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:06 pm

GREE

Greenidge Generation Holdings (NASDAQ:GREE) reported Q4 earnings of $0.36 per share, surpassing the $0.28 estimate, marking a 105.9% increase from last year. However, their Q4 sales of $19.60M fell short of the $26.70M estimate, despite being a 22.41% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:04 pm

ATRC

AtriCure (NASDAQ:ATRC) has received updated analyst ratings, with a consensus indicating a bullish outlook. Over the past three months, four analysts have rated ATRC as bullish, with recent adjustments in price targets reflecting a slight decrease in the average target to $48.00 from $50.33. AtriCure's financial performance shows strong revenue growth and profitability, with a notable net margin and ROE. The company specializes in surgical treatments for atrial fibrillation and other related conditions, primarily serving the U.S. market.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 12:01 pm

ALB

Albemarle (NYSE:ALB), a leading lithium producer, has been analyzed by 17 analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $141.29, down from $158.47, with actions ranging from rating raises to lowers. Albemarle's financial overview indicates challenges with a -10.1% revenue growth, a net margin of -26.22%, and an ROE of -6.4%, suggesting potential short-term stock pressure.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 12:00 pm

DECK

Recent analyst ratings for Deckers Outdoor (NYSE:DECK) show a predominantly bullish outlook, with an increase in the 12-month average price target to $916.5, up 14.14% from $802.93. The ratings reflect a range of perspectives, with recent actions including both upgrades and downgrades. Deckers Outdoor's financial performance is strong, with significant revenue growth, high net margin, and impressive ROE and ROA, indicating a robust market position and efficient operations.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 12:00 pm

VWAGY

Volkswagen AG (OTC:VWAGY) reported a 3% increase in Q1 FY24 deliveries, totaling 2.10 million vehicles, driven by growth in China, South America, and North America. Despite a 4% increase in combustion engine vehicle deliveries, all-electric vehicle (BEV) deliveries fell by over 3%, with a significant drop in Europe but a surge in China. The BEV order bank grew by 154% year-over-year. Audi and Porsche deliveries also declined. VWAGY shares dropped by 0.44% to close at $15.98.

Portfolio Pulse from Shivani Kumaresan

April 10, 2024 | 11:58 am

PLTR

ROKU

TDOC

Cathie Wood's Ark Invest made significant purchases in Roku, Palantir, and Teladoc Health, reflecting a strategic investment across technology and healthcare sectors. Ark's ETFs, including ARKK and ARKW, bought shares in Roku, making it the third biggest holding in ARKK. ARKX acquired shares in Palantir, notable against the backdrop of selling Nvidia shares. Additionally, Ark increased its stake in Teladoc through multiple ETFs, amidst cautious analyst expectations for Teladoc's upcoming earnings.

Portfolio Pulse from Shanthi Rexaline

April 10, 2024 | 11:39 am