Streetbeat News

Earnings

GOEV

LOBO

PIK

PVH

In Tuesday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Lobo EV Technologies, Kidpik, SunCar Tech Gr, Cazoo Gr, Allurion Technologies, and Viomi Technology Co, with increases ranging from 7.01% to 21.1%. On the downside, Canoo, Meta Data, PVH, MGO Global, EpicQuest Education Group, and Selina Hospitality experienced declines between 16.79% and 28.4%, with several companies' movements tied to recent Q4 earnings releases.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:31 pm

ACOR

EVAX

NXL

Health care stocks experienced significant movements in Tuesday's intraday session, with notable gainers including Nexalin Technology, MSP Recovery, and Aditxt, among others. Losers were led by Acorda Therapeutics, Gritstone Bio, and Orgenesis. Factors influencing these movements include recent earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:31 pm

MEG

MVST

UGRO

VTSI

In Tuesday's intraday session, notable movements were observed in the industrials stocks sector. VirTra, Urban-gro, and Montrose Environmental Gr were among the top gainers, with significant increases in their stock prices following their Q4 earnings reports. Conversely, Microvast Holdings, Pioneer Power Solutions, and GE Aerospace experienced substantial declines, also influenced by their Q4 earnings outcomes. The fluctuations reflect the market's reaction to the latest financial performance of these companies.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:31 pm

ALAR

CXAI

GSIT

XTIA

In Tuesday's intraday session, several Information Technology stocks experienced significant movements. Notably, XTI Aerospace (XTIA) surged 81.3%, while CXApp (CXAI) dropped 27.5%. Other notable movers include GSI Technology (GSIT) and Alarum Technologies (ALAR) with significant gains, and OMNIQ (OMQS) and Cipher Mining (CIFR) with notable losses. Some companies, such as Soluna Holdings (SLNH), OMNIQ (OMQS), Duos Technologies Group (DUOT), and Ondas Holdings (ONDS), reported their Q4 earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:30 pm

GOEV

Canoo Inc (NASDAQ:GOEV) shares dropped significantly after issuing weak 2024 revenue guidance, despite a bullish stance from H.C. Wainwright & Co. analyst Amit Dayal, who raised the price target from $3 to $7. The company reported Q4 revenues of $0.4 million and an adjusted EBITDA loss of $54.0 million. The 2024 revenue guidance of $50M-$100M implies a production of 1,000-2,000 vehicles, with a goal of reaching 4,000-5,000 vehicles per quarter by mid-2025.

Portfolio Pulse from Priya Nigam

April 02, 2024 | 4:09 pm

LEVI

Levi Strauss & Co. (NYSE:LEVI) is set to release its Q1 earnings after the market closes on April 3, 2024, with analysts forecasting a decrease in earnings per share from 34 cents to 21 cents year-over-year, and a projected quarterly revenue of $1.55 billion. Despite a 3% increase in Q4 revenue year-over-year to $1.64 billion, it fell short of the $1.66 billion consensus estimate. However, its Q4 earnings of 44 cents per share exceeded expectations. Following these announcements, LEVI shares rose 1.6% to close at $20.30. Analysts from UBS, JP Morgan, Wells Fargo, Citigroup, and Stifel have recently updated their ratings and price targets for LEVI, with varying degrees of optimism.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 4:08 pm

ACOR

GRTS

LIFW

VERV

VTSI

VVPR

U.S. stocks traded lower with the Nasdaq Composite down over 1%. Energy shares rose by 0.6% while health care shares fell by 1.7%. U.S. factory orders increased by 1.4% in February. VivoPower International PLC surged 266% after announcing a merger with Cactus Acquisition Corp. 1 Limited. VirTra, Inc. rose 41% on strong Q4 results. MSP Recovery, Inc. gained 28% after Palantir Technologies reported a 6.5% stake. Acorda Therapeutics, Inc. dropped 76% due to Chapter 11 proceedings. Gritstone bio, Inc. and Verve Therapeutics, Inc. also saw significant declines.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 4:06 pm

CLRO

ClearOne, identified by its ticker symbol CLRO, reported its financial results for the fourth quarter, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:02 pm

DUOT

Duos Technology Group's shares dropped following the announcement of disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:01 pm

EXP

Eagle Materials (NYSE:EXP) has seen a range of analyst ratings over the last quarter, with recent updates showing a positive trend in price target adjustments. Analysts from firms like Truist Securities, JP Morgan, Citigroup, Raymond James, and Goldman Sachs have raised their price targets for EXP, reflecting optimism about the company's performance and market position. The average 12-month price target for EXP now stands at $262.43, up 16.34% from the previous average, indicating a bullish outlook. Eagle Materials, a producer of construction products and building materials, has demonstrated strong financial health with a notable revenue growth rate, impressive net margin, and exceptional ROE and ROA, despite a higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:01 pm