Streetbeat News

Earnings

BA

META

ORCL

SAVA

TSLA

On Monday, the U.S. stock market showed mixed results with the Dow Jones slightly up and NASDAQ, S&P 500 down. Boeing, Oracle, Meta Platforms, Cassava Sciences, and Tesla were among the most watched stocks due to various reasons including legal investigations, upcoming financial results, and product updates.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 2:33 am

JPM

Jamie Dimon, CEO of JPMorgan Chase, described the U.S. economy as 'kind of booming' but also cautioned that a recession remains a possibility. His comments were made at the Australian Financial Review Business Summit and reflect ongoing concerns about the U.S. economy's potential for a recession despite its current strength. Dimon had previously warned about the risks of a recession and the market's underestimation of these risks. The recent increase in the unemployment rate from 3.7% to 3.9% in February has added to these concerns.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 1:50 am

ADBE

KSS

ONON

WallStreetBets users are discussing the upcoming earnings reports for Adobe, On Holdings, and Kohl's. Opinions on Adobe are mixed, with some expecting a decline due to AI competition, while others see Adobe's AI integration as a strength. On Holdings is expected to perform well in its earnings report, with its popularity surging. Kohl's is facing skepticism, with many users planning to buy puts ahead of its earnings report, expecting poor performance.

Portfolio Pulse from Erica Kollmann

March 11, 2024 | 10:01 pm

KLIC

Kulicke and Soffa Industries (KLIC) announced the cancellation of Project W, expecting a reduction in FY24 revenue by approximately $15M. The company plans to redirect its development resources to focus on growth opportunities in Thermo-compression, Vertical Fan-Out, Automotive, and Dispense markets.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:57 pm

KLIC

Kulicke and Soffa Industries reaffirms its Q2 revenue forecast to be around $170M, with a possible variation of plus or minus $10M, aligning closely with the estimated $170.164M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:55 pm

ENGN

enGene Holdings reported a Q1 net loss of $10.7 million, or $0.46 per share. The company also closed a $200 million oversubscribed private financing, extending its cash runway into 2027.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:41 pm

CANG

Cango Inc. forecasts its Q1 total revenues to range between RMB50 million to RMB100 million.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:37 pm

CANG

Cango Inc. (CANG) reported a Q4 loss per ADS of $(0.13), an improvement from $(0.58) YoY. However, sales decreased to $18.34M from $70.63M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:36 pm

BNR

CMAX

CTMX

LFMD

OCUL

In Monday's after-market session, several healthcare stocks showed significant movement. CareMax, Burning Rock Biotech, LifeMD, SCWorx, Innate Pharma, and Clearside Biomedical were among the gainers, with notable increases in their stock prices. On the other hand, CytomX Therapeutics, ACADIA Pharmaceuticals, PaxMedica, Cognition Therapeutics, Ocular Therapeutix, and Atreca experienced declines. LifeMD's Q4 earnings were released, contributing to its stock price increase, while CytomX Therapeutics and Ocular Therapeutix also released their Q4 earnings, which may have influenced their stock price drops.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 9:34 pm

FTEK

GWAV

SGLY

TPIC

ZCAR

In Monday's after-market session, several industrials stocks saw significant movements. Singularity Future Tech led the gainers with a 63.5% increase, while Fuel Tech experienced the largest drop among the losers, falling 7.7% due to its Q4 earnings report. Other notable movements included Greenwave Tech Solns, TPI Composites, and Zoomcar Holdings on the gainers' side, and Getaround, Shengfeng Development, and Astra Space among the losers.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 9:34 pm