Streetbeat News

Earnings

SE

Sea Ltd reported a Q4 EPS of $(0.19), a significant decrease from $0.72 YoY. However, their sales of $3.62B exceeded the $3.53B estimate.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:32 am

DGHI

Digihost announced a 45% year-over-year increase in Bitcoin mined and provided a February 2024 production update. The company reported holding $3.9 million in cash, BTC, and cash deposits as of February 29, 2024, a slight increase from $3.7 million as of January 31, 2024. Despite an 11% decrease in daily BTC mined due to a 16% increase in mining difficulty, Digihost's ending BTC position grew by $0.3 million. Capital expenditures rose by 333% to $1.3 million, focusing on mining infrastructure and energy credits, with efforts to minimize equity dilution.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:23 am

DECK

M

QQQ

SMCI

SPY

Wall Street exhibits caution despite recent record highs in the Nasdaq and S&P 500, with a focus on upcoming Fed speeches and labor market data. Cryptocurrency markets, particularly Bitcoin, show strength, potentially influencing stock market sentiment. Notable stock movements include Macy's, Super Micro Computer, and Deckers Outdoor due to acquisition offers and S&P 500 index inclusion. Upcoming economic data and corporate earnings reports are anticipated to impact market direction.

Portfolio Pulse from Shanthi Rexaline

March 04, 2024 | 11:21 am

ELV

Elevance Health's four Medicare Advantage contracts will receive higher 2024 Star Ratings, positively impacting its 2025 revenue by an estimated $190M. This adjustment follows a reconsideration of the initial ratings announced in October 2023.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:18 am

ELV

Elevance Health has reaffirmed its 2024 net income guidance, projecting over $34.29 per diluted share and over $37.10 on an adjusted basis, surpassing the consensus estimate of $37.05, as reported in an 8K filing.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:16 am

GSL

SE

SFIX

Earnings reports for March 4, 2024, include a mix of expected losses and gains across various sectors. Notable companies like Sea, Global Ship Lease, and Stitch Fix are among those reporting, with projections ranging from significant losses to substantial earnings per share. This diverse earnings landscape provides insights into different industry performances.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:53 am

AMZN

META

MSFT

NVDA

Dan Niles, a prominent hedge fund manager, has selected Nvidia, Meta, Microsoft, and Amazon as his top stock picks for 2024, citing their earnings potential amid AI bubble concerns. Despite negative revisions for other tech giants, these companies have seen a 50% average increase in EPS expectations since last year. Nvidia's leadership in AI chip production, Meta's investment in Nvidia, Microsoft's expansion of AI technologies, and mixed sentiment on Amazon highlight the diverse factors influencing these picks.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 7:05 am

AVAV

GSL

LL

SE

SFIX

U.S. stock futures are trading higher, with focus on Sea Limited, AeroVironment, LL Flooring Holdings, Stitch Fix, and Global Ship Lease due to earnings reports and stock movements. Sea Limited is expected to report a quarterly loss, AeroVironment's earnings are anticipated post-market, LL Flooring reported a narrower loss, Stitch Fix is expected to report a loss, and Global Ship Lease is projected to post earnings.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 6:58 am

AVAV

CVGI

DELL

GSL

META

NVDA

SFIX

The CNN Money Fear and Greed index indicated 'Extreme Greed' in the market, with the Nasdaq hitting a new high. NVIDIA and Meta Platforms saw significant gains, while Dell Technologies surged 32% after reporting strong Q4 results and increasing its dividend. Economic data showed a decline in manufacturing PMI and consumer sentiment. The S&P 500 and Dow Jones also closed higher. Upcoming earnings from Global Ship Lease, Commercial Vehicle Group, AeroVironment, and Stitch Fix are anticipated.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 6:56 am

SFIX

Stitch Fix, Inc. (NASDAQ:SFIX) is anticipated to report a narrower loss of 20 cents per share for Q2 FY2024, improving from a 58 cents per share loss year-over-year. Revenue is expected at $330.86 million. The company's shares dropped 0.6% to $3.21 recently. Analysts from Telsey Advisory Group, Truist Securities, Piper Sandler, Webush, and Baird have provided various ratings and price targets, reflecting a cautious to negative outlook.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 6:30 am