Streetbeat News

Earnings

DBGI

Digital Brands Group Inc (NASDAQ:DBGI) shares surged by 287% to $11.09 following the company's reaffirmation of its fiscal year 2024 forecast, which includes revenue between $27 million and $30 million, internal free cash flow of $6 million to $7 million, and EBITDA of $1.5 million to $2.0 million. The company also announced no equity offerings for 2024 and a $1 million reduction in operating costs. CEO Hil Davis emphasized the exploration of strategic alternatives to maximize shareholder value.

Portfolio Pulse from Henry Khederian

February 13, 2024 | 3:43 pm

MCO

Moody's Corporation reported mixed results for Q4 and provided guidance that did not meet expectations, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:41 pm

ARM

Arm Holdings shares are trading lower due to a pullback after a recent surge following its earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:40 pm

WM

Waste Management's shares saw an increase following the announcement of their Q4 results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:36 pm

BA

Boeing reported a decrease in plane deliveries from 67 in December to 27 in January. This significant drop in deliveries could impact Boeing's financial performance and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:35 pm

META

SNAP

Snap Inc. (SNAP) and Meta Platforms Inc. (META) have been rivals since Snapchat rejected Meta's (then Facebook) $3B buyout offer in 2013. Despite Snapchat's innovative features, Meta's acquisition of Instagram and its subsequent introduction of Instagram stories, which mimic Snapchat's features, have significantly bolstered Meta's user base. Snapchat's recent earnings report showed a 35% stock drop, while Meta's stock has risen 36% year to date. The competition highlights the struggle of smaller companies against tech giants, with Snapchat still valued at $18 billion, significantly more than Meta's initial offer but lagging in stock performance compared to Meta's 1,700% increase since 2013.

Portfolio Pulse from Caleb Naysmith

February 13, 2024 | 3:30 pm

DIA

IWM

QQQ

SPY

Major stock indexes declined following the release of January CPI data, which indicated a higher-than-anticipated increase in inflation. This has raised concerns about the potential for continued aggressive monetary policy by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:29 pm

REKR

The AI industry is projected to grow from $207.9 billion in 2023 to $1.87 trillion by 2030, with significant contributions from companies like Rekor Systems (NASDAQ:REKR), which reported a 132% increase in Q2 revenue and a 178% increase in recurring revenue. The company's AI-driven digital infrastructure system, Rekor OneTM, and its unique position in the transportation infrastructure market, which is expected to grow to $3.6 trillion by 2031, underscore the potential of AI technology in transforming industries and generating investor returns.

Portfolio Pulse from Faith Ashmore

February 13, 2024 | 3:29 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) is set to report its Q4 earnings with expectations of a negative 1 cent EPS and $453.46 million in revenues. The stock has shown bullish technical indicators such as being above its exponential moving averages and a bullish MACD indicator, despite nearing overbought conditions according to the RSI. Analyst consensus rates HOOD as Neutral with a price target of $14.05, amidst recent upgrades. Shares were down 2.6% at $11.70 ahead of the earnings report.

Portfolio Pulse from Surbhi Jain

February 13, 2024 | 3:27 pm

LSCC

Lattice Semiconductor Corp (NASDAQ:LSCC) reported mixed Q4 FY23 results with revenue of $170.6 million missing estimates but adjusted EPS of $0.45 beating expectations. The company saw double-digit annual revenue growth in 2023, record gross margin, and profit expansion. It repurchased 900,000 shares and has authorization for up to an additional $250 million shares repurchase through December 2024. The Q1 FY24 revenue outlook is below estimates at $130 million-$150 million. LSCC shares are up 1.7%.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 3:25 pm