Streetbeat News

Earnings

AAPL

AMD

AMZN

COIN

DIS

GOOGL

MARA

NFLX

NVDA

PLTR

SHOP

SPY

TSLA

The article provides a technical analysis and commentary on various stocks and cryptocurrencies by MandoTrading. It includes specific price targets and observations on market behavior for assets like Apple, AMD, Amazon, Alphabet, Disney, Marathon Digital Holdings, Shopify, C3.ai, Netflix, Palantir, Coinbase, and the SPDR S&P 500 ETF. It also mentions Tesla, NVIDIA, and Bitcoin, with a focus on upcoming events such as NVIDIA's earnings release. The article promotes MandoTrading's educational content and offers a free newsletter subscription.

Portfolio Pulse from Mando Trading

November 20, 2023 | 2:39 pm

BMY

TSVT

Bristol-Myers Squibb Company (BMY) and 2seventy Bio Inc (TSVT) stocks dropped due to a delay in expanded U.S. approval for their Abecma gene therapy. The FDA's ODAC will review the sBLA for Abecma based on the KarMMa-3 study, but the meeting date is unconfirmed, and the PDUFA target action date of December 16, 2023, will be missed. Abecma is approved for RRMM after four prior therapies and has generated significant revenue. The KarMMa-3 study showed a significant improvement in progression-free survival.

Portfolio Pulse from Vandana Singh

November 20, 2023 | 2:37 pm

TSLA

Tesla, Inc. (TSLA) is gearing up for the launch of its Cybertruck on November 30. Analyst Gene Munster of Deepwater Asset Management is cautiously optimistic, citing a significant market for light pick-up trucks in the U.S. with sales around 3 million units. The Cybertruck is expected to have a slow production start, with estimates ranging from a few hundred to 10,000 units in 2023, potentially increasing to 35,000 in 2024 and 175,000 units per year later on. Despite over one million reservations, Munster believes only about 500,000 are solid potential buyers. He emphasizes that production, not demand, is the key concern for investors. Tesla's overall production is projected at 1.8 million units in 2023, with the Cybertruck contributing to a 25-30% delivery growth in 2025 and 2026. In comparison, the Model Y and 3 have a current production capacity of 800,000 units each. Tesla's stock saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

November 20, 2023 | 2:35 pm

SBUX

Starbucks Inc. (NASDAQ:SBUX) stock has seen an increase of 11.59% over the past month and 7.27% over the past year. Currently trading at $105.59, its P/E ratio is lower than the industry average, suggesting it could be undervalued or expected to underperform.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:30 pm

KSS

Kohl's Corp (NYSE:KSS) shares are trading lower due to the announcement of a management transition, with the departure of president and COO Dave Alves effective Nov. 17. The company is expected to report Q3 financial results before the market opens on Tuesday, with an anticipated earnings of 33 cents per share on revenue of $4.111 billion. Kohl's has previously beaten analyst estimates in the first two quarters of 2023.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 2:28 pm

SSY

SunLink Health Systems (AMEX:SSY) reported a narrower Q1 loss of $(0.06) per share compared to $(0.22) per share YoY, but sales declined to $8.55M from $11.04M YoY, indicating a mixed financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:15 pm

LEN

MUB

SNPS

On CNBC's 'Halftime Report Final Trades,' Bill Baruch recommended Synopsys (SNPS), which is set to report Q4 results on Nov. 29. Shannon Saccocia chose iShares National Muni Bond ETF (MUB), and Joshua Brown selected Lennar Corporation (LEN), which recently reported strong Q3 earnings. Synopsys and Lennar shares both saw a 0.3% increase, while MUB rose 0.1% on Friday.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 2:14 pm

API

Agora (NASDAQ:API) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts predicting an EPS of $-0.10. Investors are looking for an earnings beat and positive guidance for the next quarter. Agora's stock performance has been generally positive over the last 52 weeks, with shares up 17.54%, trading at $3.15 as of November 15. Historical data shows that Agora's share price can react negatively to earnings reports, even when beating EPS estimates.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:01 pm

PGRU

PropertyGuru Group (NYSE:PGRU) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts predicting an EPS of $-0.02. Investors are looking for an earnings beat and positive guidance for the next quarter. Historical data shows mixed EPS performance and slight stock price declines following earnings reports. Shares are currently trading at $3.52, down 30.43% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:01 pm

NJR

New Jersey Resources (NYSE:NJR) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts estimating an EPS of $0.32. Investors are looking for an earnings beat and positive guidance for future growth. In the past, NJR has had mixed results with its earnings performance, sometimes beating and sometimes missing EPS estimates, with varying impacts on the stock price. Currently, shares are trading at $43.01, down 13.79% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:01 pm