Streetbeat News

Earnings

GMM

IRDM

MITQ

SJ

The article highlights four oversold tech and telecom stocks in the communication services sector with RSI values near or below 30, indicating potential for growth in February. These include Scienjoy Holding Corporation (SJ), Global Mofy Metaverse Limited (GMM), Moving iMage Technologies, Inc. (MITQ), and Iridium Communications Inc. (IRDM). Each company's recent performance and stock price action are discussed, suggesting a short-term investment opportunity.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 11:54 am

FBK

KRNY

PLCE

TCBI

Insiders have recently made notable purchases in shares of Texas Capital Bancshares, Kearny Financial, FB Financial, and Children's Place, indicating their confidence in these companies. These transactions suggest potential growth or undervaluation of these stocks. Kearny Financial revised its Q2 fiscal 2024 results, Texas Capital Bancshares reported downbeat quarterly earnings, FB Financial increased its quarterly dividend, and Children's Place received a notification of significant ownership by Mithaq Capital.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 11:51 am

HR

Healthcare Realty Trust reported a sequential occupancy improvement of 175,000 square feet, or 53 basis points, in its multi-tenant portfolio during the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:50 am

NKE

Nike Inc (NYSE:NKE) announced plans to cut approximately 2% of its global workforce, over 1,600 jobs, to reduce costs. The layoffs, which will not affect store and distribution center employees or the innovation team, aim to reallocate resources towards key areas such as running, women's apparel, and the Jordan brand. Despite these cuts, Nike faces challenges, including a slight revenue miss in Q2 FY23 and anticipates up to $2 billion in cost savings over the next three years amidst rising macro headwinds.

Portfolio Pulse from Lekha Gupta

February 16, 2024 | 11:49 am

TRP

TC Energy (NYSE:TRP) reported Q4 earnings of $0.99 per share, surpassing the $0.83 estimate, a 19.28% increase year-over-year. Sales reached $3.11B, beating the $3.03B estimate, up 3.42% from last year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:47 am

HR

Healthcare Realty Trust (HR) reported a decrease in Q4 normalized FFO to $0.39 per share from $0.42 YoY, and sales declined to $330.44M from $338.06M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:47 am

GAU

Galiano Gold (AMEX:GAU) reported a Q4 adjusted EPS of $(0.03), missing the analyst consensus estimate of $0.02 by 250%. Year-over-year, sales increased by 2.95% to $59.51M from $57.81M.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:39 am

TRP

TC Energy reported a Q4 comparable EPS of $1.35, an increase from $1.11 year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:36 am

ASIX

AdvanSix anticipates year-over-year pricing declines in the first half of 2024 due to a lower nitrogen pricing environment. However, the company projects an increase in Nylon Solutions exports year-over-year in the same period.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:34 am

ASIX

AdvanSix (NYSE:ASIX) reported Q4 adjusted EPS of $(0.10), surpassing the $(0.21) estimate, and sales of $382.21M, exceeding the $335.87M estimate. This represents a 107.87% decrease in EPS and a 5.41% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:31 am