Streetbeat News

Earnings

Zscaler (NASDAQ:ZS) is expected to report Q4 earnings with an estimated EPS of $0.49 on Monday, 2023-11-27. Investors are looking for an earnings beat and positive guidance for the next quarter. Zscaler's stock performance has been positive over the last year, with shares up 39.17%. Past earnings have shown mixed reactions in stock price post-announcement.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 2:00 pm

CAT

Caterpillar Inc. (NYSE:CAT) stock has seen a 0.30% increase in the current session, trading at $246.75, with a 3.43% rise over the past month and a 6.22% increase over the past year. Investors are examining the price-to-earnings (P/E) ratio, comparing it to the Machinery industry average, to determine if the stock is overvalued. Caterpillar's P/E is lower than the industry average, which could indicate the stock is undervalued or expected to perform worse than its peers.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 1:30 pm

Deere & Co (NYSE:DE) reported a 1% Y/Y decrease in net sales and revenue at $15.41 billion, beating consensus estimates of $13.69 billion. EPS was $8.26, exceeding the $7.47 consensus. FY24 net income is projected at $7.75 billion-$8.25 billion, below market estimates of $9.33 billion. Deere's dividend yield is 1.46%, with a quarterly dividend of $1.35 per share. To earn $500 monthly from dividends, an investor would need 1,111 shares, valued at approximately $411,914. For $100 monthly, 222 shares or $82,309 would be needed. Dividend yield fluctuates with stock price and dividend changes. DE shares dropped 3.1% to close at $370.76 on Wednesday.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:29 pm

AVGO

BURL

CSCO

IYH

On CNBC's 'Halftime Report Final Trades,' experts discussed their views on several stocks and an ETF. Shannon Saccocia of Boston Private expects a rotation back into the healthcare sector and named iShares U.S. Healthcare ETF (IYH). Rob Sechan of NewEdge Wealth highlighted Broadcom Inc. (AVGO) for its low valuation and high operating margin, noting its acquisition of VMware. Jim Lebenthal of Cerity Partners believes Cisco Systems, Inc. (CSCO) is poised for recovery despite a bad week and lowered projections for 2024. Joseph Terranova of Virtus Investment Partners chose Burlington Stores, Inc. (BURL), which reported a revenue miss in Q3. Broadcom shares fell, Cisco shares rose, Burlington gained, and the iShares U.S. Healthcare ETF also saw gains in Wednesday's session.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:23 pm

HTHT

H World Group Ltd (HTHT) reported a 53.6% year-on-year increase in Q3 FY23 sales to $861 million, surpassing analyst estimates. Adjusted EPADS was $0.58, also beating consensus. Occupancy rates and Blended RevPAR for Legacy-Huazhu hotels showed significant improvement compared to Q3 FY22. The company reported an operating income of $262 million with a 30.4% margin and had $1.2 billion in cash and equivalents. The hotel network comprised 9,157 hotels and 885,756 rooms. The Q4 outlook anticipates revenue growth of 41%-45%, or 48%-52% excluding Steigenberger Hotels. HTHT shares rose by 0.73% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 24, 2023 | 1:13 pm

GAMB

HRYU

LQR

STBX

TRVG

The article lists the top 5 oversold tech and telecom stocks in the communication services sector, which could present buying opportunities. These stocks have Relative Strength Index (RSI) values near or below 30, indicating they may be undervalued. The companies mentioned are Hanryu Holdings, Inc. (HRYU), trivago N.V. (TRVG), Gambling.com Group Limited (GAMB), Starbox Group Holdings Ltd. (STBX), and LQR House Inc. (LQR). Each company's recent performance, RSI value, and price action are briefly discussed.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:10 pm

AEMD

FFIE

FLJ

IMPL

IRBT

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares increased by approximately 14% in pre-market trading following the announcement of its expansion into the Middle East market with the FF 91 2.0 Futurist aiFalcon, set to start deliveries in 2024. Other stocks experienced significant movement in pre-market trading, with FLJ Group Limited (NASDAQ:FLJ) and iRobot Corporation (NASDAQ:IRBT) among the notable gainers, while Impel Pharmaceuticals Inc. (NASDAQ:IMPL) and Aethlon Medical, Inc. (NASDAQ:AEMD) were among the losers.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 12:59 pm

NVDA

QQQ

SPY

U.S. stocks are expected to open mixed as trading resumes after Thanksgiving, with Nvidia Corp. (NVDA) facing continued negative sentiment. Bond yields have slightly increased, while crude oil prices remain low. S&P Global's PMI data is anticipated post-market opening. A Morgan Stanley analyst predicts a challenging first half for 2024, followed by a stronger second half due to falling inflation and monetary easing. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed marginal premarket movements. Nvidia's stock dropped after delaying its China-specific AI chip launch. Black Friday sales could put retailers in the spotlight. Crude oil futures declined, and the 10-year Treasury note yield rose. Cryptocurrency sentiment improved, with Bitcoin gaining, and the U.S. dollar weakened against most major currencies except the yen. Asian markets closed mixed, while European markets showed mixed performance.

Portfolio Pulse from Shanthi Rexaline

November 24, 2023 | 12:24 pm

KEY

SFM

WSM

Insiders at Williams-Sonoma, Visa, KeyCorp, and Sprouts Farmers Market have recently sold shares of their companies. Williams-Sonoma insiders sold shares after reporting better-than-expected Q3 earnings. Visa's insider sale coincides with an extended collaboration in Europe. KeyCorp's insider sold shares as Q3 FY23 revenues met consensus. Sprouts Farmers Market's CEO sold shares after reporting a 7.7% Y/Y sales growth in Q3 FY23.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 12:21 pm

Jianpu Technology (NYSE:JT) reported a significant improvement in Q3 adjusted EPS, going from a loss of $(0.06) per share last year to breaking even this year. However, sales decreased by 7.29% to $35.03M compared to $37.79M in the same quarter the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 12:05 pm