Streetbeat News

Earnings

AAPL

An in-depth analysis compares Apple (AAPL) to its competitors in the Technology Hardware, Storage & Peripherals industry. Key financial metrics show Apple's potential for growth with a lower P/E ratio than the industry average, but a high P/B and P/S ratio may indicate overvaluation. Apple's ROE, EBITDA, and gross profit are significantly above the industry average, demonstrating strong profitability. However, Apple's revenue growth is below the industry average, suggesting a sales expansion slowdown.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 4:00 pm

ANF

Abercrombie & Fitch Co (NYSE:ANF) reported Q3 FY23 sales of $1.06 billion, missing estimates of $1.34 billion, but adjusted EPS of $1.83 beat estimates of $1.18. Sales grew 20% Y/Y with comparable sales up 16%. Gross profit margin expanded to 64.9%, and operating income increased to $138 million. The company updated its FY23 outlook, expecting net sales growth of 12%-14% and an operating margin of about 10%. Despite the mixed results and improved outlook, ANF shares dropped 4.12% to $69.31.

Portfolio Pulse from Shivani Kumaresan

November 21, 2023 | 3:59 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible breakouts or reversals. Key events to watch include the FOMC meeting minutes and NVIDIA's earnings report, which may increase market volatility. The memo is part of a service offering by RIPS, a professional trader, who provides insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

November 21, 2023 | 3:58 pm

MDT

Medtronic's stock is trading higher following the announcement of their second-quarter results, which exceeded expectations. Additionally, the company has increased its guidance for the fiscal year 2024, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:44 pm

Jacobs Solutions Inc (NYSE:J) shares fell approximately 4% after reporting Q4 FY23 results. Revenue increased 10.5% Y/Y to $4.29 billion, surpassing estimates. Adjusted EPS was $1.90, beating consensus by $0.01. However, the FY24 EPS outlook of $7.70-$8.20 is below the consensus of $8.40. The company also announced a spin-off and merger of its CMS and Cyber & Intelligence units with Amentum. The stock was down 6.75% at $127.74.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 3:44 pm

ADI

Analog Devices, Inc (NASDAQ:ADI) reported a 16% year-on-year decline in Q4 FY23 revenue to $2.72 billion, slightly above consensus estimates. Adjusted EPS was $2.01, just above the $2.00 consensus. Industrial revenue fell by 20.4%, while Automotive revenue grew by 13.8%. Communications and Consumer revenues also saw declines. The company experienced a decrease in adjusted gross and operating margins. Analog Devices announced a quarterly cash dividend of $0.86 per share. The company's outlook for Q1 revenue and adjusted EPS is below consensus estimates. ADI shares saw a slight increase of 0.14% to $184.08.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 3:34 pm

EPOW

Sunrise New Energy has announced its plans to build a carbon nanotube conductive additive plant in the United States, aiming to improve production efficiency and profitability. Carbon nanotubes are known to enhance the conductivity and reduce the cost of lithium-ion batteries. Additionally, EPOW is set to release its financial report for the first half of 2023 in December.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:33 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

Nvidia (NVDA) earnings are set to be released after market close and are expected to significantly impact the stock market due to Nvidia's role in AI advancements. Nvidia's stock has recently broken out and experienced a run-up, with positive positioning from Wall Street suggesting upward momentum if earnings meet high expectations. However, there's downside risk if earnings disappoint. Money flows are positive for Nvidia and Microsoft (MSFT), but negative for Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ). Gold prices are above $2,000 with buying interest from the momo crowd, and the most popular gold and silver ETFs are GLD and SLV, respectively. Oil is inactive with the most popular ETF being USO. Bitcoin (BTC) is range-bound.

Portfolio Pulse from The Arora Report

November 21, 2023 | 3:26 pm

LEEEF

Leef Brands, Inc. reported a 19% YoY decrease in Q3 revenue to $5.7 million, but a 10% increase in revenue for the nine months ended Sept. 30, 2023. Gross margins improved YoY, and operating expenses decreased significantly. The company experienced a net loss of $2 million, and total liabilities and shareholders' equity decreased to $48.8 million. Post-market close on Monday, shares traded 13.8716% higher at $0.0137.

Portfolio Pulse from Jelena Martinovic

November 21, 2023 | 3:19 pm

SYM

Symbotic Inc (NASDAQ:SYM) stock surged after reporting Q4 revenue of $392 million, surpassing the consensus estimate of $306.9 million. The company also reported a quarterly loss of 8 cents per share. CEO Rick Cohen highlighted the year's growth and the company's focus on innovation and scaling for growth in fiscal 2024. Symbotic expects Q1 revenue between $350 million and $370 million, with adjusted EBITDA of $11 million to $14 million. Analysts from Keybanc, Needham, and Goldman Sachs updated their ratings and price targets, with Keybanc raising its target from $50 to $63, Needham maintaining at $58, and Goldman Sachs increasing from $36 to $40. SYM shares rose 19.9% to $44.42.

Portfolio Pulse from Adam Eckert

November 21, 2023 | 3:16 pm