Streetbeat News

Earnings

MTC

MMTEC, Inc. (MTC) reported improved financial results for the first half of the year, with a narrower loss of $(0.30) per share compared to $(0.92) per share year-over-year, and a significant increase in sales to $2.86M from $733.40K in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 19, 2023 | 8:33 pm

AUVI

Applied UV (NASDAQ:AUVI) reported a narrower Q3 loss of $(0.32) per share compared to $(1.20) per share in the same quarter last year. Sales for the quarter increased by 94.79% to $11.45 million from $5.88 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 19, 2023 | 8:30 pm

CSCO

DIS

PLTR

VLVLY

VRTX

Barron's weekend stock picks include Disney, Palantir, and Cisco, with each facing different challenges and opportunities. Disney is under pressure from two activist investors to increase shareholder value. Palantir's stock is on the rise due to positive results and analyst optimism. Vertex Pharmaceuticals' stock fell over concerns about its pain pill trial. Volvo's stock drop is seen as a potential opportunity. Cisco Systems faces a poor outlook due to pandemic fallout, despite good quarterly results.

Portfolio Pulse from Justin Chan

November 19, 2023 | 1:18 am

DIS

DKNG

FWONA

FWONK

PENN

The sports betting sector saw several key developments, including the launch of ESPN Bet by PENN Entertainment in partnership with The Walt Disney Company. ESPN Bet is live in 17 states, offering $200 in bonus bets and topping iOS charts. Other highlights include Christian McCaffrey's touchdown streak ending, potential Taylor Swift's impact on Travis Kelce's performance, NFL Thanksgiving Day betting, Jim Harbaugh's suspension, a bettor winning a $5.5 million parlay, and Formula One betting odds for the Las Vegas Grand Prix.

Portfolio Pulse from Chris Katje

November 18, 2023 | 7:16 pm

AMZN

META

MSFT

SOXX

TSLA

The stock market saw gains for the third consecutive week, with major indexes rising. U.S. inflation slowed in October, and retail sales contracted slightly. Benzinga's event discussed fintech and digital assets. Bullish views included Amazon's blockchain head discussing a Bitcoin ETF, Microsoft's raised target price due to AI and custom chips, and Dogecoin's potential rally. Bearish perspectives involved Tesla's struggles in China, Michael Burry's short bet against the semiconductor sector, and a developer favoring Apple's Vision Pro over Meta's Quest.

Portfolio Pulse from Michael Cohen

November 18, 2023 | 5:22 pm

PLNH

Pablo Zuanic, a senior analyst at Zuanic & Associates, reviewed Planet 13 Holdings' (OTC:PLNH) 3Q23 performance, noting a 3% YoY sales decrease and a 4% QoQ decrease, mainly in Nevada. California showed a 2% increase in wholesale sales. Despite a 12% sales drop in December CY22, the company maintained a 45.9% gross margin. However, concerns arise from the decline in EBITDA margin and increased operational expenses. For 4Q23, minimal top line growth is expected, while CY24 growth is anticipated from new stores and the VidaCann deal in Florida. Zuanic remains optimistic about PLNH's growth potential, maintaining an Overweight stance on the stock.

Portfolio Pulse from Nicolás Jose Rodriguez

November 18, 2023 | 3:01 pm

FSR

KARS

NKLA

RIVN

TSLA

VWAGY

Electric vehicle stocks saw gains in the week ending Nov. 18, with Tesla (TSLA) up over 10% despite controversy over CEO Elon Musk's support for antisemitic content. Tesla faces union issues in Sweden and prepares for the Cybertruck launch. Nikola (NKLA) announced the resignation of CFO Anastasiya Pasterick. Fisker (FSR) reported disappointing Q3 results and internal control weaknesses. Rivian (RIVN) offers incentives for R1T purchases. Volkswagen (VWAGY) recalls ID.4s over flammability concerns. The KraneShares Electric Vehicles ETF (KARS) ended the week up 4.51% but down 0.88% on Friday.

Portfolio Pulse from Shanthi Rexaline

November 18, 2023 | 2:39 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is set to deliver the first 10 Cybertrucks at a delivery event at Gigafactory Texas on November 30. This information was confirmed by Tesla’s product design director Javier Verdura. Despite Elon Musk's previous hints about the Cybertruck, details on performance and pricing remain undisclosed. Musk has projected a future annual delivery target of 250,000 Cybertrucks, potentially by 2025, acknowledging the challenges of bringing special products to market.

Portfolio Pulse from Anan Ashraf

November 18, 2023 | 6:13 am

BTCM

BIT Mining Limited reported a Q3 2023 EPS of $(0.32), a significant decrease from $(0.02) in the same quarter the previous year. However, the company's revenue of $77M exceeded the $74.5M estimate.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:40 pm

TOON

Kartoon Studios reported Q3 revenue of $10.1M and a nine-month revenue of $35.3M. As of September 30, 2023, the company had current assets of $61.4M, working capital of $11.8M, and total stockholders' equity of $74M. The detailed financial results are available in the Form 10-Q filed with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:36 pm