Streetbeat News

Earnings

NVDA

TSM

Nvidia CEO Jensen Huang addressed investor concerns about AI demand and the Blackwell product timeline at a Goldman Sachs conference. Analysts were reassured by the updates, with Goldman Sachs and Wedbush maintaining positive ratings on Nvidia. Huang emphasized the strong demand for Nvidia's products and the potential revenue benefits for customers. Nvidia's stock has seen significant growth, and the company is exploring opportunities in AI and data center CPUs.

Portfolio Pulse from Chris Katje

September 12, 2024 | 3:51 pm

FTXG

GIS

PBJ

General Mills is selling its North American yogurt business to Lactalis and Sodiaal for $2.1 billion, citing competition and market challenges. The deal is expected to be completed by 2025 and may dilute earnings. Proceeds will be used for share repurchases.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 3:23 pm

BANL

CBL International (NASDAQ:BANL) reported a significant increase in sales for the first half of the year, with $227.23 million, up 18.38% from $191.96 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 3:23 pm

AMAT

AMD

ARM

AVGO

NVDA

QQQ

SPY

TSM

The article discusses aggressive buying in AI stocks, particularly Nvidia (NVDA), due to a new narrative about potential US-China relations under a hypothetical Harris presidency. Despite hotter-than-expected inflation data, the 'momo' crowd continues to buy AI stocks. The article also mentions the upcoming release of OpenAI's new AI model, Strawberry, and its potential impact.

Portfolio Pulse from The Arora Report

September 12, 2024 | 3:01 pm

LRCX

Lam Research (NASDAQ:LRCX) is evaluated against its peers in the Semiconductors & Semiconductor Equipment industry. The company shows strong financial performance with a low P/E ratio, high ROE, EBITDA, gross profit, and revenue growth, but its P/B and P/S ratios suggest overvaluation. Lam Research also has a lower debt-to-equity ratio, indicating a healthier financial position compared to its top peers.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 3:00 pm

LOVE

NTGR

SIG

Signet Jewelers, NETGEAR, Lovesac, and other stocks saw significant gains on Thursday. Signet's shares rose 18.8% after better-than-expected earnings. NETGEAR's shares jumped 31.3% following a settlement and revenue guidance increase. Lovesac gained 24.7% due to strong EPS results.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 2:45 pm

CAL

MYLD

XRT

Caleres, Inc. (NYSE:CAL) reported disappointing Q2 results, missing revenue and EPS expectations, and lowered its FY24 outlook. The company faced challenges from a delayed back-to-school season and operational issues with its SAP ERP implementation. Despite a slight increase in Famous Footwear sales, Brand Portfolio sales declined. Caleres plans restructuring actions to save costs and aims to reduce debt by 2026. CAL shares dropped 18.7% following the news.

Portfolio Pulse from Lekha Gupta

September 12, 2024 | 2:40 pm

Micron Technology Inc. (NASDAQ:MU) is nearing a Death Cross, a bearish technical pattern, but analysts like Jim Cramer and BofA's Vivek Arya see buying opportunities. Despite recent declines, Micron's fundamentals remain strong, and upcoming earnings could be pivotal.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 2:38 pm

FULC

ONCT

RYDE

SMFL

TNON

U.S. stocks showed mixed performance with the Dow Jones falling, while NASDAQ and S&P 500 rose. Producer prices increased by 0.2% in August, surpassing expectations. Notable stock movements included Visionary Holdings surging 191% after a significant investment announcement, while Fulcrum Therapeutics fell 61% due to a failed Phase 3 trial.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 2:23 pm

Kroger shares are experiencing an uptick in trading following the release of their Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:13 pm