Streetbeat News

Earnings

QQQ

SPY

TLT

The U.S. CPI inflation rate is expected to decrease from 3.7% in September to 3.3% in October, marking the first drop since June 2023. The report, due for release by the Bureau of Labor Statistics, is being closely watched for its implications on future interest rate adjustments. Fed Chair Jerome Powell has indicated that the inflation target of 2% is still distant. Bank of America economists predict a possible increase in core inflation, which could lead to another rate hike in December. Ahead of the CPI release, ETFs like SPY and QQQ experienced minor downturns, while TLT also dipped, reflecting investor caution.

Portfolio Pulse from Piero Cingari

November 13, 2023 | 5:32 pm

AIRTP

AREB

BWEN

DCFC

FREY

IPDN

KRT

NCNC

SHPW

SPPL

VINO

XOS

In Monday's intraday session, several industrial stocks experienced significant movements. Xos, FREYR Battery, Shapeways Holdings, Simpple, Professional Diversity, and Karat Packaging were among the gainers, with Xos leading at a 23.6% increase. On the losing side, noco-noco, American Rebel Holdings, Broadwind, Air T, Gaucho Group Holdings, and Tritium DCFC saw their stock prices decline, with noco-noco dropping by 19.7%. Most companies mentioned had recent Q3 earnings reports, which likely influenced their stock movements.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:31 pm

AIRG

APLD

ARQQ

ATGL

CCSI

CYN

GREE

INTZ

NABL

ONDS

VUZI

WETG

In Monday's intraday session, several IT stocks experienced significant movements. Cyngn, Airgain, Alpha Technology Group, Consensus Cloud Solutions, Arqit Quantum, and Ondas Holdings saw their shares rise, with reported increases ranging from 12.48% to 19.8%. On the other hand, Applied Digital, Vuzix, WeTrade Group, Intrusion, N-able, and Greenidge Generation Holdings faced declines between 10.64% and 22.1%. The movements were largely attributed to recent Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:31 pm

AMAT

Applied Materials Inc. (NASDAQ:AMAT) stock price dropped 1.15% to $148.95 in the current market session. Despite this, the stock has increased by 4.95% over the past month and 35.61% over the past year. The P/E ratio of AMAT is 19.88, which is lower than the industry average of 47.27, suggesting it may be undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:15 pm

ACRS

MNTK

MYNZ

TENX

TIVC

TSN

VERV

U.S. stocks were mostly higher with the Dow Jones up by 100 points. Energy shares led gains, while utilities fell. Tyson Foods (TSN) reported better-than-expected Q4 earnings but missed on sales forecasts. Tenax Therapeutics (TENX) surged after FDA clearance for a heart failure treatment. Tivic Health (TIVC) rose following a positive analysis, and Montauk Renewables (MNTK) gained on an upgrade and new price target. Aclaris Therapeutics (ACRS) plummeted after disappointing trial results, Mainz Biomed (MYNZ) fell on a direct offering announcement, and Verve Therapeutics (VERV) dropped after clinical trial data.

Portfolio Pulse from Lisa Levin

November 13, 2023 | 5:03 pm

TRVN

Trevena (NASDAQ:TRVN) is scheduled to release its quarterly earnings report on November 14, 2023, with an expected EPS of $-0.15. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Trevena's stock price has shown varied reactions to past earnings performances, with a notable 2.63% drop after beating EPS last quarter. Over the past year, TRVN shares have declined by 83.53%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:02 pm

VNRX

VolitionRX (AMEX:VNRX) is scheduled to release its quarterly earnings report on Tuesday, 2023-11-14, with analysts expecting an EPS of $-0.13. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, VolitionRX's stock price has shown mixed reactions to past earnings performances. The stock is currently trading at $0.8799, down 51.87% over the last 52 weeks. Shareholders are likely concerned as they approach this earnings release.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:02 pm

AREN

Arena Group Holdings (AMEX:AREN) is expected to release its quarterly earnings report on Tuesday, 2023-11-14, with an estimated EPS of $-0.38. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, AREN's stock price has been affected more by guidance than by earnings beats or misses. Last quarter, AREN missed the EPS estimate by $0.08, resulting in a 10.95% increase in share price the following day. Over the past year, AREN shares have decreased by 76.27%, trading at $3.5 as of November 10.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:02 pm

AREC

American Resources Corporation (NASDAQ: AREC) is scheduled to release its quarterly earnings report on November 14, 2023. Analysts predict an EPS of $-0.14. Investors are looking for an earnings beat and positive guidance for future growth. Historical data shows that the company's stock price is significantly affected by earnings performance and guidance. Last quarter, AREC missed EPS estimates by $0.05, resulting in a 22.41% share price drop the following day. Over the past year, AREC shares have declined by 27.37%, indicating potential dissatisfaction among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:01 pm

SGBX

Safe & Green Holdings (NASDAQ:SGBX) is scheduled to release its quarterly earnings report on November 14, 2023. Analysts predict an EPS of $-0.36. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, SGBX's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.14, resulting in a 1.33% share price drop the following day. Over the past year, SGBX shares have declined by 19.19%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:01 pm