Streetbeat News

Earnings

MSFT

NVDA

Microsoft Corp (MSFT) is in the early stages of its major AI opportunity, with its cloud service Azure growing by 29% due to demand for AI tech stack. The company's acquisition of Activision is expected to strengthen its position in video gaming. Microsoft and Nvidia are currently the best two stocks for artificial intelligence among the 'magnificent seven' stocks, which also include Apple, Amazon, Alphabet, Meta Platforms, and Tesla.

Portfolio Pulse from The Arora Report

October 25, 2023 | 4:12 pm

RUSHA

Rush Enterprises reported its Q3 financial results, following which its shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:09 pm

MKTX

MarketAxess reported worse-than-expected Q3 sales results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:08 pm

ASPA

BKYI

LRN

SFR

SONN

TMO

VICR

Thermo Fisher Scientific Inc. (TMO) reported mixed Q3 results and lowered its FY23 guidance. Abri SPAC I, Inc. (ASPA) shares rose after stockholders approved a merger with DLQ, Inc. BIO-key International, Inc. (BKYI) and Stride, Inc. (LRN) shares increased following Q3 results. Sonnet BioTherapeutics Holdings, Inc. (SONN) shares dropped after pricing a public offering. Appreciate Holdings, Inc. (SFR) shares fell after receiving a Nasdaq delisting notice. Vicor Corporation (VICR) shares fell after Q3 results.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 4:04 pm

GOOG

META

MSFT

NVDA

QQQ

Nvidia Corp's stock is trading lower, impacted by the U.S. Government's immediate additional export restrictions on several of its products. Analysts argue that the impact on Nvidia will be negligible due to its strong position in AI. Meanwhile, Microsoft Corp's earnings news received a positive response, while Alphabet, Inc's Cloud revenue growth failed to impress investors. Meta Platforms, Inc is set to report its quarterly earnings.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 4:02 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) is set to report its Q3 financial results on October 26, 2023. Analysts expect the company to report a revenue of $141.44 billion and earnings per share of 58 cents. The company's previous guidance calls for Q3 revenue to be in the range of $138 billion to $143 billion. Analysts are mostly bullish on Amazon, expecting retail growth, margin improvement, and strong AWS growth. Key items to watch include the company's AWS platform, the 2023 holiday season, the growth of Prime Video subscription, and the company's future AI plans.

Portfolio Pulse from Chris Katje

October 25, 2023 | 4:02 pm

PCG

PG&E (NYSE:PCG) is set to release its latest quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $0.29. The company's past performance shows a pattern of EPS misses and modest share price increases. The stock is currently trading at $16.19, up 4.71% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:02 pm

CNP

CenterPoint Energy (NYSE:CNP) is set to release its latest quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $0.35. The company's past performance shows a pattern of beating EPS estimates but experiencing a slight drop in share price the following day. The stock is currently trading at $27.32, with a 52-week decrease of 2.11%.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:01 pm

LEA

Lear Corporation (NYSE:LEA) is set to release its quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $2.67. The company's past performance shows a trend of share price drops following earnings reports, even when beating estimates. The stock is currently trading at $130.32, down 5.94% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:01 pm

MHK

Mohawk Industries (NYSE:MHK) is set to release its latest quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $2.66. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $78.65, down 20.54% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:01 pm