Streetbeat News

Earnings

AMZN

AVO

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The S&P 500 experienced its largest weekly decline since March 2023, driven by a sell-off in megacap tech stocks like Amazon, Alphabet, and NVIDIA. The CNN Money Fear and Greed index shifted to the 'Fear' zone, indicating declining market sentiment. Despite a positive jobs report, most sectors closed negatively, with real estate being an exception.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 8:13 am

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BKSY

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U.S. stock futures are trading higher, with Oracle, BlackSky Technology, Mission Produce, Hyzon Motors, and Matrix Service being key stocks to watch. Oracle and Mission Produce are set to report earnings, while BlackSky surged due to a NASA award. Hyzon announced a reverse stock split.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 8:10 am

ASO

Academy Sports and Outdoors, Inc. (NYSE:ASO) is set to release its Q2 earnings on Sept. 10, with expected earnings of $2.03 per share and revenue of $1.57 billion. Analysts have mixed ratings, with some maintaining 'Outperform' and others downgrading their ratings. The company declared a quarterly dividend of 11 cents per share.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 7:41 am

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In August, several mid-cap stocks showed significant performance. Polestar Automotive, Upstart Holdings, and Lumen Technologies were among the top performers, with notable stock price increases due to strong quarterly results and strategic developments.

Portfolio Pulse from Lekha Gupta

September 08, 2024 | 6:09 pm

CRL

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INTC

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In August, several large-cap stocks experienced significant declines. Super Micro Computer, Dollar General, Snap, PDD Holdings, Intel, Tencent Music, Gold Fields, Charles River Laboratories, Moderna, and Neurocrine Biosciences were among the worst performers due to various factors such as earnings misses, price target cuts, and strategic challenges.

Portfolio Pulse from Lekha Gupta

September 08, 2024 | 5:05 pm

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In August, Affirm, Shopify, and Starbucks were among the top-performing large-cap stocks. Affirm's shares rose 66.58% due to strong earnings and guidance. Shopify's shares increased by 27.33% following a strong earnings report. Starbucks' stock was up 25.91% as Chipotle's CEO was named its new Chairman and CEO.

Portfolio Pulse from Lekha Gupta

September 08, 2024 | 4:47 pm

AAPL

Apple announced its 'Glowtime' event for the iPhone 16 launch, with potential product discontinuations and OLED display upgrades. Huawei plans a counter event. An analyst suggests the event may not negatively impact Apple's stock.

Portfolio Pulse from Benzinga Neuro

September 08, 2024 | 11:01 am

VEXTF

Vext Science Inc. (OTC:VEXTF) is poised to benefit from Ohio's burgeoning recreational cannabis market, despite facing challenges in Arizona. Ohio's market launch has led to a significant sales increase, positioning Vext as a strong contender among multi-state operators. However, Vext's overall sales declined due to issues in Arizona. Analyst Pablo Zuanic projects a potential fivefold increase in Vext's valuation by late 2025.

Portfolio Pulse from Nicolás Jose Rodriguez

September 07, 2024 | 8:21 pm

AAPL

AMZN

GOOGL

NVDA

QQQ

SOXX

SPY

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The S&P 500, tracked by SPY, saw its largest weekly decline in 18 months due to a weaker labor market report. Tech stocks, tracked by QQQ, and the semiconductor sector, tracked by SOXX, experienced significant drops. Nvidia aims to expand beyond AI chips, Amazon's strong position in e-commerce and AWS is highlighted, and potential financial impacts on Alphabet due to a DOJ trial are discussed. Apple's iPhone 16 launch may initially disappoint, and Tesla's FSD timeline is criticized.

Portfolio Pulse from Michael Cohen

September 07, 2024 | 12:02 pm

GLOB

Globant (NYSE:GLOB) has been analyzed by 15 analysts, showing a range of sentiments from bullish to bearish. The average 12-month price target has increased by 4.41% to $222.07. Analysts have adjusted their ratings and price targets, reflecting a generally positive outlook. Globant's financial performance is strong, with notable revenue growth and net margin, though its ROE is below industry averages.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 9:00 pm