Streetbeat News

Earnings

CRM

Salesforce (NYSE:CRM) reported strong Q2 earnings, leading to multiple analysts raising their price targets. The company showed significant growth in AI deals and Data Cloud customers, reinforcing its position as a leader in enterprise-grade AI solutions. Despite macroeconomic challenges, Salesforce's strategic growth pillars and multi-cloud adoption trends contributed to its positive performance.

Portfolio Pulse from Priya Nigam

August 29, 2024 | 2:42 pm

BF

BF/A

BF/B

Brown-Forman Inc reported a Q1 earnings miss with EPS of 41 cents, below the expected 47 cents. Net sales fell 8% to $951 million, with declines in whiskey and tequila sales. The company maintains a cautious outlook for fiscal 2025 amid global uncertainties.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2024 | 2:39 pm

AFRM

Affirm Holdings, Inc. (NASDAQ:AFRM) shares surged after the company reported strong Q4 earnings, beating analyst estimates by 72% and showing a 50% revenue growth year-over-year. The company also provided strong Q1 guidance, leading to multiple analysts raising their price targets. AFRM shares are trading significantly above their 50-day moving average.

Portfolio Pulse from Erica Kollmann

August 29, 2024 | 2:38 pm

FXY

GLD

NVDA

QQQ

SPY

TLT

USO

UUP

XLK

The U.S. economy showed strong growth with a 3% GDP increase in Q2, boosting the U.S. dollar, oil prices, and tech stocks. Defensive assets like bonds and the yen fell as expectations for large rate cuts eased.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 2:21 pm

NTAP

NetApp shares are experiencing a decline following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:08 pm

MSTR

NVDA

Nvidia's pre-earnings performance has led to significant trading activity, with its ETFs splitting in pre-market. Despite Nvidia's Q2 earnings beat, AI crypto tokens have struggled. Meanwhile, MicroStrategy has outperformed Bitcoin and Ethereum, which have recovered from the FTX collapse.

Portfolio Pulse from Akanksha Bakshi

August 29, 2024 | 2:08 pm

HPQ

HP shares rose after the company reported strong Q3 results and increased its share repurchase authorization to $10 billion. The stock initially fell but later recovered.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:06 pm

FLWS

1-800-Flowers.com shares fell after the company reported disappointing Q4 results and announced the retirement of its CFO.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:06 pm

DELL

Dell Technologies Inc. is set to release its Q2 earnings, with analysts expecting a slight decrease in EPS compared to last year. The company is projected to post $24.14 billion in revenue. Recent analyst ratings show a mix of maintained ratings with adjusted price targets.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 2:01 pm

AILE

BCDA

BIG

LUCY

NVDA

U.S. stocks rose with the Dow gaining over 100 points. Nvidia reported strong earnings and announced a $50 billion stock repurchase. BioCardia and Innovative Eyewear shares surged after positive news, while iLearningEngines and Big Lots faced declines due to negative reports.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 2:00 pm