Streetbeat News

Earnings

BBY

CROX

SIG

Retail and e-commerce stocks are up following Target's robust Q3 financial performance, indicating a positive market reaction to the sector's earnings.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:35 pm

BIG

JWN

KSS

TGT

Retail company stocks are up following Target's robust Q3 financial performance, indicating a positive market reaction to the sector's earnings.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:31 pm

BBWI

CHWY

CRWS

DKS

FND

FOSL

ULTA

Retail and e-commerce stocks are up following Target's robust Q3 financial performance, indicating a positive market reaction to strong results in the sector.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:28 pm

TJX

During a conference call, an executive from TJX Companies Inc. projected that the company expects its fourth-quarter sales to be between $15.9 billion and $16.1 billion. Additionally, the company anticipates its adjusted earnings per share (EPS) for the quarter to be in the range of $0.97 to $1.00.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:28 pm

TJX

TJX Companies Inc (NYSE:TJX) reported Q3 FY24 sales of $13.3 billion, surpassing estimates, with comparable store sales up 6%. Gross profit margin expanded to 31.1%, and EPS of $1.03 beat estimates. However, the company's Q4 adjusted EPS forecast was revised down, leading to a 2.96% drop in stock price.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 4:25 pm

MLTX

MoonLake Immunotherapeutics' stock is up following the release of their Q3 earnings per share (EPS) results, which exceeded expectations. The company also announced that its current financial resources, including cash, cash equivalents, and short-term marketable securities, are expected to fully fund its Phase 3 clinical programs.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:10 pm

NKLA

PLUG

Nikola Corporation (NASDAQ:NKLA) stock has risen 8% to $1.11 over the past five sessions after a disappointing earnings report earlier this month. The company reported a gross loss of $125.5 million, an expanded EBITDA loss of $188.6 million, and an adjusted EPS loss of 30 cents, missing consensus estimates. Despite receiving orders for 324 trucks, production issues led to only 3 truck shipments in the quarter. Nikola also faces increased expenses due to a truck recall and aims to achieve profitability by 2025. Nikola shares were also affected by Plug Power Inc's (NASDAQ:PLUG) worse-than-expected Q3 financial results, which led to volatility in the hydrogen industry stocks.

Portfolio Pulse from Henry Khederian

November 15, 2023 | 4:09 pm

SGML

Sigma Lithium's stock price has increased following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:08 pm

AEO

ARCT

ASTS

CHGG

CRMD

IHRT

SIRI

TGT

TRIP

VFC

Target Corporation reported better-than-expected Q3 FY23 results with sales of $25.398 billion and adjusted EPS of $2.10, causing its shares to rise 18.2%. Other stocks also moved higher, including AST SpaceMobile, Arcturus Therapeutics, CorMedix, Gyre Therapeutics, Dada Nexus, Icosavax, iHeartMedia, V.F. Corporation, Wolfspeed, Sigma Lithium, Chegg, Catalent, Vipshop Holdings, Tencent Music Entertainment, Kohl's, Macy's, Sirius XM Holdings, Expedia Group, Crocs, Tripadvisor, and American Eagle Outfitters, following positive earnings reports, upgrades, and partnership announcements.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 4:08 pm

TSLA

WKSP

XPEV

Labor disputes are affecting major automakers like Ford, Stellantis, and General Motors, with potential strikes looming if UAW agreements are rejected. Tesla also faces labor issues in Sweden. In contrast, XPeng and Worksport reported strong Q3 results, with Worksport's North American sales surging and securing significant orders and agreements. Worksport's 'Made in the USA' products and R&D investments position it well in the market. Hyundai, Toyota, and Honda have raised wages, while Tesla's refusal to negotiate in Sweden and price war strategies may impact its margins and market position.

Portfolio Pulse from Upwallstreet

November 15, 2023 | 4:04 pm