Streetbeat News

Earnings

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher after the company announced its highest weekly admissions revenue in company history. This was driven by the releases of 'Barbie' and 'Oppenheimer'. The company also saw strong demand for 'Haunted Mansion', 'Mission: Impossible - Dead Reckoning Part One' and 'Sound Of Freedom'. AMC is set to report second-quarter financial results on Aug 8, with an expected loss of 5 cents per share on revenue of $1.268 billion.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 2:41 pm

SPKY

SPY

UVXY

Ahead of a big earnings week, the SPDR S&P 500 (NYSE:SPY) traded flat while the CBOE Volatility Index (CBOE: VIX) rose by 4.5%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY), a 1.5x leveraged fund, also traded flat. The SPKY's double inside bar pattern leans bullish, indicating a potential upward break. However, if the ETF breaks down under $4.55, a downtrend is likely to resume.

Portfolio Pulse from Melanie Schaffer

July 31, 2023 | 2:40 pm

IRS

REFI

RMR

SOHO

The article identifies five value stocks in the real estate sector: Ready Capital (NYSE:RC), Chicago Atlantic Real (NASDAQ:REFI), RMR Gr (NASDAQ:RMR), IRSA Inversiones y (NYSE:IRS), and Sotherly Hotels (NASDAQ:SOHO). These companies are considered undervalued based on their low P/E multiples. The article also provides updates on each company's earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 2:39 pm

IMGN

ImmunoGen shares are trading lower following the company's Q2 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 2:37 pm

CVX

Goldman Sachs has upgraded Chevron Corp (NYSE:CVX) from Neutral to Buy and set a $187 price target. The upgrade is based on a cash flow inflection point that should set the company up for increased capital returns at a more attractive valuation. The Goldman analyst expects Chevron to add approximately $1.5 billion to earnings in 2026, driven by improving crude oil flows. Chevron has underperformed the broader energy sector over the last year, but the Goldman analyst expects that to change in the years ahead.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 2:36 pm

NEWR

New Relic reported better-than-expected Q1 financial results and announced it will be acquired by Francisco Partners and TPG for $6.5 billion. This news has led to a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 2:34 pm

ACAX

FOXO

FWAC

SILC

UFAB

YELL

U.S. stocks traded slightly higher with the Dow Jones gaining around 20 points. ON Semiconductor Corporation (NASDAQ:ON) reported upbeat Q2 results, beating market expectations. Yellow Corporation (NASDAQ:YELL) shares shot up 97% after reportedly terminating its operations. Shares of FOXO Technologies Inc. (NYSE:FOXO) and Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) also rose significantly. However, shares of Unique Fabricating, Inc. (NASDAQ:UFAB), Alset Capital Acquisition Corp. (NASDAQ:ACAX), and Silicom Ltd. (NASDAQ:SILC) fell.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 2:31 pm

APLS

Apellis Pharmaceuticals reported its Q2 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 2:22 pm

SILC

Silicom Ltd's shares have dropped by over 23% following lower-than-expected Q2 results. Despite a YoY revenue growth of 12% to $38.13 million, the company's non-GAAP EPS fell to $0.66 from $0.70 a year ago. Silicom plans to accelerate its $15 million Share Repurchase Plan and expects Q3 revenue to be between $30 million and $31 million, significantly lower than the analyst consensus of $44.06 million. The company cites macroeconomic headwinds and supply chain issues as reasons for the slowdown.

Portfolio Pulse from Lekha Gupta

July 31, 2023 | 2:19 pm

SNAP

Snap shares are trading higher, rebounding after a drop following its recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 2:15 pm