Streetbeat News

Earnings

AAPL

CEG

DISH

NXPI

PSX

US stocks closed higher on Friday, with major indices recording their best week in 2023 following the release of October's jobs data. The US economy added 150,000 jobs in October, less than the market estimate of 180,000. The Federal Reserve maintained interest rates for a second consecutive time. Apple reported stronger-than-expected Q4 earnings and sales, while Phillips 66 posted downbeat Q3 earnings. Investors are awaiting earnings results from DISH Network, Constellation Energy, NXP Semiconductors, and The Goodyear Tire & Rubber Company.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 7:14 am

KOS

Kosmos Energy (NYSE:KOS) reported Q3 earnings of $0.26 per share, beating the analyst consensus estimate of $0.16 by 62.5%. This is a 36.84% increase from the same period last year. The company also reported quarterly sales of $526.55 million, beating the analyst consensus estimate of $366.82 million by 43.54%. This is a 15.45% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 7:08 am

UMC

United Microelectronics (UMC) reported a year-on-year sales decline of 21.17% for October 2023. The company's revenues for the period were NT$19,191,382, down from NT$24,344,264 in October 2022.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:44 am

ADVM

Adverum Biotechnologies has announced 3-year efficacy and safety results from the OPTIC extension study in patients with Wet AMD at AAO 2023. The results are expected to have a significant impact on the company's future operations.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:28 am

TDC

Teradata Corporation (NYSE:TDC) is expected to report higher Q3 earnings at 42 cents per share, up from 31 cents per share a year ago. The company's revenue is projected to be $437.5 million, compared to $421.61 million in the year-ago period. Teradata's shares gained 3.2% to close at $44.50 on Friday. Several analysts have recently adjusted their price targets for the company, with most maintaining a positive outlook.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 6:25 am

LCID

TSLA

Lucid Group Co. (NASDAQ:LCID) has discounted its electric vehicle prices in the U.S. and Canada, offering 'Air Credit' discounts. The price adjustments come amid a tough industry environment marked by weak demand and aggressive price cuts led by market leader Tesla, Inc. Lucid reported underwhelming deliveries for Q3, missing the consensus estimate. The company is scheduled to announce its Q3 results on Tuesday.

Portfolio Pulse from Shanthi Rexaline

November 05, 2023 | 3:53 pm

AAPL

BILL

CVX

DIS

PODD

Barron's weekend stock picks include Chevron, Apple, Disney, and Insulet. Chevron's stock is down 17% in 2023, but its long-term potential and attractive valuation may provide a 4.5% dividend yield. Apple's recent quarterly report revealed a lack of growth with declining revenue. Disney faces a renewed activist campaign led by Trian Fund Management. KeyBanc Capital Markets downgraded Bill Holdings after a disappointing Q1 outlook. Insulet saw its stock rise by 15% as the company raised its revenue outlook.

Portfolio Pulse from Justin Chan

November 04, 2023 | 8:37 pm

BYDDF

BYDDY

Chinese electric vehicle company BYD Co., Ltd. plans to build its first European car factory in Hungary. The decision was made internally and an announcement will be made at the end of the year. BYD reported Q3 2023 earnings that beat analyst expectations, with sales of 162 billion RMB ($22.1 billion), a 38.49% improvement from the same period a year ago, and a net profit of 9.7 billion RMB, up 81% over the past year.

Portfolio Pulse from Nabaparna Bhattacharya

November 04, 2023 | 6:33 pm

CTRA

DHR

FANG

ILMN

TMO

CNBC market analyst Jim Cramer highlighted key earnings to watch in the energy sector this week, including Coterra Energy Inc. (CTRA) and Diamondback Energy, Inc. (FANG). Other companies to watch include Emerson Electric (EMR), Celsius (CELH), Devon Energy Corporation (DVN), Occidental Petroleum Corporation (OXY), Warner Bros Discovery (WBD), Kellanova (K), Walt Disney Company (DIS), Trade Desk (TTD), Illumina (ILMN), Thermo Fisher Scientific Inc (TMO), and Danaher Corporation (DHR). Cramer's outlook is less hopeful for Illumina, anticipating that lackluster figures could adversely affect related stocks such as Thermo Fisher and Danaher.

Portfolio Pulse from Nabaparna Bhattacharya

November 04, 2023 | 6:22 pm

AAPL

AXP

BAC

BRK-A

BRK-B

CVX

Berkshire Hathaway Inc. reported a significant increase in Q3 operating earnings, driven by strength in insurance businesses. The company's Q3 operating earnings rose to $10.76 billion from $7.65 billion in the year-ago quarter. Insurance underwriting generated earnings of $2.4 billion in Q3, and earnings from insurance investment income increased by $1.1 billion. The company used approximately $1.1 billion to repurchase shares during Q3, and its cash accumulation reached a new record of $157.2 billion. However, the company reported a net loss of $12.77 billion in Q3.

Portfolio Pulse from Nabaparna Bhattacharya

November 04, 2023 | 2:34 pm