Streetbeat News

Earnings

APLD

LEVI

PXD

SAR

XOM

The CNN Money Fear and Greed index moved from 'Extreme Fear' to 'Fear' following the release of recent jobs data. U.S. stocks settled higher on Friday, with the S&P 500 closing the week higher by around 0.48%, while the Dow Jones closed down 0.30% last week. Levi Strauss & Co (NYSE:LEVI) shares fell 0.8% on Friday following third-quarter results, while Pioneer Natural Resources Company (NYSE:PXD) shares jumped more than 10% following a report suggesting Exxon Mobil Corporation (NYSE:XOM) is nearing a $60 billion deal to buy the company. Investors are awaiting earnings results from Saratoga Investment Corp. (NYSE:SAR) and Applied Digital Corporation (NASDAQ:APLD) on Monday.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 12:31 pm

CLMB

Climb Global Solutions, Inc. (NASDAQ:CLMB) has acquired DataSolutions Holdings Limited, a leading IT and security solutions distributor in Ireland and the UK, for $16.3 million. The acquisition is expected to be accretive to earnings and adjusted EBITDA. DataSolutions brings its robust share of the Irish and UK markets to Climb, along with 14 blue-chip vendor partners. The acquisition is expected to enhance Climb's gross profit and adjusted EBITDA margins, and fortify its foundation for long-term growth.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 12:31 pm

PEP

SYY

Wall Street's most accurate analysts have recommended three high-dividend yield stocks in the consumer staples sector: Sysco Corporation (SYY), PepsiCo, Inc. (PEP), and The Coca-Cola Company (KO). Sysco recently reported a 4.1% YoY sales growth in Q4 FY23, missing consensus. PepsiCo and Coca-Cola are scheduled to release their Q3 2023 financial results on October 10 and 24, respectively.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 12:26 pm

INTU

JWN

MRNA

PDCO

Insiders at Moderna, Inc. (MRNA), Patterson Companies, Inc. (PDCO), Intuit Inc. (INTU), and Nordstrom, Inc. (JWN) have recently sold shares. While insider sales can sometimes indicate concern about a company's prospects or overvaluation, they should not be the sole basis for investment decisions. Moderna announced positive data for its combination flu and Covid-19 vaccine, Patterson Companies reported Q1 net sales of $1.58 billion, Intuit reported Q4 EPS of $1.65 and sales of $2.71 billion, and Nordstrom reported Q2 earnings of 84 cents per share.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 12:24 pm

APLD

Applied Digital reported its Q1 adjusted earnings per share (EPS) to be less than $0.01.

Portfolio Pulse from Bill Haddad

October 09, 2023 | 12:15 pm

APLD

Applied Digital (NASDAQ:APLD) reported Q1 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.02) by 150 percent. This is a 125 percent increase over losses of $(0.04) per share from the same period last year. The company also reported quarterly sales of $36.30 million, beating the analyst consensus estimate of $34.58 million by 4.97 percent. This is a 424.26 percent increase over sales of $6.92 million the same period last year.

Portfolio Pulse from Bill Haddad

October 09, 2023 | 12:02 pm

CME

CME Group Inc has reported a higher volume growth for the sixth consecutive quarter due to a strong surge in participation in its global Aluminum futures contract. In Q3, the average daily trading volume (ADV) rose 98% Y/Y to 4,656 contracts. In September, ADV reached a new high of 6,118 contracts, growing 132% Y/Y. The company's industrial metals sector is also showing growth, with a notable acceleration in copper futures. CME shares closed higher by 2.18% at $211.93 on Friday.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 11:41 am

COP

CVX

DIS

LMT

MRTX

NOC

NVDA

QQQ

SPY

XOM

The escalating tensions in the Middle East have dampened the risk-on mood, potentially leading to a bleak start to the week for S&P 500 and Nasdaq. However, gains in energy stocks and defense contractors could partially offset the negative sentiment. Traders are also preparing for the start of the third-quarter reporting season and closely monitoring inflation data. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both fell in premarket trading. Stocks in focus include Walt Disney Co. (NYSE:DIS), Nvidia Corp. (NASDAQ:NVDA), Exxon Mobil Corp. (NYSE:XOM), ConocoPhillips (NYSE:COP), Chevron Corp. (NYSE:CVX), Lockheed Martin Corp. (NYSE:LMT), Northrop Grumman Corporation (NYSE:NOC), and Mirati Therapeutics, Inc. (NASDAQ:MRTX).

Portfolio Pulse from Shanthi Rexaline

October 09, 2023 | 11:28 am

VTS

Vitesse expects its Q4 oil & gas production to average 12,300 to 13,000 Boe per day, up from approximately 11,000 Boe per day in Q3 of 2023. This results in FY23 production of 11,500-11,700 Boe. The company's 2023 capital expenditures are now expected to be $110M-$130M.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 11:08 am

COTY

CTRN

HHH

STAA

Insiders at STAAR Surgical Company (STAA), Howard Hughes Holdings Inc (HHH), Citi Trends, Inc. (CTRN), and Coty Inc. (COTY) have recently made significant purchases of their companies' stocks. STAAR Surgical posted better-than-expected Q2 earnings, Howard Hughes announced a spinoff of a new division, Citi Trends reported a decrease in Q2 FY23 sales but beat analyst estimates, and Coty priced a global offering of 33 million outstanding Class A common stock.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 10:39 am