Streetbeat News

Earnings

KMX

Analysts from RBC Capital Markets and Needham have lowered their price targets and EPS estimates for CarMax Inc (KMX) due to weaker-than-expected Q2 results, growing affordability issues, and increased competition. KMX's Q2 net revenues were down 13.1% YoY. The decline in Comp Used Vehicle units by 9% was worse than the industry average of 4-5%. KMX's stock is currently trading higher by 2.12%.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 5:13 pm

GETY

NVDA

Benchmark analyst Mark Zgutowicz has reiterated a Buy rating on Getty Images Holdings, Inc. (GETY), raising the price target to $8 from $7. This follows a demo of Getty's Generative AI product, powered by NVIDIA Corporation (NVDA). Zgutowicz expects to see supportive metrics of GenAI demand as early as 4Q earnings. The analyst also expects the partnership with NVIDIA to provide an attractive scale due to NVIDIA's computing and GPU advantages.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 5:11 pm

NKE

SFIX

Nike, Inc. (NYSE:NKE) and Stitch Fix, Inc. (NASDAQ: SFIX) were mentioned in an article discussing the use of the Relative Strength Index (RSI) to identify oversold stocks. Nike, which had an RSI of less than 20, indicating it was oversold, reported mixed earnings, beating on earnings but missing on revenue. Despite the mixed report, the stock spiked nearly 8% after hours. The article suggests that another oversold company with stronger fundamentals than Nike is likely to experience a similar bounce on slightly-better-than-expected earnings.

Portfolio Pulse from David Pinsen

September 29, 2023 | 4:49 pm

KMX

CarMax shares are trading higher after a rebound from a drop that followed its Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:25 pm

CCL

Carnival Corporation reported its Q3 financial results and issued guidance, following which its shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:16 pm

NKE

UA

UAA

Under Armour Inc's shares are trading higher by roughly 4.6% to $6.38. This increase is potentially due to Nike Inc's strong first-quarter financial results, as both companies compete in the athletic apparel and footwear market. Positive results from Nike may reflect favorably on Under Armour's brand perception and suggest robust market demand.

Portfolio Pulse from Henry Khederian

September 29, 2023 | 4:07 pm

DBI

LULU

M

NKE

PTON

Nike Inc reported Q1 revenue that missed Wall Street’s expectations for the first time in two years, while beating earnings and gross margin expectations. Nike has reestablished its wholesale partnerships with Macy’s Inc and Designer Brands Inc to clear excess inventories. Lululemon Athletica Inc has teamed up with Peloton Interactive Inc in a five-year strategic global partnership. Nike's sales rose across regions except North America. Nike maintained its full year guidance.

Portfolio Pulse from Upwallstreet

September 29, 2023 | 3:48 pm

MTN

Vail Resorts reported its Q4 financial results, which led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 3:43 pm

MDT

There has been a significant option activity on Medtronic (MDT) with a sweep of 2325 calls at $79, significantly higher than the open interest of 105. The company is due to report earnings on 11/21 before the market opens.

Portfolio Pulse from Charles Gross

September 29, 2023 | 3:25 pm

TPPRF

Top Strike Resources Corp., doing business as Vencanna Ventures, reported a YoY decrease in Q1 2024 revenue and an increase in loss. The company's revenue was CA$40,815 ($30,246), compared to CA$181,139 in the same quarter of last year. The loss for the period was CA$196,085, up from CA$96,853 in the corresponding period of last year. The company plans to expand in New Jersey and has amended its agreement with Cannavative to acquire all its membership units.

Portfolio Pulse from Jelena Martinovic

September 29, 2023 | 3:16 pm