Streetbeat News

Earnings

KNW

MCLD

MLKN

PIXY

SPRC

STSS

US stocks traded lower with the Dow Jones falling over 100 points. US durable goods orders increased 0.2% MoM in August, beating market expectations for a 0.5% fall. ShiftPixy, SciSparc, and MillerKnoll saw their shares rise after announcing reverse stock splits and better-than-expected financial results respectively. mCloud Technologies, Sharps Technology, and Know Labs saw their shares drop due to non-compliance with Nasdaq listing requirements and public offerings.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 4:00 pm

ADC

BBY

WMT

Agree Realty Corp. (NYSE:ADC), a real estate investment trust (REIT), has seen significant insider buying over the past two months, even as overall REIT share prices have declined. The company's shares are now available at prices below what insiders have recently paid. Despite a disappointing Q2 earnings report, the company's numbers were still improving YoY. Analysts are mildly bullish on Agree Realty, with Citigroup maintaining a neutral rating and Wells Fargo initiating coverage with an Overweight rating.

Portfolio Pulse from Ethan Roberts

September 27, 2023 | 3:11 pm

TRT

Trio-Tech Intl (AMEX:TRT) reported a decrease in Q4 earnings and sales YoY. Earnings per share fell by 78.95% to $0.04 from $0.19, and sales dropped by 23.28% to $9.08 million from $11.83 million.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 3:10 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) shares fell in after-hours trading despite beating Q4 earnings expectations. Analysts from Truist Securities, BMO Capital Markets, Telsey Advisory Group, and William Blair maintained positive ratings and raised price targets. Strengths highlighted include solid top-line results, robust customer traffic, strong membership renewals, effective inflation management, and impressive gross margin expansion.

Portfolio Pulse from Priya Nigam

September 27, 2023 | 3:06 pm

WGO

Winnebago Industries (NYSE:WGO) is set to distribute a dividend payout of $0.31 per share, resulting in an annualized dividend yield of 1.93%. The company has shown an upward trend in dividend per share and earnings per share from 2019 to 2022. Ford Motor (NYSE:F) leads the industry with the highest annualized dividend yield at 4.83%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 3:05 pm

EFSH

IEP

Icahn Enterprises (NASDAQ:IEP) is set to pay a dividend of $1.00 per share on September 27, 2023, with an annualized dividend yield of 11.85%. The company has maintained a stable dividend per share of $8.00 from 2019 to 2022. However, its earnings per share have declined from $3.40 in 2019 to $-1.44 in 2022, raising concerns about future cash dividend payouts. 1847 Holdings (NYSE:EFSH) leads the industry with the highest annualized dividend yield at 1608.65%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 3:05 pm

Micron Technology, Inc. (NASDAQ:MU) is expected to report a quarterly loss of $1.18 per share for its fiscal fourth quarter, compared to year-ago earnings of $1.45 per share. The company’s revenue might come in at $3.91 billion, compared to $6.64 billion in the year-ago period. Several analysts have maintained a Buy rating on the stock and raised their price targets ahead of the earnings call.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 2:49 pm

AAPL

AMZN

BTCUSD

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Positive sentiment is returning to the stock market due to window dressing and good data from China. Invesco QQQ Trust Series 1 (NASDAQ:QQQ) is oversold and bouncing back. Chinese industrial profits rose 17.2% YoY, boosting stocks in Hong Kong and global sentiment. Investors are watching the potential U.S. government shutdown. Durable orders remain strong. Micron Technology Inc (NASDAQ:MU) will report earnings after market close. Money flows are positive in Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA), SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).

Portfolio Pulse from The Arora Report

September 27, 2023 | 2:44 pm

PAYX

Paychex reported better-than-expected Q1 adjusted EPS results and issued FY24 adjusted EPS guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 2:21 pm

ASML

A significant investor has taken a bearish stance on ASML Holding (NASDAQ:ASML), with 61% of investors opening trades with bearish expectations. The majority of the trades spotted are puts, totaling $607,654, compared to calls totaling $241,580. Whales have been targeting a price range from $500.0 to $740.0 for ASML Holding over the last 3 months. The price of ASML is currently up 1.32% at $580.27, and the next earnings are expected in 21 days.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:17 pm