Streetbeat News

Earnings

NTRB

Nutriband (NASDAQ:NTRB) reported Q2 losses of $(0.11) per share, an 8.33% improvement from $(0.12) per share YoY. Sales for the quarter were $655.93K, a 43.80% increase from $456.15K YoY.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:07 am

AAPL

CASY

FCEL

ORCL

QQQ

SPY

TSLA

The S&P 500 and Nasdaq are expected to rebound due to strength in Tesla and Apple. However, a possible UAW strike and caution ahead of August inflation data could temper sentiment. Oracle's earnings, treasury yields, and oil prices will be in focus. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained in premarket trading. Tesla and Apple stocks also rallied in premarket trading. FuelCell Energy and Oracle are due to report their quarterly results.

Portfolio Pulse from Shanthi Rexaline

September 11, 2023 | 10:44 am

Cigna officials have stated that they expect to reaffirm their projected FY23 consolidated adjusted EPS from operations outlook of at least $24.70, slightly below the estimated $24.81.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:25 am

NIO

Chinese EV manufacturer Nio Inc (NYSE:NIO) is set to unveil its new EC6 SUV online on Sept. 15. The company's CEO, William Li, stated that while EC6 deliveries will commence in September, it will take some time for production and delivery to scale up. Nio delivered 19,329 vehicles in the previous month, marking an 81% YoY increase. For Q3, the company anticipates delivering between 55,000 and 57,000 units, reflecting a robust 74% to 80.3% YoY growth. Nio also projects Q3 revenue of $2.61 billion to $2.69 billion, a 45% to 50% YoY expansion.

Portfolio Pulse from Anan Ashraf

September 11, 2023 | 9:53 am

AVO

BIOX

BOWL

CASY

FCEL

MTRX

ORCL

SKIL

Several companies are scheduled to report their quarterly earnings on September 11, 2023. These include Bowlero, FuelCell Energy, Oracle, Casey's General Stores, Bioceres Crop Solutions, Mission Produce, Matrix Service, and Skillsoft.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:30 am

BOWL

CASY

ORCL

SMTC

TNON

Oracle Corporation, Tenon Medical, Bowlero Corp., Semtech Corporation, and Casey's General Stores are the stocks to watch heading into Monday. Oracle and Casey's are expected to report their quarterly earnings after the closing bell. Tenon Medical announced a proposed public offering of common stock. Bowlero is expected to release its earnings before the markets open. Semtech named Mark Lin as its new Executive Vice President and CFO.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 7:12 am

ASX

ASE Technology's net revenues for August 2023 have declined by 22.4% YoY to $1.66B, although they have increased sequentially by 5.9%. The company's ATM revenue fell by 18% YoY.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:06 am

BOWL

CASY

DOCU

ORCL

The CNN Money Fear and Greed index showed a slight improvement in investor sentiment on Friday, despite losses in the stock market last week due to concerns over potential interest rate hikes by the US Federal Reserve. DocuSign (DOCU) shares fell 3.7% after Q2 earnings beat and strong guidance, while Kroger (KR) shares gained over 3% following upbeat quarterly earnings and an opioid settlement agreement. Investors are awaiting earnings results from Casey's General Stores (CASY), Bowlero Corp. (BOWL), and Oracle Corporation (ORCL).

Portfolio Pulse from Lisa Levin

September 11, 2023 | 6:40 am

AAPL

ADBE

DOCU

GRPN

Barron's has covered several stocks in its weekend review. Coca-Cola (KO) has been struggling despite beating Q2 earnings and sales expectations due to investor concerns over the consumer staples sector. Apple (AAPL) is expected to recover after a two-day decline. Groupon (GRPN) is seen as a bargain by Windward Management, especially in the face of inflation. Adobe (ADBE) has received a buy rating ahead of earnings due to its foray into AI and other positive factors. DocuSign (DOCU) is facing macro pressures despite beating expectations.

Portfolio Pulse from Justin Chan

September 09, 2023 | 11:24 pm

FSR

HMC

LCID

NKLA

TSLA

The week ending on Sept. 8 saw a general downtrend in electric vehicle (EV) stocks, with some exceptions like Tesla. Key events included Tesla's Giga Shanghai plant producing its 2 millionth vehicle, and the company's focus on robotaxis. Deutsche Bank flagged risks to Tesla's Q3 production and deliveries. Lucid Group's CEO was reported as the highest paid automotive CEO in 2022, while the company struggles with production and deliveries. Fisker plans to increase production of its Ocean electric SUV. Nikola faced more fire incidents with its Trey electric semi-trucks. Honda adopted Tesla's North American Charging Standard for its future EV models.

Portfolio Pulse from Shanthi Rexaline

September 09, 2023 | 2:40 pm