Streetbeat News

Earnings

FINV

QFIN

YRD

Yiren Digital Ltd. (NYSE:YRD) reported a 13% revenue growth in Q2, driven by small revolving loans. Despite increased provisions for bad debt, Yiren's loan quality remains stable compared to peers. The company plans to pay semi-annual dividends and has a low P/E ratio, making it an attractive investment despite profit declines.

Portfolio Pulse from The Bamboo Works

August 28, 2024 | 2:01 pm

ATPC

BOF

BSLK

NBIX

SJM

SMCI

VRAX

U.S. stocks showed mixed performance with the Dow Jones rising, while NASDAQ and S&P 500 fell. J.M. Smucker reported strong quarterly earnings but lowered its annual guidance, impacting its stock. Several other stocks experienced significant price movements due to various announcements.

Portfolio Pulse from Avi Kapoor

August 28, 2024 | 2:00 pm

BRK/A

BRK/B

NVDA

Berkshire Hathaway has reached a $1 trillion market cap, marking a significant milestone. Retail stocks showed mixed performance following earnings reports. NVIDIA is set to report its earnings after the market close.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:59 pm

NVDA

Kelly Greer from Galaxy Digital attributes a $1 billion Bitcoin sell-off to technical factors and poor liquidity ahead of Nvidia's earnings. The sell-off involved over 17,000 BTC and is linked to slow distributions from custodians. Nvidia's earnings report could lead to significant stock price movements.

Portfolio Pulse from Khyathi Dalal

August 28, 2024 | 1:58 pm

FSTA

WMT

XLP

Walmart Inc. (NYSE:WMT) is trading higher premarket after announcing new initiatives for the holiday season, including category expansion and multichannel fulfillment. The company also sold its stake in JD.com Inc. (NASDAQ:JD) and reported strong earnings. Investors can gain exposure through ETFs like SPDR Select Sector Fund – Consumer Staples (NYSE:XLP) and Fidelity MSCI Consumer Staples Index ETF (NYSE:FSTA).

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 1:39 pm

HIVE

Hive Digital Technologies Ltd (NASDAQ:HIVE) has reported a significant earnings beat, with quarterly earnings of 3 cents per share, surpassing analyst expectations. Sales also exceeded estimates, reaching $32.20 million. The stock has triggered a Golden Cross, indicating potential upward momentum, although caution is advised due to possible volatility.

Portfolio Pulse from Surbhi Jain

August 28, 2024 | 1:36 pm

MARA

MSTR

NVDA

TSLA

The article covers a range of topics including a surge in Bitcoin millionaires, challenges faced by major crypto companies like Binance, and the impact of the crypto market downturn on companies like Tesla, MicroStrategy, and Marathon. It also discusses the flatlining of Nasdaq and S&P 500 futures ahead of Nvidia's earnings report, and the doubling of public EV chargers since Biden took office.

Portfolio Pulse from Akanksha Bakshi

August 28, 2024 | 1:29 pm

PDCO

Patterson Companies Inc. (NASDAQ:PDCO) reported a 2.2% decline in Q1 2025 net sales, missing Wall Street expectations. The shortfall was attributed to a cyberattack on Change Healthcare and timing of corporate expenses. Adjusted EPS also missed consensus, leading to a 9.11% drop in premarket stock price.

Portfolio Pulse from Vandana Singh

August 28, 2024 | 1:28 pm

ANF

PEZ

ULTY

Abercrombie & Fitch Co (NYSE:ANF) reported strong Q2 earnings with sales and EPS beating estimates. Despite positive results, ANF shares fell 10% premarket. The company raised its FY24 sales growth outlook and operating margin forecast. Investors can access ANF via ETFs like ULTI and PEZ.

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 1:23 pm

NVDA

Ray Wang of Constellation Research believes Big Tech is both a safe haven and a growth driver for investors, especially as Nvidia's earnings approach. Despite centralization in the tech industry, Nvidia's AI investments are pivotal, potentially causing significant market value fluctuations.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 1:05 pm