Streetbeat News

Earnings

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) reported Q2 earnings of 33 cents per share, beating the analyst consensus estimate of 32 cents. The company also reported quarterly sales of $1.34 billion, surpassing the analyst consensus estimate of $1.33 billion. However, the company's shares traded lower after Morgan Stanley cut the price target from $68 to $65. B. Riley Securities raised the price target from $75 to $77. The article also discusses how investors can earn a regular monthly income from Marvell's dividend yield.

Portfolio Pulse from Priya Nigam

August 28, 2023 | 12:39 pm

AMGN

CVS

PFE

The most accurate Wall Street analysts recommend holding three high-yielding healthcare stocks: Pfizer Inc. (PFE), Amgen Inc. (AMGN), and CVS Health Corporation (CVS). These companies have dividend yields of 4.50%, 3.32%, and 3.59% respectively. Recent news includes FDA approval of Pfizer's Abrysvo vaccine, Amgen's strong Q2 earnings and raised FY23 outlook, and CVS Health's better-than-expected Q2 financial results.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 12:21 pm

DXC

MRNA

ROST

VRTX

Insiders at Moderna, DXC Technology, Vertex Pharmaceuticals, and Ross Stores have recently sold significant amounts of shares. The reasons for these sales are not clear, but they could be due to preplanned sales or concerns about the companies' prospects. Moderna and a Chinese biotech are collaborating on a cancer vaccine, DXC Technology reported disappointing Q1 results, Vertex Pharmaceuticals' Q2 sales increased 14%, and Ross Stores reported better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 12:17 pm

BZUN

Chinese e-commerce solutions provider Baozun Inc reported a Q2 FY23 revenue growth of 9.3% YoY to $319.97 million, missing the consensus of $345.95 million. Non-GAAP EPS loss per ADS was $(0.01) vs. the consensus loss of $(0.03). The company's stock has lost 36% year-to-date. BZUN shares traded higher by 2.71% at $3.79 premarket on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

August 28, 2023 | 12:00 pm

ATR

HWKN

INTR

The article identifies three overbought stocks in the materials sector that may be overvalued: Inter & Co, Inc. (NASDAQ:INTR), AptarGroup, Inc. (NYSE:ATR), and Hawkins, Inc. (NASDAQ:HWKN). All three companies recently posted positive earnings, but their high Relative Strength Index (RSI) values suggest they may be overbought.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 11:53 am

KT Corporation reported Q2 earnings per share (EPS) of 1578 Korean Won, up from 1325 Korean Won year over year (YoY). Sales also increased to 6.55 trillion Korean Won from 6.31 trillion Korean Won YoY.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 11:51 am

CBSH

FNKO

FWRD

Insiders at NiSource Inc., Forward Air Corporation, Commerce Bancshares, Inc., and Funko, Inc. have recently made notable purchases of their companies' stocks. NiSource's CEO acquired shares worth around $1.06 million, despite the company posting weaker-than-expected quarterly earnings. Forward Air's COO bought shares as ClearBridge Investments urged the company to reconsider its intention to buy Omni Logistics. Commerce Bancshares' Director bought shares following the company's upbeat quarterly results. Funko's 10% owner bought shares after the company reported a second-quarter earnings miss and issued weak guidance.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 11:49 am

APGE

Apogee Therapeutics reported a Q2 net loss of $18.90M, a significant increase from the $1.80M loss reported in the same period last year. However, the company raised $345M in gross proceeds from an upsized IPO, which is projected to provide an operating runway into the 4Q of 2026.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 11:35 am

FSR

Fisker Inc (NYSE:FSR) has expanded into three new European markets - Belgium, the Netherlands, and Switzerland. The company plans to establish retail locations and service centers in these regions, with deliveries starting by the end of September. Fisker also released information on the Fisker Alaska pickup truck, which will be built in the U.S. and has an estimated base price of $45,400. The company reported Q2 FY23 sales of $825,000, missing the analyst consensus of $20.40 million, but beating the EPS loss estimate.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 11:28 am

BETR

Better Home & Finance (NASDAQ:BETR) reported H1 sales of $51.10 million, with a net loss of $135.4 million.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 11:21 am