Streetbeat News

Earnings

AFRM

Affirm Holdings Inc (NASDAQ:AFRM) is set to report its Q4 earnings, with analysts expecting revenue of $603.66 million and a loss of 51 cents per share. The company has consistently beaten revenue and earnings estimates in recent quarters. JPMorgan and other analysts have positive ratings on Affirm, citing its partnerships with Shopify, Amazon, and Apple as growth catalysts. Despite a 30% year-to-date decline, analysts see an attractive entry point for the stock.

Portfolio Pulse from Chris Katje

August 27, 2024 | 7:36 pm

PTON

Peloton Interactive Inc (NASDAQ:PTON) shares surged 35% as the company reported its first sales growth in nine quarters, despite a mixed full-year outlook. The company narrowed its losses significantly and improved its free cash flow, driven by increased subscription revenue and cost-cutting measures.

Portfolio Pulse from Upwallstreet

August 27, 2024 | 7:25 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) is set to report its Q2 earnings with Wall Street expecting 97 cents EPS and $958.6 million in revenues. The stock shows mixed technical signals, with a bearish trend but some short-term bullish indicators. Analysts maintain a 'Buy' rating with a 26% upside potential.

Portfolio Pulse from Surbhi Jain

August 27, 2024 | 6:45 pm

AAMC

ADXN

AMWD

CSCI

ENSC

VOXX

U.S. stocks showed mixed performance with the S&P 500 rising by 0.2%. Notable stock movements included Ensysce Biosciences, Addex Therapeutics, and VOXX International, which saw significant gains, while Altisource Asset Management, COSCIENS Biopharma, and American Woodmark experienced declines. American Woodmark's shares fell 11% due to disappointing financial results and a forecasted sales decline.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 6:41 pm

NVDA

Nvidia is set to report its Q2 earnings, with expectations of strong revenue and earnings growth driven by AI and data center demand. Analysts maintain a positive outlook, suggesting any post-earnings dip could be a buying opportunity.

Portfolio Pulse from Chris Katje

August 27, 2024 | 6:33 pm

CAVA

CCL

NCLH

NVDA

PARA

PDD

RCL

SOXX

XLE

Wall Street showed mixed performance as investors await key events, including Nvidia's earnings and a crucial inflation report. Cruise lines rallied, while oil prices and energy stocks fell. Notable stock movements included Paramount Global's decline and CAVA Group's drop due to insider selling.

Portfolio Pulse from Piero Cingari

August 27, 2024 | 5:40 pm

KSS

Kohl's Corporation is expected to report lower year-over-year earnings for Q2, with EPS projected at $0.48 and revenue at $3.61 billion. Despite a 30% stock decline in 2024, the company declared a $0.50 dividend. Kohl's is focusing on new brands and back-to-school sales to boost performance.

Portfolio Pulse from Michael Juliano

August 27, 2024 | 5:38 pm

DIA

NVDA

QQQ

SPY

The Dow Jones Industrial Average (DJIA) reached an all-time high due to a rotation into cyclical and interest rate-sensitive stocks, while AI and semiconductor stocks, including Nvidia, faced selling pressure ahead of Nvidia's earnings report. The options market anticipates a 9% move post-earnings, with the momo crowd expecting a significant upside. Money flows are negative in major tech stocks and ETFs like SPY and QQQ.

Portfolio Pulse from The Arora Report

August 27, 2024 | 4:45 pm

PDD

PDD Holdings Inc. (NASDAQ:PDD) shares fell over 28% after Q2 results, citing increased competition and challenges affecting profits and growth. Analysts adjusted ratings and price targets, with mixed views on future performance.

Portfolio Pulse from Erica Kollmann

August 27, 2024 | 4:08 pm

AAMC

ADXN

AMWD

ENSC

HAIN

VOXX

U.S. stocks mostly fell on Tuesday, with the Dow Jones down 0.16%. Hain Celestial Group reported better-than-expected earnings, while Addex Therapeutics shares surged 39% due to a collaboration milestone. Ensysce Biosciences shares rose 43% after receiving a grant, and VOXX International gained 70% after announcing strategic alternatives. Altisource Asset Management shares dropped 48% after announcing a delisting, and American Woodmark fell 10% due to poor financial results.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 4:04 pm