Streetbeat News

Earnings

SPI

SPI Energy reported Q2 earnings per share (EPS) of $(0.08), unchanged from the same period last year. However, the company's sales increased by 21.23% YoY to $58.90 million, up from $48.58 million.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 7:50 am

NVDA

SOXX

KeyBanc Capital Markets analyst John Vinh is optimistic about Nvidia Corp.'s (NASDAQ:NVDA) Q2 results, citing the company's unique position in monetizing AI trends and limited competitive risks. Vinh reiterated an 'overweight' rating and set a $620 price target for Nvidia. He expects the company's growth to continue in the second half, driven by accelerating AI demand trends and increased supply for high-performance chips. Vinh also anticipates limited impact from potential China export restrictions on data center GPUs. Nvidia's shares ended Friday's session down 0.10% at $432.99.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 7:36 am

NDSN

Nordson Corporation (NASDAQ:NDSN) is expected to report lower Q3 earnings at $2.32 per share, down from $2.49 per share a year ago. The company's revenue might be $665.65 million, slightly up from $662.13 million in the year-ago period. Nordson shares fell 0.5% to close at $232.33 on Friday. Several analysts have recently updated their price targets for the company, with most maintaining positive ratings.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 4:23 am

CLF

KVUE

PANW

TSLA

XPEV

Barron's weekend stock picks include Tesla, XPeng, and U.S. Steel. Tesla's stock fell due to China Evergrande Group's bankruptcy and Elon Musk's stance on price cuts. Palo Alto Networks' stock rose after exceeding revenue estimates. XPeng's stock fell despite beating Q2 earnings estimates, likely due to China Evergrande Group's bankruptcy. Kenvue is facing lawsuits over its painkiller, Tylenol. U.S. Steel is in the midst of an acquisition battle, with the United Steelworkers supporting a bid by Cleveland-Cliffs.

Portfolio Pulse from Justin Chan

August 19, 2023 | 6:47 pm

FSR

TSLA

VFS

XPEV

Electric vehicle stocks fell last week due to fears of more interest rate hikes by the Federal Reserve. Tesla's stock fell after it cut prices of its Model S, Model X, and Model Y vehicles in China, which was seen as a desperate move to attract customers amid challenging demand and competitive pressure. However, rumors suggest Tesla's refreshed Model 3 EV, referred to as “Highland,” will arrive at showrooms in China later this month. Fisker signed an agreement with Tesla to adopt the latter's North American Charging Standard for its first vehicles. XPeng reported a record quarterly loss of 2.7 billion yuan despite its sales meeting expectations. VinFast Auto made a strong debut on the Nasdaq but retreated over the remainder of the week.

Portfolio Pulse from Shanthi Rexaline

August 19, 2023 | 11:23 am

TSLA

SpaceX's expenses reportedly increased to $5.2 billion last year from $3.3 billion due to rising research and development costs. Despite this, the company managed to reduce losses to $559 million from $968 million a year ago, thanks to a doubling in revenue. SpaceX also made a small profit of $55 million in Q1 2021. The company spent $1.3 billion on research and development last year, a portion of which is expected to be tied to the Starship project.

Portfolio Pulse from Anan Ashraf

August 19, 2023 | 10:22 am

TSLA

VWAGY

XPEV

XPeng Inc. (NYSE:XPEV) has stated that Tesla Inc.'s (NASDAQ:TSLA) price cut strategy in the Chinese market has not impacted its sales. XPeng's G6 model has become a bestseller in its price segment and the company plans to scale production volume. XPeng also mentioned its collaboration with Volkswagen (OTCPK: VWAGY) to develop EV platforms. The company expects its gross margin to become positive in the fourth quarter.

Portfolio Pulse from Anan Ashraf

August 19, 2023 | 8:37 am

TSLA

SpaceX's expenses reportedly increased to $5.2 billion last year from $3.3 billion a year ago due to rising research and development costs. Despite this, the company managed to reduce losses to $559 million from $968 million a year ago, thanks to a doubling in revenue. The company also made a small profit of $55 million in Q1 2021. Last year, $1.3 billion was spent on research and development, a 11% increase year-on-year. The company has been investing in its Starship project and expanding its Starlink constellation.

Portfolio Pulse from Anan Ashraf

August 19, 2023 | 7:38 am

ADIL

AYTU

IONM

TTOO

Several healthcare stocks experienced significant movement in Friday's after-market session. Adial Pharmaceuticals, Aytu BioPharma, Timber Pharmaceuticals, Mainz Biomed, Processa Pharma, and AIM ImmunoTech saw gains, while Assure Hldgs, T2 Biosystems, Biote, OpGen, Biophytis, and NeuroBo Pharmaceuticals experienced losses. Q2 earnings reports were recently released for several of these companies.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 9:32 pm

GTEC

Greenland Technologies (NASDAQ:GTEC) is set to release its latest quarterly earnings report on August 21, 2023. Analysts estimate an earnings per share (EPS) of $0.03. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $1.53, down 57.3% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 9:00 pm