Streetbeat News

Earnings

NVDA

UBS analyst Timothy Arcuri has maintained a Buy rating on Nvidia Corp (NASDAQ:NVDA) and raised the price target from $475 to $540. Arcuri has substantially raised estimates ahead of Nvidia's earnings next week, with a Q3 revenue projection of $14.5 billion. He also sees Nvidia's EPS tracking to ~$10 this year and ~$17 in FY25. Wells Fargo analyst Aaron Rakers reiterated Nvidia with an Overweight and raised the price target from $450 to $500.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 3:53 pm

OPRX

OptimizeRx Corporation's shares are trading lower following the company's disappointing Q2 revenue results. Several firms have also reduced their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:34 pm

ACELYRIN

ACELYRIN reported its Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:30 pm

CUEN

CUENW

Cuentas, Inc. (NASDAQ:CUEN) (NASDAQ:CUENW) has filed its 2023-Q2 10Q, highlighting progress in its multiple businesses. The company reported increased assets, reduced losses, and new opportunities for 2024. Assets increased by 249% from Dec 31, 2022, to June 30, 2023, while liabilities increased by only 1.7%. Total stockholders' Equity increased from -$724k to $1,471, a positive difference of $2,195k. Net Loss decreased from -$3.1M to -$1.4M for Q2- 2022 vs Q2-2023.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:28 pm

TJX

WMT

Home Depot (NYSE:HD) reported Q2 earnings, beating both revenue and earnings estimates despite a 2% YoY drop in revenue to $42.92 billion. The company reiterated its muted full-year guidance, expecting sales to drop between 2% and 5% YoY. Home Depot CFO Richard McPhail noted that consumers are not keen on making big-ticket discretionary purchases, but the number of shopper transactions began to rise. Walmart Inc (NYSE:WMT) and The TJX Companies Inc (NYSE:TJX) are also set to release their quarterly results.

Portfolio Pulse from Upwallstreet

August 15, 2023 | 3:26 pm

AEY

ADDvantage Technologies Group reported a year-over-year decrease in Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:24 pm

SYTA

Siyata Mobile reported better-than-expected Q2 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:23 pm

CSSE

Chicken Soup For The Soul Entertainment (CSSE) reported worse-than-expected Q2 revenue results, leading to a drop in its share price. Multiple firms also downgraded the stock and lowered their price targets.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:21 pm

BLNK

Blink Charging Co (NASDAQ:BLNK) is expanding its presence in Latin America, planning to launch region-specific products. The company has sold or deployed over 2,100 EV chargers across eight countries since entering the region in 2020. Blink plans to launch DCFC, commercial and residential Level 2 chargers fitted with GB/T plugs in the next few months. The company also plans to enter Brazil, Argentina, and Peru markets. Blink reported a Q2 EPS loss of $(0.44), beating the consensus of $(0.49), and sales of $32.84 million, beating the analyst consensus estimate of $23.76 million.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 3:20 pm

AAPL

AMZN

BRK-B

GOOG

JPM

META

MSFT

NVDA

QQQ

SPY

TSLA

USB

The U.S. economy, which is 70% consumer-based, continues to see strong retail sales, with July retail sales coming in at 0.7% vs. 0.4% consensus. However, this has led to concerns that the Federal Reserve may maintain high interest rates for longer. Fitch has warned that it may downgrade the credit ratings of several U.S. banks, including JPMorgan Chase & Co. and U.S. Bancorp. Home Depot Inc. has guided FY23 revenue down 2-5% and earnings down 7-13%. Berkshire Hathaway Inc. is buying three home builder stocks: Lennar Corp, DR Horton Inc, and NVR Inc. Saudi Arabia and U.A.E. are buying billions of dollars worth of NVIDIA Corp chips. Money flows are negative in Amazon.com, Inc., Microsoft Corp, Alphabet Inc Class C, Meta Platforms Inc, Tesla Inc, Apple Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 15, 2023 | 3:19 pm