Streetbeat News

Earnings

Boeing has announced its Q3 total commercial airplane deliveries, which amounted to 105, including 70 737 deliveries.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:02 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

PEP

QQQ

TSLA

The article discusses the current positioning of Wall Street ahead of important inflation data. It highlights the strength of tech stocks, represented by Invesco QQQ Trust Series 1 (QQQ), and the market's anticipation of better-than-consensus inflation numbers. The IMF has raised its inflation projections to 5.8% for the next year. PepsiCo (PEP) reported better than expected earnings and guided higher, dismissing concerns about the impact of weight loss drugs on its business. The article also mentions positive early trade money flows in Microsoft (MSFT), Meta Platforms (META), and Amazon (AMZN), and negative flows in Apple (AAPL), Alphabet (GOOG), Tesla (TSLA), and NVIDIA (NVDA).

Portfolio Pulse from The Arora Report

October 10, 2023 | 3:02 pm

Boeing has announced its Q3 total deliveries to be 105.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:01 pm

RELL

Richardson Electronics (NASDAQ:RELL) is set to release its latest quarterly earnings report on Wednesday, 2023-10-11. Analysts estimate an earnings per share (EPS) of $0.03. The company's past performance shows a trend of share price drops following earnings reports. Shares are currently trading at $11.01 and have seen a 40.63% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 3:00 pm

BKE

BVH

DKS

GPK

MCFT

The article provides an overview of value stocks in the consumer cyclical sector, highlighting MasterCraft Boat Hldgs (MCFT), Bluegreen Vacations (BVH), Buckle (BKE), Dick's Sporting Goods (DKS), and Graphic Packaging Holding (GPK). It discusses their P/E ratios, recent earnings per share, and dividend yields. The article suggests that these stocks may be undervalued and could rebound, but also notes the risk that this may not happen.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:43 pm

CCSI

SCSC

SURG

UMC

The article provides an overview of value stocks in the technology sector, highlighting five companies: ScanSource (SCSC), Consensus Cloud Solutions (CCSI), Surgepays (SURG), United Microelectronics (UMC), and Daqo New Energy (DQ). The companies are considered undervalued based on their low P/E multiples. The article also provides recent earnings per share data and dividend yield for UMC.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:41 pm

DPZ

Domino's Pizza, Inc. (NYSE:DPZ) is set to release its Q3 2023 financial results on Oct. 12, 2023. Analysts predict earnings of $3.30 per share, up from $2.79 per share in the same period last year, and revenue of $1.05 billion, slightly down from $1.06 billion last year. The company's shares closed at $350.14 on Monday, up 2.5%. Several analysts have recently revised their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 2:25 pm

NEOG

Neogen Corporation reported Q1 FY24 sales of $229 million, missing the consensus of $231.1 million. The company's adjusted EPS of 11 cents also missed the consensus of 12 cents. Despite this, the company continues to anticipate FY24 revenue of $955 million-$985 million. William Blair reiterated the Outperform rating for Neogen, but the company's shares are down 2.36%.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 2:25 pm

MAXN

Maxeon Solar Technologies Ltd (NASDAQ:MAXN) has lowered its Q3 FY23 guidance due to reduced shipments to its largest US customer and a global slowdown in demand. The company also plans to restructure its operations, including a 15% reduction in global headcount and a shift in manufacturing capacity in the Philippines. Despite the news, MAXN shares are up 0.94%.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 2:16 pm

BMWYY

BMW reported a 5.8% YoY increase in Q3 deliveries for 2023, with 621,699 vehicles delivered. Sales of fully-electric BMW and MINI vehicles rose by 79.6% YoY to 93,931 units. Sales in China fell by 1.8%, while they rose by 7.8% in the U.S. and 12.9% in Europe. The company expects strong delivery growth in FY23, with electric vehicles expected to account for 15% of total vehicle sales. BMWYY shares closed higher by 1.45% at $33.85 on Monday.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 2:16 pm