Streetbeat News

Earnings

ALL

CHMI

FRBK

MHLD

PGR

The article lists five financial stocks that are currently oversold and could potentially increase in value in July. These include The Progressive Corporation (PGR), Cherry Hill Mortgage Investment Corporation (CHMI), Maiden Holdings, Ltd. (MHLD), Republic First Bancorp, Inc. (FRBK), and The Allstate Corporation (ALL). The companies have reported various financial results and have Relative Strength Index (RSI) values below 30, indicating they are oversold.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 11:45 am

REKR

Rekor Systems, Inc. (NASDAQ:REKR) expects to report gross revenue exceeding $8.0 million for Q2 2023, representing a YoY growth of over 110% and a QoQ growth of over 30%. The company will announce full financial results on August 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 11:34 am

STT

State Street Corporation (NYSE:STT) reported Q2 revenues of $3.11 billion, up 5% Y/Y, missing the consensus estimate of $3.14 billion. EPS of $2.17 beat the consensus estimate of $2.10. Following the earnings announcement, analysts from Keefe, Bruyette & Woods, B of A Securities, JP Morgan, and UBS cut their price targets on State Street and downgraded the stock.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 11:29 am

HDB

HDFC Bank (NYSE:HDB) reported a significant decrease in its Q1 earnings and sales YoY. Earnings per share fell by 57.81% to $0.27 from $0.64, and sales dropped by 20.76% to $4.27 billion from $5.39 billion.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 11:15 am

GreenPower Motor reported better-than-expected Q4 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 11:14 am

ATVI

MSFT

QQQ

SPY

TSLA

US stocks are expected to start the new week cautiously following strong gains in the past week. The earnings news flow will pick up pace from Tuesday, with several financial and tech companies due to report. The S&P 500 and the Nasdaq Composite Index closed off a 15-month high, and the Dow Industrials ended at its highest level since Nov. 30, 2022. Analyst Ryan Detrick of Carson Group sees scope for further upside. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.18% and the Invesco QQQ ETF (NASDAQ:QQQ) edged down 0.05%. Tesla, Inc. (NASDAQ:TSLA) rose over 1.50% in premarket trading, while Activision Blizzard, Inc. (NASDAQ:ATVI) rallied over 4% after the FTC lost its appeal to block the videogame software manufacturer's deal with Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Shanthi Rexaline

July 17, 2023 | 11:12 am

GNTY

Guaranty Bancshares (NASDAQ:GNTY) reported Q2 earnings of $0.81 per share, beating the analyst consensus estimate of $0.56 by 44.64%. However, this is a 8.99% decrease from the same period last year. The company also reported quarterly sales of $32.58 million, beating the analyst consensus estimate of $29.48 million by 10.50%, but this is a 1.08% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 11:02 am

TRX

TRX Gold (AMEX:TRX) reported Q3 sales of $9.32 million, missing the analyst consensus estimate of $12.29 million by 24.19 percent. However, this is a 62.54 percent increase over sales of $5.73 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 10:38 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares rose in premarket trading on Monday, potentially extending its winning streak to a fifth straight session. This is due to investor optimism following the company's confirmation that the first Cybertruck has rolled off the production line at its Giga Texas plant. Analysts expect the Cybertruck to boost the company's volume when production ramps up in 2024. Investors are also looking forward to Tesla's Q2 earnings report due Wednesday, with expectations of adjusted earnings per share of $0.81 and revenue of $24.53 billion.

Portfolio Pulse from Shanthi Rexaline

July 17, 2023 | 9:58 am

ARKK

BABA

BTCUSD

ETHUSD

TSLA

US markets remain bullish following strong bank earnings. ARK's flagship fund sees a $717M exodus from investors. Wall Street strategist issues troubling assessment of stock-market rally. Biden receives $200K funding from OpenAI CEO for 2024 campaign. Pay raises beat inflation, providing financial relief to American workers. China's Q2 GDP miss stirs unease, impacting Alibaba, BYD, and other stocks. Tesla's Q2 results expected to show short-term margin disappointment but good recovery beyond. BlackRock CEO reveals high demand for Bitcoin, Ethereum among gold investors.

Portfolio Pulse from Akanksha Bakshi

July 17, 2023 | 9:53 am