Streetbeat News

Earnings

CHWY

There has been a significant options activity on Chewy Inc. (CHWY) with a sweep of 2000 calls at $38 strike price expiring on Friday. This is against an open interest of 398. The company is expected to announce its earnings on August 29 after market close.

Portfolio Pulse from Charles Gross

July 11, 2023 | 3:10 pm

SBIG

SpringBig Holdings, Inc. (NASDAQ:SBIG) has announced preliminary Q2 results, expecting a revenue of $7.2 million, a 12% YoY growth. The company also expects an adjusted EBITDA loss of $(1.1) million, an improvement from $(3.4) million last year. SpringBig also completed a $4 million public equity offering and restructured its Senior Secured Convertible Notes. The company expects to turn Adjusted EBITDA positive in Q3 and generate an Adjusted EBITDA profit of $0.5 million to $1.0 million for H2 FY23. SBIG shares are trading higher by 4.80%.

Portfolio Pulse from Nabaparna Bhattacharya

July 11, 2023 | 2:54 pm

AFRM

AIRS

ETSY

NWL

ROKU

SSTK

WDFC

Several US stocks traded higher on Tuesday, with notable gains for Hesai Group, Intchains Group Limited, Redfin Corporation, WD-40 Company, Tandem Diabetes Care, Shutterstock, Newell Brands, Roku, AirSculpt Technologies, CareDx, Mesoblast Limited, Zillow Group, GrafTech International, Affirm Holdings, Etsy, The Scotts Miracle-Gro Company, and HP Inc. Notable events include WD-40's Q3 results exceeding expectations, Shutterstock's partnership expansion with OpenAI, Newell Brands receiving a Buy rating from Canaccord Genuity, Roku's partnership with Shopify, AirSculpt Technologies' above-consensus Q2 revenues, and Affirm Holdings and Etsy receiving price target increases.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 2:40 pm

FSR

Fisker Inc. (FSR) has seen a significant option alert for its July 21 $7 calls, with 975 contracts traded near the ask price of $0.341, compared to an open interest of 3561 contracts. The company is expected to release its earnings report on August 4 before the market opens.

Portfolio Pulse from Charles Gross

July 11, 2023 | 2:14 pm

GOOGL

Alphabet Inc.'s shares declined by 2.54% on Monday, following an unsuccessful attempt to surpass the resistance level at $122.43. Despite this, the company's stock has seen a 29% increase for the year. The market may experience further weakness, potentially leading to Alphabet's shares dropping to around $100. The company's Q2 earnings announcement is highly anticipated, with analysts predicting an increase to 1.34 from Q1's 1.17.

Portfolio Pulse from Zaheer Anwari

July 11, 2023 | 2:01 pm

MLKN

MillerKnoll (NASDAQ:MLKN) is set to release its latest quarterly earnings report on Wednesday, 2023-07-12. Analysts estimate an earnings per share (EPS) of $0.39. The company's past performance shows a mixed impact on the share price post-earnings announcement. The stock is currently trading at $15.33, down 43.22% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 2:01 pm

THTX

Theratechnologies (NASDAQ:THTX) is set to release its latest quarterly earnings report on Wednesday, 2023-07-12. Analysts estimate an earnings per share (EPS) of $-0.10. The company's past performance shows a pattern of EPS misses followed by share price increases. The stock is currently trading at $0.8988, down 55.61% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 2:00 pm

ANGO

AngioDynamics (NASDAQ:ANGO) is set to release its latest quarterly earnings report on Wednesday, 2023-07-12. Analysts estimate an earnings per share (EPS) of $0.02. The company's past performance shows a mixed trend of beating and missing EPS estimates, with corresponding changes in share price. The stock is currently trading at $9.62, down 54.16% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 2:00 pm

CHH

Choice Hotels International Inc (CHH) has provided an update on its strategy and 2023 and 2024 guidance. The company is expanding its franchise business and has exceeded its synergy targets with the integration of Radisson Hotels Americas. CHH has opened 107 hotels in 2023, a 39% increase YoY. The company reiterated its 2023 outlook and expects a 10% YoY growth in adjusted EBITDA for 2024. CHH also repurchased around 1.8 million shares worth over $220 million in H1 2023.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 1:40 pm

AMZN

APPL

CHTR

KKR

META

MS

MSFT

NYT

RNLSY

UBER

WDFC

Amazon is expected to offer deeper discounts on Prime Day 2023, potentially adding $4 billion - $6 billion of incremental revenue. Apple expands its retail channels in China by opening a store on WeChat. Morgan Stanley hires Marco Caggiano from JPMorgan to lead its M&A division. Meta Platforms' Threads app is estimated to generate $8 billion in annual revenue over the next two years. Charter Communications plans to introduce a new two-tier cable package system. Renault and Geely Automobile form a JV to launch a new powertrain technology company. WD-40 reports better than expected Q3 earnings. New York Times will shut down its sports desk and shift its daily coverage to The Athletic. Uber's CFO Nelson Chai plans to leave the company. KKR is reportedly exploring options for its majority interest in NVC Lighting's China business. Microsoft confirms additional job cuts following the 10,000 layoffs announced in January.

Portfolio Pulse from Vandana Singh

July 11, 2023 | 1:27 pm