Streetbeat News

Earnings

NSTG

NanoString Technologies (NSTG) has announced that it expects its Q2 revenue to exceed $44 million, surpassing both its own guidance and the consensus estimate of $41 million. The company also reiterated its FY23 revenue guidance, which is above the consensus estimate.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 3:04 pm

RIVN

Rivian Automotive has an option alert for August 18 $30 calls at the bid: 1500 @ $2.11 vs 11514 open interest. The company's earnings will be announced after close on August 8. The reference price is $25.7396.

Portfolio Pulse from Charles Gross

July 10, 2023 | 2:51 pm

HELE

JUPW

MOB

NBTX

NEON

TIVC

TTCF

US stocks traded mostly higher with the Dow Jones gaining over 100 points. Helen Of Troy Ltd reported better-than-expected Q1 results with a sales decline of 6.6% YoY to $474.67 million, beating the analyst consensus. Mobilicom Limited, Jupiter Wellness, and Nanobiotix S.A. saw their shares rise significantly. Tivic Health Systems, Neonode Inc., and Tattooed Chef, Inc. saw their shares drop.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 2:50 pm

AFCG

LADR

SEVN

TCN

Benzinga Insights has identified five value stocks in the real estate sector that may be worth watching: Tricon Residential (NYSE:TCN), Seven Hills Realty Trust (NASDAQ:SEVN), AFC Gamma (NASDAQ:AFCG), Hersha Hospitality (NYSE:HT), and Ladder Cap (NYSE:LADR). The selection is based on the price-to-earnings (P/E) multiple, a common indicator of undervalued stocks. The report also includes recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 2:49 pm

HELE

Helen of Troy (HELE) reported better-than-expected Q1 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 2:48 pm

RIVN

Rivian Automotive Inc's shares have been volatile, with a 20% increase over the last week and nearly 75% over the last month. The rally was driven by the company's Q2 production and delivery numbers, which were in line with expectations. Several analysts raised price targets on the stock following the announcement. Rivian will report Q2 financial results on Aug. 8.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 2:37 pm

TSLA

Tesla, Inc (NASDAQ:TSLA) was trading slightly lower on Monday with far-below-average volume, contrasting with the rising S&P 500. The company is set to release earnings soon, which will set the tone for the trading season. Analysts from Mizuho and Jefferies have maintained their ratings and raised price targets for Tesla. The stock is currently trading in a bull flag pattern, but continued downward momentum could negate this. Tesla has resistance above at $271.71 and $285.83 and support below at $254.98 and $234.35.

Portfolio Pulse from Melanie Schaffer

July 10, 2023 | 2:35 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported a 35.8% YoY increase in Bitcoin mined in June 2023. The company's proprietary hash rate also increased by 0.8 EH/s from May 2023 due to the arrival of 8,000 new mining machines at its Gedu mining data center in Bhutan. The Gedu Datacenter is expected to commence operations in July 2023, contributing an additional 100MW to the company's electricity capacity. The company is also constructing a 175MW immersion cooling data center in Tydal, Norway, expected to be completed in 2025. BTDR shares are trading higher by 5.78% to $13.37.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 2:32 pm

BABA

BTGOF

GSK

HNHPF

IEP

JNJ

META

NVO

SIVBQ

UBS

Meta's Threads app has reached 100 million users in five days, making it the fastest-growing consumer application in history. Nanobiotix has entered a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica, a unit of Johnson & Johnson, for the investigational radioenhancer NBTXR3. GSK's Arexvy vaccine for respiratory syncytial virus has been approved in the UK for older adults. BT Group's CEO Philip Jansen is stepping down within the next 12 months. Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Vedanta, impacting India's chipmaking plans. General Motors has reduced the starting price for the Cadillac Lyriq by 14% in China. SVB Financial Group is suing the U.S. Federal Deposit Insurance Corporation to recover $1.93 billion. Saudi National Bank's plan to increase its stake in UBS Group's Credit Suisse has been halted by Swiss regulator FINMA. Godrej Aerospace is planning to invest in General Electric's GE414 engine manufacturing operations. Carl Icahn has revised loan agreements and recovery strategy after a short-seller attack led to a 40% drop in Icahn Enterprises' shares. Novo Nordisk's weight-loss medications are under European investigation over suicidal risks. Alibaba's Youku is airing a series focusing on China's semiconductor leadership.

Portfolio Pulse from Vandana Singh

July 10, 2023 | 2:30 pm

BYRN

Byrna Technologies (NASDAQ:BYRN) is set to release its latest quarterly earnings report on Tuesday, 2023-07-11. Analysts estimate an earnings per share (EPS) of $0.01. The company's past performance shows a mixed trend of beating and missing EPS estimates, with varying impacts on the share price. The stock is currently trading at $4.91, down 35.38% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 2:00 pm