Streetbeat News

Earnings

SEDG

A 'death cross' has formed on the chart of SolarEdge Technologies (NASDAQ:SEDG), which could indicate a bearish trend for the stock. This occurs when the 50-day moving average moves below the 200-day moving average, suggesting a possible change in the long-term trend. The company's past and upcoming earnings expectations are also provided.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 2:48 pm

KHC

A 'death cross' has formed on Kraft Heinz's (NASDAQ:KHC) chart, which could indicate a bearish trend for the stock. This occurs when the 50-day moving average moves below the 200-day average. Seasoned investors use this as a signal to start considering short positions. Kraft Heinz's past and upcoming earnings expectations are also provided.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 2:47 pm

TCS

Container Store Group (NYSE:TCS) reported Q4 sales of $259.72 million, a slight increase from Q3's $252.24 million. However, earnings fell to a loss of $189.25 million, a significant decrease from Q3's earnings of $4.17 million. The company's Return on Capital Employed (ROCE) was -0.72%, suggesting ineffective capital allocation. Despite this, Q4 earnings per share beat analyst predictions.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 2:45 pm

CNVS

Cineverse (NASDAQ:CNVS) reported Q4 sales of $12.55 million, down from $27.88 million in Q3, and a loss of $3.07 million compared to earnings of $5.02 million in Q3. The company's Return on Capital Employed (ROCE) was -0.08%, suggesting ineffective capital allocation. Q4 earnings per share were $-0.35, missing analyst predictions of $0.0.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 2:45 pm

FRD

Friedman Industries reported a year-over-year increase in Q4 EPS and revenues, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 2:34 pm

WEST

Westrock Coffee Company (NASDAQ:WEST) has received a $75 million equity investment from HF Capital LLC and the Herbert Hunt family. The investment will be made through the purchase of 7.5 million shares at $10 per share, a 10.3% discount to the company's closing price on June 29. The transactions are expected to close in August 2023. Westrock has also amended its $400 million credit agreement to increase its total net leverage financial covenant and raise the minimum interest coverage ratio. However, the company has cut its FY23 adjusted EBITDA outlook due to product launch delays and equipment delays.

Portfolio Pulse from Shivani Kumaresan

June 30, 2023 | 2:34 pm

PRGS

Progress Software reported better-than-expected Q2 financial results and issued Q3 and FY23 guidance above estimates. Oppenheimer raised its price target for the company from $63 to $66.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 2:29 pm

ACCD

ALVO

APPS

ARQT

ATXG

AUPH

BLCO

CBAY

CCL

FRD

GOGN

MVIS

NIO

RXT

SGH

SVRA

TOP

VTRU

XPEV

U.S. stocks traded higher on Friday with the Dow Jones gaining over 200 points. Several companies saw significant gains, including Addentax Group Corp., CymaBay Therapeutics, TOP Financial Group Limited, Friedman Industries, Rackspace Technology, MicroVision, XPeng Inc., Alvotech, Digital Turbine, Savara Inc., Vitru Limited, Arcutis Biotherapeutics, Aurinia Pharmaceuticals Inc., Accolade, Inc., Bausch + Lomb Corporation, Carnival Corporation, SMART Global Holdings, Inc., GoGreen Investments Corporation, and NIO Inc.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 2:27 pm

TSLA

A significant investor has taken a bearish stance on Tesla (NASDAQ:TSLA), with 52% of the observed trades being bearish and 47% bullish. The trades indicate a targeted price range of $165.0 to $325.0 for Tesla over the last 3 months. The current price of TSLA is up 2.03% at $262.72, and RSI indicators suggest the stock may be overbought. Tesla's next earnings are expected in 19 days.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 2:18 pm

Dominion Energy has updated its Q2 2023 operating earnings guidance due to the impact of mild weather and unplanned outages at the Millstone Power Station. The company has reduced its earnings guidance to $0.44-$0.50 per share, down from the previous estimate of $0.58-$0.68. The company's shares are currently trading higher by 0.15% at $51.90.

Portfolio Pulse from Akanksha Bakshi

June 30, 2023 | 2:17 pm