Streetbeat News

Earnings

BTCY

NKE

NKLA

SGH

STZ

Constellation Brands, Inc. (STZ) is expected to report quarterly earnings at $2.83 per share on revenue of $2.47 billion. Nike, Inc. (NKE) reported downbeat earnings for its fourth quarter, while sales topped estimates. SMART Global Holdings, Inc. (SGH) reported better-than-expected results for its third quarter. Nikola Corp (NKLA) has regained compliance with Nasdaq listing rules pertaining to minimum stock price. Analysts expect Biotricity, Inc. (BTCY) to post a quarterly earnings at 9 cents per share on revenue of $2.6 million.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 8:13 am

HIVE

HIVE Blockchain Technologies reported a 63.9% YoY decline in revenue to $18.22M, with a net loss of $7.0M.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 7:43 am

BTCY

JPM

STZ

Bank stocks, including JPMorgan Chase & Co. (NYSE:JPM) and The Goldman Sachs Group, Inc. (NYSE:GS), rose following the Fed's stress test results, which showed all 23 banks tested remained above their minimum capital requirements during a hypothetical recession. The U.S. economy expanded by an annualized rate of 2% in Q1, higher than expected. Investors are awaiting earnings results from Constellation Brands, Inc. (NYSE:STZ) and Biotricity, Inc. (NASDAQ:BTCY). The CNN Money Fear and Greed index showed an increase in overall sentiment among U.S. investors.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 6:35 am

Chinese EV maker Li Auto (NASDAQ:LI) reportedly delivered over 32,000 vehicles in June, marking the first time the company has exceeded 30,000 monthly deliveries. The company aims to sell 1.6 million units by 2025. In May, Li Auto reported a year-on-year increase of 146% to 28,277 vehicles. For Q2 2023, Li Auto expects deliveries between 76,000 and 81,000, representing an increase of 164.9% to 182.4% from Q2 2022.

Portfolio Pulse from Anan Ashraf

June 30, 2023 | 6:25 am

AUPH

NKE

SGTX

TSLA

US stocks traded mixed with Dow Jones gaining and NASDAQ remaining unchanged. Top trending stocks included Aurinia Pharmaceuticals, Nike, Tesla, Goldman Sachs Group, and Sigilon Therapeutics. Aurinia is exploring strategic alternatives including a potential sale or merger. Nike reported a 10% YoY increase in Q4 revenue. Tesla may have had a strong Q2 in Australia. Goldman Sachs rose after clearing Federal Reserve's stress tests. Sigilon's shares skyrocketed after Eli Lilly agreed to acquire the company.

Portfolio Pulse from Benzinga Newsbot

June 30, 2023 | 1:01 am

SONY

SQNXF

Square Enix Holdings Co Ltd (OTC:SQNXF) announced that it has sold 3 million copies of Final Fantasy XVI on PlayStation 5 during its launch week. Despite a 74% decline in physical sales in the U.K. compared to its predecessor, Final Fantasy XV, the game emerged as the top-selling game overall during its launch week. The game is exclusively available on Sony Group Corp.'s (NYSE:SONY) PlayStation 5.

Portfolio Pulse from Franca Quarneti

June 29, 2023 | 10:35 pm

NKE

During a conference call, a Nike executive stated that the company expects its gross margins to expand by 140 to 160 basis points on a reported basis for the fiscal year 2024.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:50 pm

NKE

During a conference call, a Nike executive stated that the company expects Q1 revenue growth to be flat or increase by low single digits.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:46 pm

NKE

During a conference call, a Nike executive stated that the company expects its reported revenue to grow in the mid-single digits by fiscal year 2024.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:40 pm

FRD

Friedman Industries (FRD) anticipates Q1 to be one of the most profitable quarters in the company's history.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 9:33 pm