Streetbeat News

Earnings

SWKH

SWK Holdings (NASDAQ:SWKH) reported Q2 2024 earnings of $0.35 per share, missing the analyst consensus estimate of $0.37. The company reported $11.54 million in sales, a 21.52% increase from $9.50 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:34 pm

RTH

TGT

WMT

XLP

Target Corporation (NYSE:TGT) shares are trading higher due to solid earnings results and an outlook boost from Walmart Inc. (NYSE:WMT). Oppenheimer analyst Rupesh Parikh maintained an Outperform rating for Target but lowered the price forecast from $200 to $180. Investors can gain exposure to Target via VanEck Retail ETF (NASDAQ:RTH) and SPDR Select Sector Fund – Consumer Staples (NYSE:XLP).

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 12:33 pm

AXON

CVEO

HEI

Three industrial stocks, Heico Corp (HEI), Civeo Corp (CVEO), and Axon Enterprise Inc (AXON), are showing overbought signals with RSI values above 70. Investors should be cautious as these stocks may face downward pressure in the short term.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:31 pm

DJT

Trump Media & Technology Group (NASDAQ:DJT) saw its shares dip and approach record lows following disappointing quarterly results and former President Donald Trump’s return to the social media platform X. The company's stock has been volatile, facing challenges as Trump's lead in polls shrinks and significant spending on a new streaming service raises concerns about its future.

Portfolio Pulse from Anusuya Lahiri

August 15, 2024 | 12:31 pm

DE

Deere & Co (NYSE:DE) reported Q3 earnings that beat expectations despite a 17% decline in net sales and revenue. The company reaffirmed its 2024 net income outlook. DE shares traded higher by 1.15% premarket.

Portfolio Pulse from Akanksha Bakshi

August 15, 2024 | 12:23 pm

TPR

Tapestry shares are trading higher after the company reported better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:21 pm

SLNH

Soluna Holdings reported Q2 revenue of $9.7 million, a significant increase from $2.1 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:21 pm

CNSP

CNS Pharmaceuticals reported a reduced net loss of $2.5M for Q2 2024, attributed to lower CRO expenses. R&D costs decreased to $1.1M, while G&A expenses increased to $1.4M due to higher legal and professional fees. The company has a cash position of $1.5M, with an additional $12.4M raised post-June 30, ensuring sufficient funds through Q1 2025. Final Berubicin trial data is expected in H1 2025.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:18 pm

CLBT

Cellebrite shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates. Additionally, the company issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:17 pm

LITE

Lumentum Holdings shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 revenue guidance above estimates. Additionally, Rosenblatt and Needham raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:15 pm