Streetbeat News

Earnings

AAPL

AMZN

DJIA

GOOG

META

MSFT

NVDA

QQQ

TSLA

The Nasdaq is set to finish the best first half of the year ever, driven by the AI frenzy and the performance of seven key stocks: Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. The Nasdaq is up about 30% compared to only 2% for Global X Dow 30 Covered Call ETF and 14% for S&P 500. The Q1 GDP-third estimate came at 2.0% vs. 1.3% consensus, indicating a strong economy in the first quarter. Initial jobless claims came at 239K vs. 266K consensus, indicating a robust jobs picture.

Portfolio Pulse from The Arora Report

June 29, 2023 | 3:05 pm

Franklin Covey reported better-than-expected Q3 financial results and reaffirmed its guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 3:04 pm

NNDM

Nano Dimension Ltd. (NASDAQ:NNDM) reported Q1 revenues of $14.97 million, up 43.5% YoY. EPS of $0.09 was significantly higher than the year-ago EPS loss of ($0.13). The company plans to accelerate its M&A strategy. NNDM shares are trading higher by 12.40% to $2.71.

Portfolio Pulse from Nabaparna Bhattacharya

June 29, 2023 | 2:55 pm

GLOP

KOS

LBRT

PNRG

The article identifies PrimeEnergy Resources (PNRG), SM Energy (SM), Kosmos Energy (KOS), Liberty Energy (LBRT), and GasLog Partners (GLOP) as notable value stocks in the energy sector. It provides their P/E ratios and recent changes in earnings per share and dividend yields. The article also notes that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 2:48 pm

AOUT

American Outdoor Brands (NASDAQ:AOUT) reported Q4 sales of $42.20 million, a decrease from Q3's $50.89 million. The company also reported a Q4 loss of $3.84 million, a 33.99% increase from Q3's loss of $2.86 million. The company's Return on Capital Employed (ROCE) for Q4 was -0.02%, suggesting ineffective capital allocation. However, the company beat analyst predictions with Q4 earnings per share at $0.06/share.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 2:45 pm

FIZZ

National Beverage (NASDAQ:FIZZ) reported Q4 earnings of $36.30 million, a 5.65% increase from Q3, and sales of $286.70 million, a 6.78% increase from Q3. The company posted a Return on Capital Employed (ROCE) of 0.1%, indicating effective capital allocation. However, its Q4 earnings per share of $0.39 did not meet analyst predictions.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 2:45 pm

ROIV

Roivant Sciences (NASDAQ:ROIV) reported Q4 sales of $27.38 million, up 84.19% from Q3, but still posted an overall loss of $60.86 million. The company's Return on Invested Capital (ROIC) was -20.49%, suggesting ineffective capital allocation. However, it beat analyst predictions for Q4 earnings per share, reporting $-0.2/share against the predicted $-0.36/share.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 2:45 pm

RDTCF

Rapid Dose Therapeutics Corp. (OTCPK:RDTCF) (CSE:DOSE) reported a 59% decrease in revenue for FY23, with a net comprehensive loss of CA$3.8 million. The company established B2B partnerships to sell their nutraceutical products in Canadian retail stores and entered into a pharmaceutical collaboration with Skycare Compounding Labs. However, they faced regulatory approval hurdles and delays for product applications in Europe, USA, and Canada.

Portfolio Pulse from Vuk Zdinjak

June 29, 2023 | 2:45 pm

GIS

General Mills (NYSE:GIS) reported Q4 earnings of $620.10 million, an 11.15% increase from Q3, despite a 1.87% decrease in sales to $5.03 billion. The company posted a Return on Capital Employed (ROCE) of 0.06%, indicating effective capital allocation. General Mills also beat analyst predictions with Q4 earnings per share at $1.12.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 2:45 pm

BlackBerry Ltd (NYSE:BB) saw a surge of over 13% following better-than-expected Q1 earnings. The company reported earnings of 6 cents per share on revenues of $373 million, significantly beating analyst estimates. This led to a rush of bullish traders, driving the stock up towards a resistance level near $5.50. The surge also negated BlackBerry's current downtrend.

Portfolio Pulse from Melanie Schaffer

June 29, 2023 | 2:42 pm