Streetbeat News

Earnings

DXCM

DexCom Inc has revised its 2025 financial targets, raising revenue outlook to $4.6-$5.1 billion and adjusted operating profit margin to 21%. The company also announced a new product for diabetics who don't use insulin, set to launch in the US in 2024.

Portfolio Pulse from Lekha Gupta

June 26, 2023 | 12:07 pm

APOG

MSFT

TSLA

The S&P 500 ended lower on Friday, snapping its five-week winning streak, following Fed Chair Powell's comments on further rate hikes. Apogee Enterprises (APOG) shares gained 7% after reporting better-than-expected Q1 results and raising FY24 EPS guidance. The Nasdaq 100 fell 1% due to losses in Microsoft (MSFT) and Tesla (TSLA) shares.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 9:27 am

AMTB

CCL

DISH

IBM

MRCY

Carnival Corporation is expected to report a quarterly loss, IBM is nearing a deal to acquire Apptio Inc., DISH Network's EVP and COO resigns, Mercury Systems names an interim President and CEO, and Amerant Bancorp files for a mixed shelf of up to $300 million.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 8:11 am

CCL

KMX

US stocks closed lower last week, with the Nasdaq snapping an eight-week winning streak. The S&P 500 dropped about 1.4%, while the Dow Jones fell about 1.7%. CarMax (KMX) shares jumped 10% after better-than-expected Q1 results. Investors await Carnival (CCL) earnings results.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 6:21 am

OLN

POWW

RGR

SWBI

VSTO

Smith & Wesson Brands Inc (SWBI) shares surged over 20% after reporting better-than-expected Q4 earnings. The company's board raised the quarterly dividend per share by 20% to $0.12. A comparison of gun stock performance during the Trump and Biden presidencies shows mixed results.

Portfolio Pulse from AJ Fabino

June 24, 2023 | 2:56 pm

CFMS

MEDS

SMX

SPCE

SWBI

XAIR

US stocks traded lower with the Dow Jones dropping around 200 points on Friday. The S&P Global manufacturing PMI dropped to 46.3 in June from 48.4 in May. Shares of TRxADE HEALTH, Conformis, and Smith & Wesson Brands spiked higher, while Beyond Air, Virgin Galactic Holdings, and SMX Public Limited Company shares dropped.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 7:53 pm

ACB

CGC

CRON

GRWG

SNDL

TLRY

Cannabis stocks are trading lower following Canopy Growth's worse-than-expected Q4 financial results.

Portfolio Pulse from Bill Haddad

June 23, 2023 | 7:16 pm

CGC

SNDL

SNDL Inc's stock is trading lower by 7.3% due to worse-than-expected Q4 financial results from peer cannabis company Canopy Growth Corporation. Canopy Growth reported losses of 24 cents per share and quarterly sales of $72.61 million, missing analyst estimates.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:15 pm

CGC

TLRY

Tilray Brands Inc (TLRY) shares are trading lower by 5% to $1.53, falling in sympathy with peer cannabis stock Canopy Growth Corporation (CGC) after the company reported worse-than-expected Q4 financial results. CGC reported losses of 24 cents per share and quarterly sales of $72.61 million, both missing analyst consensus estimates.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:15 pm

ACB

Aurora Cannabis Inc (NASDAQ:ACB) shares are trading lower by 10.5% to $0.55, in sympathy with peer cannabis stock Canopy Growth Corporation after the company reported worse-than-expected Q4 financial results. Canopy Growth's losses were 24 cents per share, missing the analyst consensus estimate of a loss of 15 cents. Quarterly sales were $72.61 million, slightly below the analyst consensus estimate of $73.19 million.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:09 pm