Streetbeat News

Earnings

MRVL

Marvell Technology shares rose following the announcement of better-than-expected Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 11:29 am

DIA

NVDA

SPY

U.S. markets closed with mixed results as the Dow reached a record high due to strong economic data, while Nvidia's shares declined. Most sectors on the S&P 500 closed positively, except for information technology and consumer staples. Asian and European markets advanced, and the U.S. dollar ticked higher.

Portfolio Pulse from Akanksha Bakshi

August 30, 2024 | 11:26 am

NVDA

Nvidia shares rebounded in premarket trading after a 6% drop due to quarterly results and guidance concerns. Despite the dip, analysts remain optimistic, with no downgrades and some increasing price targets. Nvidia's AI dominance and potential upside make it a 'buy' opportunity.

Portfolio Pulse from Shanthi Rexaline

August 30, 2024 | 11:24 am

BNRG

Brenmiller shares rose following a year-over-year increase in H1 EPS results and the announcement of a projected pipeline valued up to $500 million.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 11:17 am

MDB

MongoDB shares rise as the company reports better-than-expected Q2 financial results and provides strong guidance.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 11:16 am

ESTC

Elastic's shares fell after the company reported Q1 financial results and provided Q2 revenue guidance that was below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 11:16 am

DELL

Dell Technologies shares rose following the release of better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 11:16 am

ADSK

Autodesk shares rise due to better-than-expected Q2 earnings and revenues, along with positive revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 11:15 am

BOAT

FRO

PXJ

Frontline Plc (NYSE:FRO) reported a significant increase in Q2 revenue, surpassing expectations, but experienced a decline in EPS. The company is optimizing its fleet by selling older assets and refinancing tankers. Despite a challenging market, Frontline declared a dividend and anticipates increased oil demand in the latter half of 2024.

Portfolio Pulse from Lekha Gupta

August 30, 2024 | 11:11 am

ADSK

DELL

ESTC

LULU

MDB

MRVL

NVDA

QQQ

SPY

ULTA

Wall Street is set for a positive start as inflation data looms, with futures indicating a potential rally if inflation doesn't force a reassessment. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) are up in premarket trading. Nvidia's earnings report led to a decline, while other tech stocks like Dell, Autodesk, Lululemon, Marvell, and MongoDB saw gains. Analysts warn of potential volatility in the fall, with upcoming economic data and rate cuts influencing market direction.

Portfolio Pulse from Shanthi Rexaline

August 30, 2024 | 10:45 am