Streetbeat News

Earnings

CCL

NCLH

PLTR

RCL

TSLA

Last week, major indices ended in the green, with the Nasdaq Composite gaining 3.04%. Cathie Wood's Ark Invest purchased additional shares of Palantir Technologies (PLTR) as the stock reached a 1-year high. Cruise stocks, including Carnival Corp. (CCL), Norwegian Cruise Line Holdings (NCLH), and Royal Caribbean Cruises (RCL), are expected to benefit from increased spending in the coming months. Tesla (TSLA) CEO Elon Musk is predicted to remain in his position for at least five more years.

Portfolio Pulse from Michael Cohen

May 20, 2023 | 1:39 pm

HD

NFLX

TGT

WMT

The S&P 500 maintained gains this week despite uncertainty surrounding the US debt ceiling and mixed retail sales data. Republicans abandoned debt ceiling talks, while retail sales in April fell short of expectations. Major retailers reported mixed quarterly earnings, with some beating estimates.

Portfolio Pulse from Natan Ponieman

May 19, 2023 | 8:03 pm

LOW

Lowe's Companies (NYSE:LOW) will host an earnings conference call on May 23, 2023, at 09:00 AM ET to discuss Q1 2023 results. Investors can access the live webcast or dial in to listen to the call.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 8:00 pm

ROLL

RBC Bearings shares are trading lower despite reporting better-than-expected Q4 results.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 7:43 pm

CVNA

Carvana shares are trading lower after a recent run driven by strong earnings and rising used car prices.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 7:41 pm

XEL

Xcel Energy reaffirms its 2023 GAAP and ongoing earnings guidance of $3.30-$3.40 per share. Southwestern Public Service Co revised its request for an electric rate case to New Mexico Public Regulation Commission for a revenue increase to $75M.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 7:37 pm

BBY

Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating on Best Buy (NYSE:BBY) with a price target of $81. He expects Q1 results to show a sales decline of 10.1% to $9.6 billion and EPS of $1.24, down 20.8% YoY, due to challenging macro trends, high inflation, and rising interest rates.

Portfolio Pulse from Nabaparna Bhattacharya

May 19, 2023 | 6:44 pm

ARTNA

FL

FTCH

GTEC

LPG

NGS

QBTS

STXS

US stocks traded lower on Friday, with the Dow Jones dropping over 100 points. Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance. Crude oil was down 1%, while gold and silver traded higher. European shares closed higher, while Asian markets closed mixed.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 6:30 pm

DLTR

Telsey Advisory analyst Joseph Feldman reiterated an outperform rating on Dollar Tree Inc (NASDAQ:DLTR) with a price target of $165. The analyst expects solid demand, inflation, and structural changes to boost the company's Q1 earnings, which will be reported on May 25.

Portfolio Pulse from Shivani Kumaresan

May 19, 2023 | 5:45 pm

FL

KSS

Foot Locker reported a disappointing Q1 2023 with EPS down 56% YoY to $0.70, missing the FactSet consensus of $0.76. The company lowered its 2023 guidance and announced the appointment of Mike Baughn as CFO, effective June 12.

Portfolio Pulse from Shivani Kumaresan

May 19, 2023 | 5:40 pm