Streetbeat News

Earnings

CRWD

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are moving higher as the company prepares to release its quarterly fiscal earnings on August 28. Analysts estimate an EPS of 98 cents and revenue of $958.69 million. The company is also facing legal action from Delta Air Lines over a July 19 outage, which Delta claims caused $500 million in damages. Multiple analysts have recently adjusted their price targets for CrowdStrike.

Portfolio Pulse from Dylan Berman

August 14, 2024 | 6:16 pm

SNFCA

Security National Financial Corporation (NASDAQ:SNFCA) reported a Q2 EPS of $0.30, up 11.11% YoY, and sales of $85.79M, up 2.32% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:03 pm

SBIG

SpringBig Holdings, Inc. (OTCQX:SBIG) reported a narrowed net loss for Q2 2024, with revenue totaling $6.6 million, an 8.3% YoY decline but a 2% QoQ increase. The company highlighted the traction of new offerings and reduced operating expenses by 36% YoY. Adjusted EBITDA turned positive at $0.3 million.

Portfolio Pulse from Jelena Martinovic

August 14, 2024 | 5:57 pm

EATZ

PSL

USFD

US Foods Holding Corp. (NYSE: USFD) shares are trading higher after announcing a $211 million share repurchase from Sachem Head Capital Management LP. The repurchase is part of a $1 billion program authorized on June 1, 2024. The company also reported strong Q2 sales and maintained its FY24 guidance. Investors can gain exposure via AdvisorShares Restaurant ETF (NYSE: EATZ) and Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ: PSL).

Portfolio Pulse from Lekha Gupta

August 14, 2024 | 5:55 pm

ALBT

DGLY

EWCZ

OUST

PFGC

SERV

VRCA

U.S. stocks traded higher with the Dow Jones gaining over 200 points. Performance Food Group (PFGC) shares rose 8% after strong Q4 results. Avalon Globocare (ALBT), Digital Ally (DGLY), and Serve Robotics (SERV) saw significant gains, while Ouster (OUST), Verrica Pharmaceuticals (VRCA), and European Wax Center (EWCZ) experienced notable declines.

Portfolio Pulse from Avi Kapoor

August 14, 2024 | 5:53 pm

IEDI

XLY

Home Depot's (NYSE:HD) price forecasts for 2024 have been lowered by several analysts following modest sales growth and a weaker consumer outlook. Despite reporting a slight sales increase and beating EPS estimates, analysts have cut price targets and revised earnings estimates downward. Investors can also gain exposure to Home Depot through ETFs like iShares U.S. Consumer Focused ETF (BATS:IEDI) and SPDR Select Sector Fund – Consumer Discretionary (NYSE:XLY).

Portfolio Pulse from Lekha Gupta

August 14, 2024 | 5:48 pm

HUT

Hut 8 Corp (NASDAQ:HUT) experienced a volatile trading week following mixed second-quarter earnings. Despite initial market disappointment due to revenue and EBITDA misses, analysts from Benchmark and Needham maintained Buy ratings, citing future revenue diversification, cost reductions, and improved mining efficiency. Benchmark set a price target of $17, while Needham set it at $15. The stock saw a recovery, trading higher by 1.73% at $11.15 on Wednesday.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 5:35 pm

AAPL

PDD

TCOM

XIACY

The article discusses bullish bets on Chinese stocks, highlighting Xiaomi's success in the electric car market and comparing it to Apple's failed attempt. It also mentions two specific bullish trades on PDD Holdings and Trip.com Group, based on their undervaluation and technical ratings.

Portfolio Pulse from David Pinsen

August 14, 2024 | 5:34 pm

SONO

Sonos has laid off approximately 100 employees, primarily from its marketing division, as it continues to address issues with its mobile app redesign. The company is also closing some customer support offices, including one in Amsterdam. CEO Patrick Spence has emphasized that fixing the app is the company's top priority, even delaying two hardware launches to focus on this issue.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:33 pm

GOOGL

SBUX

SCHW

TLT

TSLA

USO

XLF

XLY

Wall Street experienced mixed reactions as the July consumer inflation report showed a continued cooling trend, with the headline CPI at 2.9% year-over-year. Financial stocks outperformed, while communication services and consumer discretionary sectors lagged. Key movers included Alphabet Inc., Tesla Inc., and Starbucks Inc. Long-dated Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. The U.S. dollar index remained steady, while oil prices and Bitcoin declined.

Portfolio Pulse from Piero Cingari

August 14, 2024 | 5:28 pm