Streetbeat News

Revenues

SGML

Sigma Lithium expects to produce 60,000 tons of 5.0 Green Lithium in the third quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:41 am

STG

Sunlands Technology expects Q3 2024 net revenues to be between RMB490 million to RMB510 million, representing a year-over-year decrease of 2.8% to 6.6%.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:34 am

STG

Sunlands Technology reported a decrease in Q2 earnings per share (EPS) to $1.65 from $1.73 year-over-year (YoY) and a decline in sales to $67.73 million from $72.59 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:31 am

QQQ

SPY

Paul Christopher from Wells Fargo predicts a significant upswing in the stock market, similar to the 1995 boom, due to falling inflation and stable economic growth. He expects the Federal Reserve to cut rates, which could benefit financial and tech stocks. The S&P 500 and Russell 2000 are showing strong performance, with SPY and QQQ ETFs closing higher.

Portfolio Pulse from Benzinga Neuro

August 16, 2024 | 8:09 am

GIPR

Generation Income (NASDAQ:GIPR) reported Q2 2024 earnings of $0.03 per share, beating the analyst estimate of $0.02 by 50%. The company also reported sales of $2.259 million, surpassing the estimate of $2.250 million by 0.40%. This represents a 69.98% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:21 am

AXIL

AXIL Brands reported a significant increase in its FY24 earnings per share (EPS) and revenue. The EPS rose to $0.21 from $0.10 year-over-year (YoY), and revenue increased by 17% to $27.498 million from $23.521 million YoY. The gains were primarily driven by enhanced marketing and sales initiatives in the hearing protection and enhancement segment.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:19 am

SPY

Anthony Scaramucci attributes the recent market rebound to Kamala Harris' rising poll numbers, suggesting investor relief over a potential Democratic win. The Nasdaq Composite, S&P 500, and Dow Industrials have all seen significant gains since the Aug. 5 market crash. The SPDR S&P 500 ETF Trust (SPY) also ended Thursday's session up 1.71%.

Portfolio Pulse from Shanthi Rexaline

August 16, 2024 | 7:09 am

PSN

TPC

Tutor Perini has secured a $1.66 billion contract to build six rail stations and an elevated guideway in Honolulu. The project design will start immediately, with construction beginning in the second half of 2025 and substantial completion expected by 2030. Parsons Corporation will serve as the design subcontractor.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:00 am

BABA

CINT

CSCO

FLO

MSGE

WMT

U.S. stocks surged on Thursday, with the Dow Jones climbing over 550 points and the S&P 500 gaining for the sixth consecutive session. Positive economic data, including a 1% rise in retail sales for July and a decline in initial jobless claims, contributed to the market's performance. Alibaba reported disappointing sales, while Walmart posted strong Q2 results and raised its full-year guidance. Cisco Systems saw a significant rise in its stock price following better-than-expected earnings. Investors are now awaiting earnings results from Madison Square Garden Entertainment, CI&T, and Flowers Foods.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 6:46 am

EWU

U.K. retail sales for July increased by 0.5% month-over-month, falling short of the estimated 0.6%. The previous month's sales were revised to a decline of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:38 am