Streetbeat News

Revenues

BKE

Buckle Inc (NYSE:BKE) reported Q3 FY23 sales of $303.46 million, an 8.7% decrease YOY, missing estimates of $316.70 million. Comparable store sales fell by 9.2%, and online sales dropped 16.2%. Operating expenses decreased by 3.3%, while gross profit declined by 11%, with a gross margin contraction of 120 basis points to 48.5%. Operating income decreased by 19.3%, but EPS of $1.04 beat the $0.98 estimate. Despite the sales decline, BKE shares rose by 8.65% to $37.93.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 3:38 pm

TAK

The European Commission has approved an expanded use of Takeda's TAKHZYRO (lanadelumab) for routine prevention of Hereditary Angioedema (HAE) in patients aged 2 years and older, making it the first long-term prophylactic HAE treatment in the EU for patients under six. The approval includes a new 150 mg strength for younger patients and is supported by clinical data from a Phase 3 study and extrapolation from an adult and adolescent study.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:26 pm

TWST

Twist Bioscience's stock is up following the release of their Q4 financial results, which surpassed expectations. Additionally, the company provided Q1 2024 revenue guidance that exceeded analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:17 pm

YTRA

Yatra Online reported a 14% year-over-year increase in Q2 sales, amounting to $11.40 million.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:40 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

Iran's backchannel messaging indicating a desire to avoid conflict with the U.S. has led to a collapse in oil prices, reducing inflation fears and triggering a stock market rally. The SPDR S&P 500 ETF Trust (SPY) is consolidating after a rally, with the market showing overbought signals. $2 trillion in options are expiring, and their rollover decisions could impact the market direction. Positive early money flows are seen in Amazon (AMZN), Microsoft (MSFT), and Apple (AAPL), while negative flows are in Alphabet (GOOG), Meta Platforms (META), NVIDIA (NVDA), and Tesla (TSLA). Mixed flows are in SPY and Invesco QQQ Trust (QQQ). The SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) are popular ETFs for gold and silver, respectively, and the United States Oil ETF (USO) is the most popular for oil.

Portfolio Pulse from The Arora Report

November 17, 2023 | 2:39 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) is targeting $20 billion in merchandise exports from India by 2025, focusing on small sellers. Bhupen Wakankar, director of global trade at Amazon, highlighted the growth of entrepreneurs on the platform and the demand for 'Made in India' products. Amazon Global Trade has over 100,000 small manufacturers from India, with many experiencing a 70% annual business growth. The company has reduced subscription fees for its global selling program to support exporters. AMZN shares saw a slight increase of 0.10% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 2:16 pm

CYTO

Altamira Therapeutics has initiated a strategic repositioning by partially spinning off its Bentrio business. The company has entered into a binding agreement to sell a 51% stake in Altamira Medica for approximately $2.3 million, while retaining a 49% share of the company's capital. Additionally, Altamira Therapeutics is entitled to receive 25% of future licensing income from the business.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:06 pm

BJ's Wholesale Club Holdings Inc (NYSE:BJ) reported Q3 FY23 sales of $4.92 billion, missing estimates by $0.04 billion. Comparable club sales were up 0.3%, with flat sales excluding gasoline. Membership fee income rose 6.6%, and digitally enabled sales increased 16% Y/Y. Gross profit and operating income saw modest increases, while adjusted EPS of $0.98 beat estimates by $0.02. The company repurchased $17.1 million in stock and reaffirmed its FY23 EPS guidance, but lowered its comparable club sales growth forecast. BJ's stock fell 4.59% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

November 17, 2023 | 2:04 pm

EDBL

Edible Garden has implemented technology funded by a grant from BRISEA and has also received a new grant from the NJ Economic Development Authority. This move could enhance the company's operations and financial health.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:02 pm

AMAT

ASML

KLAC

LRCX

Chipmaking equipment manufacturers like Lam Research and ASML are seeing a surge in revenue from China, which accounts for over 40% of their sales, despite U.S. trade restrictions. Lam Research reported nearly half its revenue from China, while ASML, despite a ban on its most advanced systems, also saw significant Chinese sales. Applied Materials experienced elevated sales in China and anticipates a return to the typical 30% level over time. Industry experts warn that China's strategy to front-load orders may not be sustainable, and stricter export rules could impact future growth. A U.S. criminal investigation into Applied Materials for alleged export violations has raised concerns, affecting its stock and peers like KLA Corp and Lam.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 1:39 pm