Streetbeat News

Revenues

BYDDF

NIO

TSLA

XPEV

According to the China Passenger Car Association, China's passenger vehicle sales fell 2.9% YoY in June to 1.91 million units. However, sales rose 2.5% in H1 to 9.65 million units.

Portfolio Pulse from Charles Gross

July 10, 2023 | 8:27 am

ASX

ASE Technology reported Q2 net revenue of $4.46B, marking a decline of 18.7% YoY. The company's revenue for the month of June was $1.52B, down 22.5% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 7:28 am

BMBL

NVDA

RIVN

Barron's has highlighted several stocks in its weekend review, including General Motors (GM), Rivian (RIVN), Bumble (BMBL), Nvidia (NVDA), Mastercard (MA), and Visa (V). GM's stock has been boosted by strong Q2 US deliveries. RIVN is believed to be on the right track towards executing its long-term business model. Despite BMBL's shaky stock, there's optimism about the company's payer growth. NVDA is seen as a promising player in the AI space. MA and V are still considered strong plays due to strong earnings and potential for higher revenue.

Portfolio Pulse from Justin Chan

July 08, 2023 | 4:58 pm

COST

Costco's shares are trading lower after the company reported its June sales results.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 7:43 pm

MCO

MSFT

Oppenheimer analyst Owen Lau reiterated an Outperform rating on Moody's Corporation (MCO), with a price target of $362. MCO's use of its proprietary GenAI tools across the organization is applauded. However, GenAI is seen as an enabler of workflow, not a substitute for credit analysts. MCO's partnership with Microsoft (MSFT) is also noted as a way to gain new customers. Lau expects MCO's 2Q23 revenues to increase by 9.8% Y/Y to $1.52 billion.

Portfolio Pulse from Nabaparna Bhattacharya

July 07, 2023 | 6:44 pm

STGW

Needham analyst Laura Martin reiterated a Buy rating and a $10 price target for Stagwell Inc (NASDAQ:STGW). On July 20, Needham will host a deep dive into five new products of STGW's Marketing Cloud, which are expected to drive revenue growth over the next 12-24 months. The products include Harris Brand Platform, PRophet, Koalifyed, Media Studios, and ARound.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 6:24 pm

NVDA

Tigress Financial Partners analyst Ivan Feinseth reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) and raised the price target from $320 to $560. Nvidia is emerging as a core holding in the generative AI investment theme and is expected to benefit from the projected $1 trillion worth of global data infrastructure spending transitioning to accelerated computing. The company's Q1 results showed strong revenue growth, with the Data Center segment achieving record revenue of $4.28 billion, up 14% YoY. Nvidia's forecasted growth includes a 107.43% increase in net sales revenue to $53.68 billion and a 131.19% increase in economic operating cash flow to $33.15 billion over the next twelve months.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 4:42 pm

TGTX

TG Therapeutics, Inc. (NASDAQ:TGTX) shares are moving higher after the company reported first quarter product revenue from its drug Briumvi at $7.8 million and projected continued revenue growth. The stock is also receiving attention from retail investors and has a considerable short interest of 18.59%.

Portfolio Pulse from Erica Kollmann

July 07, 2023 | 3:06 pm

AMZN

KSS

LEVI

NKE

Levi Strauss & Co (LEVI) narrowly beat Wall Street estimates but slashed its full year guidance due to a drop in wholesale revenues and weakened U.S. sales. Wholesale customers such as Macy’s Inc (M) and Kohl’s Corporation (KSS) now contribute less than 30% to Levi's total business. Levi's Q2 sales dropped 9% YoY to $1.34 billion, with a net loss of $1.6 million. The company is focusing on direct-to-consumer channels, which resulted in a 13% rise in DTC revenues. Levi's also plans to reduce prices on some items at its wholesale partnership stores.

Portfolio Pulse from Upwallstreet

July 07, 2023 | 1:44 pm

TORO

Toro Corp. (NASDAQ:TORO) has completed the sale of M/T Wonder Musica, a 2004-built Aframax/LR2 tanker, for $28.0 million. The company expects to record a net gain of $17.1 million from the sale in Q3 2023, excluding any transaction-related costs.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 1:06 pm