Streetbeat News

Revenues

RH

WSM

The article discusses the potential for a surprise comeback for certain stocks in the consumer discretionary sector during the holiday shopping season. It highlights RH and Williams-Sonoma as companies expected to perform well, while others may struggle.

Portfolio Pulse from

December 11, 2024 | 12:45 pm

GME

GameStop's Q3 2024 earnings exceeded expectations, but revenue declined by 20.2%. Despite a recent stock increase, long-term performance is poor, with shares down 69% since January 2021. Improved margins and interest income boosted profits, but EBITDA decline indicates ongoing operational struggles.

Portfolio Pulse from

December 11, 2024 | 12:45 pm

CRM

Salesforce, Inc. (CRM) is enhancing its platform to enable users to deploy AI at scale, attracting significant investment.

Portfolio Pulse from

December 11, 2024 | 12:45 pm

YOU

Levi & Korsinsky has initiated an investigation into Clear Secure, Inc. (NYSE:YOU) for potential violations of federal securities laws following a reported slowdown in new users of its annual membership service in the third quarter.

Portfolio Pulse from

December 11, 2024 | 12:45 pm

MQ

Levi & Korsinsky has initiated an investigation into Marqeta, Inc. (NASDAQ:MQ) for potential violations of federal securities laws. This follows Marqeta's recent reduction in its revenue growth forecast for Q4 2024.

Portfolio Pulse from

December 11, 2024 | 12:45 pm

PGZFF

Pan Global Resources Inc. announced successful results from its second phase tin metallurgy test program at the La Romana deposit in Spain, achieving high tin concentrate grades and increased overall tin recovery.

Portfolio Pulse from

December 11, 2024 | 12:45 pm

ADDYY

NKE

XLY

Consumer discretionary stocks are rebounding with recent FED rate cuts. Nike has seen a 27% loss YTD, while Adidas has gained 24% post-Yeezy settlement. Adidas shows stronger performance with increased sales and profits, while Nike faces challenges under new leadership.

Portfolio Pulse from

December 11, 2024 | 12:30 pm

KBLB

Kraig Biocraft Laboratories, Inc. has achieved a record-setting production of over 1,200 pounds of recombinant spider silk cocoon in 2024, marking a significant milestone for the company.

Portfolio Pulse from

December 11, 2024 | 12:30 pm

CLOV

Clover Health Investments is making financial progress in 2024 with innovative Medicare Advantage plans and technology-driven healthcare solutions. The company achieved a 4.0 rating for its PPO plan, indicating improved quality of care and potential for higher CMS reimbursements. Despite a slight membership decline, net income losses have decreased significantly from 2022 to 2024.

Portfolio Pulse from

December 11, 2024 | 12:30 pm

PLCKF

Plurilock Security Inc. has secured a US$1.1 million order from a Fortune 50 U.S. conglomerate, showcasing its ability to deliver tailored network management solutions. The contract, secured through its subsidiary Aurora Systems Consulting, will be recognized over three years.

Portfolio Pulse from

December 11, 2024 | 12:15 pm