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MICS

Singing Machine Co (NASDAQ:MICS) reported a decrease in Q2 earnings to $0.02 per share, down from $0.08 YoY. Sales also fell to $15.93M from $17.11M YoY, marking a 6.91% decline.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 1:00 pm

AGL

Deutsche Bank analyst George Hill has downgraded Agilon Health (NYSE:AGL) from Buy to Hold and reduced the price target from $27 to $12.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:52 pm

DY

Shares of Dycom Industries Inc (NYSE:DY) rose after the company reported better-than-expected Q3 FY24 results. Contract revenue was $1.136 billion, a 4.6% increase year-over-year on a non-GAAP organic basis, surpassing the consensus of $1.070 billion. EPS improved to $2.82 from $1.80, beating the consensus of $1.78. Non-GAAP adjusted EBITDA increased to $166.8 million, with margins expanding to 14.7%. The company also provided a positive Q4 FY24 outlook, expecting contract revenues to be in line with the previous year and forecasting a 75 to 125 basis point increase in Non-GAAP adjusted EBITDA margin year-over-year. Dycom's stock is up 10.79% in premarket trading.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 12:50 pm

ANGH

OSN Group has committed to invest up to $50 million in Anghami, valuing the company at $3.65 per share. Upon completion of the transaction, OSN Group will hold a majority stake in Anghami.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:46 pm

LH

MRVL

SLB

TDG

Insiders at Schlumberger, TransDigm Group, Marvell Technology, and Laboratory Corporation of America have recently sold shares. Schlumberger's President of New Energy sold shares after the company was chosen by Eni S.p.A. for a methane emissions project. TransDigm's Director sold shares post better-than-expected Q4 results and an acquisition announcement. Marvell Technology's CEO sold shares following a new Buy rating and price target from Roth MKM. Laboratory Corp's SVP sold shares after JP Morgan maintained an Overweight rating and raised the price target.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 12:44 pm

DKS

Dick's Sporting Goods (DKS) reported an increase in Q3 revenues compared to last year and raised its guidance for 2023, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:39 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing to deliver its first Cybertruck, four years after its initial unveiling. The electric pickup truck, which gained attention due to a failed durability demonstration, received 250,000 pre-orders in five days. Despite production delays, Tesla is now inviting guests to a delivery event on Nov. 30 at its Texas Gigafactory. Elon Musk has projected an annual delivery target of 250,000 Cybertrucks, potentially by 2025. Reservations for the Cybertruck have surpassed two million.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 12:38 pm

EXC

Mizuho analyst Paul Fremont has downgraded Exelon (NASDAQ:EXC) from Buy to Neutral and set a price target of $40.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:38 pm

ANF

Abercrombie & Fitch (NYSE:ANF) exceeded Q3 earnings expectations with $1.83 per share against the $1.18 estimate, a significant increase from $0.01 per share last year. However, sales of $1.06B fell short of the $1.34B estimate, despite being a 20.04% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:36 pm

WDC

Goldman Sachs analyst Toshiya Hari upgraded Western Digital (NASDAQ:WDC) from Sell to Neutral and set a $48 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:36 pm