Streetbeat News

Stock Prices

WSM

Williams-Sonoma, Inc. (NYSE:WSM) is expected to report lower Q3 earnings at $3.35 per share compared to $3.72 per share a year ago, with revenue estimated at $1.96 billion. The company's shares rose 2.1% to close at $161.39 recently. Analysts from Evercore ISI Group, JP Morgan, Wells Fargo, Wedbush, and Barclays have made recent price target changes, with varying ratings from 'In-Line' to 'Underweight' and price targets ranging from $123 to $150.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 8:51 am

GLBE

Keybanc analyst Josh Beck has maintained an Overweight rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $42 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:47 am

NTES

NetEase (NASDAQ:NTES) reported Q3 adjusted earnings per ADS of $1.82, surpassing the $1.45 estimate, a 14.47% increase from last year. However, sales of $3.74B fell short of the $3.81B estimate, despite being 8.84% higher than the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:40 am

AMAT

BABA

CSCO

HI

WMT

U.S. stock futures are slightly lower with investor focus on earnings reports from Alibaba, Cisco Systems, Walmart, Hillenbrand, and Applied Materials. Alibaba is expected to report before the opening bell, with shares up 0.8% after-hours. Cisco reported higher earnings but lowered future projections, causing an 11% share drop after-hours. Walmart is anticipated to report earnings of $1.52 per share on $159.55 billion revenue, with a slight gain in after-hours trading. Hillenbrand shares rose 4.5% after reporting better-than-expected Q4 results. Applied Materials is expected to report earnings after the closing bell, with a minor dip in after-hours trading.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 8:30 am

TGT

Target Corporation (NYSE:TGT) has announced a week-long Black Friday sale from Nov. 19 to Nov. 25, offering significant discounts across various categories. Shoppers can expect up to 50% off on tech, video games, and toys, up to 40% off on apparel and accessories, and numerous deals on groceries and essentials.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:02 am

AUGX

Augmedix, Inc. (NASDAQ:AUGX) has upsized its public offering to 6.25 million shares at $4.00 per share, up from the previously announced 5.5 million shares. The offering is expected to raise $25 million before fees and expenses. The company granted underwriters an option to purchase an additional 937,500 shares. The proceeds will fund sales and marketing, R&D, general and administrative costs, working capital, capital expenditures, and general corporate purposes, with a focus on accelerating its product roadmap for emergency department care solutions. The offering is set to close around November 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 7:31 am

ALGT

Allegiant (ALGT) has announced the launch of twelve new nonstop routes to popular vacation destinations, starting in Spring 2024. The expansion will increase network options in 22 cities. To promote these routes, Allegiant is offering promotional one-way fares starting at $49.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 7:27 am

BORR

Borr Drilling (NYSE:BORR) reported Q3 sales of $191.50M, slightly surpassing the analyst consensus estimate of $191.00M by 0.26%. This represents a significant increase of 77.48% compared to $107.90M in sales during the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 7:20 am

NKLA

Trevor Milton, founder of Nikola Corp (NASDAQ:NKLA), is seeking probation to avoid jail time after being convicted of fraud. His lawyers argue that Nikola is a 'real company with real products,' unlike Theranos. They claim Milton had no malicious intent, just unwavering faith in his company. Nikola's Q3 gross loss increased, and a recall was issued for its battery electric trucks due to fire incidents.

Portfolio Pulse from Anan Ashraf

November 16, 2023 | 6:59 am

BLK

U.S. Presidential candidate Vivek Ramaswamy criticized BlackRock's Bitcoin ETF application, calling the investment firm 'a tentacle of the government.' He expressed support for cryptocurrencies and plans to be a pro-crypto president. Ramaswamy sees Bitcoin as an alternative to the Federal Reserve system and views the government as threatened by its popularity. He also criticized regulatory bodies like the SEC, calling them a 'cancer' and 'unconstitutional.' BTC price was up 5.33% at the time of reporting.

Portfolio Pulse from Mehab Qureshi

November 16, 2023 | 6:27 am