Streetbeat News

Stock Prices

WIX

Wix.com Ltd's shares are up by 7% following its Q3 FY23 results. The company reported a 14% Y/Y revenue growth to $393.8 million, beating the consensus of $389.7 million. The growth was led by the third consecutive quarter of Partners revenue growth (+38% Y/Y), strong GPV growth, and improved performance in the new cohorts of users. The company also raised its FY23 revenue outlook to $1.558 billion-$1.563 billion from $1.543 billion - $1.558 billion vs. the consensus of $1.56 billion.

Portfolio Pulse from Lekha Gupta

November 09, 2023 | 10:47 am

FVRR

Fiverr International Ltd (NYSE:FVRR) reported Q3 FY23 sales growth of 12.1% YoY to $92.53 million, beating the analyst consensus estimate of $91.15 million. Active buyers dipped slightly to 4.164 million from 4.249 million last year. The company's Q4 2023 revenue outlook is $88.1 million - $95.1 million, against the consensus of $93.33 million. FVRR shares closed higher by 0.15% at $24.09 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

November 09, 2023 | 10:31 am

BAK

Braskem (NYSE:BAK) reported a 29.30% decrease in sales this quarter, with sales of $3.42 billion compared to $4.83 billion in the same period last year. The company also reported a net loss of $497 million.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:16 am

Weibo (NASDAQ:WB) reported its Q3 earnings results, beating estimated earnings by 1.79% with an EPS of $0.57. However, revenue was down $11.41 million from the same period last year. Last quarter, the company beat on EPS by $0.02, which was followed by a 8.83% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 10:00 am

RIVN

TSLA

XOM

ExxonMobil Corp (XOM) has overtaken Tesla Inc. (TSLA) to become the most shorted large-cap stock in the S&P 500, according to a report by HazelTree. ExxonMobil scored 99 on HazelTree's 'Crowdedness Score', indicating it is the most shorted by the highest percentage of funds tracked by the firm. Tesla scored 97. Rivian Automotive (RIVN) leads in terms of institutional supply utilization with 37%, significantly higher than ExxonMobil's 3.13% and Tesla's 2.67%.

Portfolio Pulse from Benzinga Neuro

November 09, 2023 | 8:58 am

BDX

DIS

HUBS

USFD

WYNN

US Foods Holding Corp. (USFD), The Walt Disney Company (DIS), Wynn Resorts, Limited (WYNN), HubSpot Inc (HUBS), and Becton, Dickinson and Company (BDX) are the stocks to watch heading into Thursday. USFD is expected to report quarterly earnings of 69 cents per share on revenue of $9.11 billion. DIS reported better-than-expected earnings for its third quarter and added around 7 million core subscribers for Disney+. WYNN is expected to earn 75 cents per share on revenue of $1.59 billion. HUBS posted upbeat results for its third quarter. BDX is expected to report quarterly earnings at $3.43 per share on revenue of $5.02 billion.

Portfolio Pulse from Lisa Levin

November 09, 2023 | 8:40 am

Li Auto forecasts Q4 revenue to be between $5.27B and $5.40B, surpassing the estimated $4.86B. The company also expects vehicle deliveries to increase by 169.9%-176.3% year-over-year, reaching 125,000-128,000 units.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 8:39 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is now the world's most valuable short with a short interest of $18.36 billion, according to S3 Partners. Approximately 3.03% of the float, or around 83.34 million shares, are currently shorted. Despite a 14.72% decline in stock price over the past month, short sellers have seen a $1.76 billion decrease. The upcoming Cybertruck launch event on Nov. 30 could potentially squeeze short sellers out of their positions if the stock starts to rise.

Portfolio Pulse from Shanthi Rexaline

November 09, 2023 | 8:39 am

BDX

HOOD

RBLX

USFD

WYNN

The CNN Money Fear and Greed index remained in the 'Fear' zone on Wednesday, indicating a cautious market sentiment. U.S. stocks closed mixed, with the S&P 500 recording gains for the eighth straight day. Robinhood Markets (NASDAQ:HOOD) shares fell over 14% after reporting mixed Q3 results, while Roblox Corporation (NASDAQ:RBLX) shares rose around 12% after reporting Q3 results. Investors are awaiting earnings results from Becton, Dickinson and Company (NYSE:BDX), US Foods Holding Corp. (NYSE:USFD), and Wynn Resorts, Limited (NASDAQ:WYNN).

Portfolio Pulse from Lisa Levin

November 09, 2023 | 8:38 am

SONY

Sony Group has revised its FY23 sales forecast down to $87.32B from $90.37B, which is still higher than the estimated $82.8B. The company also expects a net income of $6.20B, down from the previous $6.37B.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 8:38 am