Streetbeat News

Stock Prices

CSCO

DLO

MRCY

TJX

The article highlights five stocks to watch on Wednesday: The TJX Companies, Inc. (TJX), Mercury Systems, Inc. (MRCY), JD.com, Inc. (JD), DLocal Limited (DLO), and Cisco Systems, Inc. (CSCO). TJX is expected to post quarterly earnings of 76 cents per share on revenue of $12.42 billion. MRCY reported weaker-than-expected Q4 results and issued a weak FY24 forecast. JD is expected to have earned 67 cents per share on revenue of $38.66 billion. DLO reported better-than-expected Q2 results and reaffirmed FY23 revenue guidance. CSCO is expected to report quarterly earnings of $1.06 per share on revenue of $15.05 billion.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 8:09 am

AAPL

Apple's 16-inch MacBook Pro with M1 Max chip is available at a $1,200 discount on Adorama. Despite the presence of M2-powered MacBooks, the M1 Max MacBook Pro remains a powerful option for most tasks, including intensive video editing and multitasking.

Portfolio Pulse from Rounak Jain

August 16, 2023 | 7:57 am

CSCO

KBE

TGT

TJX

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors, with the Dow Jones falling more than 300 points. The SPDR S&P Regional Banking ETF (KBE) declined around 3%. China reported disappointing economic data, while the U.S. saw a rise in retail sales and export prices. The Home Depot, Inc. (HD) reported better-than-expected Q2 results. Investors are awaiting earnings results from Target Corporation (TGT), The TJX Companies, Inc. (TJX), JD.com, Inc. (JD) and Cisco Systems, Inc. (CSCO).

Portfolio Pulse from Lisa Levin

August 16, 2023 | 6:58 am

BONEUSD

DOGEUSD

PEPEUSD

SHIBUSD

BONE ShibaSwap (CRYPTO: BONE), a cryptocurrency associated with the Shiba Inu ecosystem, has risen by 6% over the past 24 hours, outperforming other meme coins such as Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), and Pepe Coin (CRYPTO: PEPE) which have declined. This follows a speech by Shytoshi Kusama, the lead developer of Shiba Inu, at the Blockchain Futurist Conference.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 6:52 am

TGT

Target Corporation (NYSE:TGT) is expected to report a sharp rise in its Q2 earnings at $1.39 per share, up from 39 cents per share a year ago. However, the company's revenue might decrease to $25.18 billion from $26.04 billion in the year-ago period. Several analysts have recently adjusted their price targets for Target, with most of them reducing their estimates.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 6:33 am

TSLA

Tesla Inc (NASDAQ:TSLA) has announced a nearly 7% discount on its inventory of Model S and X vehicles in China. This comes a day after Tesla introduced a 'standard range' version of Model S and Model X priced $10,000 less than the Long Range version. The lower-priced versions come with a lower driving range.

Portfolio Pulse from Anan Ashraf

August 16, 2023 | 6:24 am

DOGEUSD

SHIBUSD

Shiba Inu's burn rate has increased by 110% in the last 24 hours, following the announcement that its layer-2 solution, Shibarium, is nearly complete. The burning mechanism, Shibburn, reported a transfer of 216 million SHIB tokens into 'inferno' wallets, a strategy to increase scarcity and potentially raise the value of the remaining tokens. Currently, $10.1 worth of SHIB buys 1,005,475 tokens.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 4:47 am

HESM

Hess Midstream LP (HESM) has announced the pricing of a secondary public offering of 10 million Class A shares at $28.80 per share, which will be sold by an affiliate of Global Infrastructure Partners. The gross proceeds from the sale are expected to be $288 million. HESM will not receive any proceeds from the sale. The offering is expected to close on August 17, 2023.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:19 am

ANTX

AN2 Therapeutics, Inc. (NASDAQ:ANTX) has announced the pricing of an underwritten offering of 7,777,778 shares of its common stock at $9.00 per share, a premium from today's closing price. The gross proceeds from the offering are expected to be approximately $70.0 million. The offering is expected to close on August 18, 2023. Investors include RA Capital Management, TCGX, Frazier Life Sciences, Marshall Wace, Adage Capital Partners LP, Avidity Partners, Janus Henderson Investors and Surveyor Capital (a Citadel company).

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:17 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant decline following a mid-afternoon selloff on Tuesday. This occurred despite the launch of Europe's first Bitcoin ETF by London-based Jacobi Asset Management on Euronext Amsterdam. The ETF, regulated by the Guernsey Financial Services Commission, is now available for trading under the ticker “BCOIN”. Crypto analyst Michael Van De Poppe noted that there have been no significant updates on ETF applications from the SEC, and another analyst predicts a potential decline for Bitcoin by the end of this year.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 3:15 am