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CSCO

Cisco Systems Inc's shares are trading higher after the company reported better-than-expected Q4 financial results, with revenues up 16% YoY and EPS up 43% YoY. Several analysts have raised their price targets on the stock. The company also declared a quarterly dividend of 39 cents per share. Cisco's outlook for Q1 and full-year 2024 revenue and earnings also beat estimates.

Portfolio Pulse from Adam Eckert

August 17, 2023 | 1:28 pm

CSCO

Cisco Systems reported better-than-expected financial results, leading to a rise in its stock price. Several analysts have subsequently increased their price targets for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:27 pm

FSR

Fisker Inc (NYSE:FSR) shares are moving higher after the company released additional information on the Fisker Alaska pickup truck. The vehicle will be built in the US with an estimated base price of $45,400 and is expected to enter production in Q1 2025. The Fisker Alaska will have an expandable truck bed and will be offered with two battery packs ranging from 230 miles to 340 miles.

Portfolio Pulse from Adam Eckert

August 17, 2023 | 1:26 pm

KULR

KULR Technology Group has withdrawn its proposed public offering due to market volatility. The decision was made to protect the interests of the company and its shareholders.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:25 pm

AAL

DAL

Delta Air Lines (DAL) plans to extend its flight schedule to China with ten weekly flights to Shanghai from its Seattle and Detroit hubs starting October 29. In March, Delta will restart its service from Los Angeles to Shanghai, a route last used in February 2020. American Airlines (AAL) will also reportedly increase its flights to China, beginning daily operations from Dallas-Fort Worth to Shanghai in January. This comes after the Biden administration announced that the U.S. and China would allow twice the number of passenger flights currently permitted between the two countries.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 1:23 pm

PLCE

Children's Place Inc (NASDAQ:PLCE) reported a Q2 FY23 sales decline of 9.3% YoY to $345.59 million, beating the analyst consensus of $342.64 million. The sales decline was due to a slowdown in consumer demand, increased promotional activity, and permanent store closures. The company narrowed its FY23 sales guidance to $1.575 billion - $1.585 billion, with an EPS of $1.00-$1.25. PLCE shares are trading higher by 9.39% at $29.00 in premarket.

Portfolio Pulse from Shivani Kumaresan

August 17, 2023 | 1:14 pm

CELL

PhenomeX Inc.'s shares are set to resume trading at 9:50 a.m. ET.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:09 pm

AGR

D

POR

Three high-yielding dividend stocks in the utilities sector have been highlighted by Wall Street's most accurate analysts. These include Dominion Energy, Inc. (D), Avangrid, Inc. (AGR), and Portland General Electric Company (POR). Recent analyst ratings and price targets have been provided for each, along with recent news such as Q2 revenue growth for Dominion Energy and lower-than-expected earnings for Avangrid and Portland Gen Electric.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 1:08 pm

BABA

BX

CLF

MS

Stephen Weiss of Short Hills Capital Partners named Alibaba Group Holding Limited (BABA) as his final trade on CNBC's 'Halftime Report Final Trades'. Alibaba Cloud's business communication and collaboration platform DingTalk will split from Alibaba Cloud as the latter will spin off from Alibaba Group to seek an IPO. Jim Lebenthal of Cerity Partners named Cleveland-Cliffs Inc. (CLF) as his final trade. Karen Firestone of Aureus Asset Management picked Blackstone Inc. (BX). Joseph Terranova of Virtus Investment Partners picked Morgan Stanley (MS).

Portfolio Pulse from Priya Nigam

August 17, 2023 | 1:08 pm

PFGC

Performance Food Group Co (PFGC) reported Q4 sales growth of 1.9% Y/Y to $14.87 billion, missing the consensus of $15.07 billion. Adjusted EPS increased 6.5% Y/Y to $1.14, in line with the consensus. For FY24, PFGC expects net sales of $59 billion-$60 billion and adjusted EBITDA of $1.45 billion-$1.5 billion. Following the earnings announcement, analysts from Stephens & Co., Barclays, and UBS raised their price targets on PFGC.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 1:07 pm