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CRWD

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is set to release its Q2 2024 financial results on August 30, 2023. The options market predicts a stock decline, with CrowdStrike trading about 2x its average daily put volume. Analysts expect the company to report quarterly earnings at 56 cents per share on revenue of $724.13 million.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:32 pm

NIO

Nio reported worse-than-expected Q2 financial results and issued Q3 guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 12:31 pm

TNET

TriNet Group, Inc. (NYSE:TNET) has announced the preliminary results of its fixed price tender offer to repurchase up to 5,981,308 shares of its common stock, representing approximately $640 million in value, at a price of $107.00 per share. The company also entered into a repurchase agreement with Atairos Group, Inc., its largest stockholder, to purchase at least 3,364,486 shares, representing approximately $360 million in value. The total shares to be acquired in the tender offer and the share repurchase represent approximately 16% of the company's outstanding shares.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:30 pm

SCVL

Shoe Carnival, Inc. (NASDAQ:SCVL) reported Q2 sales of $294.62 million, down 5.7% YoY but beating consensus estimates. However, its EPS of $0.71 missed the analyst consensus of $0.84. The company cited soft traffic results in lower-income households and urban markets as a reason for the decline. It also reduced its 2023 net sales outlook and EPS guidance. Despite this, the company plans to add 6 to 10 new stores in FY23 and aims to surpass 500 stores by 2028.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2023 | 12:23 pm

BBY

Best Buy's CEO has announced signs of stabilization in the company's home theater business, with TV sales trends improving in Q2 and units returning to growth.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:23 pm

AGIL

DRTS

TIVC

Several stocks are experiencing significant pre-market movements. Tivic Health Systems (TIVC) rose 62.4% after announcing a partnership with AmerisourceBergen. Shineco (SISI), noco-noco (NCNC), Caravelle International Group (CACO), and iCoreConnect (ICCT) also saw gains. Bright Scholar Education (BEDU) rose 14.7% following its recent financial results announcement. Alpha Tau Medical (DRTS) surged 8.3% after reporting Q2 results. On the losing side, Orgenesis (ORGS), Vahanna Tech Edge Acquisition (VHNA), AgileThought (AGIL), Genius Group (GNS), and BIT Mining (BTCM) fell in pre-market trading.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:20 pm

MMM

3M Company (NYSE:MMM) has reached a settlement of $6.0 billion for the Combat Arms Earplug lawsuits, to be paid from 2023 to 2029. The company offers an annual dividend yield of 5.76%, which is $1.50 a share quarterly. To earn $500 monthly from 3M dividends, an investor would need to own approximately $104,120 worth of 3M, or 1,000 shares. The dividend yield can change as the dividend payment and the stock price fluctuate over time.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:19 pm

FXI

MU

SPY

U.S. Commerce Secretary Gina Raimondo has criticized China's actions towards Micron Technology, suggesting a lack of rationality in their approach.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:14 pm

TDY

Teledyne FLIR Defense, a subsidiary of Teledyne Technologies Incorporated (NYSE:TDY), has signed a $31 million contract with Kongsberg Defence & Aerospace to provide its Cerberus XL mobile counter-unmanned aerial system (UAS) for Ukraine. The deal includes delivery of the surveillance platforms, software, spares, support, and training. Kongsberg recently signed an agreement with the International Fund for Ukraine (IFU) to deliver counter-drone systems to Ukraine.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:08 pm

NSSC

NAPCO Security Techs (NASDAQ:NSSC) reported Q4 earnings of $0.28 per share, beating the analyst consensus estimate of $0.27 by 3.7%. However, the company's quarterly sales of $44.66 million missed the analyst consensus estimate of $45.82 million by 2.54%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 12:03 pm