Streetbeat News

Stock Prices

ARKK

F

NVDA

TOL

TSLA

URBN

US markets are seeing movement in stocks such as Urban Outfitters and Toll Brothers. Cathie Wood's Ark Investment sees drones as game-changers in food delivery. In crypto, Elon Musk has made comments about DOGE, and there are concerns about Binance. In politics, there are debates about Biden's Iran deal and potential presidential candidates. In tech, Nvidia is reportedly tripling production of an AI chip. In the EV sector, Tesla faces risks that could impact its 2023 EPS. Ford is investing in a Canada cathode plant.

Portfolio Pulse from Akanksha Bakshi

August 23, 2023 | 11:12 am

PTON

Peloton's Q4 average net monthly connected fitness churn rate increased to 1.4% from 1.1% in Q3, but remained flat year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:11 am

PTON

Peloton reported mixed Q4 results and a decline in Connected Fitness subscribers, leading to a drop in its share price. The company also issued a lower than expected Q1 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:10 am

EEMA

EWU

EZU

FLAX

SPY

On August 22, US markets closed mostly lower with bank stocks declining due to S&P Global's decision to lower credit ratings for several US banks. Asian markets saw mixed results, with Japan's Nikkei 225 and Australia's S&P/ASX 200 closing higher, while China's Shanghai Composite and Shenzhen CSI 300 fell. European markets and US futures were trading higher. Commodities saw mixed results, with crude oil and natural gas trading lower, while gold, silver, and copper were trading higher.

Portfolio Pulse from Akanksha Bakshi

August 23, 2023 | 11:10 am

PTON

Peloton has projected its Q1 total revenue to be between $580M and $600M, which is lower than the estimated $655.92M.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:09 am

PTON

Peloton's Q4 report shows a 4% YoY growth in Connected Fitness subscriptions, but a QoQ decline of 29,000 due to seasonal slowdown in hardware sales and higher than expected subscription churn.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:08 am

GRAB

Grab Holdings Inc. reported better-than-expected Q2 earnings and raised its annual adjusted EBITDA outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:06 am

ADI

Analog Devices (ADI) has forecasted its Q4 revenue for fiscal 2023 to be $2.70 billion, which is lower than the estimated $3 billion. The company also expects its adjusted EPS to be $2.00, lower than the estimated $2.39.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:06 am

KSS

Kohl's has reaffirmed its FY23 sales decrease of 2%-4%, including the impact of the 53rd week which is worth approximately 1% Y/Y. The company expects an operating margin of approximately 4.0% and sees EPS of $2.10-$2.70, versus the consensus of $2.38.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:06 am

GRAB

Grab Holdings has reaffirmed its FY2023 sales guidance of $2.20B-$2.30B, which is in line with the $2.28B estimate. The company has also raised its adjusted EBITDA guidance to a loss of $30M-$40M, a significant improvement from the previous estimate of a loss of $195M-$235M.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:05 am