Streetbeat News

Stock Prices

M

Macy's shares are trading lower following the release of the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:24 pm

MNSO

MINISO reported better-than-expected Q4 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:24 pm

FN

Fabrinet reported better-than-expected Q4 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:23 pm

BIG

CBRL

FL

The most accurate Wall Street analysts recommend holding three consumer stocks with over 6% dividend yields: Big Lots, Inc. (BIG), Foot Locker, Inc. (FL), and Cracker Barrel Old Country Store, Inc. (CBRL). These recommendations are based on the companies' high free cash flows and high dividend payouts. Recent news for each company includes upcoming Q2 results for BIG and FL, and a CEO transition for CBRL.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 1:22 pm

APP

Jefferies has upgraded AppLovin's stock from Hold to Buy and raised its price target from $20 to $50. This has resulted in AppLovin shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:21 pm

LOW

Lowe's CEO has stated that consumer sentiment has seen a slight improvement, but it still remains below pre-pandemic levels.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:18 pm

BYDDF

TSLA

Tesla and Chinese automakers, including BYD, are projected to miss their 2023 sales growth targets by at least 50%, according to industry sources in China.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:15 pm

M

Macy's Inc reported a Q2 FY23 sales decline of 8.4% YoY to $5.13 billion, beating the analyst consensus of $5.09 billion. Brick-and-mortar sales decreased 8%, and digital sales dropped 10% YoY. The company's FY23 sales outlook is unchanged at $22.8 billion - $23.2 billion, against the consensus of $23.17 billion. However, the stock slid due to warnings about persisting macroeconomic uncertainty.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 1:14 pm

BRQS

FN

HOLO

TIO

In Tuesday's pre-market session, several information technology stocks saw significant movement. Borqs Technologies, Fabrinet, Infobird Co, Rubicon Technologies, Hitek Global, and Telos saw gains, while Tingo Group, MicroCloud Hologram, Inpixon, and NOVONIX experienced losses.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 1:06 pm

CTRN

DKS

In Tuesday's pre-market session, several consumer discretionary stocks saw significant movement. Citi Trends, Jiuzi Hldgs, JOANN, MGO Global, and Lixiang Education Hldg stocks rose, while Dick's Sporting Goods, Sunlands Technology, Landsea Homes, Academy Sports, Big 5 Sporting Goods, and Despegar.com stocks fell. Q2 earnings reports were released for several of these companies.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 1:06 pm