Streetbeat News

Stock Prices

CVSI

CV Sciences, Inc. (OTCQB:CVSI) reported Q2 2023 financial results, with revenue of $4.0 million, compared to $4.1 million for the same period of 2022. The company's gross profit was $1.72 million, compared to $1.27 million in Q2 2022. The gross margin was 43.3%, versus 30.7% in Q2 2022. The net loss was $1.29 million, compared to a net loss of $2.65 million in Q2 2022. The company's shares were trading 2.07% higher at $0.0385 per share.

Portfolio Pulse from Nina Zdinjak

August 14, 2023 | 2:39 pm

DIS

Walt Disney Co's shares are trading lower by 0.92% to $88.20. The company reported better-than-expected third-quarter EPS results last week, but shares have sold off modestly since then. Disney's Q3 revenue was $22.33 billion, a 4% YoY increase, but fell short of the Street's consensus estimate. The EPS for the same period was $1.03, surpassing the Street's consensus estimate of 97 cents per share. The company's operating income was $3.56 billion, flat YoY.

Portfolio Pulse from Henry Khederian

August 14, 2023 | 2:39 pm

FBRT

IRS

LSEA

RC

SEVN

The article discusses value stocks in the real estate sector, highlighting five companies: Seven Hills Realty Trust, Landsea Homes, Franklin BSP Realty Trust, IRSA Inversiones y, and Ready Capital. These companies have been identified as undervalued based on their low P/E multiples. The article also provides Q2 earnings per share and dividend yield data for these companies.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:39 pm

ON

ON Semiconductor (NASDAQ:ON) has outperformed the market over the past 5 years by 26.86% on an annualized basis, producing an average annual return of 36.23%. If an investor had bought $1000 of ON stock 5 years ago, it would be worth $4,687.81 today.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:30 pm

MCD

Over the past 20 years, McDonald's (NYSE:MCD) has outperformed the market by 5.87% on an annualized basis, producing an average annual return of 13.59%. If an investor had bought $100 of MCD stock 20 years ago, it would be worth $1,250.87 today.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:30 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Market makers have hedged for the first time in 2023, which is a significant development as it indicates that some of the fuel that led to the stock market rise this year is now spent. The news of Chinese regulator setting up a task force due to Zhongzhi Enterprise's inability to make payments on high yield investment trusts and Country Garden's difficulty in making payments on some of its bonds led to aggressive buying of U.S. stock futures by the momo crowd. However, smart money took advantage of this strength and started selling. Negative money flows were observed in Amazon, NVIDIA, Microsoft, Alphabet, Meta Platforms, Tesla, and Apple in the early trade, while mixed money flows were seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 14, 2023 | 2:29 pm

AMD

AMZN

BABA

GOOG

META

MSFT

NVDA

QQQ

SPY

Nvidia Corp is trading higher in line with broader market ETFs SPDR S&P 500 and Invesco QQQ Trust, Series 1. Amazon is reportedly designing custom microchips to bypass Nvidia GPUs for large language model training. Microsoft, Alphabet, and Meta Platforms are also focusing on in-house chip building. Nvidia might struggle with surging demand for AI chips, creating opportunities for Advanced Micro Devices. Chinese companies, including Huawei Technologies and Alibaba Group, are building their AI chips due to U.S. AI chip sanctions.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 2:27 pm

MANU

Manchester United Ltd (NYSE:MANU) shares are trading higher following reports that the company is preparing to announce a sale. The board has been exploring strategic alternatives for the club since last November and has been reviewing offers from multiple potential buyers. Cardiff City chairman Mehmet Dalman suggested a takeover deal will be announced soon, with the sale price estimated at £7.2bn-7.3bn.

Portfolio Pulse from Adam Eckert

August 14, 2023 | 2:25 pm

INTU

PYPL

PayPal Holdings, Inc (NASDAQ:PYPL) has appointed Alex Chriss, currently Executive Vice President and General Manager of Intuit's Small Business and Self-Employed Group, as its new CEO effective from September 27, 2023. Chriss, who has been with Intuit Inc (NASDAQ:INTU) for 19 years, will also join PayPal's Board. The announcement follows the planned retirement of current CEO Dan Schulman at the end of the year.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 2:24 pm

HRYU

Trading of Hanryu Holdings' shares has resumed.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:22 pm