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BN

Brookfield (NYSE:BN) has outperformed the market over the past 20 years, producing an average annual return of 13.4%. If an investor had bought $1000 of BN stock 20 years ago, it would be worth $12,332.11 today.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:30 pm

ANET

Arista Networks (NYSE:ANET) has outperformed the market over the past 5 years, producing an average annual return of 21.22%. If an investor had bought $1000 of ANET stock 5 years ago, it would be worth $2,635.64 today. The company currently has a market capitalization of $54.94 billion.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:30 pm

BKSY

BlackSky Technology Inc (NYSE:BKSY) reported Q2 2023 revenue growth of 28% YoY to $19.33 million, missing the consensus of $20.55 million. The company's EPS loss of 24 cents also missed the consensus loss of 12 cents. However, BlackSky won over $35 million in new contracts and renewal agreements since Q2 began. The company reaffirmed its FY23 outlook, expecting 2023 revenue of $84 million - $96 million. BKSY shares are trading lower by 2.72% at $1.79 premarket.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 3:27 pm

DNLI

Denali Therapeutics reported its Q2 financial results, which led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:26 pm

DIS

Walt Disney Company (NYSE:DIS) is set to release its second-quarter financial reports after market close on Wednesday. The company is expected to report earnings of 97 cents per share and revenue of $22.48 billion. DIS shares are currently moving on above-average volume, with more than 7.5 million shares traded in the session. The stock is down by 0.74% at $87.48 at the time of publication.

Portfolio Pulse from Erica Kollmann

August 09, 2023 | 3:25 pm

SPY

UNG

The White House has acknowledged the recent spike in natural gas prices and stated that it continues to monitor the global energy market.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 3:25 pm

TWLO

Twilio Inc (NYSE:TWLO) reported a revenue beat for Q2, causing its shares to spike in early trading. However, analysts have mixed views on the company's future. While Needham and Oppenheimer maintain positive ratings, citing potential growth in the Data & Applications segment and improving operating margins, RBC Capital Markets and KeyBanc Capital Markets express concerns about competition, AI positioning, and decelerating revenue growth.

Portfolio Pulse from Priya Nigam

August 09, 2023 | 3:25 pm

AMD

Shares of Advanced Micro Devices, Inc. (AMD) are trading lower amid weakness in semiconductor stocks, possibly due to Super Micro Computer's earnings. Super Micro Computer reported Q2 earnings of $3.51 per share, surpassing estimates by 36.58%, and sales of $2.19 billion, surpassing estimates by 15%. However, the company's Q1 projections for adjusted EPS and revenues are lower than estimated values.

Portfolio Pulse from Henry Khederian

August 09, 2023 | 3:23 pm

CEVA

CEVA, Inc. reported a 21% YoY decline in Q2 FY23 revenue to $26.17 million, missing the consensus of $30.62 million. The company's licensing business was impacted by a slowdown in the funding of semiconductor startups. Licensing, non-recurring engineering (NRE), and related revenue decreased 24% YoY to $16.8 million, while royalty revenue declined by 15% YoY to $9.4 million. CEVA shares traded lower by 14.5% at $21.47.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2023 | 3:22 pm

RIVN

Rivian Automotive reported Q2 financial results, beating analyst consensus estimates with losses of $1.08 per share and sales of $1.12 billion. The company produced 13,992 EVs and delivered 12,640 EVs in Q2, and is on track to meet its 50,000 vehicle annual production guidance. Rivian has updated its production guidance to 52,000 and reduced its expected capital expenditures for the year. Needham analyst Chris Pierce reiterated Rivian with a Buy and maintained a $31 price target. RIVN shares are trading over 7% lower.

Portfolio Pulse from Erica Kollmann

August 09, 2023 | 3:22 pm