Streetbeat News

Stock Prices

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

BMBL

Bumble's shares are trading lower following the release of its Q2 financial results and future guidance for Q3 and FY23. RBC Capital and Raymond James have also reduced their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:22 pm

TBLA

Taboola.Com Ltd (NASDAQ:TBLA) reported Q2 FY23 revenues of $332 million, beating the analyst consensus of $315.44 million, despite a 3.1% YoY decrease. The company also reported an adjusted EPS loss of $(0.00), better than the expected $(0.05) loss. Gross profit slid 16.6% to $97.1 million and operating loss widened to $(25) million. The company saw new wins and renewals from key partners, and significant growth in eCommerce and Taboola News. The company raised its FY23 outlook, expecting revenues of $1.438 billion - $1.469 billion.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 3:22 pm

ABNB

A significant options activity has been observed for Airbnb (ABNB) with a sweep of 1000 calls at a strike price of $145 expiring on August 25. The calls were purchased near the ask price of $2.071, indicating bullish sentiment. The reference price for ABNB at the time was $138.3004.

Portfolio Pulse from Charles Gross

August 09, 2023 | 3:21 pm

BOOM

DMC Global reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 3:16 pm