Streetbeat News

Stock Prices

INDI

OUST

SMCI

The article highlights three oversold tech stocks: indie Semiconductor Inc (INDI), Ouster Inc (OUST), and Super Micro Computer Inc (SMCI), all with RSI values indicating potential undervaluation. INDI and OUST reported worse-than-expected financial results, while SMCI was impacted by a short report from Hindenburg Research.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 11:31 am

GLD

NVDA

SPY

U.S. stocks ended lower as investors awaited Nvidia's quarterly report, with Nvidia shares dipping 2.1%. The Dow, S&P 500, and Nasdaq all closed lower. In Asia, markets were mixed, while European markets advanced. The U.S. dollar gained, and gold hit a new high at $2,555.

Portfolio Pulse from Akanksha Bakshi

August 29, 2024 | 11:20 am

BURL

Burlington Stores shares rose following a strong Q2 earnings report and an improved FY24 outlook.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:15 am

PSNY

Polestar reported a significant increase in car deliveries in Q2 2024, with a rise of 82% quarter-over-quarter, totaling 13,150 cars. The company is optimistic about a stronger second half of the year, especially in Q4, driven by sales of two premium SUVs. Polestar's cash and cash equivalents stood at $669 million as of June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:14 am

SSYS

Stratasys shares declined following disappointing Q2 sales and a reduction in FY24 revenue and earnings guidance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:11 am

AILE

iLearningEngines shares are experiencing a decline following a short report issued by Hindenburg.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:07 am

DXLG

Destination XL Group has revised its fiscal year 2024 sales outlook from $500 million to a new range of $470 million to $490 million, reflecting a comparable sales decrease of 6% to 10%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:06 am

AILE

Hindenburg Research has issued a short report on iLearningEngines, a company that may be associated with the ticker AILE. The report could potentially impact the stock price of AILE in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:04 am

MBUU

Malibu Boats reported a Q4 loss of $(0.39) per share, missing the $(0.32) estimate, but sales of $158.71M beat the $157.54M estimate. This represents a significant decline from last year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:04 am

BBY

Best Buy shares rose as the company reported better-than-expected Q2 financial results and increased its FY25 earnings guidance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:03 am