Streetbeat News

Stock Prices

SGMA

Sigmatron International reported Q4 earnings of $0.04 per share, a 60% decrease YoY. However, the company's sales increased by 9.07% to $108.23 million compared to $99.23 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:36 pm

CHX

HLX

NE

TDW

TS

The article lists five energy stocks that are considered overbought and may plunge in July. These include Tidewater Inc. (TDW), Noble Corporation Plc (NE), Helix Energy Solutions Group, Inc. (HLX), ChampionX Corporation (CHX), and Tenaris S.A. (TS). The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 12:35 pm

TSLA

Tesla Inc's Q2 financial results show a 47% YoY increase in revenue to $24.93 billion, beating the consensus estimate of $24.48 billion. The company reported quarterly earnings of 91 cents per share, surpassing estimates of 82 cents per share. However, gross margins were down from 25% YoY to 18.2%. Despite this, Tesla called the numbers 'healthy'. The company also confirmed that the Cybertruck is on track for initial deliveries this year. However, shares started to drift lower during the call as the company announced that Q3 production is expected to slow down due to factory shutdowns for improvements.

Portfolio Pulse from Adam Eckert

July 20, 2023 | 12:35 pm

VIR

Shares of Vir Biotechnology have resumed trading.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:32 pm

OFED

Oconee Federal Financial Corp. (OFED) has announced its intent to voluntarily delist its common stock from the NASDAQ Capital Market and deregister with the U.S. Securities and Exchange Commission (SEC). The company also announced a merger with Mutual Savings Bank, with Oconee Federal as the surviving entity. The last trading day of its shares on NASDAQ is expected to be July 31, 2023. The company will no longer be a public reporting company but will continue to publish quarterly and annual financial information.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:31 pm

SPY

The Philadelphia Fed Manufacturing Index for July came in at -13.5, worse than the estimated -10 and the prior figure of -13.7.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:30 pm

CCI

Crown Castle Inc (NYSE:CCI) reported Q2 revenues of $1.867 billion, slightly beating the consensus of $1.86 billion. Site rental revenues rose 10% Y/Y to $1.73 billion. Adjusted EBITDA increased 10% Y/Y to $1.19 billion. However, the company cut the outlook for adjusted EBITDA by $50 million at the midpoint to $4.399 billion to $4.444 billion and AFFO per share by $0.09 at the midpoint to $7.50-$7.58. CCI shares are trading lower by 4.58% Y/Y at $108.30 premarket on the last check Thursday.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 12:29 pm

PFE

Pfizer Inc has announced promising data from a Phase 2 study of its GBS6 vaccine candidate, developed to protect infants against invasive Group B Streptococcus (GBS) disease. The study enrolled 360 healthy pregnant individuals in South Africa, and the vaccine generated robust maternal antibody responses. The data suggests that GBS6 may offer meaningful protection against invasive GBS disease in newborns and young infants. Pfizer's shares are up 0.22% at $36.52 during the premarket session on the last check Thursday.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 12:27 pm

PETV

PetVivo Holdings, Inc. (NASDAQ:PETV) has achieved national distribution of its product, Spryng with OsteoCushion, to over 450 veterinary clinics across 47 states. The company is nearing a milestone of supplying its product to its 500th clinic. The product, an intra-articular injectable veterinary medical device, is used in the management of lameness and other joint related afflictions in animals.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:24 pm

CVNA

Carvana Co. (NYSE:CVNA) shares surged 40% after reporting better-than-expected Q2 sales and positive adjusted EBITDA guidance for Q3. The company also agreed with noteholders to reduce total debt, extend maturities, and lower near-term cash interest expense. Traders expect Carvana's shares to continue to rally.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 12:23 pm