Streetbeat News

Stock Prices

PSMT

PriceSmart Inc reported a Q3 FY23 revenue increase of 6.4% Y/Y to $1.097 billion, slightly missing the consensus of $1.100 billion. Net merchandise sales rose 7.1% Y/Y to $1.07 billion. Adjusted EBITDA stood at $63.2 million vs. $51.3 million a year ago. Adjusted EPS of $1.02 exceeded the consensus of $0.85. The company authorized a share buyback of up to $75 million in the quarter. PSMT shares closed lower by 5.06% at $73.00 after-hours on Monday.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 9:18 am

TFC

Jefferies analyst Ken Usdin has downgraded Truist Finl (NYSE:TFC) from Buy to Hold and lowered the price target from $37 to $32.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 9:00 am

BTTX

The FDA has approved Better Therapeutics' AspyreRx, a prescription-only digital therapeutic treatment providing cognitive behavioral therapy to adult patients with type 2 diabetes. This has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:32 am

BYRN

CAMP

IOVA

VOXX

WDFC

CalAmp Corp. reported a loss for Q1 and issued a weak revenue forecast for Q2, causing its shares to fall 1.9%. Byrna Technologies is expected to post quarterly earnings of 1 cent per share on revenue of $12 million. Iovance Biotherapeutics priced its public offering of 20 million shares at $7.50 per share, leading to a 9.9% drop in its shares. WD-40 Company reported better-than-expected Q3 results and announced a 50 million share buyback program, causing its shares to gain 4.1%. VOXX International Corporation reported downbeat Q3 results, leading to a 12.8% dip in its shares.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 8:16 am

ASHR

GLCN

The Shanghai Composite closed today's session at 3,221.37, up 0.55%, while the Shenzhen CSI 300 closed 0.65% higher at 3,869.49.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:07 am

AAPL

KeyBanc Capital Markets analyst, Brandon Nispel, has maintained an Overweight rating for Apple Inc. (AAPL) and increased the price target from $180 to $200, despite predicting a 19% quarter-over-quarter decline in U.S. hardware revenue for the June quarter. The analyst cites lukewarm consumer spending data and softness in Apple's indirect channel as reasons for the muted expectation. However, the bull case for the stock is due to excitement around new products and investors reaching for safety.

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 8:00 am

BTCUSD

MSTR

Berenberg Capital Market has set a price target of $430 for MicroStrategy Inc (NASDAQ:MSTR), citing the company's extensive Bitcoin holdings as a key value driver. The firm anticipates that the upcoming Bitcoin halving event in 2024, which reduces the rate of new coin issuance by 50%, will likely boost MicroStrategy's prospects. However, the halving could negatively impact Bitcoin miners, particularly those operating with suboptimal efficiency or high costs.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 7:35 am

BYRN

HELE

The CNN Money Fear and Greed index remained in the 'Extreme Greed' zone on Monday, with U.S. stocks closing higher after a poor performance last week. Helen of Troy Limited (NASDAQ:HELE) shares jumped over 18% after reporting better-than-expected Q1 results and issuing guidance. Investors are awaiting earnings results from Byrna Technologies Inc. (NASDAQ:BYRN).

Portfolio Pulse from Lisa Levin

July 11, 2023 | 6:22 am

IOVA

Iovance Biotherapeutics has priced its public offering at $7.50 per share, expecting to raise approximately $150 million in gross proceeds before deductions for underwriting discounts, commissions, and other estimated offering expenses.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 5:49 am

ADPT

DKNG

KTOS

SURF

TSM

Ark Investment Management, led by Cathie Wood, has invested $3.28 million in Taiwan Semiconductor Manufacturing Company Limited (TSM), purchasing 32,896 shares. This comes after TSM reported better-than-expected Q2 sales. Ark also bought shares of PagerDuty, Inc. (PD) and Adaptive Technologies, Inc. (ADPT). Meanwhile, it sold shares of Kratos Defense & Security Solutions, Inc. (KTOS), Surface Oncology, Inc. (SURF), and DraftKings, Inc. (DKNG).

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 5:45 am