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AMZN

EADSY

GOOG

GOOGL

MSFT

Amazon considers launching an ad-supported Prime Video tier to boost its ad business and entertainment revenue. Google and Microsoft face backlash for including ads in AI trials without opt-out options. Airbus records a 34% YoY increase in May deliveries.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 12:39 pm

TTC

Toro Co has reduced its FY23 sales growth guidance to 7%-8% from the previous 7%-10%, with an adjusted EPS of $4.7-$4.8, down from the prior $4.7-$4.9. The new guidance is below the estimated $4.99B in sales and $4.85 in EPS.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 12:38 pm

PRPO

Precipio, Inc. announces a $2M registered direct offering and concurrent private placement, with the sale of 4,125,000 shares of common stock and pre-funded warrants. The offering is expected to close on June 12, 2023, and the net proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 12:36 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) announced progress on the planned sale of its Lago Vista site in Austin, Texas. The initial auction phase, conducted by Crexi, generated significant interest and has now moved to direct negotiations with interested parties.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 12:34 pm

HOFT

Hooker Furnishings Corp (NASDAQ:HOFT) reported a Q1 FY24 sales decline of 17.3% Y/Y to $121.82 million, missing consensus estimates. EPS of $0.13 beat analyst expectations. The company's board approved an additional $5 million share buyback authorization and declared a quarterly cash dividend of $0.22 per share.

Portfolio Pulse from Lekha Gupta

June 08, 2023 | 12:33 pm

CNVS

Cineverse Corp. (NASDAQ:CNVS) has announced a 1-for-20 reverse stock split to decrease the total number of shares outstanding and increase the market price to meet Nasdaq Capital Market listing requirements. The split will go into effect on June 9, 2023.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 12:33 pm

DAL

LUV

SAVE

UAL

The FAA has grounded departures to Philadelphia International Airport due to low visibility, potentially affecting airlines such as DAL, LUV, SAVE, and UAL.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 12:33 pm

CVNA

Carvana expects to achieve adjusted EBITDA over $50 million and total gross profit per unit above $6,000 in Q2, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 12:26 pm

CYB

OLB

WDH

The most oversold stocks in the financial sector, with RSI values below 30, include Waterdrop Inc. (WDH), WisdomTree Chinese Yuan Strategy Fund (CYB), and The OLB Group, Inc. (OLB). These stocks present an opportunity to buy into undervalued companies.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 12:23 pm

GME

SMTC

Semtech Corporation shares rose 24.8% in pre-market trading after reporting better-than-expected Q1 results. Other notable gainers include Airspan Networks, Baosheng Media Group, and Acorda Therapeutics. On the other hand, GameStop shares dropped 18.4% in pre-market trading after reporting worse-than-expected Q1 results and naming Ryan Cohen as executive chairman.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 12:23 pm