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HIBB

Hibbett, Inc. (NASDAQ:HIBB) reported weaker-than-expected Q1 FY23 results, with sales growth of 7.4% YoY to $455.50 million, missing the consensus of $460.40 million. EPS of $2.74 also missed the analyst consensus of $3.04. Following the earnings announcement, several analysts cut their price targets on Hibbett.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 11:58 am

DAL

DEA

KLAC

On CNBC's 'Halftime Report Final Trades,' analysts recommended KLA Corporation (KLAC), Easterly Government Properties (DEA), and Delta Air Lines (DAL). KLA Corp reported better-than-expected Q3 results and issued Q4 guidance above estimates. Easterly Government Properties reported a decline in core FFO for Q1, and Delta Air Lines named Mike Spanos as COO.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 11:57 am

BTCUSD

ETHUSD

Former Goldman Sachs executive Raoul Pal predicts Ethereum (ETH) to reach $3,600 by October, with Bitcoin (BTC) and Solana also poised for growth. Pal believes cyclical and secular trends have created a perfect market opportunity for ETH and BTC.

Portfolio Pulse from Mehab Qureshi

May 30, 2023 | 11:55 am

ORA

Ormat Technologies (NYSE:ORA) has resumed operations at its Heber 1 power plant in California after a temporary shutdown due to a fire incident in February 2022. The company also completed the expansion of the Dixie Valley power plant in Nevada.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:53 am

CGC

Canopy Growth Corporation (NASDAQ: CGC) will acquire a 20% stake in Indiva Limited for $2.2 million, granting Canopy Growth exclusive rights to manufacture, distribute, and sell Wana-branded products in Canada.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:47 am

NVDA

TSLA

Ark Investment Management founder Cathie Wood questions Nvidia's valuation, stating that it is not the only AI play. She highlights Tesla as a significant beneficiary of AI advancements and sees dozens of AI winners based on Ark's research.

Portfolio Pulse from Shanthi Rexaline

May 30, 2023 | 11:45 am

ESLT

Elbit Systems reported Q1 FY23 revenue of $1.393 billion, a 3% YoY increase, beating the consensus of $1.390 billion. However, adjusted EPS of $1.70 missed the consensus of $1.73. Aerospace revenues were down 10% YoY, while the company declared a dividend of $0.50 per share.

Portfolio Pulse from Akanksha Bakshi

May 30, 2023 | 11:42 am

EXPI

JOE

MDV

OPAD

RTL

The article lists the top 5 overbought real estate stocks, including Necessity Retail REIT (RTL), Offerpad Solutions (OPAD), eXp World Holdings (EXPI), The St. Joe Company (JOE), and Modiv Inc. (MDV). These stocks have high RSI values, indicating they may be overvalued and present an opportunity to go short.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 11:33 am

AAL

DAL

LUV

SAVE

UAL

The TSA reported screening nearly 9.8 million airline passengers over the four-day holiday weekend, surpassing pre-COVID 2019 levels by 300,000. This indicates a strong recovery in air travel demand.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:32 am

GRNA

GreenLight Biosciences shares have resumed trading after a temporary halt. The company is known for its RNA-based solutions for agriculture, human health, and animal health.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:31 am