Streetbeat News

Stock Prices

BMO

Bank of Montreal (NYSE:BMO) reported Q2 earnings with an EPS of $2.93, beating estimates by 23.63%. Revenue was up $1.09 billion YoY. Last quarter, the company beat EPS estimates by $0.07, followed by a 1.26% increase in share price.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 10:05 am

XPEV

XPeng reported Q1 adjusted EPADS of $(0.37), missing the $(0.26) estimate, and sales of $587.31M, missing the $741.07M estimate. This represents a 32.14% decrease in losses and a 50.06% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 10:03 am

DIS

Disney's image has taken a hit due to its legal battle with Florida Governor Ron DeSantis, dropping 12 spots to the 77th position in the 2023 Axios Harris Poll 100. Disney's reputational quotient fell from 73.4 in 2022 to 70.9 in 2023. The company is facing challenges in its streaming business, box office, and cable subscriptions, as well as shareholder activism.

Portfolio Pulse from Shanthi Rexaline

May 24, 2023 | 9:44 am

AAPL

LOW

TSLA

The S&P 500 dropped over 1% on Tuesday amid concerns over progress in U.S. debt ceiling talks and ahead of the Federal Reserve's release of minutes from its recent meeting. Zoom Video Communications and Lowe's Companies reported better-than-expected Q1 results, while Apple and Tesla shares contributed to the Nasdaq 100's 1.28% decline.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 9:35 am

Agilent Technologies reported Q2 FY23 revenues of $1.72 billion, beating estimates, with growth across all segments. However, the company lowered its FY23 outlook amid increased market uncertainties, causing its shares to tumble.

Portfolio Pulse from Lekha Gupta

May 24, 2023 | 9:29 am

SITE

Barclays analyst Matthew Bouley downgraded SiteOne Landscape Supply (NYSE:SITE) from Equal-Weight to Underweight and lowered the price target from $146 to $144.

Portfolio Pulse from richadhand@benzinga.com

May 24, 2023 | 9:17 am

TSLA

Tesla's newly appointed Vice President of Automotive Operations, Tom Zhu, has acquired 339,060 shares through exercising stock options. Zhu's success in China has led to increased confidence from CEO Elon Musk, and he has been given the responsibility of commissioning the new Giga Mexico plant.

Portfolio Pulse from Shanthi Rexaline

May 24, 2023 | 8:39 am

ADI

KSS

NVDA

PANW

URBN

Analog Devices, Nvidia, Palo Alto Networks, Urban Outfitters, and Kohl's are stocks to watch heading into Wednesday. ADI is expected to post earnings of $2.75 per share on revenue of $3.21 billion, while NVDA is expected to earn 92 cents per share on revenue of $6.52 billion. PANW reported better-than-expected Q3 results and raised its annual projections, and URBN reported better-than-expected Q1 results with a 6.3% YoY inventory decline. KSS is expected to post a quarterly loss of 42 cents per share on revenue of $3.34 billion.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 8:06 am

AIEQ

GOOG

GOOGL

MSFT

NVDA

PLTR

The AI-Powered Equity ETF (AIEQ) is lagging behind the S&P 500 and Nasdaq Composite in year-to-date returns, despite the market rally being driven by AI-based stocks. AIEQ has gained 2.4% in 2023, while the S&P 500 and Nasdaq have gained over 8% and 20%, respectively. The ETF's top holding is Palantir Technologies (PLTR), but it does not own popular AI stocks such as Nvidia (NVDA) and Microsoft (MSFT).

Portfolio Pulse from Bhavik Nair

May 24, 2023 | 7:04 am

QQQ

SPY

Economist Mohamed El-Erian warns that the ongoing debt ceiling impasse benefits US adversaries and could harm the perception of US markets. He also expressed surprise at the market's stability despite uncertainties surrounding the debt ceiling, the Fed's next move, and credit conditions.

Portfolio Pulse from Bhavik Nair

May 24, 2023 | 6:40 am