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DXC

DXC Technology reported a Q4 FY23 revenue decline of 10.4% Y/Y to $3.59 billion, missing the consensus of $3.62 billion. The company also announced the appointment of Rob Del Bene as CFO, effective June 15, 2023. DXC shares are trading lower by 2.27% premarket.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 11:48 am

TM

Toyota Motor Corp (NYSE:TM) unveiled the fourth-generation Tacoma truck, set to be available in early 2024. The company aims to maintain its leadership in the mid-size pickup truck market. The new Tacoma features new designs, two turbocharged engine options, and an i-FORCE MAX hybrid model.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 11:42 am

HYMTF

KIMTF

Hyundai Motor Co (HYMTF) and Kia Corp (KIMTF) have agreed to pay $200 million to settle a consumer class-action lawsuit related to thefts of their vehicles inspired by a viral TikTok challenge. The settlement covers around 9 million U.S. owners and includes up to $145 million for out-of-pocket losses.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 11:39 am

BRK-B

OXY

Berkshire Hathaway has increased its stake in Occidental Petroleum to 24.4% by purchasing 3.46 million shares for $201 million. The firm now owns 217.3 million Occidental shares worth about $12.7 billion, as well as $9.5 billion of preferred stock and warrants.

Portfolio Pulse from Anusuya Lahiri

May 19, 2023 | 11:36 am

ALV

NIO

TSLA

Chinese EV maker NIO has invested $145.42 million for a 19.9% stake in nuclear fusion startup Neo Fusion. Nio Capital, founded by NIO's CEO, invested $73.81 million for a 10.1% share. NIO also partnered with Autoliv China to develop safety products for electric vehicles and sustainable technologies.

Portfolio Pulse from Anusuya Lahiri

May 19, 2023 | 11:29 am

CALC

HUSA

KOPN

VWE

Insiders have been aggressively buying shares of Houston American Energy Corp. (HUSA), CalciMedica Inc. (CALC), Vintage Wine Estates Inc. (VWE), and Kopin Corporation (KOPN), indicating their confidence in these companies' prospects. These stocks are all trading under $3.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 11:28 am

ROST

Ross Stores reported Q1 FY23 sales growth of 3.7% YoY to $4.49 billion, slightly missing the analyst consensus estimate of $4.50 billion. EPS of $1.09 beat the consensus of $1.06. The company warned that prolonged inflationary pressures could negatively impact customer spending.

Portfolio Pulse from Shivani Kumaresan

May 19, 2023 | 11:26 am

BROS

CELH

ONON

CNBC Mad Money host Jim Cramer praised On Holding AG (NYSE:ONON), calling it the 'fastest growing sneaker company in the world.' The Swiss sneaker maker, backed by tennis legend Roger Federer, recently reported a 78% sales growth in Q1, exceeding consensus estimates. Cramer also recommended energy drink maker Celsius Holdings Inc. (NASDAQ:CELH) and coffee chain Dutch Bros Inc. (NYSE:BROS) as top picks for young investors.

Portfolio Pulse from Aveek Bhowmik

May 19, 2023 | 11:25 am

FL

Foot Locker reported weak Q1 earnings with an 11.4% YoY sales decline to $1.93 billion, missing analyst estimates. Adjusted EPS of $0.70 also missed the consensus of $0.81. The company cut its FY23 guidance and announced a quarterly cash dividend of $0.40 per share.

Portfolio Pulse from Shivani Kumaresan

May 19, 2023 | 11:20 am

FL

Foot Locker has corrected its prior 2023 comparable sales guidance, which was previously down 3.5-5.5%.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 11:18 am