Streetbeat News

Stock Prices

BIG

CONN

Big Lots Inc (NYSE:BIG) is seeking a new loan backed by assets like company leases after facing years of declining same-store sales and a 10.2% drop in net sales for the quarter ending May 4. The company is returning to extreme bargains and closeout sales to combat challenges. Conn’s Inc. (NASDAQ:CONN) recently filed for bankruptcy, highlighting broader retail sector difficulties.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 1:43 pm

BLMZ

BloomZ (BLMZ) shares have resumed trading after a temporary halt. The resumption of trade could indicate a resolution of the issues that caused the halt, potentially impacting the stock price.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:40 pm

CREV

Carbon Revolution (NASDAQ:CREV) shares surged after announcing it will supply carbon fiber wheels for the new Chevrolet Corvette ZR1 by General Motors (NYSE:GM). The wheels feature a unique internal fiber architecture to meet GM's specifications. The 2025 Corvette ZR1, revealed by GM, boasts a twin-turbocharged V8 engine with over 1,000 horsepower.

Portfolio Pulse from Erica Kollmann

July 26, 2024 | 1:39 pm

PFBX

TCBI

TFC

Insiders have made notable purchases in Truist Financial, Texas Capital Bancshares, and Peoples Financial, indicating confidence in these companies. Truist Financial's CEO bought $2.52M worth of shares, Texas Capital Bancshares' Director bought $112,950 worth of shares, and Peoples Financial's Director bought $16,000 worth of shares.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 1:37 pm

DECK

Deckers Outdoor Corporation (NYSE:DECK) shares are trading higher due to better-than-expected Q1 results. The company reported revenues of $825 million, surpassing estimates of $807.94 million. Analysts from Telsey Advisory Group and Baird maintain Outperform ratings with price targets of $1,100 and $1,075, respectively. DECK's gross margin improved to 56.9%, and operating income nearly doubled to $132.8 million. The company also raised its full-year 2025 earnings guidance and repurchased 177,000 shares.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 1:37 pm

TSLA

WKSP

Ford Motor (NYSE:F) reported its Q2 results, showing a 6% YoY revenue increase to $47.81 billion, with automotive revenue surpassing estimates. Despite strong EV sales growth, Ford's EV unit reported a loss, and the company maintained its full-year EBIT guidance. General Motors (NYSE:GM) also reported strong EV deliveries but faced a decline in stock price. Worksport Ltd (NASDAQ:WKSP) is set to launch innovative products for electric pickups, potentially impacting the EV market.

Portfolio Pulse from Upwallstreet

July 26, 2024 | 1:35 pm

LMT

NVDA

PAYX

POR

Insider sales were reported for Nvidia, Lockheed Martin, Paychex, and Portland General Electric. These sales could indicate concerns about the companies' prospects or that the stocks are overpriced. Analysts have maintained positive ratings for Nvidia, Lockheed Martin, and Portland General Electric, with increased price targets.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 1:31 pm

GNTX

Gentex shares are trading lower after the company missed Q2 earnings estimates and lowered its guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:31 pm

CELH

SAM

The article highlights three oversold stocks in the consumer staples sector with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Lamb Weston Holdings Inc (LW), Boston Beer Company Inc (SAM), and Celsius Holdings, Inc (CELH).

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 1:30 pm

BTCUSD

The Trump-themed MAGA Memecoin (TRUMP) has rallied 12% ahead of the Bitcoin conference in Nashville, driven by increased sentiment and a record high in holder count. Donald Trump's attendance at the conference and his perceived crypto-friendly stance could further impact the crypto market.

Portfolio Pulse from Khyathi Dalal

July 26, 2024 | 1:29 pm