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OPFI

OppFi has announced its Q3 2024 adjusted EPS forecast to be between $0.20 and $0.22, surpassing the estimated $0.17.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:52 am

VSTO

B. Riley Securities has downgraded Vista Outdoor (NYSE:VSTO) from Buy to Neutral, while maintaining the price target at $43.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:51 am

OPFI

OppFi Inc has reaffirmed its FY24 revenue guidance of $510M-$530M, which is in line with the estimated $518.914M. Additionally, the company has raised its adjusted EPS guidance to $0.73-$0.75, up from the prior $0.58-$0.62, and above the estimated $0.60.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:50 am

OPFI

OppFi (NYSE:OPFI) reported Q2 2024 earnings per share of $0.29, significantly beating the analyst estimate of $0.15. The company also reported sales of $126.304 million, surpassing the $122.688 million estimate. This represents a 3.12% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:47 am

SFTBY

SoftBank announced a $3.4 billion share buyback following its first-quarter earnings report, which showed mixed results with a net profit of $71.5 million despite significant losses in its Vision Fund. The buyback aims to address shareholder concerns about the company's market capitalization.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 9:34 am

ABNB

Airbnb Inc. (NASDAQ:ABNB) shares dropped by 15.84% in pre-market trading following a mixed Q2 earnings report. While sales exceeded expectations, earnings per share fell short. The company also forecasted a moderation in bookings for the upcoming quarter.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 9:20 am

MCHI

Strategists warn that the unwinding of Chinese yuan carry trades could pose a new threat to global markets, similar to the recent yen carry trade unwinding. Citigroup strategists highlight that while the positioning in yen is not extreme, the yuan carry trades are still crowded. The iShares MSCI China ETF (NASDAQ:MCHI) saw a slight decline amid these concerns.

Portfolio Pulse from Shanthi Rexaline

August 07, 2024 | 8:43 am

TSLA

Tesla CEO Elon Musk emphasized the need to make the Cybertruck more affordable in the future. The company plans to introduce a lower-priced version in 2025. Tesla is ramping up production with a goal of delivering 250,000 units starting in 2025 and aims for Cybertruck profitability by the end of the year. The use of in-house dry cathode 4680 cells is expected to reduce costs significantly.

Portfolio Pulse from Anan Ashraf

August 07, 2024 | 8:10 am

BTCUSD

Bitcoin whales have accumulated nearly $23 billion worth of BTC in the past month, indicating a potential accumulation phase. Despite recent market volatility, Bitcoin has shown signs of recovery, with its price increasing by 14% to $56,703. Experts predict further market volatility, but long-term indicators remain bullish.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 8:05 am

DIS

Economist Peter Schiff criticized the Federal Reserve's inflation management strategy, using the recent price hikes of Disney+ and Hulu as an example. Schiff sarcastically thanked Fed Chair Jerome Powell for bringing inflation 'close enough to 2%' to initiate interest rate cuts, suggesting that if inflation were still around 5%, Disney might have increased prices by 50%. Starting October 17, Disney+ with ads will cost $9.99 per month, a 25% increase, while the ad-free version will rise by 14% to $15.99 per month.

Portfolio Pulse from Ananya Gairola

August 07, 2024 | 8:02 am