Streetbeat News

Stock Prices

LOW

PANW

TGT

TJX

ZM

The S&P 500 and Nasdaq ended their eight-session winning streaks as investors await the Federal Reserve's Jackson Hole Symposium. Palo Alto Networks saw a 7% rise after strong earnings, while Lowe's reported good earnings but lowered its FY24 outlook. The Fear & Greed Index remains neutral.

Portfolio Pulse from Avi Kapoor

August 21, 2024 | 6:16 am

KEYS

LZB

TGT

TJX

ZM

U.S. stock futures are trading higher, with focus on several companies reporting earnings. TJX is expected to report earnings of 92 cents per share, while Keysight Technologies reported strong Q3 results and positive Q4 guidance. Target is expected to post earnings of $2.20 per share. La-Z-Boy reported better-than-expected Q1 sales but saw a decline in share price. Zoom Video is expected to report earnings of $1.21 per share.

Portfolio Pulse from Avi Kapoor

August 21, 2024 | 6:04 am

TSLA

Tesla has set a new production record at its Nevada Gigafactory, manufacturing over 500 Powerwalls in a single shift. This milestone is part of Tesla's strategy to ramp up energy storage deployments, with the company expecting significant growth in its energy business, outpacing its automotive segment.

Portfolio Pulse from Anan Ashraf

August 21, 2024 | 5:49 am

ZTO

ZTO Express has maintained its 2024 guidance, expecting parcel volume to increase by 15% to 18% year over year, reaching between 34.73 billion and 35.64 billion parcels. This reflects the company's current market and operating conditions.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:33 am

FINV

FinVolution Group has reiterated its 2024 transaction volume guidance, expecting growth in both China and international markets. The company projects a 5-10% increase in China and a 20-40% increase internationally, despite ongoing market uncertainties.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:31 am

DADA

Dada Nexus reported better-than-expected Q2 results with EPS of $(0.08) beating estimates by 20% and sales of $324.53M surpassing expectations by 2.26%. However, sales decreased by 19.14% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:20 am

ZK

ZEEKR Intelligent Tech reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.75), beating the estimate of $(1.40), and sales of $2.757 billion, surpassing the expected $2.603 billion.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:07 am

BBJP

DXJ

EWJ

Japan's exports for July increased by 10.3% year-over-year, which is below the estimated 11.4% but higher than the previous month's 5.4%. This data could impact ETFs with significant exposure to Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:23 am

BBJP

DXJ

EWJ

Japan's trade balance for July was reported at -621.8 billion yen, significantly worse than the estimated -330.7 billion yen and the prior month's 224.0 billion yen surplus. This could impact ETFs with exposure to Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:23 am