Streetbeat News

Stock Prices

FRPT

Freshpet, Inc. (NASDAQ:FRPT) shares surged in premarket trading after the company reported better-than-expected Q2 earnings and upgraded its 2024 guidance. The company posted a Q2 EPS loss of $0.03, beating the consensus of a $0.08 loss, and quarterly sales of $235.253 million, surpassing the expected $231.053 million. Freshpet raised its 2024 net sales guidance to at least $965 million and adjusted EBITDA to at least $140 million.

Portfolio Pulse from Nabaparna Bhattacharya

August 05, 2024 | 12:42 pm

SPY

Federal Reserve's Goolsbee stated that the Fed has maintained a restrictive posture to prevent economic overheating. However, current data does not indicate overheating, and recent job numbers were weaker than expected but do not suggest a recession. Goolsbee emphasized the need for the Fed to be forward-looking and cautious in interpreting job reports.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:40 pm

DKNG

DraftKings shares are trading lower after Goldman Sachs maintained a Buy rating on the stock but lowered its price target from $60 to $54.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:32 pm

TSN

Tyson Foods (NYSE:TSN) reported strong Q3 results with adjusted EPS of 87 cents beating expectations. Sales rose to $13.353 billion, driven by gains in beef and pork segments, though the chicken segment saw a slight decline. The company generated strong free cash flow and improved operating margins. Despite the positive results, TSN shares are trading lower by 2.01% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 05, 2024 | 12:32 pm

CTXR

TENK

TenX Keane shares are trading higher after shareholders approved the combination with Citius Pharma's oncology subsidiary.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:25 pm

MCHP

Microchip Technology has released the Flashtec NVMe 5016 SSD controller, a 16-channel PCIe Gen 5 NVMe controller designed to meet the growing demands of AI and cloud services. The new controller enhances bandwidth, security, and flexibility.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:23 pm

HOOD

Dogecoin (DOGE) has seen a 37% drop in value over the past week amid a broader market downturn. Despite this, some traders predict a potential recovery after a possible dip below $0.07. Key metrics show mixed signals, with increased large transaction volumes but decreased daily active addresses. A significant security update is also on the horizon for Dogecoin.

Portfolio Pulse from Khyathi Dalal

August 05, 2024 | 12:22 pm

BTM

Bitcoin Depot Inc. (NASDAQ:BTM) has expanded its BDCheckout program to six new states, increasing its footprint to 31 states. This expansion allows more customers to load cash into their Bitcoin Depot digital wallets at major retail partners.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:17 pm

DSGN

Design Therapeutics (NASDAQ:DSGN) reported Q2 losses of $(0.21) per share, beating the analyst consensus estimate of $(0.23) by 8.7%. This represents a 41.67% improvement over the $(0.36) per share loss from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:17 pm

AAWH

Ascend Wellness reported Q2 2024 financial results with a 15% increase in revenue to $141.54 million but a net loss of $21.78 million. The company revised its full-year guidance due to increased retail competition and recent profitability trends. Despite challenges, Ascend Wellness remains optimistic about achieving significant year-over-year growth.

Portfolio Pulse from Nina Zdinjak

August 05, 2024 | 12:17 pm