Streetbeat News

Stock Prices

AMBA

Ambarella, Inc. (NASDAQ:AMBA) shares rose after the company reported better-than-expected Q2 results, with a loss of 13 cents per share and revenue of $63.724 million. The company anticipates double-digit revenue growth in Q3. Analysts have raised price targets, with an average 1-year target of $78.08, indicating a 47.91% upside.

Portfolio Pulse from Erica Kollmann

August 28, 2024 | 2:12 pm

SMCI

Super Micro Computer Inc (SMCI) shares dropped 23.7% after announcing a delay in filing its Form 10-K due to an assessment of internal controls. A short report by Hindenburg Research accused SMCI of accounting manipulation and other unethical practices, raising concerns about its growth in the AI sector. The semiconductor industry is also awaiting NVIDIA's earnings report, which could impact market sentiment.

Portfolio Pulse from Henry Khederian

August 28, 2024 | 2:10 pm

PSNY

Polestar Automotive shares are trading lower following the announcement of a new CEO.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:10 pm

UTME

UTime shares resumed trading after a circuit breaker halt. The halt was triggered due to significant price movement, indicating high volatility in the stock.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:09 pm

BOF

BranchOut Food shares resumed trading after a circuit breaker halt. This indicates significant volatility in the stock, which could be due to various factors such as market reactions or company-specific news.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:09 pm

POSAF

POSaBIT Systems Corporation reported a 69% year-over-year revenue drop for Q2 2024, but improved its net loss by 71%. The company achieved adjusted EBITDA profitability and positive free cash flow, launched new products, and saw a 28.61% increase in share price.

Portfolio Pulse from Nina Zdinjak

August 28, 2024 | 2:06 pm

AAPL

AMZN

GOOGL

MAGS

META

MSFT

NVDA

SPY

TSLA

A Benzinga poll reveals that Nvidia is the top pick among the Magnificent 7 stocks for retirement investment, outperforming others like Apple and Microsoft. The Magnificent 7 have consistently outperformed the SPDR S&P 500 ETF over the past five and ten years.

Portfolio Pulse from Chris Katje

August 28, 2024 | 2:06 pm

RILY

B. Riley Financial shares have resumed trading after a temporary halt. The reason for the halt was not specified in the article.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:03 pm

SJM

J.M. Smucker Company (NYSE:SJM) reported Q1 earnings with adjusted EPS of $2.44, beating estimates, but slightly missed sales expectations. Despite a rise in gross profit, the company lowered its FY25 outlook due to inflationary pressures and demand elasticity concerns, causing shares to drop 4.59%.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2024 | 2:03 pm

FINV

QFIN

YRD

Yiren Digital Ltd. (NYSE:YRD) reported a 13% revenue growth in Q2, driven by small revolving loans. Despite increased provisions for bad debt, Yiren's loan quality remains stable compared to peers. The company plans to pay semi-annual dividends and has a low P/E ratio, making it an attractive investment despite profit declines.

Portfolio Pulse from The Bamboo Works

August 28, 2024 | 2:01 pm