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BKE

Buckle Inc (NYSE:BKE) reported a Q4 FY23 sales decline of 4.8% year-on-year to $382.4 million, missing analyst estimates. Comparable store sales and online sales also saw declines. Despite this, EPS of $1.59 surpassed expectations. Operating income and gross profit decreased, while operating expenses slightly increased. Buckle held $290.4 million in cash and equivalents by February 3, 2024. BKE shares closed lower by 1.28% at $37.66.

Portfolio Pulse from Shivani Kumaresan

March 15, 2024 | 12:59 pm

ASIA

BABA

META

QLVE

Alibaba Group Holding Limited (NYSE:BABA) is under investigation by the European Commission for not adequately preventing the spread of illegal products and content on its AliExpress platform. The probe, focusing on consumer safety and adherence to the Digital Services Act, could impact Alibaba's operations and reputation in the EU. The company has expressed its commitment to regulatory compliance. This comes amid broader regulatory scrutiny, including a recent fine for monopolistic practices in China and ongoing antitrust probes involving U.S. Big Tech companies like Meta Platforms Inc (NASDAQ:META). Investors can access Alibaba through ETFs like Matthews Pacific Tiger Active ETF (NYSE:ASIA) and FlexShares Emerging Markets Quality Low Volatility Index Fund (NYSE:QLVE).

Portfolio Pulse from Anusuya Lahiri

March 15, 2024 | 12:57 pm

Dollar General Corp (NYSE:DG) reported Q4 FY23 earnings surpassing expectations with a 3.4% sales decline to $9.858 billion and an EPS of $1.83. The company declared a quarterly dividend of 59 cents per share. To earn a $500 monthly dividend, an investor would need 2,542 shares, equating to approximately $381,453 investment. The dividend yield is 1.57%. DG's stock fell 5.1% to close at $150.06 following the announcement.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:56 pm

GRPH

Trading for GRPH was halted and then resumed at 8:55 AM ET, following an update on its status.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:55 pm

LFWD

Trading status for LFWD was updated at 8:55:00 AM ET, indicating a resumption of quotations, news, and trading times.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:55 pm

CMI

UBS analyst Steven Fisher upgrades Cummins (NYSE:CMI) from Neutral to Buy and raises the price target from $254 to $321.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:52 pm

CPRT

GRIN

SMR

TNC

As of March 15, 2024, five industrials sector stocks are considered overbought based on their RSI values, indicating potential short-term performance issues. These include Grindrod Shipping Holdings Ltd. (GRIN), NuScale Power Corporation (SMR), Copart, Inc. (CPRT), General Electric Company (GE), and Tennant Company (TNC), each showing significant price movements and corporate developments.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:50 pm

BYDDY

HMC

NSANY

Nissan Motor Co., Ltd (OTC:NSANY) and Honda Motor Co., Ltd (NYSE:HMC) have announced a strategic partnership focusing on vehicle electrification and intelligence to achieve carbon neutrality and zero traffic-accident fatalities. This collaboration includes a feasibility study on automotive software platforms, EV components, and complementary products. Amidst tough competition in China and declining sales, both companies are considering production cutbacks, contrasting with BYD Company's (OTC:BYDDY) expansion in Japan. Honda aims for carbon neutrality by 2050 with a plan to sell only electrified cars by 2040, while Nissan targets carbon neutrality across its product lifecycle by 2050. Additionally, Honda's stock is currently trading above its 200-day moving average, indicating a bullish signal for investors.

Portfolio Pulse from Shivani Kumaresan

March 15, 2024 | 12:50 pm

AVGO

BWA

KHC

WDAY

Insiders at Broadcom, Kraft Heinz, BorgWarner, and Workday have recently sold shares, indicating potential concerns or views of overvaluation. Workday's insider sold shares after upbeat earnings, Broadcom's insider sold following earnings beat, BorgWarner's insider sold after a new VP appointment, and Kraft Heinz's insider sold after reporting weaker-than-expected sales.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:50 pm

SMAR

Smartsheet Inc. (NYSE:SMAR) reported Q4 results surpassing market estimates with adjusted earnings of 34 cents per share and quarterly sales of $256.900 million. However, the company's FY25 revenue forecast fell short of expectations, leading to a 10.4% drop in pre-market trading. Analysts from Keybanc, Barclays, Oppenheimer, Wells Fargo, and Jefferies adjusted their price targets on Smartsheet following the earnings announcement.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:48 pm