Streetbeat News

Stock Prices

SGH

Smart Global Holdings, Inc. (NASDAQ:SGH) reported Q2 earnings of 27 cents per share, surpassing estimates by 8%. Sales were $284.8 million, slightly above estimates but down 33.64% year-over-year. Non-GAAP gross margin decreased to 31.5% from 33.3%. The company provided Q3 guidance with earnings of 30 cents per share and revenue of $300 million, both below analyst expectations. SGH shares dropped 11.57% in after-hours trading.

Portfolio Pulse from Erica Kollmann

April 09, 2024 | 8:28 pm

SKIN

The Beauty Health Company (SKIN) and COO Brad Hauser have mutually agreed to terminate Hauser's employment without cause, effective April 9, 2024. Hauser will stay in an advisory role until June 30, 2024. His departure is not due to any disagreements on financial reporting, operations, policies, or practices.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:27 pm

BLIN

Bridgeline Digital has received a letter from Nasdaq confirming that it has regained compliance with Nasdaq Listing Rule 5550(A)(2), according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:20 pm

CVX

MPC

NRG

USO

VLO

XLE

XOM

Three energy stocks, Marathon Petroleum Corporation (MPC), NRG Energy, Inc. (NRG), and Valero Energy Corporation (VLO), are among the S&P 500's top 10 performers in 2024, driven by a 20% increase in oil prices tracked by the United States Oil Fund (USO) and a forecasted average Brent crude oil spot price of $89 per barrel. The Energy Select Sector SPDR Fund (XLE) has also seen a significant 16% increase year-to-date. Several large-cap U.S. energy companies, including Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), and others, are set to report their Q1 2024 earnings by the end of April.

Portfolio Pulse from Piero Cingari

April 09, 2024 | 8:18 pm

SBUX

Investors and traders have shown a mixed sentiment towards Starbucks (NASDAQ:SBUX), with a notable volume of bearish and bullish options trades. The options scanner revealed 21 unusual trades, indicating a split sentiment with 47% bullish and 52% bearish. The trades suggest a price target range of $70 to $100 for SBUX. The company operates over 38,000 stores globally and is currently priced at $87.13, with neutral RSI indicators. Analysts have issued a consensus target price of $101.8, with varying ratings from Neutral to Overweight.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 8:15 pm

BKNG

Big money investors have shown a bearish stance on Booking Holdings (NASDAQ:BKNG), as evidenced by unusual options trading activity. Benzinga's options scanner revealed 21 uncommon trades, with a sentiment split between 42% bullish and 57% bearish. The trades include 7 puts and 14 calls, aiming for a price range of $2000 to $4200 for BKNG over the next three months. The current trading volume and RSI values suggest BKNG may be approaching overbought territory, with its next earnings report due in 23 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 8:15 pm

SGH

SMART Global Holdings (SGH) reported Q2 2024 adjusted EPS of $0.27, surpassing the $0.25 estimate, with sales of $284.8M exceeding the $283.792M forecast. This represents a 33.64% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:11 pm

WDFC

WD-40 shares are trading lower due to mixed Q2 financial results, indicating a potential short-term negative impact on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:10 pm

MDGS

Medigus has announced a corporate rebranding initiative, including changing its name to Xylo Technologies Ltd. The Nasdaq trading symbol will also change to 'XYLO'. This rebranding effort encompasses a new corporate logo and website.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:06 pm

PSMT

Pricesmart (NASDAQ:PSMT) reported Q2 adjusted earnings of $1.31 per share, surpassing the consensus estimate of $1.25, and sales of $1.29 billion, also beating the estimate of $1.28 billion. This represents a 4.8% increase in earnings and a 13.05% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:03 pm