Author: Lisa Levin

SunCar Technology Group Inc. SDA shares gained 51.5% to $29.53. LL Flooring Holdings, Inc. LL shares rose 18.8% to $4.92. LL Flooring confirmed the receipt of $5.76 per share unsolicited, non-binding proposal from Cabinets To Go, a subsidiary of F9 Brands. Nano-X Imaging Ltd. NNOX gained 12.7% to $19.23. Chindata Group Holdings Limited CD surged 11.1% to $5.59 after reporting first-quarter results. Lyell Immunopharma, Inc. LYEL shares gained 10.8% to $3.0595. Palomar Holdings, Inc. PLMR climbed 10.6% to $52.30 as the company announced successful completion of June 1 reinsurance renewal and raised full year 2023 adjusted net income guidance. …

Credit Suisse boosted the price target for Microsoft Corp MSFT from $350 to $420. Credit Suisse analyst Sami Badri maintained the stock with an Outperform rating. Microsoft shares fell 0.5% to close at $331.21 on Tuesday. JP Morgan raised the price target for Chevron Corporation CVX from $161 to $170. JP Morgan analyst John Royall upgraded the stock from Underweight to Neutral. Chevron shares rose 0.3% to $153.60 in pre-market trading. Goldman Sachs boosted the price target for nVent Electric PLC NVT from $55 to $58. Goldman Sachs analyst Joe Ritchie maintained a Buy rating. nVent Electric shares rose…

Hewlett Packard Enterprise Co HPE reported better-than-expected earnings for its second quarter, while sales missed expectations.The company’s revenue came in at $6.97 billion, which missed estimates of $7.31 billion. EPS of 52 cents surpassed estimates of 48 cents.HPE sees third-quarter revenue of $6.7 billion to $7.2 billion versus estimates of $7.24 billion. The company expects third-quarter earnings to be between 44 cents and 48 cents per share versus estimates of 46 cents per share.HPE raised its full-year earnings guidance to a range of $2.06 to $2.14 per share versus estimates of $2.07 per share.HPE shares dropped 8.6% to $14.19 in…

Ambarella Inc AMBA reported upbeat earnings for its first quarter, but issued a weak second-quarter forecast.Ambarella reported first-quarter revenue of $62.14 million, which narrowly beat estimates for revenue of $62.01 million. The company reported a quarterly loss of 15 cents per share, which came in ahead of estimates for a loss of 21 cents per share.Ambarella expects second-quarter revenue to be between $60 million and $64 million versus estimates of $67.17 million.Ambarella shares dropped 18.8% to $66.50 in today’s pre-market trading session. Rosenblatt cut the price target on Ambarella from $100 to $95. Rosenblatt analyst Kevin Cassidy maintained a Buy…

HP Inc. HPQ reported better-than-expected earnings for its second quarter, while sales missed expectations.HP posted adjusted earnings of 80 cents per share, topping market estimates of 76 cents per share. The company’s sales came in at $12.91 billion, versus estimates of $13.07 billion.HP said it sees third-quarter adjusted earnings of 81 cents to 91 cents per share and FY23 adjusted earnings of $3.30 to $3.50 per share.HP shares dropped 5.3% to $29.30 in today’s pre-market trading session. B of A Securities raised the price target on HP from $26 to $27. B of A Securities analyst Wamsi Mohan maintained an…

NetApp, Inc. NTAP is expected to report its financial results for the fourth quarter after the closing bell on May 31, 2023.Analysts expect the company to post quarterly earnings at $1.34 per share, down from year-ago earnings of $1.42 per share. The company’s revenue might come in at $1.54 billion.NetApp shares fell 1.1% to close at $69.10 on Tuesday.Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. B of A Securities analyst Wamsi Mohan downgraded the stock from Neutral to…

The S&P 500 closed almost flat on Tuesday as investors monitored the progress on the debt limit agreement.President Joe Biden and House Speaker Kevin McCarthy reached a debt ceiling agreement over the weekend.The Philadelphia SE Semiconductor index settled higher by 0.1% on Tuesday, after climbing to its strongest level since Feb. 2022 earlier during the session.On the economic data front, the CB consumer confidence index fell to 102.3 in May, versus prior reading of 103.7. However, analysts were expecting a reading of 99.0. The S&P CoreLogic Case-Shiller home price index in the U.S. declined 1.1% year-over-year in March, recording the…

Wall Street expects Advance Auto Parts, Inc. AAP to post quarterly earnings at $2.57 per share on revenue of $3.43 billion before the opening bell. Advance Auto Parts shares gained 0.3% to $112.50 in after-hours trading. HP Inc. HPQ reported better-than-expected earnings for its second quarter, while sales missed expectations. HP shares dropped 4.3% to $29.60 in the after-hours trading session. Analysts are expecting Salesforce, Inc. CRM to have earned $1.61 per share on revenue of $8.18 billion for the latest quarter. The company will release earnings after the markets close. Salesforce shares rose 0.5% to $220.00 in after-hours…

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors on Friday.The Dow Jones closed lower on Tuesday as investors monitored the development of the debt ceiling deal. Concerns over the potential for further rate increase also weighed on market sentiment.NVIDIA Corporation NVDA shares gained 3% on Tuesday after the company announced it would build the Israel-1 generative AI cloud supercomputer. The Dow Jones closed lower by around 50 points to 33,042.78 on Tuesday. The S&P 500 rose 0.01% at 4,205.52, while the Nasdaq Composite climbed 0.32% to settle at 13,017.43 during the session.Investors…

U.S. stocks traded mixed toward the end of trading, with the Dow Jones dropping over 100 points on Tuesday.The Dow traded down 0.38% to 32,966.16 while the NASDAQ rose 0.14% to 12,994.47. The S&P 500, also fell, dropping, 0.15% to 4,199.17.Check This Out: Marvell, Seagate And 2 Other Stocks Insiders Are Selling Information technology shares rose by 0.7% on Tuesday. Meanwhile, top gainers in the sector included Kingsoft Cloud Holdings Limited KC, up 17%, and C3.ai, Inc. AI, up 19%. In trading on Tuesday, energy shares fell 1.6%.  Top HeadlineThe CB consumer confidence index fell to 102.3 in May, versus…