Benzinga's Daily Brief On Trending Tickers For May 19, 2022: Cisco, Kohl's And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.
The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.

Tesla Inc TSLA shares fell about 1% earlier this morning after the S&P 500 ESG Index removed Tesla from the index, citing issues related to various claims. CEO Elon Musk called the ESG a scam causing further drama.

Wedbush analyst Dan Inves reiterated an Outperform rating on Tesla but lowered the price target from $1,400.00 to $1,000.

Cisco Systems Inc CSCO shares fell over 10% during Thursday’s premarket session after reporting worse-than-expected top-line results and issuing guidance below analyst estimates. Cisco said first-quarter revenue totaled $12.8 billion, which was flat on a year-over-year basis and missed the Street estimate of $13.4 billion while reporting adjusted quarterly earnings of 87 cents per share, which beat estimates of 86 cents per share.

Piper Sandler maintained Cisco with a Neutral rating and lowered the price target from $57 to $43.

Kohl's Corp KSS Shares traded over 5% lower after the company reported earnings results that were down year-over-year and cut its full-year earnings guidance. Kohl's said first-quarter revenue decreased 4.4% to $3.71 billion, which beat the $3.68-billion estimates while reporting quarterly earnings of 11 cents per share, which was down from $1.05 per share year-over-year.

JP Morgan analyst Matthew Boss maintained a Hold rating on Kohl’s and lowered the price target from $61.00 to $50.00.

BJs Wholesale Club Holdings Inc BJ Shares climbed 6% after reporting better than expected first-quarter earnings results. BJs said first-quarter revenue increased 13.75% to $3.87 billion, beating the analyst consensus of $4.24 billion while reporting quarterly earnings of 87 cents per share, beating the Street estimate of 71 cents per share.

Based on analysts offering 12-month price targets for BJ in the last three months. The average price target is $68, with a high estimate of $82 and a low estimate of $56.

Neurometrix Inc NURO Shares climbed over 50% in Thursday’s premarket session after the company reported that its’ Quell wearable neuromodulation device had received FDA approval as the first non-pharmacological treatment for Fibromyalgia.

Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksCrowdsourcingAnalyst RatingsTrading IdeasGeneralAJ Lists
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!