Streetbeat News

Earnings

Zhihu reported its Q1 2024 financial results, highlighting total revenues of RMB960.9 million (US$133.1 million), a gross margin expansion to 56.6%, and a net loss of RMB165.8 million (US$23.0 million). The company also reported 89.0 million average monthly active users and 14.8 million average monthly subscribing members.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:18 am

Zhihu reported its Q1 adjusted EPADS of $(0.20), which is a decrease from $(0.18) year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:15 am

Zhihu reported Q1 sales of $133.08 million, surpassing the estimated $124.00 million.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:12 am

AAPL

Needham analyst Laura Martin expressed skepticism about Apple's recent WWDC announcements, suggesting the presentation lacked substance and failed to address generative AI adequately. Despite a recent stock rally, Martin remains cautious about Apple's long-term prospects, citing minimal revenue growth and a focus on stock buybacks over capital expenditure.

Portfolio Pulse from Shanthi Rexaline

June 12, 2024 | 8:33 am

AVGO

MAMA

ORCL

OXM

PLAY

Key stocks to watch on Wednesday include Broadcom, Oracle, Dave & Buster's, Mama's Creations, and Oxford Industries. Broadcom is expected to report strong earnings, Oracle posted weaker-than-expected earnings but announced a partnership with Google Cloud, Dave & Buster's and Oxford Industries are set to release earnings, and Mama's Creations posted downbeat earnings.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 8:00 am

AAPL

AVGO

OXM

PLAY

The S&P 500 and Nasdaq hit record highs as Apple shares surged following an upgrade by DA Davidson. The CNN Money Fear and Greed index showed improved market sentiment, remaining in the 'Neutral' zone. General Motors saw gains after announcing a $6 billion share repurchase authorization. Investors are awaiting the Federal Reserve's interest-rate decision and consumer price index, as well as earnings results from Broadcom, Dave & Buster’s, and Oxford Industries.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 7:39 am

TSLA

Tesla's annual shareholder meeting will decide on CEO Elon Musk's controversial compensation plan, which could significantly impact Tesla's stock. The plan has faced legal challenges and mixed analyst predictions, with potential stock price volatility depending on the outcome.

Portfolio Pulse from Shanthi Rexaline

June 12, 2024 | 7:21 am

AAPL

Apple Inc (NASDAQ:AAPL) is expected to see a significant revenue surge driven by its AI capabilities, according to tech analyst Gene Munster. Munster predicts a 10% revenue growth by 2025, surpassing current estimates. Apple's AI advancements, highlighted at the Worldwide Developers Conference 2024, are anticipated to enhance device value and customer experience, potentially leading to further growth.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 3:32 am

AAPL

GME

ORCL

PARA

TSLA

On Tuesday, major U.S. indices showed mixed results. Apple shares soared due to an upgrade by DA Davidson, GameStop's stock jumped after completing an equity offering, Paramount Global shares tumbled as merger talks with Skydance Media were abandoned, Oracle's stock dipped slightly despite strong cloud revenue growth, and Tesla shares declined ahead of a contentious shareholder meeting.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 2:40 am

TSLA

Tesla Inc. (NASDAQ:TSLA) shareholders are preparing for a crucial vote on CEO Elon Musk's $44.9 billion pay package. Analysts, including Dan Ives from Wedbush, and former Ford CEO Mark Fields, have emphasized the potential negative impact on Tesla if Musk were to leave. The vote is expected to be close, with significant implications for Tesla's future, especially in AI and robotics. The stock closed at $170.66, down 1.80% on Tuesday.

Portfolio Pulse from Kaustubh Bagalkote

June 12, 2024 | 2:13 am