Streetbeat News

Earnings

WDH

Waterdrop shares are trading higher after the company reported a year-over-year increase in Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:09 pm

TIGR

Up Fintech Holding shares are trading higher following the company's report of a year-over-year increase in Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:08 pm

AMC

ANNX

CMPS

DLTR

DOYU

IAS

MDGL

MNMD

DouYu International Holdings Limited (NASDAQ:DOYU) reported a significant revenue decline for Q1 2024, missing analyst estimates, leading to a 4.2% drop in pre-market trading. Other stocks like COMPASS Pathways, Mind Medicine, Madrigal Pharmaceuticals, Annexon, Integral Ad Science, Dollar Tree, and AMC Entertainment also saw declines in pre-market trading.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 12:07 pm

ASNS

CRWD

HPE

MLGO

SOBR

The article highlights significant pre-market movements in the Information Technology sector on Wednesday. Notable gainers include Actelis Networks (NASDAQ:ASNS) with an 861.8% increase, Hewlett Packard (NYSE:HPE) up 16.19% following Q2 earnings, and CrowdStrike Holdings (NASDAQ:CRWD) up 11.42% after Q1 earnings. On the losing side, MicroAlgo (NASDAQ:MLGO) fell by 28.2%, and Sobr Safe (NASDAQ:SOBR) dropped by 24.42%.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 12:06 pm

Brown Forman Inc Class A Common Stock (NYSE:BF) reported Q4 2024 GAAP EPS of $0.56, beating the $0.41 estimate, but sales of $964 million missed the $1.031 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:04 pm

SLNH

Soluna Holdings (SLNH) announced its monthly business update for May 2024, reporting that it mined 18 BTC during the month. This is a decrease from the 33 BTC mined in April 2024.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:04 pm

Over the past three months, 14 analysts have shared their evaluations of Impinj (NASDAQ:PI), with a mix of bullish and somewhat bullish ratings. Analysts have set a 12-month average price target of $158.0, with a high of $200.00 and a low of $125.00. Recent actions include several analysts raising their price targets, reflecting positive sentiment. Despite a decline in revenue growth, Impinj shows strong profitability and financial health, though it faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 12:00 pm

BPTIX

TSLA

Billionaire investor Ron Baron, a major Tesla shareholder, has publicly supported CEO Elon Musk's $56 billion pay package, which is based on aggressive performance metrics. The package, proposed by Tesla's board, has faced criticism but is seen by Baron as essential due to Musk's pivotal role in Tesla's success. The shareholder meeting to vote on the package is scheduled for June 13.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 11:59 am

DLTR

Dollar Tree Inc (NASDAQ:DLTR) reported mixed Q1 FY24 results, with sales growth of 4.22% and adjusted EPS beating estimates. The company announced a review of strategic alternatives for its Family Dollar segment, which could include a sale or spin-off. Despite reaffirming its FY24 net sales outlook, Dollar Tree lowered its adjusted EPS guidance due to increased expenses. DLTR shares are down 3.49% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 11:58 am

EXAS

INBX

TDOC

The article highlights four oversold health care stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Inhibrx Biosciences (INBX), Exact Sciences (EXAS), Teladoc Health (TDOC), and Agilent Technologies (A).

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 11:46 am