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CMC

GROY

KLAU

X

Key mining stories for May 31, 2024, include an investigation into U.S. Steel for potential securities law violations, Kaiser Aluminum's sustainability progress, Commercial Metals Company being named a climate leader, and Gold Royalty updating its 2024 guidance following a copper stream acquisition.

Portfolio Pulse from austin@walkonholdings.com

May 31, 2024 | 8:28 pm

ADSK

Autodesk shares are trading higher after the company issued preliminary results and confirmed there will be no restatement or adjustment of any audited or unaudited financial statements.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:12 pm

ADSK

Autodesk has released its preliminary financial guidance for FY25, projecting adjusted EPS between $7.99 and $8.21, compared to the consensus estimate of $8.05. The company also expects revenue to be in the range of $5.99 billion to $6.09 billion, against the consensus estimate of $6.04 billion.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:11 pm

ADSK

Autodesk has provided its Q2 FY25 guidance, expecting EPS between $1.98 and $2.04, slightly above the $1.97 estimate. Revenue is projected to be between $1.475 billion and $1.49 billion, also above the $1.47 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:11 pm

ADSK

Autodesk announced preliminary Q1 2025 results, with EPS of ~$1.87 beating estimates of $1.74 and revenue of ~$1.42 billion surpassing the $1.39 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:09 pm

KSS

Kohl's shares are trading higher after a previous decline due to worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:37 pm

S

SentinelOne (NYSE:S) reported mixed Q1 financial results, with a significant EPS miss and a slight revenue beat. This led to a 13.9% drop in its share price and several analysts lowering their price targets while maintaining their ratings.

Portfolio Pulse from Vaishali Prayag

May 31, 2024 | 7:02 pm

CRM

Salesforce Inc (NYSE:CRM) experienced a 20% stock drop after a disappointing quarter. Reddit users on r/stocks caution against buying the dip, citing slowing revenue growth, competition, management issues, dependency on interest rates, and limited growth potential. Concerns also include Salesforce's per-head fee structure and heavy advertising spend.

Portfolio Pulse from Surbhi Jain

May 31, 2024 | 6:53 pm

YTRA

Yatra Online shares are trading lower after the company reported Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:42 pm

MSFT

NVDA

SPY

April's PCE report, the Federal Reserve's preferred measure of inflation, came in as expected, causing an initial spike in the SPDR S&P 500 Index Trust (SPY) during pre-market trading. However, stocks, including tech leaders like NVIDIA (NVDA) and Microsoft (MSFT), traded lower as the day progressed. Jonathan Corpina from Meridian Equity Partners provided a cautious outlook, suggesting the market needed a breather and might not hold onto gains.

Portfolio Pulse from Aaron Bry

May 31, 2024 | 6:41 pm