Streetbeat News

Earnings

NVDA

SNOW

Snowflake Inc (NYSE:SNOW) missed Q1 profit expectations but surpassed revenue estimates due to strong AI product demand. The company raised its product revenue guidance for fiscal 2025 and expects Q2 product revenue to exceed Wall Street estimates. Snowflake is also expanding its collaboration with Nvidia (NASDAQ:NVDA) and plans to acquire technology assets from TruEra.

Portfolio Pulse from Upwallstreet

May 24, 2024 | 2:09 pm

BJ's Wholesale Club shares are trading higher after multiple analysts raised their price targets on the stock. The company reported Q1 earnings on Thursday.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 2:05 pm

BURL

ROST

Burlington Stores shares are trading higher, likely in response to Ross Stores' positive Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 2:04 pm

BTC-USD

DOGE-USD

ETH-USD

FLOKI-USD

SHIB-USD

The iconic Japanese dog that inspired Dogecoin, Floki, and Shiba Inu has passed away at 18, causing a tumble in these cryptocurrencies. Janet Yellen acknowledges the rising cost of living amid persistent inflation. Bitcoin spot ETFs record $108M inflows, while Ethereum ETF potential remains uncertain. Ethereum is set for a 60% rally following ETF approval, according to an expert.

Portfolio Pulse from Akanksha Bakshi

May 24, 2024 | 1:54 pm

AKAN

BTTR

GNLX

NCPL

SNSE

VSTM

U.S. stocks traded higher with the Dow Jones gaining 50 points. Durable goods orders increased by 0.7% in April, surpassing expectations. Akanda Corp., Netcapital Inc., and Better Choice Company Inc. saw significant stock price increases, while Verastem, Inc., Sensei Biotherapeutics, Inc., and Genelux Corporation experienced notable declines.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:43 pm

BAH

Booz Allen Hamilton (NYSE: BAH) shares rose by 3.7% in premarket trading after the company reported strong Q4 earnings, beating analyst expectations. The company saw significant growth in revenue, backlog, and headcount, and provided a positive outlook for FY25.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 1:27 pm

ANET

DJT

LLY

SGML

SONY

Jim Cramer shared his views on several stocks during CNBC's 'Mad Money Lightning Round.' He praised Arista Networks (ANET) for its strong earnings and stock repurchase program, but noted the volatility. Trump Media & Technology Group (DJT) was described as highly volatile, with a significant quarterly loss. Sony (SONY) was favored despite takeover rumors, and Sigma Lithium (SGML) was deemed 'too dicey.' Eli Lilly (LLY) received a positive mention, with approval of its diabetes drug in China.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:11 pm

ADM

COPX

NDAQ

Joshua Brown of Ritholtz Wealth Management named Nasdaq, Inc. (NDAQ) as his final trade on CNBC's 'Halftime Report Final Trades.' Nasdaq reported worse-than-expected Q1 EPS but increased its quarterly dividend by 9%. Stephen Weiss of Short Hills Capital Partners named Archer-Daniels-Midland Company (ADM) as his final trade. ADM posted better-than-expected Q1 EPS but missed revenue estimates. Liz Young of SoFi picked Global X Copper Miners ETF (COPX).

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:05 pm

ARKK

IWM

SPY

Cathie Wood's comparison of the current stock market to the 1930s Great Depression has drawn criticism from notable figures like Jim Chanos. Wood argues that the market is over-concentrated and predicts a broadening rally when interest rates fall. Despite her views, her Ark Innovation ETF (ARKK) has underperformed, while broader market ETFs like SPDR S&P 500 ETF Trust (SPY) and iShares Russell 2000 ETF (IWM) have shown gains.

Portfolio Pulse from Shanthi Rexaline

May 24, 2024 | 1:05 pm

USEA

United Maritime (NASDAQ:USEA) reported a significant improvement in its Q1 financial results, with a 72.92% reduction in losses per share and a 275.68% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:02 pm