Streetbeat News

Earnings

AMC

DIS

AMC Entertainment Holdings (NYSE: AMC) CEO Adam Aron discussed the company's strategies to navigate its high debt load and the struggling movie sector. Despite challenges, including Hollywood strikes, AMC has leveraged partnerships with artists like Taylor Swift and merchandise sales to boost revenue. Aron remains optimistic about future growth through acquisitions and innovative marketing strategies.

Portfolio Pulse from Chris Katje

May 24, 2024 | 4:36 pm

DOMO

Domo, Inc. (NASDAQ:DOMO) shares are trading lower after the company announced its first quarter financial earnings for the 2025 fiscal year. Despite a slight revenue beat, the company reported a larger-than-expected loss per share and provided weak guidance for the second quarter. Analysts have downgraded the stock and lowered price targets.

Portfolio Pulse from Dylan Berman

May 24, 2024 | 4:21 pm

AAPL

AES

MRVL

SNX

Hedge funds adjusted their portfolios in Q1 2024, focusing on AI-related infrastructure stocks and cyclical sectors. Positions in several 'Magnificent Seven' tech stocks were trimmed, except for Apple. Marvell Technology, TD Synnex, and AES Corporation saw increased hedge fund interest.

Portfolio Pulse from Piero Cingari

May 24, 2024 | 4:20 pm

STEP

StepStone shares are trading higher after the company reported better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:08 pm

AKAN

DECK

GNLX

INTU

MRUS

TLSI

VSTM

U.S. stocks traded higher with the Nasdaq Composite gaining around 1%. Intuit shares fell 8% despite better-than-expected earnings due to weak guidance. Akanda Corp. shares surged 70% after a reverse stock split. Merus N.V. shares rose 37% following a positive abstract publication. Deckers Outdoor Corporation shares increased 13% on strong quarterly results. Verastem, Inc. shares dropped 61% after initiating a rolling NDA submission. TriSalus Life Sciences shares fell 26% following an exchange offer announcement. Genelux Corporation shares declined 45% after pricing a $27.5 million stock offering.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 4:07 pm

LION

Lionsgate Studios shares are trading lower after the company reported Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:06 pm

PANW

Palo Alto Networks shares are trading lower after a decline earlier in the week following their quarterly earnings report. RBC Capital reiterated its Outperform rating on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:01 pm

DECK

Deckers Outdoor Corporation (NYSE:DECK) shares surged after the company reported better-than-expected Q4 earnings and sales. Despite a slightly lower fiscal year outlook, several analysts raised their price targets for the stock.

Portfolio Pulse from Erica Kollmann

May 24, 2024 | 3:59 pm

AMD

ENTG

INTC

MRVL

NVDA

QCOM

Shares of semiconductor and chip stocks are trading higher following a strong earnings report from NVIDIA this week.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:58 pm

OND

SPOT

WBIL

Spotify Technology SA (NYSE:SPOT) has discontinued its Car Thing device to focus on new user features. Despite the discontinuation, Spotify's stock is trading higher, reflecting investor confidence in the company's strategic shift. The company reported strong fiscal first-quarter 2024 results, with revenue and EPS beating analyst estimates. Investors can gain exposure to Spotify through ProShares On-Demand ETF (NYSE:OND) and WBI BullBear Quality 3000 ETF (NYSE:WBIL).

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 3:47 pm