Streetbeat News

Earnings

EQX

Equinox Gold (AMEX:EQX) has successfully poured its first gold at the Greenstone project in Ontario, following a $1 billion acquisition. The project is expected to significantly boost Equinox's production capacity and cash flow, with projections of 199,000 ounces of gold production next year. Analysts are optimistic about the stock's performance as the project ramps up.

Portfolio Pulse from Stjepan Kalinic

May 24, 2024 | 2:25 pm

ELF

e.l.f. Beauty shares are trading higher due to continued strength following the company's recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 2:13 pm

AZUL

CINT

CLCO

DECK

GCI

MGNI

MRUS

OKLO

PDD

ROST

ZIM

Deckers Outdoor Corporation (NYSE:DECK) reported significantly better-than-expected quarterly earnings, leading to a sharp rise in its stock price. Other notable gainers include Merus N.V. (NASDAQ:MRUS), Magnite, Inc. (NASDAQ:MGNI), Oklo Inc. (NYSE:OKLO), Guardant Health, Inc. (NASDAQ:GH), CI&T Inc. (NYSE:CINT), Azul S.A. (NYSE:AZUL), Ross Stores, Inc. (NASDAQ:ROST), ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), Cool Company Ltd. (NYSE:CLCO), PDD Holdings Inc. (NASDAQ:PDD), and Gannett Co., Inc. (NYSE:GCI).

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 2:12 pm

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