Streetbeat News

Earnings

SE

Sea shares are trading higher following a Q1 revenue beat and an increased stake by Tiger Global.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:43 pm

BLBX

Blackboxstocks shares are trading higher following the company's Q1 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:39 pm

WAVE

Eco Wave Power Global (NASDAQ:WAVE) reported a Q1 EPS loss of $(0.01), which is the same as the loss reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:37 pm

BTC

GLD

META

NVDA

USO

WMT

Walmart's recent earnings report shows it is attracting wealthier consumers, leading to a breakout in its stock price. This breakout is seen as a potential indicator for the broader stock market. Initial jobless claims and housing starts data indicate mixed economic signals. Money flows are positive for NVIDIA, neutral for several tech giants, and negative for Meta. The momo crowd is active in buying gold, oil, and Bitcoin, while smart money remains inactive.

Portfolio Pulse from The Arora Report

May 16, 2024 | 3:34 pm

CMI

Cummins is raising its long-term financial targets due to a strengthening portfolio and continued strategic execution. The company is well-positioned to meet customer needs, reduce greenhouse gas emissions, and generate growth regardless of the transition pace to zero emissions. Cummins aims to improve its base business while scaling AcceleraTM by Cummins for profitable growth and higher operating cash flow.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:32 pm

ENVB

Enveric Biosciences (NASDAQ:ENVB) reported a productive Q1 2024, reducing net loss and increasing cash on hand. The company advanced its lead drug candidate, EB-003, and executed seven non-binding out-license term sheets. Enveric's shares rose by 2.7919% to $0.81.

Portfolio Pulse from Jelena Martinovic

May 16, 2024 | 3:25 pm

MOO

RSPS

TSN

Tyson Foods Inc. (NYSE:TSN) has reported positive outcomes from reintroducing some antibiotics into its poultry operations, leading to healthier chickens and improved operational efficiency. The company saw a 25.5% increase in adjusted EBITDA and a surge in demand for its chicken products. Tyson's stock has gained over 23% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 3:21 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) reported stronger-than-expected Q3 earnings, but shares declined by 1.47% to $48.94. Analysts provided mixed ratings and price targets, highlighting both positive aspects like better-than-expected gross margins and challenges such as weakness in core businesses and higher opex.

Portfolio Pulse from Priya Nigam

May 16, 2024 | 3:11 pm

DIA

SPY

WMT

Walmart reported strong earnings, the Dow Jones Industrial Average reached 40,000, and initial jobless claims came in above expectations.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:03 pm

HG

Hamilton Insurance Group (NYSE:HG) has been analyzed by 9 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $19.89, with a high of $23.00 and a low of $16.00. Recent analyst actions include several rating raises and a few lowers, reflecting dynamic market conditions and company performance. The company has shown strong financial health with significant revenue growth, high net margin, and efficient use of equity and assets.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 3:00 pm