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FANG

NETZ

OILT

Diamondback Energy, Inc. (NASDAQ:FANG) reported first-quarter FY24 revenue of $2.227 billion, surpassing the consensus of $2.088 billion. The company saw average daily oil volume production at the high end of its guidance and declared a base and variable cash dividend for the quarter. Adjusted EBITDA and EPS both increased from the prior quarter, with significant share repurchases made. Diamondback reiterated its FY24 production and expenditure outlook, while its shares are down 1.06% premarket. Exposure to Diamondback Energy can also be gained through Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:OILT) and TCW Transform Systems ETF (BATS:NETZ).

Portfolio Pulse from Lekha Gupta

May 01, 2024 | 9:56 am

AMZN

Amazon Inc. (NASDAQ:AMZN) is under investigation by the FTC and FCC despite reporting strong Q1 results in 2024, with net sales of $143.3 billion, a 13% increase year-over-year. The FTC is expected to file a new antitrust lawsuit against Amazon, potentially impacting its retail market dominance. The FCC is investigating Amazon for the sale of unlawful electronic devices. Top executives, including Jeff Bezos and Andy Jassy, are accused of deleting text messages relevant to the antitrust investigation.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 9:42 am

NIO

NIO Inc. reported a significant year-over-year increase in vehicle deliveries for April 2024, with a total of 15,620 vehicles delivered, marking a 134.6% increase. This includes 8,817 premium smart electric SUVs and 6,803 sedans. Cumulative deliveries reached 495,267 vehicles. Additionally, NIO launched its 2024 ET7 executive sedan on April 25, 2024, with deliveries starting on April 30.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:35 am

GSK

GSK has updated its 2024 core EPS growth expectations, now anticipating an increase of 8% to 10%, compared to the previously forecasted range of 6% to 9%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:34 am

GSK

GSK has updated its 2024 core operating profit forecast, now expecting an increase of 9% to 11%, up from the previously guided range of 7% to 10%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:33 am

GSK

GSK has updated its sales forecast for 2024, now expecting an increase towards the upper part of the previously stated range of 5% to 7%. This is an improvement over the prior guidance, which anticipated a sales increase within the same range but did not specify a target within that range.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:32 am

HLN

Haleon reported its Q1 2024 GAAP EPS at £9.20, surpassing the £8.85 estimate. However, its sales of £2.919B fell short of the £2.963B estimate.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:25 am

LI

Li Auto Inc (NASDAQ:LI) reported a slight year-over-year increase in vehicle deliveries for April 2024, with 25,787 vehicles, marking an 11% decrease from March. The company's first-quarter deliveries saw a significant rise of 52.9% Y/Y to 80,400. Cumulative deliveries reached 739,551. The introduction of the Li L6 model, priced under RMB300,000, is expected to boost sales, with large-scale deliveries starting in May. Li Auto also announced a 5% price cut on several models and plans to offer cash refunds to early 2024 buyers of these models. Additionally, complimentary charging services will be provided during the May Day holiday. The company has expanded its retail and service network, with 386 super charging stations now operational. Despite these developments, LI shares dropped 1.26% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 9:20 am

XPEV

XPENG reported a 33% year-over-year increase in vehicle deliveries for April 2024, totaling 9,393 vehicles.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:03 am

AMZN

Tesla CEO Elon Musk expressed astonishment at Amazon Web Services' (AWS) revenue growth, highlighting that its trailing 12-month revenue of $94.4 billion exceeds that of 466 S&P 500 companies. Amazon CEO Andy Jassy announced AWS has surpassed a $100 billion revenue run rate in Q1 2024, with AWS revenue increasing 17% year-on-year to $25 billion. Amazon's shares rose 2% in premarket trading following the announcement.

Portfolio Pulse from Rounak Jain

May 01, 2024 | 9:02 am