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BTCUSD

NFLX

USO

Netflix's stock falls following Q1 earnings report, while US Oil remains stable despite tensions between Iran and Israel. Bitcoin sees an increase in value.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:58 pm

AGBA

EGOX

ISPC

NFLX

SBFM

TIRX

ZCMD

U.S. stocks traded mixed with the Dow Jones gaining over 100 points and the NASDAQ falling. Netflix shares dropped around 8% after Q1 results, despite reporting upbeat earnings and subscriber growth. Other notable movements included significant gains for Next.e.GO, Zhongchao Inc., and AGBA Group Holding, and declines for Sunshine Biopharma, iSpecimen Inc., and Tian Ruixiang Holdings. Commodities saw oil and gold trading down, while silver and copper experienced mixed results. European and Asian markets mostly closed lower.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 1:55 pm

SLB

Schlumberger N.V. announced in a conference call that it expects its free cash flow to increase in the second quarter and continue rising in the third and fourth quarters.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:54 pm

SLB

Schlumberger N.V. announced in a conference call that it expects to expand its adjusted EBITDA margins by 75 to 100 basis points.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:52 pm

SLB

Schlumberger N.V. (SLB) anticipates Q2 international revenue growth in the mid single digits and North America revenue growth in the low single digits sequentially, as stated in their conference call.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:48 pm

SLB

Schlumberger N.V. (SLB) reported in a conference call that its North America activity remains subdued due to weaker gas prices, sustained capital discipline, and the effects of ongoing market consolidation.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:39 pm

SLB

Schlumberger N.V. (NYSE:SLB) reported a 13% year-over-year revenue increase to $8.707 billion for Q1 2024, surpassing expectations. The growth was significantly driven by the Aker subsea business from the OneSubsea joint venture. Despite a 6% decline in North American revenue, international markets saw robust growth, particularly in the Middle East & Asia and Europe & Africa. Adjusted EPS matched consensus at $0.75, with adjusted EBITDA up 15% Y/Y. SLB announced a quarterly dividend and plans to return $7 billion to shareholders over the next two years, buoyed by confidence in global revenue growth and the ChampionX acquisition.

Portfolio Pulse from Akanksha Bakshi

April 19, 2024 | 1:36 pm

NVDA

TDIV

TSM

XNTK

Taiwan Semiconductor Manufacturing Co (TSM) is introducing a pricing premium for chips made outside Taiwan, driven by the need to expand globally amid tensions with China and rising costs. This strategy, highlighted by CEO CC Wei, aims to cover increased operational expenses in various locations and aligns with efforts to reduce semiconductor supply reliance on Taiwan. TSM, a key supplier to Nvidia Corp (NVDA), reported strong Q1 net profit and revenue growth expectations from AI chip demand, despite anticipating a slight gross margin dip due to higher costs. TSM plans to increase its U.S. investment to $65 billion, including advanced 2-nanometer chip production by late 2025, aiming for a gross margin above 53%. TSM stock has risen 52% in the past year, with exposure available through ETFs like TDIV and XNTK.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 1:35 pm

LKNCY

NYKHF

SBUX

Nayuki Holdings Ltd. (OTC:NYKHF) faces increased competition as it slows store openings and tweaks its franchising model. The premium tea seller, known for its bubble tea, is adjusting its strategy to boost presence in smaller cities. Meanwhile, at least five major rivals, including industry leader Mixue and newly listed Chabaidao, have filed for IPOs in Hong Kong, increasing competition for investor attention. Nayuki's P/S ratio of 0.72 contrasts with Chabaidao's 1.4, indicating investor wariness towards the sector. Nayuki's stock has declined significantly, reflecting skepticism and challenges ahead, including quality control and margin pressure in franchising.

Portfolio Pulse from The Bamboo Works

April 19, 2024 | 1:23 pm

SMCI

Super Micro Computer (SMCI) shares are trading lower after the company announced its Q3 earnings date without providing preliminary estimates, a departure from its Q2 practice.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:22 pm