Streetbeat News

Earnings

DOGZ

RBLX

TAL

Roblox Corporation (RBLX) shares rose 2.6% following efforts to boost advertising sales. Other stocks like Dogness (DOGZ), Murano Global Investments (MRNO), and Aurora Cannabis (ACB) also saw significant gains. TAL Education Group (TAL) and others are expected to release financial results soon, contributing to their stock movements.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 2:56 pm

DAL

During a conference call, a Delta Air Lines executive stated that the company's utilization of wide-body jets is now at or above the levels seen in 2019. This indicates a significant recovery in the airline's operations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:53 pm

LCID

RIVN

TSLA

Lucid Group (NASDAQ:LCID) exceeded first-quarter delivery expectations with 1,967 vehicles, surpassing Visible Alpha's estimate of 1,745, despite a production shortfall. The company adjusted its strategy by reducing the prices of its Air sedans to counteract declining interest in EVs due to high interest rates. Lucid plans to expand its market with a mid-size car priced at $50,000 by 2026, directly competing with Tesla's Model Y. Tesla (NASDAQ:TSLA) reported a quarterly decline in deliveries, the first since 2020, and faces challenges in producing affordable EVs and mass-producing its Cybertruck. Rivian (NASDAQ:RIVN) also reported higher-than-expected quarterly deliveries, indicating strong performance among EV startups despite a challenging market.

Portfolio Pulse from Upwallstreet

April 10, 2024 | 2:45 pm

MARA

RIOT

Shares of Marathon Digital Holdings, Inc. (MARA) and Riot Platforms, Inc. (RIOT) are reacting to a pullback in Bitcoin prices, with Bitcoin trading around $68,000 after previously reaching over $72,500. Both companies are preparing for the upcoming Bitcoin halving event, with strategies to mitigate the impact of reduced revenue and increased costs. Marathon Digital aims to increase its mining efficiency, while Riot Platforms plans to expand its mining capacity significantly. Additionally, Marathon Digital's revenue growth and future price target are discussed, highlighting its performance relative to the S&P 500 and the Information Technology sector.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 2:43 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) CEO Adam Aron dismissed bankruptcy concerns despite the company's shares hitting 52-week lows. Aron remains optimistic about AMC's future, citing creative strategies like concert films and a retail popcorn business. He expects a strong box office in 2025 and 2026, despite a predicted decline in 2024. AMC ended 2023 with a cash balance of $885 million, which Aron believes is sufficient to navigate through 2024.

Portfolio Pulse from Chris Katje

April 10, 2024 | 2:42 pm

INAB

IN8bio Inc (NASDAQ:INAB) revealed promising preclinical data for its INB-300 candidate from the nsCAR platform, showing improved selectivity in targeting leukemia cells while preserving healthy tissues. The data, presented at the AACR Annual Meeting 2024, demonstrates the potential of nsCAR to offer a wider therapeutic window and reduce off-tumor killing. The study highlighted the nsCAR constructs' ability to significantly enhance tumor-killing capability against leukemia cells without harming healthy cells, leading to a 9% increase in INAB stock in the premarket session.

Portfolio Pulse from Vandana Singh

April 10, 2024 | 2:38 pm

DAL

During a conference call, a Delta Air Lines executive mentioned that industry capacity appears to be peaking in Q2, setting up a positive outlook for the latter half of the year. However, the executive also noted that the company is still carrying more debt than it finds comfortable.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:35 pm

AMZN

NFLX

TOON

Kartoon Studios Inc (AMEX:TOON) reported Q4 revenue of $8.8 million and full-year 2023 revenue of $44.1 million, highlighting the success of its Kartoon Channel! platform. The company announced the launch of the Stan Lee store on Amazon.com, focusing on branded merchandise. Comparatively, Kartoon Studios reached operational break-even faster than Netflix Inc (NASDAQ:NFLX). The company plans to enhance operational efficiency and grow revenue by focusing on the Stan Lee brand and implementing AI technology.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 2:28 pm

DAL

During a conference call, a Delta Air Lines executive mentioned that in Latin America, unit revenues are expected to decline by double digits due to pressure in short-haul leisure markets. However, there is an expectation of healthy improvements in these markets in the second half of the year as supply and demand come back into balance.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:21 pm

DAL

During a conference call, a Delta Air Lines executive mentioned that, similar to the first quarter, the second quarter is expected to face challenges due to the normalization of travel credits.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:18 pm