Streetbeat News

Earnings

AAPL

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a decline amid $250M in crypto liquidations, with concerns over potential Fed rate cuts. Apple is expanding into Latin America with a new office in Coral Gables. Other highlights include anticipation of US inflation data, political critiques within the US and regarding international relations, and various updates in the tech and electric vehicle sectors, including Apple's growth and Tesla's customer retention.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 1:49 pm

BTBT

Bit Digital's CEO revealed that the company's direct production cost per Bitcoin (BTC) was approximately $15,000 for 2023. Despite the upcoming halving event, which will reduce the reward for mining new blocks, the company expects to maintain an attractive mining margin at the current BTC prices.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:48 pm

BTBT

Bit Digital's CEO announced that post-halving, miners will receive 3.125 BTC per block, halving their reward for the same effort. This statement directly impacts the outlook for Bit Digital and the broader cryptocurrency mining industry.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:48 pm

BMWYY

Bayerische Motoren Werke AG (OTC:BMWYY), also known as BMW Group, reported a 1.1% year-over-year increase in vehicle deliveries in Q1, totaling 594,671 vehicles. Notably, deliveries of fully-electric vehicles surged by 27.9% to 82,700 units. The company saw strong growth in Europe and the high-end premium segment, although Rolls-Royce deliveries fell by 7.0%. BMW Group's electrified vehicle sales also rose by 11.0%. The company expects a slight increase in automotive deliveries in 2024, with significant growth in fully-electric vehicles and high-end premium models.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 1:44 pm

CYTO

Altamira Therapeutics (NASDAQ:CYTO) reported a significant reduction in its quarterly losses to $(16.47) per share from $(629.80) per share YoY, alongside a decrease in sales to $284.47K from $330.37K.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:21 pm

GOOG

NDAQ

SCHW

SPOT

TECK

CNBC's 'Halftime Report Final Trades' featured recommendations for Nasdaq, Inc. (NDAQ), Alphabet Inc. (GOOG/GOOGL), Spotify Technology S.A. (SPOT), Teck Resources Limited (TECK), and The Charles Schwab Corporation (SCHW). Analyst upgrades and collaborations were highlighted for some, along with upcoming earnings reports and price target adjustments.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 1:14 pm

PUBM

RBLX

Roblox Corp (NYSE:RBLX) shares increased following reports of intensified efforts to attract advertisers, including a collaboration with PubMatic Inc (NASDAQ:PUBM) to enhance video ad sales. The partnership aims to streamline the ad buying process on Roblox, targeting users aged 13 and older, with realm creators receiving a share of ad revenues. Roblox plans to report its Q1 financial results on May 9, with an expected quarterly loss of 53 cents per share and revenue of $922.977 million.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 1:01 pm

GP

GreenPower Motor Company Inc. (NASDAQ:GP) announced plans to deliver 88 all-electric school buses in West Virginia in FY25, following a record number of deliveries in FY24. The company received an $18.56 million EPA grant for deploying zero-emission buses and charging infrastructure in seven West Virginia counties. GreenPower's production is expected to reach 50-60 buses per quarter by FY25 end. The commercial division also saw increased deliveries, with a 9% increase in EV Star deliveries and resumed deliveries to Workhorse.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:01 pm

C

Citigroup Inc. (NYSE:C) is anticipated to release its Q1 earnings on April 12, 2024, with expected earnings of $1.20 per share, down from $2.19 the previous year, and projected revenue of $20.40 billion, up from $19.99 billion. The company recently announced a $2.75 billion redemption of notes due 2025. Citigroup offers a 3.44% annual dividend yield, equating to 53 cents per share quarterly. To earn $500 monthly from dividends, an investment of approximately $174,498 or 2,830 shares is needed.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:49 pm

PSCC

PSMT

XRT

PriceSmart, Inc. (NASDAQ:PSMT) reported strong Q2 FY24 results with a 13.1% Y/Y revenue increase to $1.29 billion, surpassing consensus estimates. Net merchandise sales rose 13.0% Y/Y to $1.26 billion. The company also announced a $1.00 per share special dividend payable on April 30, 2024. Investors can also gain exposure to PSMT through Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) and SPDR S&P Retail ETF (NYSE:XRT). PSMT shares are up 1.97% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 12:48 pm