Streetbeat News

Earnings

BTCUSD

CKBUSD

DOGEUSD

ETHUSD

FTMUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced price drops, with $250 million in crypto derivatives liquidated. The downturn is attributed to anticipation of a higher-than-expected Consumer Price Index (CPI) release. Over $242.87 million in long positions were liquidated in the past 24 hours. The global cryptocurrency market cap increased by 4.25%, while the Dow and S&P 500 showed mixed results. Analysts suggest the market's future direction depends on altcoin performance and potential Federal Reserve rate cuts.

Portfolio Pulse from Mehab Qureshi

April 10, 2024 | 4:46 am

IMRN

WMT

Immuron Limited (ASX: IMC, NASDAQ:IMRN) reported record unaudited sales for its product Travelan, showing significant growth globally, in Australia, and the USA. Sales figures for FYTD Mar 2024 and the Mar 2024 Quarter have seen substantial increases compared to previous periods. Notably, sales in the USA included commencement on Walmart.com.

Portfolio Pulse from Charles Gross

April 10, 2024 | 1:01 am

CDE

PLL

RGLD

Piedmont Lithium and Sayona Mining are advancing operations at North American Lithium to reach steady state production by 2024, amidst a challenging lithium market. Royal Gold's subsidiary sold 49,500 GEOs in Q1 2024, with full results pending. Hecla Mining reported a significant increase in Q1 2024 production, aiming for 17 million ounces of silver in 2024. Coeur Mining announced the start of commercial production at its expanded Rochester mine, expected to significantly enhance cash flow.

Portfolio Pulse from Austin DeNoce

April 09, 2024 | 9:26 pm

HUT

MARA

RIOT

CEOs of Riot Platforms Inc (RIOT), Marathon Digital Holdings Inc (MARA), and Hut 8 Corp (HUT) shared their perspectives on the upcoming Bitcoin halving. The halving will reduce the rate at which new bitcoins are created, impacting miners' revenues and costs. Riot's CEO anticipates a decrease in network hash rate and positions Riot as a low-cost producer poised for growth. Marathon's CEO expects most miners to remain profitable post-halving, with Marathon's efficient fleet maintaining profitability. Hut 8's CEO views the halving as an opportunity for growth and competitive strengthening, leveraging their strong balance sheet and low-cost operations.

Portfolio Pulse from Anthony Noto

April 09, 2024 | 9:18 pm

EGO

Eldorado Gold expects a decrease in Turkish current income tax expense for Q1 2024 by $9 to $12 million, due to investment tax credits and inflation accounting, despite unrealized forex gains from a weakening Lira.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 9:09 pm

UDR

Analysts have mixed views on UDR (NYSE:UDR), with recent ratings ranging from bullish to indifferent. The average 12-month price target is $37.75, down from $39.67. Analyst actions include adjustments to ratings and price targets, reflecting changing market conditions and UDR's performance. UDR, a real estate investment trust, shows strong financial indicators such as a positive revenue trend, exceptional net margin, and effective debt management. The company's market position is robust, with a market capitalization above industry average.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 9:01 pm

FUSN

Fusion Pharmaceuticals presented interim data from its Phase 2 TATCIST clinical trial evaluating FPI-2265 at the AACR Annual Meeting 2024. The data highlights the progress and potential of FPI-2265 in clinical development.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:44 pm

Jianzhi Education Technology reported a 12.9% decrease in FY23 revenue, totaling RMB440.5 million or approximately $62 million.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:35 pm

FARM

PSMT

WDFC

In Tuesday's after-market session, several consumer staples stocks showed notable movements. Gainers included Farmer Bros, Pricesmart, Hempacco, Elevai Labs, Mangoceuticals, and Bruush Oral Care, with increases ranging from 2.51% to 4.8%. On the losing side, WD-40, Smart for Life, Honest Co, Australian Oilseeds Hldgs, Reborn Coffee, and Veru saw declines between 1.69% and 3.5%. Pricesmart and WD-40 released their Q2 earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 8:31 pm

AEHR

MRIN

SGH

WTO

In Tuesday's after-market session, several Information Technology stocks showed significant movements. Marin Software (MRIN) led the gainers with a 53.3% increase, while UTime (WTO) experienced the largest drop among the losers, declining by 14.9%. Notably, SMART Global Holdings (SGH) and Aehr Test Systems (AEHR) reported their Q2 and Q3 earnings, respectively, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 8:31 pm