Streetbeat News

Earnings

DJT

USO

Stock indexes fell as Treasury yields rose, impacting investor sentiment. Trump Media & Technology Group reported a loss, affecting its stock. Meanwhile, oil prices increased following a strike on an Iranian consulate, influencing the United States Oil Fund (USO).

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:55 pm

DOMH

Dominari Holdings (NASDAQ:DOMH) reported a Q4 EPS loss of $(1.29), a slight improvement from last year's $(1.32) per share loss, with sales reaching $1.00 million.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:49 pm

IDAI

T Stamp (NASDAQ:IDAI) reported Q4 earnings with a loss of $(0.36) per share, missing the $(0.29) estimate, but sales of $575.03K exceeded the $540.00K estimate. This represents a 55% decrease in losses and a 13.36% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:48 pm

BCLI

Brainstorm Cell (NASDAQ:BCLI) reported Q4 losses of $(0.11) per share, surpassing the analyst consensus estimate of $(0.15) by 26.67%. This represents a 15.38% improvement over the previous year's losses of $(0.13) per share.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:47 pm

AQB

AquaBounty Technologies (AQB) reported Q4 earnings with a loss of $2.19 per share, missing the consensus estimate of $1.53, and sales of $553.25K, missing the estimate of $730.00K. This represents a decrease in earnings and an increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:47 pm

OTGLY

CD Projekt ADR (OTC:OTGLY), a leading video game developer known for Cyberpunk 2077 and The Witcher, reported a net profit of over $120 million for 2023, marking its second-best year. The success was largely attributed to the release of the Cyberpunk 2077 expansion pack, Phantom Liberty, which sold over 5 million copies. Despite this success, the company faced layoffs in summer 2023, reducing its workforce by 9%. Looking ahead, CD Projekt is focusing on the development of The Witcher 4: Polaris and planning its next Cyberpunk installment, Orion, along with a live-action Cyberpunk project.

Portfolio Pulse from Franca Quarneti

April 01, 2024 | 7:29 pm

BITF

CIFR

CLSK

MARA

WULF

A JPMorgan analyst noted Bitcoin's price soared to $67,600 in March, with mining profitability improving as the hash rate reached 600 EH/s, up 80% year-over-year. Marathon Digital Holdings, CleanSpark, Cipher Mining, Wulf Mining, and Bitfarms were highlighted for their market cap and performance. CleanSpark outperformed Bitcoin's return, with Marathon having the highest reported hash rate. The upcoming Bitcoin halving event is expected to cause volatility in stock performance.

Portfolio Pulse from Murtuza Merchant

April 01, 2024 | 7:16 pm

AEON

CXAI

DOMA

IRON

NVVE

SBFM

U.S. stocks traded lower with the S&P 500, Dow, and NASDAQ all seeing declines. CXApp Inc. shares surged 145% after announcing a partnership with Google Cloud. Sunshine Biopharma and Doma Holdings also saw significant gains, while Nuvve Holding, AEON Biopharma, and Disc Medicine experienced sharp declines. Torrid Holdings reported strong Q4 results. In commodities, gold and oil prices increased.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 7:02 pm

SNAP

There was a significant option trading activity for Snap Inc. (SNAP), involving a sweep of 4,378 May 17 $15 call options at $0.411 each, compared to an open interest of 170,332. This activity occurred with SNAP's stock price at $11.275, ahead of their earnings announcement estimated for April 25 after the market closes.

Portfolio Pulse from Charles Gross

April 01, 2024 | 7:01 pm

SKWD

Skyward Specialty (NASDAQ:SKWD) has seen a positive shift in analyst sentiment over the past three months, with an average 12-month price target now at $41.00, up 7.89% from the previous $38.00. Analysts from firms like Piper Sandler and BMO Capital have raised their price targets, reflecting optimism about the company's future performance. Skyward Specialty, a specialty insurance company, has shown strong financial metrics including a net margin of 11.88% and an ROE of 4.89%, despite a lower market capitalization and revenue growth rate compared to industry peers.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:00 pm