Streetbeat News

Earnings

SPY

The PCE inflation rate rose to 2.5% in February, with personal spending exceeding expectations. Despite a slight monthly dip in inflation, the core annual rate was revised higher, indicating persistent inflation. Analysts offer mixed views on future Fed actions, with some predicting rate cuts by June due to slowing consumer spending and service inflation, while others highlight above-target inflation rates suggesting continued or increased rates.

Portfolio Pulse from Neil Dennis

March 29, 2024 | 2:20 pm

AMC

CGC

IONQ

JD

MSTR

Benzinga's Stock Whisper Index highlights Canopy Growth Corp, JD.Com Inc, MicroStrategy Inc, AMC Entertainment Holdings Inc, and IonQ Inc as stocks to watch. Canopy Growth benefits from Germany's cannabis legalization, JD.Com sees investor interest post-earnings, MicroStrategy's Bitcoin strategy draws attention, AMC plans a stock offering, and IonQ announces strategic agreements and a new team member.

Portfolio Pulse from Chris Katje

March 29, 2024 | 2:01 pm

ATAI

CMPS

Atai Life Sciences (NASDAQ:ATAI) reported its Q4 and full-year 2023 financial results, revealing a significant cash drain but maintaining its 2026 operational funding target. The company's cash and investments decreased to $154.2 million from $273.1 million the previous year. Despite a net loss reduction, the decrease in cash is attributed to operational activities and investments in its psychedelic pipeline, including a strategic investment in Beckley Psytech. Atai continues to focus on developing treatments for mental health disorders, with promising results from its psychedelic-based therapies, including BPL-003 for Treatment-Resistant Depression.

Portfolio Pulse from Lara Goldstein

March 29, 2024 | 1:20 pm

GHBWF

GRAM

MAPS

STHZF

California's cannabis sector is experiencing a sales decline, with a recent report from Zuanic & Associates highlighting the market's consolidation potential. Leading brands with financial backing are likely to benefit. The report covers companies like Gold Flora, StateHouse, and Weedmaps, noting a 5% drop in cannabis sales to $1.05 billion in Q4 2023. The sector faces challenges such as tighter retailer margins and legal issues, despite an increase in dispensary licenses. The upcoming Benzinga Cannabis Capital Conference will feature insights from Pablo Zuanic.

Portfolio Pulse from Nicolás Jose Rodriguez

March 29, 2024 | 12:48 pm

USAS

Americas Gold And Silver (AMEX:USAS) reported Q4 earnings with a loss of $(0.04) per share, missing the $(0.03) estimate, and sales of $25.01M, missing the $27.90M estimate. Despite these misses, both losses and sales showed improvement over the previous year, with losses decreasing by 20% and sales increasing by 23.19%.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:59 am

RVSN

Rail Vision (NASDAQ:RVSN) reported a Q4 EPS loss of $(0.84), marking a 30% improvement from the $(1.20) per share loss reported in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:59 am

WKSP

Worksport (NASDAQ:WKSP) reported Q4 earnings with a loss of $(0.19) per share, beating the $(0.24) estimate, and sales of $839.37K, missing the $1.20M estimate. Year-over-year, this represents a 5% decrease in loss per share and a significant 2.05K% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:59 am

POAI

Predictive Oncology (NASDAQ:POAI) reported a Q4 EPS of $(0.85), improving from $(2.00) YoY. However, sales decreased to $335.03K from $363.47K YoY.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:59 am

AQMS

Aqua Metals (NASDAQ:AQMS) reported a Q4 EPS loss of $(0.09), missing the consensus estimate of $(0.05) by 80%. This represents an 80% increase in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:58 am

BJDX

Bluejay Diagnostics (NASDAQ:BJDX) reported a Q4 EPS loss of $(1.78), missing the consensus estimate of $(0.68) by 161.76%. This represents a 25.83% improvement over the $(2.40) per share loss from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:56 am