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DCFC

Tritium DCFC has announced a restructuring plan to improve operational efficiency and drive profitability. The plan involves consolidating its global manufacturing operations into its plant in Lebanon, Tennessee, and reducing selling general & administrative (SG&A) expenses by decreasing specific headcount and professional fees.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:49 am

AAPL

AMZN

BRK

Warren Buffett, CEO of Berkshire Hathaway, admitted to missing early investment opportunities in Amazon. Berkshire Hathaway began buying Amazon shares in 2019, owning around 10.55 million shares worth roughly $1.37 billion by Q2 2023. However, Apple remains the leading equity portfolio investment of Berkshire Hathaway, constituting nearly half of its $318.62 billion equity investment in five companies. If Berkshire had invested $1.07 billion in Amazon instead of Apple in 2016, it would be worth $5.1 billion now, compared to Apple's $7.03 billion.

Portfolio Pulse from Ananya Gairola

November 08, 2023 | 7:41 am

KNF

MDU

Knife River has priced its secondary public offering of 5,142,383 common shares at $54 per share. The shares are currently owned by MDU Resources Group, Inc., Knife River's former parent company. Knife River will not be selling any shares of common stock and will not receive any proceeds from the sale.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:34 am

JPM

Jamie Dimon, CEO of JPMorgan Chase, has expressed concerns that current global conflicts, including the war in Ukraine and the conflicts in the Middle East, could lead to a serious global crisis. Despite these concerns, financial markets have remained resilient, with the S&P 500 and global equity markets seeing modest increases. Oil prices also experienced a temporary spike due to fears of Iran being drawn into a broader conflict, but have since returned to pre-escalation levels.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 5:55 am

ADAUSD

BTCUSD

ETHUSD

HOOD

MATICUSD

SOLUSD

Robinhood Markets Inc's CEO, Vlad Tenev, discussed the company's performance in the cryptocurrency market during the Q3 earnings call. He acknowledged the strong performance of Bitcoin and Ethereum, but noted subdued volume trends. Tenev also revealed plans for Robinhood to expand its services into the European Union. He addressed the delisting of certain cryptocurrencies, including Cardano, Polygon, and Solana, stating that regulatory clarity is crucial in such decisions. Robinhood reported a 55% drop in crypto trading revenues to $23 million in Q3 2023.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 5:17 am

AAPL

AXP

Goldman Sachs is reportedly preparing to sell its General Motors credit card program, reflecting a broader reassessment of its consumer lending efforts. The bank has also been in discussions with American Express regarding interest in the Apple card program. This move follows Goldman Sachs's downsizing of its consumer-lending division, including the sale of specialty lender GreenSky and most of the personal loan portfolio.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 5:10 am

BTCUSD

HOOD

Robinhood CEO Vlad Tenev expressed optimism about the future of Bitcoin and the potential for a Bitcoin ETF during the company's earnings call. He noted the increasing attractiveness of Bitcoin as a mainstream asset for diversification. However, Robinhood reported a drop in its crypto trading revenues during the third quarter, with transaction-based revenues on cryptocurrencies declining by 55% to $23 million.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 4:14 am

INTC

LMT

MSFT

NVDA

Lockheed Martin's CEO, Jim Taiclet, has emphasized the need for the U.S. to increase its investments in digital defense technologies. He suggested that partnerships with tech giants like Nvidia, Microsoft, and Intel are crucial for integrating digital advancements into the military and national defense systems. Lockheed Martin's shares climbed in October after a strong quarter and increased global demand for military equipment. The company is also positioned to double the production of its F35 aircraft and increase production of munitions by about 60% with sufficient investment.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 3:01 am

ODD

Oddity Tech has raised its FY23 EPS from $1.11-$1.17 to $1.21-$1.23, and revenue from $475M-$480M to $493M-$497M. This is due to strong Q3 results, leading to higher revenue, profit margins, and earnings than previously expected. The company now expects year-over-year growth between 52% and 53%, gross margins of approximately 70.0%, and adjusted EBITDA between $104 million and $105 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:37 am

ODD

Oddity Tech has provided its Q4 2023 guidance, expecting net revenue between $82M-$85M, representing YoY growth of 22-26%, and adjusted EBITDA between $13M-$14M. The company also anticipates an adjusted diluted EPS of $0.10-$0.12, with a stock-based compensation expense of approximately $8M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:36 am