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AMR

IDR

LMSQF

MTAL

Alpha Metallurgical reported Q1 net income of $127M and sales of $864M, with a share repurchase program of $1.5B. Metals Acquisition announced the redemption of all outstanding warrants for 10 cents each to simplify its capital structure. Latin Metals updated on its Organullo Project, with AngloGold identifying a high-priority drill corridor. Idaho Strategic Resources reported a 76.5% increase in revenue and a significant rise in gold production, alongside cost savings from new contracts and property purchases.

Portfolio Pulse from austin@walkonholdings.com

May 06, 2024 | 8:38 pm

VCYT

Veracyte, Inc. (NASDAQ:VCYT) announced significant findings from 14 studies presented at AUA 2024, demonstrating the effectiveness of its Decipher Prostate and Decipher Bladder Genomic Classifiers in providing better prognostic information for prostate and bladder cancer patients. The studies also highlighted the utility of the Decipher GRID tool in advancing disease understanding. These findings underscore Veracyte's commitment to evidence-based diagnostics and its potential to improve patient outcomes through personalized care.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:30 pm

VRTX

Vertex Pharmaceuticals has reaffirmed its financial guidance for FY24, projecting product revenues in the range of $10.55 billion to $10.75 billion, aligning closely with the estimated $10.702 billion. This forecast includes anticipated growth in cystic fibrosis (CF) treatments and the launch of CASGEVY in its approved indications and geographies.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:26 pm

PYPL

V

A study by Visa and Allium Labs found that only 10% of stablecoin transaction volumes in April were from 'organic payments activity', challenging the perception of stablecoins' acceptance as a payment method. Despite the push from fintech companies like PayPal and Stripe, the study suggests stablecoins are not yet widely used for genuine transactions. Visa, processing over $12 trillion in transactions last year, could be impacted if stablecoins gain acceptance, but stablecoin circulation is predicted to reach $2.8 trillion by 2028.

Portfolio Pulse from Khyathi Dalal

May 06, 2024 | 8:16 pm

BCC

Boise Cascade indicates that macroeconomic factors, including mortgage rates, home affordability, home equity levels, and others, will likely influence the near-term demand for its manufactured and distributed products.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:14 pm

LCID

Lucid Motors reported production of 1,728 vehicles and delivered 1,967 vehicles in Q1 2024, indicating a positive trend in production and delivery numbers.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:08 pm

BTBT

Bit Digital, Inc. (NASDAQ:BTBT) reported a 12.5% decrease in BTC production for April 2024, producing 119.3 BTC due to reduced bitcoin block rewards post-halving. The company's active hash rate was 2.76 EH/s, with treasury holdings of BTC and ETH valued at approximately $121.9 million. Cash and equivalents stood at $43.7 million. Bit Digital's AI segment generated $4.1 million in revenue from 251 servers. Additionally, the company had 17,184 ETH staked, earning a 1.0% APY and 13.9 ETH in staking rewards for April.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:01 pm

LUV

Southwest Airlines' shares are trading higher, even without any new company announcements. The increase follows a report from Friday stating that the airline plans to reduce pilot hours due to delays in Boeing deliveries.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:53 pm

FPX

LYFT

MILN

TSLA

UBER

Morgan Stanley analyst Brian Nowak reaffirmed an Overweight rating on Uber Technologies, Inc. (UBER) with a $90 price target, citing its attractive growth-adjusted multiple compared to Lyft, Inc. (LYFT), Maplebear Inc. (CART), and others. Nowak highlighted Uber's potential for growth and profitability, leveraging its multi-product rides and cross-platform strategies. Concerns about competition from autonomous driving technologies, notably Tesla Inc.'s (TSLA) advancements, were also mentioned. Uber's stock has seen significant growth, and exposure to UBER can be gained through ETFs like First Trust US Equity Opportunities ETF (FPX) and Global X Millennial Consumer ETF (MILN).

Portfolio Pulse from Anusuya Lahiri

May 06, 2024 | 7:50 pm

SONY

PlayStation faced significant backlash after announcing a requirement for Helldivers 2 players on PC to link their Steam accounts to a PlayStation Network (PSN) account, leading to over 14,000 negative reviews on Steam and a review score drop from "mostly positive" to "mixed". Following community outrage, PlayStation reversed the decision, canceling the planned account linking update.

Portfolio Pulse from Franca Quarneti

May 06, 2024 | 7:28 pm