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NTDOY

SONY

South Korea's Ministry of Culture, Sports, and Tourism has announced a five-year plan to expand its console gaming market by 2028, aiming to reduce its reliance on mobile and online gaming. The plan includes supporting local developers in partnerships with major console manufacturers like Microsoft, Sony, and Nintendo to boost South Korea's global console market share from 1.5% to closer to the global average of 28%.

Portfolio Pulse from Franca Quarneti

May 01, 2024 | 5:50 pm

HAP

HJEN

SHEL

Shell PLC (NYSE:SHEL) is exiting China's power market to focus on enhancing profitability in its natural gas and oil sectors. This strategic move is part of a broader effort to streamline operations and save up to $3 billion annually. The exit includes generation, trading, and marketing but does not affect Shell's electric vehicle charging business. Shell aims to invest selectively in profitable power sector ventures and has recently set a new ambition to reduce customer emissions by 15%-20% by 2030. Shell's stock can be accessed through Direxion Hydrogen ETF (NYSE:HJEN) and VanEck Natural Resources ETF (NYSE:HAP).

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 5:45 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) reported Q1 results surpassing analyst estimates for revenue and earnings per share, with significant attention on AWS's growth and its AI opportunities. Analysts from Bank of America, Mizuho, Piper Sandler, Goldman Sachs, Needham, Roth MKM, JMP Securities, and Wedbush have all provided positive outlooks, with several raising their price targets for AMZN. Key highlights include AWS's 17.2% growth outperforming expectations, high profit margins, and the potential for Amazon to be a major beneficiary in AI advancements. Concerns were noted regarding retail guidance and European market uncertainties.

Portfolio Pulse from Chris Katje

May 01, 2024 | 5:28 pm

ECLN

EMLP

PPL

PPL Corporation (NYSE:PPL) exceeded Q1 FY24 revenue and EPS estimates with significant growth in electricity sales and operating income. The company is on track with its $3 billion infrastructure improvements for the year, aiming for a modern, resilient grid and sustainable energy future. PPL reiterated its FY24 EPS outlook and its long-term growth targets, including annual savings from operational efficiencies. Shares rose 2.09% following the announcement. Exposure to PPL can also be gained through ECLN and EMLP ETFs.

Portfolio Pulse from Lekha Gupta

May 01, 2024 | 5:16 pm

ROKU

TTD

Roku, Inc. (NASDAQ:ROKU) shares rose after announcing new video experiences, ad solutions, and content partnerships at its IAB NewFront presentation. The company highlighted its advertising business innovation, reaching nearly 120 million people daily. New content on The Roku Channel includes series produced by Bryan Cranston and starring Ty Burrell, among others. Roku also announced a data-driven TV streaming partnership with The Trade Desk, Inc. (NASDAQ:TTD) and an expanded measurement partnership with iSpot.tv, aiming to enhance advertiser capabilities on TV streaming.

Portfolio Pulse from Nabaparna Bhattacharya

May 01, 2024 | 5:06 pm

AMZN

GOOG

META

TSM

Third Point LLC's focus on AI-driven investments, particularly in Alphabet Inc. (GOOG/GOOGL) and Taiwan Semiconductor Manufacturing Co (TSM), contributed to its Q1 growth despite underperforming the S&P 500. Alphabet's AI capabilities and TSMC's revenue growth highlight the potential of AI investments. Other tech giants like Meta Platforms Inc (META) and Amazon.com Inc (AMZN) also showed strong performances, with significant investments in AI infrastructure.

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 5:03 pm

AMD

CETX

CVRX

LEG

AMD shares fell by around 7% after reporting Q1 results and Q2 revenue guidance matching Street estimates but with a non-GAAP gross margin of about 53%. Other stocks showed significant movement, with notable gainers including CytomX Therapeutics, IM Cannabis Corp., and Akanda Corp., among others, due to various positive updates and financial results. Losers included Cemtrex, CVRx, and Leggett & Platt, with declines following public offerings, downgrades, and disappointing financial results.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 5:01 pm

ACSI

PTON

VTI

Hyatt Hotels Corporation (NYSE:H) and Peloton Interactive Inc (NASDAQ:PTON) have partnered to integrate Peloton's fitness equipment and classes into Hyatt's global properties, enhancing the World of Hyatt loyalty program. This collaboration will feature Peloton Bikes and, in select U.S. locations, the Peloton Row at over 800 Hyatt properties worldwide. The partnership aims to cater to the growing traveler interest in health and wellness amenities. The announcement comes ahead of Peloton's Q3 earnings release, which is expected to show a 4% revenue decline. Peloton's CEO Barry McCarthy is focusing on expanding market presence through partnerships, similar to a previous deal with Hilton. Hyatt's stock has seen a 28% increase over the past 12 months, and its performance can impact investors in ACSI and VTI ETFs.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 4:47 pm

AMD

NVDA

AMD reported Q1 earnings and Q2 guidance that surpassed analyst estimates but still saw its stock price fall. Despite achieving over 1,000% growth in AI GPU sales and solid performance in server and MI300 segments, concerns over gaming segment weakness, competition with Nvidia, and high expectations for AI revenue growth have impacted investor sentiment. Analysts have adjusted their price targets accordingly, with a general consensus on AMD's strong position in AI and server markets but cautioning about its valuation and competition.

Portfolio Pulse from Chris Katje

May 01, 2024 | 4:39 pm

EADSY

ERJ

Embraer SA is exploring the possibility of entering the narrow-body aircraft market, potentially challenging the Boeing-Airbus duopoly. This comes as Boeing faces crises, including the 737 MAX issues. Embraer is considering partnerships for this venture, with potential collaborators in Saudi Arabia, Turkey, India, and South Korea. Despite no concrete plans yet, Embraer's move could disrupt the market, especially as Boeing struggles with financial and strategic challenges. Meanwhile, Airbus continues to advance its narrow-body aircraft development.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 4:21 pm