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AAPL

GOOG

MSFT

Jim Cramer criticized the media for focusing too much on Apple's challenges, such as antitrust issues and declining iPhone sales in China, while underreporting Alphabet's and Microsoft's strong quarterly earnings. Alphabet and Microsoft exceeded expectations, while Apple's iPhone sales in China fell by 19.1%, marking its worst performance since 2020. This comes as Wall Street looks forward to Apple's Q2 earnings, with a positive outlook despite recent struggles.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 11:42 am

MDB

MSFT

SNOW

Microsoft Corp. (NASDAQ:MSFT) reported strong Q3 results, attributed to its Cloud business, with Azure's revenue up 23% year-over-year. Analyst Brent Bracelin highlighted Azure's performance, particularly in AI, as exceeding expectations and noted Snowflake, Inc. (NYSE:SNOW) and MongoDB, Inc. (NASDAQ:MDB) as companies to watch due to their indirect exposure to Azure's success. Following the report, MSFT, SNOW, and MDB stocks all saw premarket trading increases.

Portfolio Pulse from Shanthi Rexaline

April 26, 2024 | 11:41 am

VMAR

Vision Marine Technologies announced the filing of a patent for an advanced system communication encryption in its E-Motion powertrain, aimed at enhancing security, ensuring system conformity, and improving the boating experience.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:40 am

OPRX

OptimizeRx Corporation (OPRX) forecasts a significant revenue increase of over 40% YoY for 1Q24, expecting to achieve $18.5M-$19.2M, surpassing the $17.03M estimate. This growth is attributed to strong organic growth from its Dynamic Audience Activation Platform (DAAP) and the acquisition of Medicx Health in October 2023. The company also reports progress in commercial integration and cross-selling activities with Medicx, highlighting a potential $2.8 billion opportunity with existing brands. Despite the revenue growth, OPRX anticipates a GAAP net loss and Adjusted EBITDA loss for the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:37 am

BTCY

Biotricity announces high demand for its Biotres Pro, a 3-channel patch-like ECG, expected to increase subscription prices by over 32% and revenue by up to 10% from sales to existing customers through 2025. The initial production run has sold out, with pre-orders for the next run scheduled to ship by the end of May.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:29 am

FDCF

SNAP

SOCL

Snap Inc. (NYSE:SNAP) shares surged over 25% in premarket trading following the announcement of its first-quarter financial results, which exceeded analyst expectations. The company reported earnings of 3 cents per share against an expected loss of 5 cents per share, with adjusted EBITDA of $46 million, up from $1 million the previous year. Quarterly sales reached $1.195 billion, surpassing estimates by 6.74% and marking a 20.88% increase year-over-year. Snap also reported a 10% increase in daily active users to 422 million and introduced new tools and features. The company anticipates Q2 revenues between $1.225 billion and $1.255 billion, expecting daily active users to grow to approximately 431 million. Investors can also gain exposure to SNAP through the Global X Social Media ETF (NASDAQ:SOCL) and Fidelity Disruptive Communications ETF (NASDAQ:FDCF).

Portfolio Pulse from Nabaparna Bhattacharya

April 26, 2024 | 11:29 am

APLS

The European Medicines Agency has reset the review of Apellis Pharmaceuticals' intravitreal Pegcetacoplan for Geographic Atrophy to the last phase of the initial assessment, with an anticipated opinion from CHMP by July 2024.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:19 am

TECH

Bio-Techne and Novomol-Dx have developed Bio-marker Pathfinder, an ocular biomarker kit for point-of-care applications, utilizing Bio-Techne's Ella platform and Novomol-Dx's proprietary algorithms. The kit, aimed at diagnosing and monitoring conditions like Dry Eye Disease and Diabetic Retinopathy, promises accurate and fast results.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:12 am

IYT

JETS

LUV

Southwest Airlines Co (NYSE:LUV) is considering abandoning its open seating policy for assigned seats and premium options to attract younger travelers. This marks a significant shift from its traditional model since 1971. The decision is part of a broader strategy to meet evolving customer expectations, with an official announcement expected in September. Additionally, Southwest announced the closure of operations at four airports. The company's stock has declined over 11% in the past year, impacting investors in LUV and related ETFs like U.S. Global Jets ETF (NYSE:JETS) and iShares U.S. Transportation ETF (BATS:IYT).

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 11:12 am

SATS

EchoStar Corporation announced that its subsidiary, Hughes Network Systems, has opened a new manufacturing facility and private 5G incubation center in Germantown, Maryland. This move aims to boost local talent and expand the company's capabilities in the 5G domain.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:11 am