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MSFT

Microsoft Corp reported a 17% increase in Q3 revenue to $61.9 billion, surpassing estimates of $60.804 billion, with earnings of $2.94 per share beating the $2.82 forecast. This marks the fifth consecutive quarter Microsoft has exceeded analyst expectations. Revenue growth was seen across Productivity and Business Processes (12%), Intelligent Cloud (21%), and More Personal Computing (17%), highlighted by a 62% increase in Xbox content and services revenue. CEO Satya Nadella emphasized Microsoft's AI transformation through Copilot technologies. The company returned $8.4 billion to shareholders and did not provide future guidance in the earnings release. After hours, MSFT shares rose 6.01% to $421.96.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 8:15 pm

SNAP

Snap Inc. projects Q2 revenues to be between $1.225B and $1.255B, surpassing the estimated $1.14B. The company anticipates DAU to reach 431 million in Q2, aiming for 15% to 18% year-over-year revenue growth. Adjusted EBITDA is expected to be between $15M and $45M, reflecting Snap's investment plans and efforts to enhance its DR advertising platform for better advertiser outcomes.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:12 pm

ISPR

At the Benzinga Cannabis Capital Conference, industry leaders discussed the potential for global market expansion in the cannabis sector, highlighting the challenges and opportunities. Dr. Chanda Macias emphasized the importance of community and international scaling for women entrepreneurs, while Luna Stower of Ispire Vape Technology (NASDAQ:ISPR) discussed overcoming American biases and the significance of their Nasdaq listing. Heather Molloy spoke on the difficulties of raising capital for women in the cannabis industry and the potential for leveraging high-quality terpenes in international markets.

Portfolio Pulse from Rolando García

April 25, 2024 | 8:06 pm

DELL

META

NVDA

SMCI

SPY

Stock indexes closed lower due to weak US GDP data. Meta Platforms experienced a decline after announcing higher capital expenditure guidance, while hardware stocks like Dell, Nvidia, and Super Micro Computer saw gains. The S&P 500 ETF (SPY) also reflected the overall market downturn.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:51 pm

BTCUSD

Cryptocurrency trader Tim advocates for a bullish outlook on Bitcoin, emphasizing its significant rally from $16,000 to $70,000 over 14 months and a healthy consolidation phase. He introduces the ZPP approach: 'zoom out, perspective, patience,' for navigating current market conditions. Tim highlights the growing interest in cryptocurrencies, evidenced by the rise of ETFs and ETNs, and data showing a strong holder base. The market sentiment, according to the Fear and Greed Index, is neutral, contradicting the bearish sentiment on social media.

Portfolio Pulse from Khyathi Dalal

April 25, 2024 | 7:43 pm

EW

Financial analysts have observed a bullish trend in Edwards Lifesciences's (NYSE:EW) options trading, with a mix of bullish and bearish sentiments among traders. The analysis highlighted a price target range of $82.5 to $97.5 based on recent options activity. Edwards Lifesciences, a leader in heart disease medical devices, is currently trading at $88.25, slightly down with potential oversold indications. Analysts from Mizuho, Evercore ISI Group, Citigroup, and RBC Capital have provided target prices ranging from $92 to $105, reflecting a positive outlook on the stock.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:33 pm

SMCI

Super Micro Computer (SMCI) shares are trading higher following an announcement that Meta has increased its capital expenditure outlook due to intensified efforts in artificial intelligence.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:26 pm

NVDA

60 Minutes featured Nvidia, highlighting its achievement of surpassing $2 trillion in stock market value and its pivotal role in the AI revolution through its software and GPU innovations. The report by Bill Whitaker will air on Sunday.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:23 pm

NTDOY

Nintendo ADR (OTC:NTDOY) has issued takedown notices to Facepunch Studios, the developers of Garry's Mod, demanding the removal of Nintendo-related content from the game. This action affects content accumulated over nearly two decades. The enforcement of intellectual property rights by Nintendo has been consistent, as seen in previous actions against emulator projects like Dolphin and Yuzu. The removal of Nintendo-themed content from Garry's Mod represents a significant change for the game, which has included such content since its inception.

Portfolio Pulse from Franca Quarneti

April 25, 2024 | 7:22 pm

AZO

Recent options market activity indicates a bearish sentiment on AutoZone (NYSE:AZO), with a notable split among traders. Benzinga's options scanner revealed 14 trades, showing a mix of bullish (28%) and bearish (42%) sentiments. The focus is on a price band between $2600.0 and $3100.0. AutoZone, a leading retailer of aftermarket automotive parts, has seen its stock price decrease by -1.79%, currently at $2934.99. Analysts from Evercore ISI Group and Truist Securities have issued positive ratings, with target prices of $3346 and $3523, respectively.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:01 pm