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NFLX

Netflix (NASDAQ:NFLX) reported strong Q1 2024 earnings, with a 14.8% year-over-year revenue increase to $9.37 billion and EPS of $5.28. The company is on track to monetize about 40 million borrowers by the end of 2024, converting account sharers into paying customers. This strategy, along with an ad-tier plan, is expected to drive further growth. Analysts from Evercore ISI Group, B of A Securities, and Oppenheimer project a 26.03% upside for NFLX, with an average price target of $691.67.

Portfolio Pulse from Surbhi Jain

April 25, 2024 | 2:20 pm

MMM

3M has issued a Stop Use and Recall Notice for its PELTOR X4 Series Earmuffs produced between March 2020 and September 2022 due to potential cracks on the exterior surface of the cups. Customers are advised to remove these products from service immediately, even if no cracks are visible.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:09 pm

HMC

Honda announced plans to expand its production capacity with a new battery plant adjacent to its existing facility in Ontario, aiming for a maximum annual capacity of 36 gigawatt hours. This expansion is expected to add 1,000 employees.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:09 pm

NDVAF

Indiva Limited, a Canadian cannabis edibles producer, reported a significant improvement in its financial performance for Q4 and the fiscal year ended Dec. 31, 2023. The company achieved record net revenue, gross profit, and positive EBITDA, with notable growth in core brands like Pearls by Grön and No Future gummies. Despite these achievements, Indiva anticipates a sequential revenue decline and lower margins in Q1 2024 due to seasonality and other factors, but expects record net revenue and EBITDA for the fiscal year 2024.

Portfolio Pulse from Jelena Martinovic

April 25, 2024 | 2:07 pm

INDV

Indivior (NASDAQ:INDV), a pharmaceutical company specializing in treatments for substance use disorders and mental illnesses, reported a 12% year-over-year revenue growth for Q1, reaching $284 million. The growth was primarily driven by sales of SUBLOCADE, a treatment for opioid use disorder. Despite facing challenges such as Medicaid disenrollments, a cyberattack, and trade destocking, the company remains optimistic, reconfirming its 2024 guidance for SUBLOCADE revenue and margin expansion. Net income and operating profit also saw increases compared to the same period last year.

Portfolio Pulse from Nina Zdinjak

April 25, 2024 | 2:04 pm

IBKR

Interactive Brokers (NASDAQ:IBKR) has expanded its trading hours for US Treasury bonds to 22 hours each day, allowing global clients to trade more flexibly in response to market news and economic events. This extension aims to enhance the trading environment by offering increased accessibility to one of the safest investment options, potentially leading to more profitable trades and better risk management.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:02 pm

CHKP

EIS

ISRA

Check Point Software Technologies Ltd (CHKP) reported a 6% year-on-year revenue growth for Q1 2024, reaching $598.80 million and surpassing consensus estimates. Adjusted EPS was $2.04, beating the consensus of $2.01. However, revenue from products and licenses fell by 7.1%. The company introduced new security technologies but saw a decrease in operating margin and operating cash flow. CHKP stock declined by 3.58% following the announcement. Investors can also gain exposure to CHKP through IShares MSCI Israel ETF (EIS) and VanEck Israel ETF (ISRA).

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 1:58 pm

GEVO

SPY

The Biden Administration is set to unveil a model for a low-carbon aviation fuel tax credit on Tuesday, as reported by Reuters. This initiative is part of a broader effort to reduce carbon emissions in the aviation sector and promote the use of sustainable fuels.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:58 pm

STLA

TM

Production at three Stellantis assembly plants in Europe has been halted due to a strike at a supplier, MA France. The affected plants are in Poissy and Hordain, France, and Luton, Britain. The Hordain plant produces vans and mini buses for Stellantis brands and Toyota. MA France is a division of the Italian group CLN, specializing in stamped metal parts.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:56 pm

ORCL

Oracle announced new AI capabilities within Oracle Fusion Cloud Customer Experience (CX) to accelerate deal cycles and improve customer satisfaction. These capabilities, built on Oracle Cloud Infrastructure (OCI), include generative AI for service response, field service scheduling, opportunity identification, content authoring, and seller engagement recommendations. The AI uses Oracle's infrastructure to ensure data privacy and security, supporting over 50 generative AI use cases without sharing customer data with third parties.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:50 pm