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DOX

Amdocs (NASDAQ:DOX) has announced a collaboration with Virgin Media O2 to enhance the range of streaming services available to Virgin Media O2 customers in the UK. This partnership aims to expand offerings to include new streaming, gaming, health, lifestyle, and security services. The collaboration leverages Amdocs Subscription Marketplace to meet the dynamic demands of consumers, aiming to increase customer lifetime value and ensure innovation and customer satisfaction.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:32 pm

CPAY

Corpay, Inc. (NYSE:CPAY) has announced its definitive agreement to acquire Paymerang from Aldrich Capital Partners, aiming to close the transaction in Q2 of 2024. This acquisition is set to strengthen Corpay's position in the middle market and expand its presence in education, healthcare, hospitality, and manufacturing verticals. Paymerang's addition will bring over 250,000 merchants to Corpay's network, enhancing its processing capabilities to $120 billion in annual spend. The deal is expected to accelerate growth and profitability within Corpay's corporate payments sector.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:18 pm

RUN

Sunrun (NASDAQ:RUN), a leading clean energy provider, has networked over 16,200 home solar-plus-storage systems in California to support the state's electrical grid, particularly during peak demand times in summer. This initiative, known as CalReady, aims to reduce grid strain and prevent power emergencies by supplying critical energy. Sunrun's efforts have doubled the capacity and participant number from the previous year, making CalReady the largest virtual power plant in the country. The program, part of California's Strategic Reliability Reserve, compensates Sunrun customers for sharing their stored solar energy, enhancing grid resilience and reducing the risk of blackouts.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:03 pm

CTMX

CytomX Therapeutics' shares surged following the announcement of better-than-expected Q1 financial results and promising initial data from its CX-904 Phase 1a clinical study, which showed a favorable safety profile and confirmed anti-cancer activity.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:03 pm

ACAD

Acadia has reaffirmed its 2024 financial guidance, including net product sales for DAYBUE and NUPLAZID, as well as R&D and SG&A expenses.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:43 pm

AMC

AMC has announced its ongoing interactions with several musical artists, aiming to capitalize on the success of its Taylor Swift and Beyonce films in 2023. This strategy suggests a continued focus on leveraging popular music content to attract audiences.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:29 pm

HOOD

Robinhood Markets (NASDAQ:HOOD) reported Q1 financial results with a revenue of $618 million, up 40% year-over-year, surpassing the consensus estimate of $548.6 million. EPS was 18 cents, beating the estimate of 5 cents. Transaction-based revenue increased by 59% to $329 million, with significant growth in cryptocurrency, options, and equities revenue. The company saw record net deposits of $11.2 billion and a 42% increase in Gold subscribers to 1.7 million. Over 1 million customers joined the waitlist for the Robinhood Gold Credit Card. Funded customers and investment accounts also saw increases, with monthly active users up 16% to 13.7 million. The company expects adjusted operating expenses and stock-based compensation to be between $1.85 billion and $1.95 billion for the full year.

Portfolio Pulse from Chris Katje

May 08, 2024 | 8:28 pm

AMC

AMC expresses high confidence in its recovery trajectory, citing a strong lineup of films for the remainder of 2024, 2025, and into 2026.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:28 pm

BHP

CMP

IDR

IE

USAU

Gold King, a subsidiary of U.S. Gold (NYSE:USAU), received a key permit from the Wyoming Department of Environmental Quality, advancing its project development. Ivanhoe Electric (NYSE:IE) and BHP (NYSE:BHP) launched a mining alliance to explore and develop projects in the Southwest U.S., with BHP funding $15 million initially. Compass Minerals (NYSE:CMP) reported fiscal Q2 results, announcing dividend suspension to save $25 million annually and other cost-saving measures. Idaho Strategic Resources (NYSE:IDR) signed an MOU with Radiant Industries to potentially operate meltdown-proof microreactors.

Portfolio Pulse from austin@walkonholdings.com

May 08, 2024 | 8:12 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

Cryptocurrency markets remained stagnant with Bitcoin, Ethereum, Dogecoin, and others trading slightly down. Notable developments include FTX's plan to repay customers with interest, a major trading firm's $1B Bitcoin ETF purchase, and Hong Kong's launch of a $128M Crypto ETF Liquidity Fund. Analysts remain optimistic about Bitcoin's potential, predicting significant price targets despite current market consolidation.

Portfolio Pulse from Khyathi Dalal

May 08, 2024 | 8:03 pm