Streetbeat News

Products Services

CWS

FDS

GABF

FactSet Research Systems Inc (NYSE:FDS) reported a slight miss in Q2 fiscal 2024 sales at $545.95 million against a consensus of $546.80 million but beat EPS estimates with $4.22 versus $3.88 expected. Despite positive growth in client count and adjusted EBITDA, FDS shares dropped 5.40% to $463.04. The company reiterated its FY24 revenue and EPS outlook, and mentioned strategic investments in generative AI. FDS is included in AdvisorShares Focused Equity ETF (NYSE:CWS) and Gabelli ETFs Trust Gabelli Financial Services Opportunities ETF (NYSE:GABF).

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 3:16 pm

COIN

Coinbase Inc. (NASDAQ:COIN) UK CEO Daniel Seifert highlighted Bitcoin as a viable financial alternative in challenging economies, citing regulatory advancements and the anticipation of Bitcoin's halving event as key growth drivers. Seifert emphasized the role of Bitcoin ETFs in boosting investor confidence and noted the growing mainstream acceptance of digital currencies. He also discussed the potential of Bitcoin in emerging markets, the importance of regulation for the crypto industry's future, and addressed misconceptions about Bitcoin mining's energy consumption.

Portfolio Pulse from Murtuza Merchant

March 21, 2024 | 3:09 pm

ARGX

JNJ

RHHBY

Argenx SE (NASDAQ:ARGX) shares surged due to Chugai Pharmaceutical's disappointing gMG trial results, boosting Argenx's market cap to $21.2 billion. Argenx's Vyvgart Hytrulo was FDA approved in June 2023 for gMG in adults, contributing to $1.2 billion in FY2023 revenues. Chugai's Enspryng failed to meet expectations in its Phase 3 LUMINESCE study for gMG, despite being developed with Roche Holdings AG (OTC:RHHBY). Johnson & Johnson (NYSE:JNJ) reported success in its Phase 3 VIVACITY study of nipocalimab for gMG.

Portfolio Pulse from Vandana Singh

March 21, 2024 | 3:06 pm

AUNA

Auna S.A. (NYSE:AUNA) is set to IPO on March 22, offering shares between $13.00 and $15.00 with a 180-day insider lock-up period. The company operates hospitals and clinics in Mexico, Peru, and Colombia, and offers prepaid healthcare plans in Peru and dental and vision plans in Mexico.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:00 pm

AMZN

Travis Kelce, Kansas City Chiefs tight end and Super Bowl winner, is reportedly in talks to host a reboot of 'Are You Smarter Than a Fifth Grader?' on Amazon Prime Video. This move comes as Kelce's popularity has surged due to his NFL achievements, a high-profile relationship with Taylor Swift, and previous ventures into entertainment. Amazon.com Inc (NASDAQ:AMZN), which owns Amazon Prime Video, could see this as an opportunity to expand its reality and gaming content, leveraging Kelce's growing brand.

Portfolio Pulse from Chris Katje

March 21, 2024 | 2:47 pm

LLY

NVO

The Medicare agency has announced that obesity drugs can be covered for reducing heart risk, allowing drug plans to cover these medications for additional uses. This decision could potentially increase the usage and insurance coverage of obesity drugs, impacting companies involved in their production.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:43 pm

KMTUY

LASE

Laser Photonics Corporation (NASDAQ:LASE) shares surged after announcing a distribution agreement with Incredible Supply & Logistics for its military and industrial laser solutions. The partnership is expected to expand Laser Photonics' customer base and distributor network, leveraging ISL's strong connections with U.S. defense agencies and its national distribution network. Additionally, Laser Photonics recently received an order for its CleanTech LPC-500-CTHD laser cleaning system from Komatsu (OTC:KMTUY) through its Japanese distributor.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 2:30 pm

CBL

CBL Properties (NYSE:CBL) has announced partnerships with MINISO and other brands like Five Below, Aerie, and Garage to expand their U.S. presence in 13 CBL malls. The expansion includes new MINISO store openings across various states starting from November 2023, aiming to cater to a generation preferring mall shopping. This move is part of CBL's strategy to enhance its mall properties by adding a mix of retailers, restaurants, and entertainment options.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:17 pm

RTX

Raytheon, a business unit of RTX (NYSE:RTX), has been awarded a $1.2 billion contract to supply Germany with additional Patriot air and missile defense systems. This contract includes the latest Patriot Configuration 3+ radars, launchers, command and control stations, and associated support, enhancing Germany's air defense capabilities and interoperability with allies.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:13 pm

BABA

Alibaba.com announced a 14% increase in active U.S. B2B buyers and a 10% growth in average daily transaction volume for the U.S. market during its March Expo from March 1-18, 2024. The platform introduced new guaranteed services for SMEs, reflecting a shift towards online sourcing amid macroeconomic uncertainty and supply chain pressures. A survey revealed 66% of U.S. businesses plan to increase online cross-border purchasing, with competitive pricing and product selection as key motivators.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:10 pm