Streetbeat News

Products Services

LDO

UNI

Rollbit, a crypto casino and futures exchange, has a market cap of $505M and YTD revenue of $355M. It ranks third in revenue among crypto protocols, behind Uniswap and Lido. Rollbit's diverse revenue streams and token buyback program have contributed to its success, with a significant portion of RLB tokens already burned. Despite rapid revenue growth and a favorable P/S ratio, potential investors should consider risks such as the platform's anonymity and licensing in Curaçao, as well as restrictions in major markets.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 10:31 pm

ESTC

Elastic NV (ESTC) stock surged in after-hours trading following the company's Q2 earnings report, which exceeded analyst expectations. Elastic reported earnings of 37 cents per share, surpassing the consensus estimate of 24 cents, and quarterly sales of $310.61 million, beating the estimate of $304.11 million. The company also saw an increase in subscription customers and provided positive guidance for Q3 and full-year 2024, with anticipated earnings and revenue above estimates. CEO Ash Kulkarni highlighted investments in AI and the Elastic Relevance Engine as key drivers of customer engagement.

Portfolio Pulse from Ryan Gustafson

November 30, 2023 | 10:30 pm

POLA

Polar Power (symbol: POLA) has announced its intention to sell shares of its common stock in an underwritten public offering. The net proceeds from the offering are planned to be used for product development, general corporate purposes, working capital, capital expenditures, operational purposes, and potential acquisitions in complementary businesses.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 10:26 pm

JPM

JPMorgan's research report indicates a resurgence in the DeFi and NFT sectors, driven by the anticipation of a U.S.-based spot Bitcoin ETF. The report notes increased trading activity in DeFi, the rise of liquid staking, and the emergence of new chains and protocols. However, it also mentions Ethereum's ongoing challenges with scalability and competition. The overall sentiment is cautiously optimistic about the revival of DeFi and NFT activities.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 10:20 pm

MRK

SGEN

Seagen announced that the FDA has granted priority review for the sBLA of PADCEV in combination with KEYTRUDA for the first-line treatment of advanced bladder cancer. This could expedite the approval process, potentially benefiting patients with advanced bladder cancer.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 10:03 pm

MRK

Merck announced that the FDA has granted priority review to their application for KEYTRUDA in combination with Padcev for the first-line treatment of patients with locally advanced or metastatic urothelial cancer.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 10:01 pm

BIOR

Biora Therapeutics has received FDA clearance for its IND application for BT-600, a drug/device combination using Biora's NaviCap ingestible drug delivery device with tofacitinib, aimed at treating moderate to severe ulcerative colitis.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:49 pm

RCI

Rogers Communications has successfully acquired 3800 MHz spectrum in Canada's third 5G auction, enhancing its 5G capabilities. This acquisition is expected to bolster Rogers' network infrastructure and improve its competitive position in the Canadian telecommunications market.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:43 pm

MSFT

SONY

Microsoft Corporation (NASDAQ:MSFT) and Sony Group Corp. (NYSE:SONY) have announced their December 2023 game lineups for Xbox Game Pass and PlayStation Plus, respectively. Microsoft's Xbox Game Pass will add new titles including 'Spirit of the North', 'SteamWorld Build', and 'Far Cry 6', and will update its Game Pass Core library with 'Chivalry 2' and 'Totally Reliable Delivery Service'. Sony's PlayStation Plus will offer 'LEGO 2K Drive', 'Powerwash Simulator', and 'Sable' to subscribers at no extra cost. These games will be available until January 1, while previous month's games will be removed on December 4.

Portfolio Pulse from Franca Quarneti

November 30, 2023 | 9:30 pm

AN

AutoNation, Inc. (NYSE:AN) has rebranded RepairSmith by AutoNation to AutoNation Mobile Service following its acquisition earlier this year. The service offers on-site vehicle care by certified TechXperts, providing convenience and a range of benefits such as Upfront Service Pricing and a Repair Guarantee. It caters to individual customers, fleet operators, car rental agencies, and dealership partners, aiming to enhance its After-Sales business and customer service experience.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:29 pm