Streetbeat News

Revenues

SCVL

Shoe Carnival shares rose following a strong Q2 revenue report, surpassing expectations. The company also increased its FY24 guidance and provided Q3 net sales guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:36 pm

FXY

GLD

TLT

XLK

XLU

Disappointing U.S. payroll data for August has led to increased bets on a Federal Reserve rate cut, causing gold and the yen to rally, while Treasury yields fall. ETFs like TLT, FXY, GLD, XLK, and XLU have shown varied reactions in premarket trading.

Portfolio Pulse from Piero Cingari

September 05, 2024 | 1:23 pm

AIQ

AVEM

BABA

Alibaba's Taobao and Tmall platforms now accept WeChat payments, aiming to expand market share in China amid intense competition. This move could help Alibaba grow in less developed regions. Alibaba's stock has declined 13% over the past year. The company also launched a new digital technology company and reported a 4% revenue growth in Q1, missing analyst expectations.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 1:22 pm

F

Ford Motor Co reported total U.S. vehicle sales of 182,985 units in August 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:22 pm

FRGT

Freight Technologies, Inc. (NASDAQ:FRGT) reported a 6.6% increase in revenue for the first half of 2024, reaching $8.1 million. The company revised its full-year 2024 revenue forecast to $15M-$20M, driven by strong growth in its Fr8Fleet business and improved gross profits.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:21 pm

SYNX

Silynxcom Ltd. (NYSE:SYNX) has secured three new orders for its tactical communication headsets from law enforcement agencies in Germany and Switzerland. This includes two repeat orders from Switzerland and a new order from Germany, indicating growing demand for their products in Europe.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:16 pm

PSTX

RHHBY

Poseida Therapeutics is set to present new clinical data from its Phase 1 study of the allogeneic CAR-T therapy P-BCMA-ALLO1 at the International Myeloma Society Annual Meeting. The initiation of a Phase 1b trial has generated a $20 million payment from Roche.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:14 pm

NVDA

Nvidia's Q2 revenue heavily relies on four major customers, raising concerns about its future performance amid market challenges. Analysts highlight the risks of such customer concentration, especially with potential competition from in-house chip developments by tech giants.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 1:12 pm

JBLU

JetBlue shares are experiencing an uptick as the company has increased its Q3 revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:10 pm

COHU

Cohu, Inc. announced that a major customer in the automotive, industrial, and computing sectors has ordered their Diamondx test cell solution, which includes the new VI100 instrument. This solution offers significant improvements in test time and cost efficiency for power management devices.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:08 pm