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Revenues

META

Elon Musk announced that his social media platform X has surpassed Meta Platforms Inc.'s Facebook and Instagram in terms of traffic, according to Similarweb data. X recorded 13.14 billion views in June, surpassing Facebook's 12.44 billion and Instagram's 5.798 billion. X also had nearly three times the number of unique visitors compared to Facebook.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 4:57 am

ARM

META

NVDA

QCOM

TSLA

On Wednesday, major U.S. indices closed positively, with the Dow Jones, S&P 500, and Nasdaq all experiencing gains. Federal Reserve Chair Jerome Powell hinted at a potential rate cut in September. Key stocks on investors' radars included Meta Platforms, Nvidia, Arm Holdings, Qualcomm, and Tesla, all of which saw significant price movements due to strong earnings reports and other notable events.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 3:16 am

AMD

COIN

PINS

Cathie Wood-led Ark Invest made significant trades in AMD, Pinterest, and Coinbase. Ark purchased $47.5M in AMD shares and $12.7M in Pinterest shares, while reducing its Coinbase exposure by $2.7M amid a Bitcoin drop. Other trades included buying Guardant Health and Intellia Therapeutics, and selling Zoom, Teladoc, and Veracyte shares.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 2:53 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced sharp declines amid escalating geopolitical tensions between Iran and Israel. Bitcoin's price dropped significantly, causing a ripple effect on other major altcoins. The market sentiment shifted from 'Greed' to 'Neutral,' and significant liquidations occurred. In contrast, US stock indices surged following dovish comments from Federal Reserve Chair Jerome Powell.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 2:42 am

FOX

FOXA

NXST

NYT

Jim Cramer on CNBC's 'Mad Money' highlighted Fox Corporation, The New York Times Company, and Nexstar Media Group as potential winners in the media sector due to the upcoming presidential election. Increased viewership and political ad spending are expected to boost their revenues.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 1:59 am

ALB

Albemarle Corporation continues to expect its FY24 net sales to be in the range of $5.5 billion to $6.2 billion, aligning with the estimated $5.725 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:44 pm

VET

Vermilion Energy has revised its full-year production guidance to 83,000 to 86,000 Boe/D, up from the previous range of 82,000 to 86,000 Boe/D.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:42 pm

RELY

Remitly has revised its FY24 total revenue guidance from a range of $1.225 billion - $1.25 billion to $1.23 billion - $1.25 billion, with an estimated revenue of $1.238 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:39 pm

PAYS

Paysign has raised its FY24 total revenue forecast to $56.5M-$58.5M, up from $54.5M-$56.7M. The company also expects higher gross profit margins of 54.0%-55.0%, driven by increased revenue from its pharma patient affordability business. Net income is projected to be $2.0M-$3.0M, or $0.04-$0.06 per diluted share, and adjusted EBITDA is expected to be $9.0M-$10.0M, or $0.16-$0.18 per diluted share.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:32 pm

WEAV

Weave has announced its Q3 total revenue expectations to be between $50.7M and $51.7M, surpassing the estimated $50.36M. Additionally, the company has raised its FY24 outlook from $197M - $200M to $201M - $203M, exceeding the estimated $198.51M.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:27 pm