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Revenues

FBTC

GBTC

IBIT

Bitcoin spot ETFs experienced a significant net inflow of $101 million on June 12, reflecting growing investor confidence. Fidelity’s ETF (FBTC) led with $50.623 million, followed by BlackRock’s ETF (IBIT) with $15.5789 million. Grayscale’s ETF (GBTC) saw no net change. This surge comes amid expectations of potential rate cuts in 2024.

Portfolio Pulse from Murtuza Merchant

June 13, 2024 | 11:21 am

DIA

QQQ

SPY

USO

U.S. stock markets closed mixed with the S&P 500 and Nasdaq hitting record highs due to lower-than-expected inflation data. The Federal Reserve plans only one rate cut this year, contrary to earlier forecasts. Crude oil prices fell due to increased U.S. crude inventories and a reduced oil demand forecast for 2024. European markets dipped due to the Fed's hawkish stance.

Portfolio Pulse from Akanksha Bakshi

June 13, 2024 | 11:17 am

BLK

BTCUSD

V

The fintech sector has reached a low point in valuations after a significant correction from the highs of 2020-21. Industry leaders at the Money20/20 event in Amsterdam believe the market has recalibrated, now valuing businesses with strong use cases and business models. Despite challenges, there is renewed interest in cryptocurrencies and potential for industry consolidation.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 11:16 am

HEPS

D-Market Electronic reported significant growth in Q1 2024, with GMV increasing by 42.5% YoY to TRY 36.3 billion, revenue up by 45.0% YoY, and a notable improvement in EBITDA. The company also saw a rise in the number of orders, active customers, and free cash flow turning positive.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:11 am

AVGO

Broadcom shares are trading higher after the company reported better-than-expected Q2 financial results, issued strong revenue guidance, and announced a 10-for-1 forward split.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:10 am

LOVE

Lovesac has reaffirmed its fiscal 2025 outlook, projecting net sales between $700M and $770M, adjusted EBITDA between $46M and $60M, and diluted EPS between $1.06 and $1.59. These projections are compared to estimates of $714.53M in net sales and $1.23 in EPS.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:08 am

HEPS

D-MARKET Electronic expects a significant 75% YoY growth in GMV for Q2 2024, with EBITDA as a percentage of GMV ranging from 1.8% to 2.0%. The company aims to focus on sustainable and profitable growth with prudent capital allocation.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:07 am

HEPS

D-MARKET Electronic (NASDAQ:HEPS) reported a significant increase in Q1 sales, reaching $365.56 million, up 49.03% from $245.30 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:03 am

SIG

Signet Jewelers has reaffirmed its FY25 outlook, projecting total sales between $6.66 billion and $7.02 billion, which is in line with estimates. The company also expects same-store sales to range from a decline of 4.5% to an increase of 0.5%, and adjusted EPS between $9.90 and $11.52, compared to the estimated $10.55.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:01 am

SIG

Signet Jewelers expects Q2 total sales to range between $1.46 billion and $1.52 billion, slightly below the estimated $1.508 billion. The company also anticipates a same-store sales decline of 2% to 6%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:56 am