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Revenues

TH

Target Hospitality Corp. (NASDAQ:TH) shares surged after the company updated its 2024 outlook following the termination of a significant contract. The U.S. government ended the STFRC contract, impacting revenue projections. Despite this, the company expects zero net debt by the end of 2024 and received an acquisition proposal from Arrow Holdings S.àr.l.

Portfolio Pulse from Shivani Kumaresan

June 27, 2024 | 3:39 pm

AMZN

RIVN

TSLA

Rivian Automotive (NASDAQ:RIVN) held an investor day highlighting new vehicle launches, a joint venture with Volkswagen, and partnerships with Amazon and Tesla. CEO RJ Scaringe emphasized cost reductions, vertical integration, and autonomy. Rivian plans to open its EV charging network this summer and aims for positive gross profit by Q4 2024.

Portfolio Pulse from Chris Katje

June 27, 2024 | 3:26 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) is advancing its use of generative AI in its finance operations, enhancing tasks such as fraud detection, contract review, and financial forecasting. This shift, driven by Amazon Web Services (AWS), has contributed to a surge in sales and is expected to increase capital expenditures significantly. Amazon is also developing a new AI chatbot, 'Metis,' to compete with OpenAI's ChatGPT.

Portfolio Pulse from Anusuya Lahiri

June 27, 2024 | 3:25 pm

GOOG

GOOGL

Google has announced new features for its Gemini API and Google AI Studio, including a 2 million token context window for Gemini 1.5 Pro, code execution capabilities, and the availability of Gemma 2. These updates aim to enhance developer capabilities and reduce costs. Additionally, Gemini 1.5 Flash is being used in various innovative applications, and text tuning for the model is now available.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 3:15 pm

INJUSD

Injective's (CRYPTO: INJ) price increased by 3.57% in the past 24 hours to $23.83, with a weekly uptick of over 11%. Despite a 26% drop in trading volume, the circulating supply increased by 0.44%, bringing the market cap to $2.32 billion.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 3:02 pm

BBY

EM

GME

The article provides a comprehensive analysis of GameStop (NYSE:GME) compared to its competitors in the Specialty Retail industry. Key financial metrics indicate that GameStop is overvalued with high PE, PB, and PS ratios, but it shows lower profitability and operational efficiency. However, its revenue growth rate is better than the industry average, suggesting potential for future improvement.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 3:01 pm

MA

The article provides a comprehensive analysis of Mastercard (NYSE:MA) compared to its competitors in the Financial Services industry. It highlights Mastercard's high valuation ratios (P/E, P/B, P/S) and strong profitability metrics (ROE, EBITDA, gross profit) but notes concerns about its lower revenue growth rate.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 3:00 pm

V

The article provides a comparative analysis of Visa (NYSE:V) against its key competitors in the Financial Services industry, focusing on key financial metrics, market position, and growth prospects. Visa shows potential for growth with a low PE ratio, high profitability, and operational efficiency, but its low revenue growth compared to industry peers may be a concern.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 3:00 pm

MKRUSD

Maker (CRYPTO: MKR) has seen an 11% price increase over the past 24 hours, reaching $2,637.01. The coin has also experienced an 11% gain over the past week. Trading volume has climbed 52% over the past week, with the circulating supply increasing by 0.51%. Maker's current market cap is $2.46 billion, ranking it #45.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 3:00 pm

COLD

KKR

XLRE

Lineage Inc., a Michigan-based logistics REIT specializing in temperature-controlled storage, has filed for an IPO seeking a $30 billion valuation. The company, which operates 482 warehouses, reported $5.3 billion in revenue and a net loss of $96.2 million in 2023. The IPO will be advised by KKR & Co. The Real Estate Select Sector SPDR Fund (XLRE) and Americold Realty Trust (COLD) are also mentioned in the context of the real estate market's performance.

Portfolio Pulse from Hayden Buckfire

June 27, 2024 | 2:43 pm