Streetbeat News

Revenues

AMC

DJT

GME

META

Trump Media & Technology Group Corp (NASDAQ:DJT) is trading higher after announcing it expects to receive over $69.4 million from the cash exercise of warrants in June 2024. The company could receive up to $247 million if all warrants are exercised. Despite a significant decline in market value, TMTG plans to use the funds for platform development and potential mergers and acquisitions.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 12:01 pm

GSK

PFE

GSK Plc has lost a contract to supply its RSV vaccine to the UK government, which has chosen Pfizer Inc.'s rival RSV shot instead. This is a significant setback for GSK.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:00 pm

Five analysts have recently provided ratings for MoneyLion (NYSE:ML), with all ratings being bullish. The average 12-month price target has increased to $100.8, up 10.47% from the previous $91.25. Analysts from Needham, Craig-Hallum, and Lake Street have maintained or raised their price targets, reflecting positive sentiment. MoneyLion has shown strong revenue growth but faces challenges in profitability and return on equity.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 12:00 pm

AMZN

BABA

BYDDF

NIO

TSLA

XIACF

Chinese automakers like BYD, Xiaomi, and Nio are using livestreaming to boost car sales, following a strategy similar to Tesla. This approach allows them to engage with younger consumers and showcase their vehicles' features in real-time, reducing traditional advertising costs.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 11:53 am

AMPS

Altus Power (NYSE:AMPS) has acquired an 8.5 MW solar project in New Jersey, expanding its portfolio in the state to 185.5 MW. The project will generate clean energy and Solar Renewable Energy Credits (SRECs) for PJM, the local independent system operator. The acquisition includes 63 acres of land, providing future redevelopment opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:48 am

BTCUSD

ETHUSD

GBTC

Bitcoin has dropped below $61,000, leading to $260 million in long positions being liquidated. Miners are under pressure to sell due to higher breakeven prices, and the German government has sold 3,000 BTC. Despite short-term volatility, QCP Capital is optimistic about a bullish turn towards the year-end. Ethereum shows strong bullish sentiment, partly due to expectations of an ETH spot ETF launch. Bitcoin spot ETFs have seen net outflows, but investor interest remains strong.

Portfolio Pulse from Murtuza Merchant

June 24, 2024 | 11:45 am

ARWR

Arrowhead Pharmaceuticals presented promising preclinical data on their investigational obesity treatment, ARO-INHBE, at the ADA conference. The data showed significant gene silencing and potential benefits in weight and fat reduction. Arrowhead plans to seek regulatory clearance for clinical trials in late 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:45 am

VKTX

Viking Therapeutics (NASDAQ:VKTX) presented preclinical data on its dual amylin and calcitonin receptor agonists (DACRAs) at the American Diabetes Association's 84th Scientific Sessions. The data showed significant reductions in body weight and improvements in metabolic markers in both lean rats and diet-induced obese mice, supporting the continued development of these compounds for obesity treatment.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:39 am

DCGO

DocGo Inc. (NASDAQ:DCGO) has secured five new contracts to provide various healthcare services, including remote patient monitoring, virtual care management, and chronic care management. These contracts expand DocGo's reach in delivering quality healthcare services.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:36 am

MNY

MoneyHero Group has reiterated its FY24 revenue guidance of $100M, reporting a 24% YoY revenue increase to $22.2M in Q1. The company attributes its growth to strategic initiatives and strong performance across core markets, despite seasonal challenges. Key growth drivers include insurance brokerage, strong partner relationships, and the Creatory platform. The company is investing in growth and market share expansion, with a focus on operational efficiencies and higher margin products.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:34 am