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Revenues

STNG

Scorpio Tankers has sold five MR product tankers for a total of $142.5 million. This move is part of the company's strategy to optimize its fleet and improve liquidity.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:30 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has resumed hiring across various categories including energy storage, manufacturing, sales, customer support, and vehicle service, signaling a shift in its growth strategy. This comes after significant layoffs and a hiring freeze earlier in the year.

Portfolio Pulse from Anan Ashraf

June 11, 2024 | 10:25 am

YJ

Yunji reported a repeat purchase rate of 74.4% for the twelve months ending March 31, 2024. Total revenues for Q1 2024 were RMB127.9 million (US$17.7 million), down from RMB178.7 million in Q1 2023, due to soft consumer confidence and strategic product and supplier optimization.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:06 am

YJ

Yunji (NASDAQ:YJ) reported Q1 sales of $17.71 million, a 31.96% decrease from $26.03 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:01 am

SPY

The NFIB Small Business Optimism Index for May came in at 90.5, higher than the estimated 89.8. This indicates a positive sentiment among small businesses.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:00 am

FXI

TSLA

The China Passenger Car Association reported that Tesla exported 17,358 China-made vehicles in May.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:56 am

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) has signed a preliminary memorandum of terms with the Department of Commerce to receive up to $23.9M in funding under the CHIPS and Science Act. This funding will be used to expand and modernize Rocket Lab's semiconductor production facility in Albuquerque, New Mexico, creating over 100 manufacturing jobs.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:29 am

BABA

FXI

JD

KWEB

MCHI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) is prioritizing long-term growth over near-term profits, but faces challenges from fierce competition. The company's market share has dropped significantly, and analysts warn that the new strategy may pressure profitability. Despite this, some growth initiatives are showing early signs of success. ETFs like KraneShares CSI China Internet ETF (NYSE:KWEB), iShares MSCI China ETF (NASDAQ:MCHI), and iShares China Large-Cap ETF (NYSE:FXI) offer exposure to China's internet sector and large-cap companies.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 9:14 am

ZK

ZEEKR Intelligent Tech reported a significant increase in vehicle deliveries for Q1 2024, with 33,059 units delivered, marking a 117% year-over-year growth compared to 15,234 units in Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:09 am

ZK

ZEEKR Intelligent Tech (NYSE:ZK) reported a Q1 2024 adjusted EPS of $(0.14), significantly beating the analyst estimate of $(1.62). The company also reported sales of $2.041 billion, surpassing the estimate of $1.677 billion.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:07 am