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Revenues

INOD

Innodata shares are trading higher after the company announced new contracts valued at around $44 million from 'Magnificent Seven' Big Tech customers.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:41 pm

HCSG

Healthcare Services Group, Inc. (NASDAQ:HCSG) announced a Q2 non-cash charge of ~$0.20 per share due to LaVie Care Centers' Chapter 11 bankruptcy filing. HCSG expects no disruption in postpetition payments and maintains its Q2 and 2024 adjusted cash flow expectations.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:37 pm

FCEL

FuelCell Energy, Inc. (NASDAQ:FCEL) shares are trading higher, up more than 12% over the past five days. The company announced a significant agreement with Gyeonggi Green Energy Co., Ltd. to supply 42 upgraded fuel cell modules and a seven-year service agreement, expected to generate $160 million in revenue. Additionally, 22.63% of available shares are being sold short, which can lead to large price movements. FuelCell Energy is set to report its second-quarter financial results on June 10, with analysts expecting losses of 8 cents per share and quarterly revenue of $21.351 million. The stock has an average 1-year price target of $1.75, indicating a potential upside of 79.4%.

Portfolio Pulse from Erica Kollmann

June 03, 2024 | 4:31 pm

PHM

PulteGroup (NYSE:PHM) has significantly outperformed the market over the past 5 years, delivering an average annual return of 28.71%. A $100 investment in PHM 5 years ago would now be worth $363.72, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 4:30 pm

AXP

American Express (NYSE:AXP) has outperformed the market over the past 15 years, delivering an average annual return of 15.54%. A $100 investment in AXP 15 years ago would be worth $916.10 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 4:30 pm

ERJ

Mexicana de Aviación has ordered 20 Embraer E2 aircraft, including 10 E190-E2 and 10 E195-E2 jets, with deliveries starting in Q2 2025. This deal marks Mexicana as the first E2 operator in Mexico, emphasizing the aircraft's low operating costs and fuel efficiency.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:20 pm

BK

C

GS

JPM

KBE

KBWB

TFC

USB

WFC

Large bank stocks, including Goldman Sachs, JPMorgan, and Wells Fargo, have surged due to optimism for an economic 'soft landing.' The Invesco KBW Bank ETF and SPDR S&P Bank ETF have also seen significant gains. Bank of America has issued a positive outlook for the banking sector, highlighting the potential impact of the 2024 U.S. Election and changes in Basel III regulations. Despite recent declines in stock prices, BofA maintains Buy ratings for several major financial institutions.

Portfolio Pulse from Hayden Buckfire

June 03, 2024 | 4:18 pm

AMC

GME

KOSS

Roaring Kitty's return has sparked a significant rally in meme stocks, particularly AMC Entertainment Holdings and GameStop. AMC surged 25.6% in pre-market trading and saw a near 80% increase following Keith Gill's disclosure of a substantial position in GameStop. Despite the initial surge, AMC's share price has settled at $4.92, with mixed technical indicators suggesting both short-term bullishness and long-term challenges. The company's future performance will be closely watched as it navigates renewed attention and operational challenges.

Portfolio Pulse from Surbhi Jain

June 03, 2024 | 4:04 pm

BDX

EW

Becton, Dickinson And Company (BD) is acquiring Edwards Lifesciences' Critical Care product group for $4.2 billion in cash. The acquisition is expected to enhance BD's portfolio and be immediately accretive to key financial measures. BD shares rose by 2.95% following the announcement.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 4:02 pm

ETN

Eaton Corp (NYSE:ETN) has significantly outperformed the market over the past 15 years, delivering an average annual return of 18.75%. A $1000 investment in ETN 15 years ago would be worth $13,251.64 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 4:00 pm