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BYDDF

BYDDY

BYD Co., Ltd. has opened its first showroom in Saudi Arabia, marking a significant step in its global expansion. The showroom, located in Riyadh, offers five models for test drives and is part of a broader strategy to capture 30% of Riyadh's automotive market with NEVs by 2030.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 3:58 pm

CSE:RWB

Canadian cannabis company Red White & Bloom Brands Inc. (CSE:RWB) reported a 15% year-over-year drop in Q1 revenue, wrapping up its acquisition of Aleafia Health Inc. The acquisition expands RWB's sales channels across Canada and internationally. Despite the revenue drop, the company narrowed its net loss from CA$6.5 million to CA$3.7 million.

Portfolio Pulse from Jelena Martinovic

May 31, 2024 | 3:56 pm

IBTA

WMT

Ibotta CEO Bryan Leach discussed the company's earnings, consumer spending trends, and a partnership with Walmart on CNBC.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:36 pm

CNPOF

CNTMF

Cansortium Inc. (OTCQB:CNTMF) reported a 14% increase in Q1 revenue driven by Florida cannabis sales and a reduced net loss year-over-year. The company is set to merge with RIV Capital Inc. (OTC:CNPOF), expanding its operations to cover 25% of the U.S. population.

Portfolio Pulse from Jelena Martinovic

May 31, 2024 | 3:34 pm

CNPOF

RIV Capital Inc. reported a year-over-year increase in Q1 revenue and gross profit, ahead of its merger with Cansortium Inc. The combined company will operate in four states, covering 25% of the U.S. population. Despite the revenue growth, the company reported an operating loss and a net loss for the quarter.

Portfolio Pulse from Jelena Martinovic

May 31, 2024 | 3:30 pm

UAL

United Airlines Holdings (NASDAQ:UAL) has outperformed the market over the past 15 years with an average annual return of 17.5%, resulting in a significant growth in investment value. A $100 investment 15 years ago would be worth $1,036.31 today.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:30 pm

NRG

NRG Energy (NYSE:NRG) has outperformed the market over the past 5 years, delivering an average annual return of 17.77%. An initial $100 investment in NRG 5 years ago would be worth $230.50 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:30 pm

SPY

TLT

The Personal Consumption Expenditure (PCE) price index, a key inflation gauge for the Federal Reserve, remained steady in April, aligning with expectations. This has led to mixed reactions among economists regarding potential rate cuts. Treasury yields fell, boosting bond assets like the iShares 20+ Year Treasury Bond ETF (TLT), while stocks, including the SPDR S&P 500 ETF Trust (SPY), weakened.

Portfolio Pulse from Piero Cingari

May 31, 2024 | 3:05 pm

PEPEUSD

Pepe (CRYPTO: PEPE) has seen a 7.86% price increase in the past 24 hours, continuing a positive trend with a 9.0% gain over the past week. Despite the price rise, trading volume has decreased by 43.0%, and the circulating supply has increased slightly by 0.47%. Pepe's market cap is currently ranked #22 at $6.42 billion.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:01 pm

UBER

The article provides a comprehensive analysis of Uber Technologies (NYSE:UBER) compared to its competitors in the Ground Transportation industry. It highlights Uber's high valuation metrics (P/E, P/B, P/S ratios) and strong operational performance (high ROE, gross profit, and revenue growth) despite lower EBITDA.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:00 pm