Streetbeat News

Revenues

NVDA

Stephanie Link, chief investment strategist at Hightower Advisors, discussed her investment strategy focusing on India's economic growth and the potential of AI at the Benzinga virtual event. She highlighted Nvidia's impressive performance and the importance of cybersecurity in the AI landscape.

Portfolio Pulse from Abbey Higginbotham

May 30, 2024 | 4:40 pm

AMSC

American Superconductor Corporation (NASDAQ:AMSC) shares surged after the company reported strong Q4 results, beating analyst estimates on both earnings and revenue. The company posted earnings of 5 cents per share against an expected loss of 2 cents and reported sales of $42.03 million, a 32.4% increase year-over-year. AMSC also provided an optimistic outlook for the first quarter and fiscal year 2024.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 4:36 pm

DE

Deere (NYSE:DE) has outperformed the market over the past 5 years with an average annual return of 20.22%, significantly boosting investor returns. A $1000 investment in DE stock 5 years ago would now be worth $2,552.17.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 4:30 pm

TT

Trane Technologies (NYSE:TT) has significantly outperformed the market over the past 10 years, delivering an average annual return of 21.43%. A $100 investment in TT stock 10 years ago would now be worth $706.43, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 4:30 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher after reporting improved fourth-quarter financial results. The company saw a 4% increase in Canada cannabis segment revenue and a 32% increase in international cannabis markets revenue. Cash outflow from operations improved by 77%, and operating loss from continuing operations improved by 80%. The stock is trading above its 50-day moving average, indicating a bullish trend.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 4:29 pm

SPTN

SpartanNash Company (NASDAQ:SPTN) reported mixed Q1 FY24 results, with a revenue decline of 3.5% Y/Y to $2.81 billion, missing estimates. Adjusted EPS of $0.53 beat expectations, but the company lowered its FY24 sales forecast. Shares are down 3.40%.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 4:23 pm

BTCUSD

ETHUSD

Babylon, a crypto startup, has raised $70 million in a funding round led by Paradigm, with investments from Polychain and Bullish Capital. The funds will be used to expand staff and further research and development. This investment highlights a renewed interest in Bitcoin-focused projects, particularly in enabling Bitcoin to be used as a staking asset to secure other blockchains.

Portfolio Pulse from Murtuza Merchant

May 30, 2024 | 4:10 pm

COP

A Trinidad High Court judge has ruled that ConocoPhillips can seek compensation from any proceeds from joint gas projects. PDVSA has been given 7 days to challenge this decision.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:10 pm

COP

A court in Trinidad and Tobago has recognized ConocoPhillips' $1.33 billion claim against Venezuela's PDVSA and has given the green light for enforcement. ConocoPhillips aims to attach any proceeds or investment reimbursements from joint gas developments between Venezuela and Trinidad.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:09 pm

AEO

ANF

GPS

Abercrombie & Fitch (NYSE:ANF) reported a stellar fiscal first quarter with a 22% YoY sales increase and a sevenfold rise in net income. Shares initially rose 25% but fell the next day. The company raised its full-year sales growth outlook to 10%. American Eagle Outfitters (NYSE:AEO) also reported positive results with a 6% revenue increase and maintained its guidance. The Gap Inc (NYSE:GPS) is set to announce its results soon.

Portfolio Pulse from Upwallstreet

May 30, 2024 | 4:08 pm