Streetbeat News

Revenues

GRUSF

Grown Rogue International Inc. (OTC:GRUSF) reported record Q1 2024 revenue of $6.7 million, an 11% increase year-over-year. The company highlighted Michigan and Oregon as key markets and emphasized expansion efforts in New Jersey and Illinois as primary growth drivers for 2024 and 2025.

Portfolio Pulse from Jelena Martinovic

May 30, 2024 | 2:09 pm

AAL

DAL

UAL

American Airlines CEO Robert Isom admitted that a recent strategy to cut sales staff and remove some fares from corporate booking channels backfired, leading to a loss of valuable corporate clients and a significant drop in revenue. The company is now reversing these changes and has enlisted Bain & Co. to reassess its approach. Shares of American Airlines fell 13.5% following the announcement, while Delta and United Airlines reported a 14% increase in corporate travel revenue.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 2:02 pm

CNC

In the last three months, 11 analysts have published ratings on Centene (NYSE:CNC), with the majority being somewhat bullish. The average 12-month price target is $92.36, slightly down from the previous $93.62. Analysts have varied in their actions, with some raising and others lowering their price targets. Centene has shown solid revenue growth and strong profitability metrics but faces challenges with its high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 2:00 pm

Chubb (NYSE:CB) has outperformed the market over the past 15 years with an average annual return of 13.14%, resulting in a $100 investment growing to $631.64. The company currently has a market capitalization of $106.57 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 2:00 pm

GME

GameStop (NYSE:GME) has outperformed the market over the past 20 years with an average annual return of 12.27%, surpassing the market by 4.38% annually. A $100 investment in GME 20 years ago would be worth $1,011.66 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 2:00 pm

SPY

The USA Pending Home Sales Index for April dropped to 72.3 from 78.2 in the previous month, indicating a slowdown in the housing market.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:00 pm

SPY

USA Pending Home Sales for April decreased by 7.7% compared to an estimated decrease of 1.1% and a prior increase of 3.6%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:00 pm

STSS

Sharps Technology Inc (NASDAQ:STSS) shares surged by 39.8% to $0.63 after signing a 5-year $200 million syringe sales agreement with Nephron Pharmaceuticals. The deal complements Sharps Technology's acquisition of InjectEZ specialty syringe manufacturing assets, making it North America's only dedicated COC prefillable syringe manufacturing plant. Product delivery is expected to start in late Q2 2025, with anticipated revenue of $37 million in the first year.

Portfolio Pulse from Henry Khederian

May 30, 2024 | 1:54 pm

AMLP

ICLN

PAVE

PBW

QCLN

VDE

VPU

XLE

XLU

The 2024 U.S. Presidential election could significantly impact the energy sector, with different outcomes for clean and traditional energy depending on whether Joe Biden or Donald Trump wins. A Biden presidency with a split Congress is seen as low risk for clean energy, while a Trump presidency with a Republican Congress poses the highest risk. Investors in various energy ETFs should consider these potential shifts.

Portfolio Pulse from Surbhi Jain

May 30, 2024 | 1:53 pm

LLY

Goldman Sachs has updated its market model for obesity therapeutics, forecasting total worldwide sales to reach $130 billion by 2030, up from a previous estimate of $100 billion. For Eli Lilly (LLY), the revenue forecast for its AOM portfolio has been increased for 2024, 2027, and 2030, with a new price target of $785, up from $740.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:47 pm