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Revenues

HSDT

Helius Medical Technologies announced that its Portable Neuromodulation Stimulator (PoNS) device will now be covered by third-party reimbursement. This development is expected to improve patient access to the device and potentially increase sales.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:13 pm

CORT

Corcept Therapeutics (NASDAQ:CORT) has received 4 bullish analyst ratings over the past three months. Analysts have set a 12-month price target range of $38.00 to $44.00, with an average target of $40.5. The company's recent financial performance includes a 38.95% revenue growth rate and an 18.74% net margin, although its ROE is below industry averages.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 1:00 pm

ARKK

BTCUSD

Cathie Wood, CEO of ARK Invest, believes El Salvador's GDP could grow 10-fold in five years due to its embrace of Bitcoin and AI under President Nayib Bukele. Despite challenges in local Bitcoin adoption, major retailers are leading a resurgence. Key figures discussed integrating Bitcoin into capital markets and potential tax reforms.

Portfolio Pulse from Murtuza Merchant

May 29, 2024 | 1:00 pm

RIVN

TSLA

VWAGY

Volkswagen plans to introduce affordable electric cars priced at 20,000 euros in Europe by 2027. The company aims to make electromobility widespread with entry-level vehicles, despite challenges like rising energy and raw material costs. Volkswagen is also focusing on high localization to reduce emissions.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 12:59 pm

DASH

DLVHF

DROOF

JTKWY

Top food delivery companies like DoorDash, Deliveroo, Just Eat Takeaway, and Delivery Hero have reported over $20 billion in operating losses since going public. These companies are facing a challenging economic environment, leading to a decline in their stock prices. They are now exploring new revenue streams and experiencing industry consolidation.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 12:59 pm

CELH

Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower after BofA adjusted its price target following a 12.8% drop due to weak Nielsen data. The data indicated a slowdown in sales growth and a decline in market share. Despite near-term challenges, Morgan Stanley sees long-term potential for the company.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 12:49 pm

KGRN

NIO

PGJ

NIO Inc. (NYSE:NIO) shares are trading lower in the premarket session on Wednesday, having lost over 30% in the past six months. BofA Securities analyst Ming Hsun Lee maintained a Neutral rating on NIO and lowered the price target from $6.5 to $5.9. NIO is expanding in Europe with a new NIO House in the Netherlands. China is allocating around RMB6 billion yuan ($830 million) for R&D in all-solid-state batteries, with NIO being a notable player in this space. NIO's 150-kWh semi-solid-state battery, introduced in 2021, is currently in trial operations.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 12:48 pm

BHAT

Blue Hat Interactive Entertainment Technology (BHAT) announced plans to build an intelligent gold trading platform. This move aims to diversify its business operations and tap into the lucrative gold trading market.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:45 pm

AAPL

FTEC

VGT

Apple Inc (NASDAQ:AAPL) will open its first retail store in Malaysia on June 22, expanding its presence in Southeast Asia. This move aims to boost sales and operations outside of China. Apple has been increasing its production and sales in Malaysia, and the new store has been under construction for several years. The company has also been consolidating its relationship with China while expanding in Southeast Asia and India. Apple stock has gained over 7% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 12:40 pm

BKTI

The California Department of Forestry and Fire Protection has purchased BKR 5000 portable radios for $9.1 million from BK Technologies.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:36 pm