Streetbeat News

Revenues

LKNCY

SBUX

Starbucks Corp's (NASDAQ:SBUX) recent discounting strategies in China have raised concerns among investors about its long-term strategy and market position. Facing stiff competition from local brands like Luckin Coffee Inc (OTCPK: LKNCY) and Manner Coffee, Starbucks has reluctantly entered a price war. The Chinese market's deflationary environment and weak consumer sentiment add complexity to Starbucks's challenges, risking brand dilution and profit margin erosion.

Portfolio Pulse from Surbhi Jain

May 28, 2024 | 1:48 pm

GME

The U.S. financial markets will transition from a T+2 to a T+1 settlement cycle on May 28, 2024. This change aims to reduce counterparty risk and improve liquidity but will require significant operational and technological adjustments. The shift was partly motivated by issues highlighted during the 2021 meme stock frenzy involving GameStop (NYSE:GME).

Portfolio Pulse from Piero Cingari

May 28, 2024 | 1:45 pm

BTCUSD

GME

NFLX

SPY

TSLA

The article covers a range of topics including a prediction that Bitcoin will surge past $110K in Q3 despite recession fears, GameStop shares trading higher by around 18%, and Netflix expected to rally over 8%. It also discusses potential geopolitical impacts of a second Trump term on US-China relations, and various developments in the tech and electric vehicle sectors.

Portfolio Pulse from Akanksha Bakshi

May 28, 2024 | 1:27 pm

So-Young International Inc (NASDAQ:SY) reported better-than-expected fiscal first-quarter results, with revenue of $44.1 million, beating the analyst consensus estimate of $42.2 million. The company's stock soared 7.69% in premarket trading. Despite a 52% plunge in the last 12 months, the company saw a 23.3% increase in sales of medical products and maintenance services. However, there were declines in information services and reservation services revenues. The company expects second-quarter revenue to be between $52.6 million and $55.4 million.

Portfolio Pulse from Anusuya Lahiri

May 28, 2024 | 1:24 pm

CISS

C3is reported Q1 2024 earnings per share (EPS) of $1.11, a significant decrease from $10.06 year-over-year (YoY). However, the company's revenue increased to $12.792 million from $3.151 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:22 pm

CPB

Campbell Soup Company announced a $230 million investment in network-wide projects to enhance manufacturing capabilities and leverage leading co-manufacturing partners.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:16 pm

ARAFF

GEV

GE Vernova has facilitated $300 million in debt financing from Export Development Canada for Arafura Resources' Nolans rare earths project. This funding is crucial for the global supply chain of rare earth materials used in advanced technologies. The project has also received financial backing from the Australian government and other international entities.

Portfolio Pulse from Stjepan Kalinic

May 28, 2024 | 1:12 pm

FEAM

5E Advanced Materials, Inc. (NASDAQ: FEAM) has announced an agreement to sell $6 million in additional convertible notes to Bluescape Energy Partners and Ascend Global Investment Fund SPC. The notes, convertible into common stock at $1.53 per share, will mature in August 2028 and pay interest in-kind at 10%. This capital will support the company's operational processes and commercial arrangements.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:08 pm

EADSY

MOB

Mobilicom Limited (NASDAQ:MOB) shares are trading higher in the premarket session after announcing a third consecutive commercial-scale order from the U.S. Defense Industry. The order includes Mobilicom's SkyHopper PRO system integrated into drones for the U.S. Department of Defense. Additionally, Mobilicom recently completed a successful flight proof-of-concept with Airbus for high-speed jet UAV-to-ground live streaming.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 1:05 pm

AAPL

IXN

IYW

Apple Inc's (NASDAQ:AAPL) iPhone sales in China surged by 52% year-on-year in April, leading to a rise in its stock price. This growth follows a challenging start to the year and is attributed to price discounts and efforts to strengthen ties with China. Investors can also gain exposure to Apple through IShares Global Tech ETF (NYSE:IXN) and IShares U.S. Technology ETF (NYSE:IYW).

Portfolio Pulse from Anusuya Lahiri

May 28, 2024 | 1:03 pm