Streetbeat News

Revenues

OKLO

Oklo has announced an agreement to supply 100MW of nuclear power to Wyoming Hyperscale, a data center company. This deal marks a significant step for Oklo in the energy sector, particularly in providing sustainable energy solutions to data centers.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:37 pm

AAPL

AES

MRVL

SNX

Hedge funds adjusted their portfolios in Q1 2024, focusing on AI-related infrastructure stocks and cyclical sectors. Positions in several 'Magnificent Seven' tech stocks were trimmed, except for Apple. Marvell Technology, TD Synnex, and AES Corporation saw increased hedge fund interest.

Portfolio Pulse from Piero Cingari

May 24, 2024 | 4:20 pm

LLY

NVO

Eli Lilly's new investment is expected to produce drugs by 2028, but the launch of Tirzepatide in China is delayed until supply improves.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:07 pm

AMZN

Amazon has announced the grand opening of a new 2.8 million square foot robotics fulfillment center, YYC4, in Calgary, Alberta. The facility employs over 1,500 people.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:01 pm

APA

In the last three months, 21 analysts have published ratings on APA (NASDAQ:APA), showing a range of perspectives from bullish to bearish. The average 12-month price target is $40.95, reflecting a 2.22% increase from the previous average. Recent analyst actions include both raises and lowers in ratings and price targets, indicating mixed sentiments. APA faces challenges in revenue growth and net margin but shows strong return on equity.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 4:01 pm

SPGI

Over the past three months, 7 analysts have shared their insights on S&P Global (NYSE:SPGI), with ratings ranging from bullish to bearish. The average 12-month price target has increased by 1.4% to $479.0. Analysts have adjusted their ratings and price targets, reflecting their evolving perceptions of the company. S&P Global has shown a revenue growth rate of 10.47% but faces challenges with a net margin below industry averages.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 4:01 pm

KSA

SPY

USO

Saudi Arabia's Public Investment Fund (PIF) is considering a reorganization due to budget cuts and project delays. A PIF spokesman declined to comment.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:54 pm

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) leads the global chip market by revenue in Q1, while China's SMIC climbs to third place. TSMC holds 62% market share, followed by Samsung Foundry at 13%, and SMIC at 6%. SMIC's revenue increased by 19.7% YoY, driven by demand recovery in China. TSMC projects 10% annual growth in the semiconductor industry, excluding memory chips, and expects up to 30% Q2 sales growth.

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 3:43 pm

AAPL

REAL

RENT

RERE

ATRenew Inc. (NYSE:RERE) reported strong Q1 revenue growth, driven by China's national recycling campaign and strong ties with JD.com (NASDAQ:JD). Despite a 4.2% stock drop on the announcement day, ATRenew's stock has more than doubled since early February. The company benefits from JD.com's recycling initiatives and has seen increased consumer trade-ins. ATRenew's partnerships with JD.com and Apple (NASDAQ:AAPL) have bolstered its performance, with significant gains in its refurbishment business.

Portfolio Pulse from The Bamboo Works

May 24, 2024 | 3:28 pm

ROST

TGT

TJX

TJX Companies and Ross Stores have demonstrated strong financial performance in their latest quarterly results, despite a challenging economic environment. Both companies exceeded earnings estimates and raised their full-year guidance, contrasting with Target Corporation, which reported a decline in revenue and missed earnings estimates.

Portfolio Pulse from Upwallstreet

May 24, 2024 | 3:25 pm