Streetbeat News

Revenues

USEA

United Maritime (NASDAQ:USEA) reported a significant improvement in its Q1 financial results, with a 72.92% reduction in losses per share and a 275.68% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:02 pm

ATRO

Astronics Corporation (NASDAQ:ATRO) has secured contracts worth up to $75 million for its Dual-Modem Modem Manager (ModMan) units, which will enhance inflight entertainment and connectivity. The contracts span 3 to 5 years, with purchase orders expected throughout the duration.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:01 pm

LECO

Over the past three months, five analysts have evaluated Lincoln Electric Holdings (NASDAQ:LECO), with most ratings being somewhat bullish. The average 12-month price target has decreased from $253.80 to $241.4. Analysts have recently lowered their price targets, reflecting a cautious outlook. Lincoln Electric faces challenges in revenue growth and net margin but shows strong ROE and ROA. The company's debt-to-equity ratio is higher than the industry average, indicating higher financial risk.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 1:00 pm

JHX

OI

TG

The article highlights three oversold stocks in the materials sector: James Hardie Industries (JHX), O-I Glass (OI), and Tredegar Corporation (TG). These stocks have RSI values near or below 30, indicating potential undervaluation and a buying opportunity.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 12:45 pm

LILM

Lilium has priced a $114 million financing, including a $40 million public offering and a $50 million private placement. The financing involves the issuance of shares and warrants, with significant participation from BIT Capital, Earlybird Venture Capital, Aceville Pte. Limited (an affiliate of Tencent Holdings Limited), and certain Lilium board members.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:39 pm

SPY

USA Core Durable Goods Orders for April increased by 0.4%, surpassing the estimated 0.1% and the prior 0.2%.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:30 pm

SPY

Durable Goods Orders for April increased by 0.7%, surpassing the estimated decline of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:30 pm

AMAT

BULD

FTXL

TSM

Applied Materials Inc (NASDAQ:AMAT) is under scrutiny for potential violations of export restrictions to China, receiving subpoenas from the U.S. Department of Commerce, SEC, and U.S. Attorney’s Office. The company is under criminal investigation for allegedly shipping equipment to China's SMIC without export licenses. Despite these issues, AMAT's second-quarter revenue beat analyst expectations, and the stock has gained over 79% in the last 12 months. Investors can gain exposure to AMAT through ETFs like First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) and Pacer BlueStar Engineering The Future ETF (NASDAQ:BULD).

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 12:29 pm

PLCE

The Children's Place (PLCE) issued a Chairman's letter to shareholders, addressing the company's strategic initiatives and future outlook.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:17 pm

ABVC

ABVC Biopharma and Biolite have entered into a definitive agreement with Oncox Biopharma to collaborate on a combination therapy. ABVC and its unit are eligible to receive an aggregate license fee of $12.5 million in cash or shares of Oncox securities. Under the terms of the deal, ABVC grants Oncox exclusive rights to one of ABVC's four products in its oncology pipeline.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:17 pm