Streetbeat News

Revenues

VRME

VerifyMe shares are trading lower after the company updated its FY24 revenue growth rate to mid-single digits instead of double digits and expects its FY24 gross margin percentage to be reduced.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:33 pm

SCVL

Shoe Carnival (NASDAQ: SCVL) shares rose by 5.5% after the company reported strong Q1 earnings. Net sales increased by 6.8% year over year to $300.4 million, beating expectations. The company also saw improvements in gross profit margin and operating income. Shoe Carnival reiterated its FY24 adjusted EPS outlook and plans to expand its store count to over 500 by 2028.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 4:27 pm

CYTO

Altamira Therapeutics Ltd. (NASDAQ:CYTO) shares surged by 27.3% after the company announced positive results from its NASAR clinical trial for Bentrio nasal spray. The trial, which involved 100 patients, showed significant efficacy in reducing nasal symptoms. The results were shared on social media by the allergology journal 'Allergy,' leading to heavy trading volume.

Portfolio Pulse from Erica Kollmann

May 23, 2024 | 4:20 pm

AAPL

XIACY

Xiaomi Corp reported a 27% increase in Q1 revenue, driven by a 33.7% rise in global smartphone shipments. Despite a decline in operating profit, the company is diversifying into the EV market with ambitious goals for its SU7 model. Xiaomi's global smartphone shipments are narrowing the gap with Samsung and Apple.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 4:11 pm

AMD

ARM

KLAC

LRCX

WDC

JPMorgan's 52nd annual Global Technology, Media, and Communications Conference highlighted an optimistic outlook for the semiconductor industry, driven by cyclical improvements and AI demand. Companies like AMD, Micron, and Arm are expected to benefit from this upcycle, with strong demand for AI infrastructure and memory products.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 4:09 pm

BCYC

BNZI

CYTK

ELF

ONMD

TGI

U.S. stocks traded mixed with the Dow Jones falling over 250 points, while the NASDAQ and S&P 500 rose. Key sectors showed varied performance, with IT shares rising and real estate shares falling. Notable stock movements included significant gains for OneMedNet Corporation, Bicycle Therapeutics, and e.l.f. Beauty, while Banzai International, Cytokinetics, and Triumph Group saw declines. The S&P Global composite PMI surged in May, indicating economic growth.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 4:01 pm

FBK

In the last three months, 4 analysts have published ratings on FB Financial (NYSE:FBK), with a mix of bullish and bearish perspectives. The average 12-month price target is $41.75, up from $40.00. Analysts have raised or maintained their ratings, reflecting their response to recent developments. Despite a decline in revenue and below-average ROE and ROA, FB Financial has a strong net margin and prudent debt management.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 4:01 pm

AMZN

WBD

Warner Bros. Discovery is considering matching an NBA rights package that is currently slated for Amazon. This move could put Warner Bros. Discovery in direct competition with Amazon for NBA broadcasting rights.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:56 pm

ENS

EnerSys shares are trading higher after the company reported better-than-expected Q4 sales results and FY25 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:56 pm

MPW

Medical Properties Trust (MPW) is nearing an agreement with financial institutions for an $800 million refinancing deal. This deal covers 27 UK hospitals operated by Circle Health on long-term leases.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:56 pm