Streetbeat News

Revenues

SPY

USA New Home Sales for April decreased by 4.7% compared to a 5.4% increase in the previous month.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:00 pm

SPY

USA new home sales for April came in at 634K, below the estimated 677K and the prior month's 665K.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:00 pm

TITN

Titan Machinery Inc (NASDAQ:TITN) shares dropped after missing Q1 fiscal 2025 earnings targets. The company reported revenue growth of 10.4% year-over-year to $628.703 million, missing the consensus of $661.73 million. EPS was $0.41, below the expected $0.61. Inventory issues and softening demand impacted margins. The company lowered its full-year EPS outlook to $2.25-$2.75 from $3.00-$3.50.

Portfolio Pulse from Akanksha Bakshi

May 23, 2024 | 1:52 pm

AAPL

AMZN

GOOGL

META

MSFT

NVDA

Nvidia Corp. (NASDAQ:NVDA) is experiencing exceptional growth, but faces potential challenges from rivals and market dynamics in the AI sector. Despite record-breaking sales and stock performance, competitors like Microsoft, Google, Meta, Amazon, and Apple are developing their own AI chips, which could impact Nvidia's market dominance.

Portfolio Pulse from Rounak Jain

May 23, 2024 | 1:51 pm

SPY

The S&P Global US Manufacturing PMI for May came in at 50.9, surpassing the estimated 50.0 and the prior 50.0. This indicates a slight expansion in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:45 pm

SPY

The S&P Global Services PMI for May came in at 54.8, significantly higher than the estimated 51.2, indicating strong growth in the services sector.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:45 pm

RL

Ralph Lauren's executive announced that the company's business in China has more than doubled compared to pre-pandemic levels, now accounting for 7% of total company sales.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:35 pm

APD

Air Products has announced a $70 million investment to expand its manufacturing and logistics center in Maryland Heights. This expansion aims to enhance the company's production capabilities and improve logistics efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:32 pm

NGG

National Grid Transco expects an EPS CAGR of 6%-8% from the 2024/25 baseline through 2028/29, assuming an exchange rate of £1:$1.25.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:31 pm

EPOW

Sunrise New Energy (NASDAQ:EPOW) reported a quarterly loss of $(1.08) per share, a 10.2% increase in losses compared to $(0.98) per share from the same period last year. However, the company saw an 18.16% increase in sales, reporting $45.05 million compared to $38.13 million last year.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:30 pm