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EWQ

The France Services Purchasing Managers Index (PMI) for May came in at 49.4, below the estimated 51.8 and the prior 51.3, indicating a contraction in the services sector.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:19 am

BJ

MDT

ROST

TGT

TJX

WSM

Investor sentiment declined further after the release of Fed minutes, causing the Dow to tumble 200 points. Despite this, the CNN Money Fear and Greed index remained in the 'Greed' zone. Key earnings reports included better-than-expected results from TJX Companies and Williams-Sonoma, while Target reported weaker-than-expected earnings. Most sectors on the S&P 500 closed negatively, with utilities, energy, and materials stocks suffering the most. Investors are now awaiting earnings results from Medtronic, Ross Stores, and BJ’s Wholesale Club.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 6:16 am

CALT

Calliditas Therapeutics (NASDAQ:CALT) reported a Q1 EPS of $(0.88), a significant decrease from $(0.33) YoY, but saw a 55.21% increase in sales to $28.43M.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:06 am

FLNG

Flex LNG has provided its Q2 financial expectations, forecasting a Time Charter Equivalent (TCE) rate of approximately $72,000 to $74,000 per day and revenue of around $85 million, slightly below the consensus of $85.5 million. The company also anticipates an adjusted EBITDA of $65 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:24 am

META

SHOP

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg has formed a new advisory council to guide the company's AI and technological advancements. The Meta Advisory Group includes executives from Stripe, Shopify, and former GitHub and Microsoft executives. The group will meet periodically to offer insights and recommendations.

Portfolio Pulse from Ananya Gairola

May 23, 2024 | 5:22 am

SPY

A new Harris Poll commissioned by the Guardian reveals that a majority of Americans believe the U.S. economy is in a recession, despite data showing positive growth and low unemployment rates. The poll highlights a significant gap between economic data and public perception, with many blaming President Joe Biden for economic woes. The SPDR S&P 500 ETF Trust (SPY) fell 0.29% on Wednesday but has gained 47% since Biden's inauguration.

Portfolio Pulse from Shanthi Rexaline

May 23, 2024 | 5:19 am

FLNG

Flex LNG (NYSE:FLNG) reported Q1 2024 earnings of $0.70 per share, beating the analyst estimate of $0.58. Sales were $90.200 million, slightly above the $90.000 million estimate. Earnings increased by 6.06% year-over-year, while sales decreased by 2.46%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:15 am

LNVGF

LNVGY

Lenovo Group reported a significant increase in its Q4 earnings per share (EPS) to $1.95, up from $0.93 year-over-year (YoY). The company's revenue also saw a rise to $13.833 billion, up from $12.635 billion YoY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:12 am

SQM

Sociedad Quimica Y Minera (NYSE:SQM) reported Q1 2024 earnings per share of $0.80, beating the analyst estimate of $0.73. However, the company's sales of $1.084 billion missed the estimate of $1.130 billion and showed a significant year-over-year decline of 52.12%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:09 am

API

Agora (NASDAQ:API) reported Q1 sales of $33.021 million, a 9.39% decrease from $36.443 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 10:03 pm