Streetbeat News

Revenues

CURLF

GTBIF

JUSHF

MSOS

Jushi Holdings Inc. (OTC:JUSHF) is poised for substantial growth with potential adult-use cannabis legalization in Ohio and Pennsylvania, and continuous expansion in Virginia’s medical market. Rescheduling of cannabis could provide $514 million in tax breaks, nearly quadrupling the company's market cap. Despite a slight decline in Q1 2024 sales, the company shows positive cash flow and improved margins.

Portfolio Pulse from Nicolás Jose Rodriguez

May 22, 2024 | 7:27 pm

LULU

TGT

Target Corp. (NYSE:TGT) reported a disappointing first-quarter performance, citing inflation in food and household essentials as a major factor. Net sales decreased by 3.1% year-over-year to $24.5 billion, and EPS dropped by 1% to $2.03, missing the estimated $2.05. Gross profit margin was slightly better than expected at 27.7%. Shares dropped by 7% in premarket trading. Lululemon (NYSE:LULU) also faced similar inflationary pressures affecting consumer spending.

Portfolio Pulse from Aaron Bry

May 22, 2024 | 7:18 pm

BNO

USO

Oil prices are trading lower due to an increase in US crude inventories.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:11 pm

KEX

Kirby (NYSE:KEX) has outperformed the market over the past 20 years with an average annual return of 9.99%, resulting in a $100 investment growing to $690.90. The company currently has a market capitalization of $7.10 billion.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 7:02 pm

CRM

Salesforce (NYSE:CRM) has significantly outperformed the market over the past 10 years, delivering an average annual return of 17.95%. A $1000 investment in CRM 10 years ago would be worth $5,209.53 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 7:02 pm

AAPL

JD

RERE

ATRenew Inc (NYSE:RERE) reported a revenue beat for Q1, with total net revenue of $505.7 million, representing a 27.1% year-over-year growth. Despite this, shares declined by 3.41% to $2.55. The company is expanding its multi-category recycling business and leveraging trade-in policies to secure high-quality supplies. Analysts are mostly bullish with an average target price of $3.15.

Portfolio Pulse from Priya Nigam

May 22, 2024 | 6:53 pm

AROC

BKR

CCJ

CNQ

EC

EURN

FTI

HAL

KOS

NOV

PNRG

PR

PTEN

RIG

SLB

TDW

TGS

TRGP

VIST

WDS

WFRD

YPF

Shares of oil and gas stocks are trading lower due to a drop in crude oil prices.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:43 pm

BNTX

MRNA

NVAX

PFE

Experts predict a small rise in COVID-19 cases due to the new KP.2 variant, leading to a surge in vaccine stocks. BioNTech, Novavax, Moderna, and Pfizer shares are trading higher as a result.

Portfolio Pulse from Erica Kollmann

May 22, 2024 | 6:43 pm

MSFT

SONY

Sony Group Corp. (NYSE:SONY) is entering the mobile gaming market by developing a PlayStation mobile platform, similar to Microsoft's (NASDAQ:MSFT) recent announcement of a mobile games store. Sony is investing in mobile gaming, including acquiring studios and hiring for a mobile platform architect role.

Portfolio Pulse from Franca Quarneti

May 22, 2024 | 6:39 pm

BIDU

Baidu (NASDAQ:BIDU) has outperformed the market over the past 15 years with an average annual return of 14.81%, resulting in a $100 investment growing to $816.58. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 6:31 pm