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META

Reddit CEO Steve Huffman shared strategic updates at the JPMorgan TMC Conference, highlighting Reddit's growth in data licensing, ad tech, user growth, and platform quality. Key initiatives include partnerships with OpenAI, improvements in ad tech, and enhancements in search capabilities.

Portfolio Pulse from Surbhi Jain

May 22, 2024 | 1:38 pm

WSM

Williams-Sonoma, Inc (NYSE:WSM) shares surged after reporting first-quarter FY24 earnings that beat analyst expectations. Despite a 5% year-on-year sales decline, the company posted an adjusted EPS of $4.07, surpassing the consensus estimate of $2.70. Gross margin expanded significantly, and operating income saw a substantial increase. The company reiterated its annual net revenue growth guidance.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 1:36 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) has denied concerns about an unexpected buildup of Foundation Series Cybertruck inventories, stating that they are actively building the series. Despite reports of rising inventories and full lots in some locations, Tesla maintains that production and customer interest remain robust. This situation has raised questions about Tesla's pricing strategy and market positioning for the Cybertruck.

Portfolio Pulse from Benzinga EV Insights

May 22, 2024 | 1:24 pm

HOV

Hovnanian Enterprises reported Q2 2024 EPS of $6.66, up from $4.47 year-over-year, and revenue of $708.4 million, up from $703.7 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 1:20 pm

GDS

GDS Holdings Ltd (NASDAQ:GDS) reported mixed Q1 fiscal 2024 results with a 9.1% increase in net revenue to $363.89 million, missing the consensus of $374.55 million. Loss per ADS of $0.27 beat the consensus loss of $0.29. Adjusted gross profit increased by 8.6% year-over-year to $189.5 million, while the adjusted EBITDA rose 4.7% to $163.9 million. The company reaffirmed its 2024 guidance.

Portfolio Pulse from Akanksha Bakshi

May 22, 2024 | 1:20 pm

MULN

Bollinger Motors, a subsidiary of Mullen Automotive (NASDAQ: MULN), has reached an agreement to sell 50 Bollinger B4 chassis cab EV trucks to EnviroCharge for approximately $8.25 million. EnviroCharge will equip these trucks with mobile clean-propane-powered charging systems, providing a flexible charging solution for EV owners. The vehicles will be delivered after Bollinger Motors begins production in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 1:16 pm

GASS

StealthGas (NASDAQ:GASS) reported Q1 2024 earnings per share (EPS) of $0.44, significantly beating the analyst estimate of $0.24. The company also reported sales of $41.60 million, surpassing the $34.30 million estimate and showing a 9.30% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 1:11 pm

PVH

Green Horizons has opened a 1 million sq ft sustainable cannabis cultivation facility in Coachella Valley, focusing on cost efficiencies and sustainability. The company plans to expand into consumer packaged goods (CPG) through a partnership with Tommy Hilfiger, owned by PVH Corp.

Portfolio Pulse from Nicolás Jose Rodriguez

May 22, 2024 | 1:08 pm

NVDA

Nvidia's stock is poised for significant growth as AI demand drives revenue increases in its Data Center and Gaming segments. The company anticipates strong Q1 earnings, with projected revenues of $24.69 billion and earnings of $5.18 per share. Nvidia's stock has surged 92% year-to-date and is nearing the $1000 mark, a key psychological resistance level.

Portfolio Pulse from Zaheer Anwari

May 22, 2024 | 1:07 pm

AIRR

DY

SMCO

Dycom Industries, Inc. (NYSE:DY) shares are surging premarket after reporting strong Q1 FY25 results, including a 9.3% increase in contract revenue, a significant EPS beat, and positive outlook for Q2. Investors can also gain exposure through ETFs like First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) and Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO).

Portfolio Pulse from Lekha Gupta

May 22, 2024 | 1:06 pm