Streetbeat News

Revenues

EDUC

Educational Development (NASDAQ:EDUC) reported a Q4 EPS of $(0.19), an improvement from $(0.24) YoY, but sales dropped significantly to $9.00M from $14.98M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:02 pm

TRGP

Targa Resources (NYSE:TRGP) has significantly outperformed the market over the past 5 years, delivering an average annual return of 24.63%. A $1000 investment in TRGP 5 years ago would be worth $2,927.58 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 8:00 pm

ZTS

Zoetis (NYSE:ZTS) has significantly outperformed the market over the past 10 years, delivering an average annual return of 18.88%. A $100 investment in Zoetis 10 years ago would now be worth $563.55. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 8:00 pm

GPAC

USHAF

Stardust Power, a lithium refining company, is set to go public on the Nasdaq in June through a $490 million SPAC deal with Global Partner Acquisition Corp II (NASDAQ: GPAC). The company is building a lithium refinery in Oklahoma and aims to produce up to 50,000 metric tons of battery-grade lithium. The SPAC deal comes amid fluctuating lithium prices and growing EV demand. Stardust is also developing upstream lithium supply lines and has agreements with Usha Resources Ltd. (OTC: USHAF) and QX Resources Ltd.

Portfolio Pulse from Matt Whittaker

May 21, 2024 | 7:53 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) introduced several new AI-powered features at its annual Build developer conference, including the Phi-3-vision model, Copilot Plus PCs, and Windows Copilot Runtime. These innovations aim to enhance productivity and streamline development processes. The market reacted positively, with MSFT shares up 0.94%.

Portfolio Pulse from Vaishali Prayag

May 21, 2024 | 7:44 pm

TMUS

SpaceX demonstrated the first-ever live video call on X using a direct-to-cell Starlink satellite. The service, in partnership with T-Mobile US Inc (NASDAQ:TMUS), is set to launch this summer. This technological advancement could provide vital connectivity to regions in the U.S. lacking cell service.

Portfolio Pulse from Hayden Buckfire

May 21, 2024 | 7:41 pm

AMC

AMC Entertainment Holdings Inc. (NYSE:AMC) has seen extreme stock volatility due to renewed interest from meme stock traders, with shares spiking and then plummeting. Meanwhile, AMC's bonds have held their gains, offering high yields but also high risks, as highlighted by S&P Global's downgrade of AMC's credit rating to 'SD' (selective default).

Portfolio Pulse from Piero Cingari

May 21, 2024 | 7:33 pm

IMO

Imperial Oil (AMEX:IMO) has outperformed the market over the past 5 years with an average annual return of 20.54%, resulting in a $100 investment growing to $253.53. The company currently has a market capitalization of $37.15 billion.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 7:30 pm

CTSH

Cognizant Technology Solutions (NASDAQ: CTSH) has outperformed the market over the past 20 years, delivering an average annual return of 13.18%. A $1000 investment in CTSH 20 years ago would be worth $12,069.37 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 7:30 pm

CBSTF

GTBIF

Ohio's medical marijuana companies, including Green Thumb Industries and the Cannabist Company, are preparing to enter the recreational cannabis market following regulatory approvals. Dual-use applications will be available by June 7, and the DEA's reclassification of marijuana to a Schedule III drug will reduce tax burdens for these businesses.

Portfolio Pulse from Maureen Meehan

May 21, 2024 | 7:08 pm