Streetbeat News

Revenues

BITB

FBTC

GBTC

IBIT

US spot Bitcoin ETFs saw significant net inflows of $303 million on May 15, led by Fidelity's ETF with $131 million. Bitwise and Grayscale followed with $86.26 million and $27.05 million, respectively. Analysts predict a potential return to Bitcoin's all-time highs, driven by lower-than-expected US inflation data and growing institutional interest.

Portfolio Pulse from Murtuza Merchant

May 16, 2024 | 12:04 pm

GSL

Global Ship Lease (NYSE:GSL) reported strong Q1 2024 earnings, with an adjusted EPS of $2.53 beating the $2.27 estimate and sales of $179.561 million surpassing the $168.061 million estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:02 pm

AMC

GME

Meme stocks GameStop (GME) and AMC Entertainment (AMC) saw significant gains earlier this week but experienced a sharp pullback. Vanda Research suggests that the current rally is unlikely to reach the levels seen in 2021 due to lower trading volumes and retail participation. Hedge funds are better prepared this time, and the recent volatility is driven more by fundamentals than social media hype.

Portfolio Pulse from Shanthi Rexaline

May 16, 2024 | 11:59 am

APCX

AppTech Payments has announced the commercial launch of its Banking-as-a-Service (BaaS) platform following a successful pilot program.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:53 am

GM

General Motors (GM) is seeking a level playing field against Chinese EV makers, as stated by President Mark Reuss. The company is concerned about China's pricing strategies and the impact on local players. The Biden administration has increased tariffs on Chinese EVs, further restricting their entry into the U.S. market. GM's EV sales dropped 20.5% year-on-year in Q1 2024, largely due to the discontinuation of the Chevrolet Bolt. GM recently launched the Chevrolet Equinox EV, aiming to compete with Tesla's Model Y.

Portfolio Pulse from Anan Ashraf

May 16, 2024 | 11:48 am

GAMB

Gambling.com Group has revised its FY24 revenue forecast downwards from $129M-$133M to $118M-$122M, citing changes in Google's treatment of commercial content on high authority websites. This adjustment impacts the effectiveness of the company's media partnerships.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:48 am

ARQ

Arq, Inc. (NASDAQ:ARQ) announced a $15 million Private Investment in Public Equity (PIPE) transaction at $7.00 per share, resulting in the issuance of 2,142,858 new common equity shares and a 5.7% ownership stake for the new investor.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:48 am

WMT

Walmart Inc (NYSE:WMT) reported strong Q1 2025 earnings, beating revenue and EPS expectations. The company saw significant growth in revenue, operating income, and eCommerce sales, and raised its outlook for the fiscal year.

Portfolio Pulse from Vandana Singh

May 16, 2024 | 11:45 am

MRX

Marex Group reported fiscal 2023 revenue of $1.245 billion, up from $711 million year-over-year. Adjusted operating profit increased to $230 million from $122 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:39 am

UA

UAA

Under Armour has revised its FY25 adjusted EPS forecast to $0.18-$0.25, significantly below the estimated $0.59. The company also expects a low-double-digit percentage decline in revenue, including a 15-17% drop in North America.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:33 am