Streetbeat News

Revenues

NVAX

A Novavax executive stated during a conference call that they expect royalties and milestones from their deal with Sanofi to exceed the value of what the company's own efforts might have yielded.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:49 pm

AAPL

The wellness industry, valued at nearly $2 trillion, is expected to grow 5-10% annually, driven by consumer spending on wellness and fitness. McKinsey's report highlights shifts towards clinical effectiveness over natural ingredients, the rise of wearable tech like Fitbits and Apple Watches, and an increase in at-home health practices. Apple Inc (AAPL) stands to benefit from the growing adoption of wearable technology.

Portfolio Pulse from Aaron Bry

May 10, 2024 | 12:48 pm

FIHL

Fidelis Insurance Holdings reported its Q1 adjusted earnings at $0.74 per share, surpassing the estimated $0.62. Sales rose to $520 million from $412.7 million year-over-year, with gross premiums written reaching $1.51 billion.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:47 pm

PFX

PhenixFIN (NASDAQ:PFX) reported Q2 sales of $4.658 million, missing the analyst consensus estimate of $5.601 million by 16.84%. This represents a 5.18% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:45 pm

RAYS

TAN

The Global Electricity Review by Ember highlights solar energy's significant growth, outpacing wind and fossil fuels in 2023. Solar's electricity generation growth exceeded 23%, marking its 19th consecutive year as the fastest-growing electricity source. Fossil fuels are projected to decline further, aligning with global shifts towards renewable energy. The report supports the transition to clean energy, with renewables now over 30% of the global energy mix. ETFs like Global X Solar ETF (RAYS) and Invesco Solar ETF (TAN) have seen declines year-to-date but may benefit from the ongoing shift towards solar energy.

Portfolio Pulse from Anthony Noto

May 10, 2024 | 12:37 pm

AMZN

CART

DASH

UBER

WMT

Uber Technologies Inc (NYSE:UBER) reported a mixed Q1 with revenue growth but an unexpected loss due to legal issues. Revenue grew 15% to $10.13 billion, slightly above estimates, but net loss widened to $654 million. Mobility and delivery segments showed growth, but freight contracted. Uber forecasts higher gross bookings for Q2. Instacart (NASDAQ:CART) announced restaurant delivery through Uber Eats, competing with DoorDash (NASDAQ:DASH), Amazon.com (NASDAQ:AMZN), and Walmart (NYSE:WMT). Instacart reported an 8% revenue growth and a net income of $130 million.

Portfolio Pulse from Upwallstreet

May 10, 2024 | 12:35 pm

CMND

Clearmind Medicine has made progress in its program to develop a MEAI-based alcohol substitute beverage, targeting the growing no- and low-alcohol beverage market valued at over $13 billion in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:26 pm

CDNA

CareDX shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company provided FY24 revenue guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:25 pm

AMD

AOTG

ARM

INTC

NVDA

SOXQ

AMD has increased its market share in the client and server segments of the x86 processor market, despite competition from Intel. However, AMD faced a significant drop in gaming revenue due to decreased console demand. Intel gained market share due to AMD's reduced SoC business. AMD's server CPU market gains and competition with Nvidia in the merchant accelerators market were highlighted, alongside potential revenue synergies from the Xilinx acquisition. Arm Holdings is seen as a potential disruptor in the server CPU market due to AI adoption. AMD stock is accessible through AOT Growth And Innovation ETF and Invesco PHLX Semiconductor ETF.

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 12:15 pm

ALTI

AlTi Global (NASDAQ:ALTI) reported Q1 earnings of $0.18 per share, surpassing the $0.03 estimate, marking a 115.13% increase from last year. However, their Q1 sales of $50.81M fell short of the $61.50M estimate, a 12.46% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:10 pm