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DIS

Stock futures are up as investors focus on earnings and economic data, with the Dow Jones posting its fourth consecutive winning session. European markets are also trading higher, buoyed by better-than-expected retail sales data. However, caution is advised due to soft spots in economic data, such as German Factory Orders. The UK awaits the Bank of England's monetary policy announcement, with expectations of no interest rate change but hopes for positive news. Disney's recent earnings are in focus in the US, with concerns about its streaming business amidst a competitive landscape. Gold prices are dipping as investors react to FOMC commentary and the strong dollar index, with upcoming jobless claims data expected to influence future movements.

Portfolio Pulse from Naeem Aslam

May 08, 2024 | 1:11 pm

CVNA

Carvana's Q1 2024 EV Trends Report highlights the growth potential of the used EV market, with used EV sales mix reaching a new high of 4.3% of total sales. The report notes a narrowing price gap between used EVs and ICE vehicles, and a significant portion of Carvana's EV and PHEV sales meeting eligibility for the Federal Used Clean Vehicle Credit, indicating improved affordability.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:03 pm

SCOR

Four analysts have recently updated their evaluations of comScore (NASDAQ:SCOR), showing a mix of bullish and indifferent stances. The average 12-month price target for SCOR has been adjusted to $22.75, marking a 6.49% decrease from previous estimates. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting a nuanced view of comScore's market position and future prospects. Despite challenges in revenue growth, net margin, and ROE, comScore's lower debt-to-equity ratio suggests a conservative financial approach.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:00 pm

STAA

Analyst ratings for Staar Surgical (NASDAQ:STAA) show a mix of bullish and indifferent sentiments, with 5 bullish and 2 indifferent ratings recently. The average 12-month price target for STAA has risen to $47.43, up 10.66% from the previous $42.86, with a high estimate of $55.00 and a low of $33.00. Staar Surgical's financial performance includes a 19.09% revenue growth rate, a net margin of 10.17%, an ROE of 2.03%, an ROA of 1.62%, and a low debt-to-equity ratio of 0.09, indicating strong profitability and effective asset and equity utilization.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:00 pm

CIFR

Cipher Mining (NASDAQ:CIFR) has been analyzed by 12 analysts, showing a bullish trend with an average 12-month price target of $5.08, marking a 12.89% increase from the previous target. The company's financial performance is strong, with significant revenue growth, high net margin, and excellent ROE and ROA, positioning it above industry averages.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:00 pm

MPU

Mega Matrix reported Q1 sales of $8.70 million.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:43 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) reported a 15% year-on-year revenue increase to $10.10 billion for the fiscal first quarter of 2024, slightly below the analyst consensus of $10.11 billion. The company experienced a GAAP EPS loss of 32 cents, missing the consensus estimate of a 23 cents loss, leading to an 8.31% drop in stock price premarket. Revenue growth was seen across Mobility and Delivery segments, but Freight revenue declined. Despite higher gross bookings and active platform consumers, Uber recorded a net loss, attributed to mark-to-market losses on investments. The company forecasts Q2 gross bookings between $38.75 billion and $40.25 billion, with adjusted EBITDA expectations of $1.45 billion to $1.53 billion.

Portfolio Pulse from Anusuya Lahiri

May 08, 2024 | 12:37 pm

TPG

TPG reported Q1 adjusted earnings of $0.49 per share, surpassing the $0.43 estimate, marking a 104.17% increase from last year. However, their sales of $451.21M fell short of the $466.24M estimate, despite being a 69.98% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:22 pm

CGNT

Cognyte Software Ltd. (NASDAQ:CGNT) has secured an approximately $5 million follow-on order from a national intelligence organization in the EMEA region for its investigative analytics software. This marks the third order from this customer in the past year, highlighting the effectiveness and value of Cognyte's technology in enhancing operational efficiency and addressing security threats. The ongoing partnership and repeated orders demonstrate the customer's confidence in Cognyte's solutions.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:13 pm

TGNA

TEGNA anticipates a decrease in Q2 total company GAAP revenue by a low-to-mid single digit percentage, while expecting total non-GAAP operating expenses to remain flat compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:11 pm