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CHDN

CMCSA

DKNG

FLUT

The 150th Kentucky Derby, won by underdog Mystik Dan, set records with 16.7 million viewers and a $320.5 million betting handle. NBC, owned by Comcast Corporation (CMCSA), and Churchill Downs Inc (CHDN) extended their coverage deal through 2032. TwinSpires, owned by Churchill Downs, also saw record wagers. Partnerships with Flutter Entertainment (FLUT) and DraftKings Inc (DKNG) were highlighted, with FanDuel offering promotions. CHDN stock rose 1.45% following the event.

Portfolio Pulse from Chris Katje

May 06, 2024 | 8:20 pm

CMPO

CompoSecure (NASDAQ:CMPO) reported Q1 2024 earnings of $0.25 per share, meeting consensus estimates and marking an 8.7% increase from the previous year. Sales reached $104.010M, exceeding estimates by 5.14% and showing a 9.12% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:15 pm

BCC

Boise Cascade indicates that macroeconomic factors, including mortgage rates, home affordability, home equity levels, and others, will likely influence the near-term demand for its manufactured and distributed products.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:14 pm

FIS

FIS projects its Q2 revenue to be between $2.465B and $2.49B, slightly below the estimated $2.488B, but forecasts adjusted EPS of $1.21-$1.25, above the estimated $1.15.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:13 pm

HIMS

Hims & Hers Health projects its FY24 revenue to be between $1.20 billion and $1.23 billion, surpassing the estimated $1.191 billion.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:07 pm

HIMS

Hims & Hers Health projects its Q2 2024 revenue to be between $292M and $297M, surpassing the estimated $288.073M.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:07 pm

SPG

Simon Property Group (SPG) reported a significant increase in Q1 FFO to $3.56 per share, up from $2.74 YoY, with sales reaching $1.44B, surpassing the $1.29B estimate. This represents a 29.93% increase in earnings per share and an 11.83% beat on sales estimates, indicating a 6.78% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:07 pm

PLTR

Palantir Technologies Inc. forecasts its Q2 revenue to be between $649M-$653M, slightly below the estimated $653.25M. For FY24, the company expects revenue to range from $2.677B to $2.689B, which is also below the estimated $2.71B.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:06 pm

CF

CF Industries Holdings (NYSE:CF) has received mixed analyst ratings over the last three months, with a shift towards more cautious stances recently. The average 12-month price target for CF has been adjusted to $86.62, down from $89.29, reflecting a 2.99% decrease. Analysts from firms like Scotiabank, BMO Capital, and Wells Fargo have updated their ratings and price targets, indicating a varied outlook on the company's performance. CF Industries, a leading nitrogen producer, faces challenges with a -26.94% revenue decline as of March 31, 2024, but maintains strong profitability indicators such as a net margin of 13.2% and ROE of 3.48%.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 8:01 pm

AEIS

Advanced Energy Industries Inc (NASDAQ:AEIS) received mixed analyst ratings with an upward trend in price targets, indicating a positive outlook. The recent analysis by four analysts showed a shift towards bullish sentiment, with an average 12-month price target of $104.25, reflecting a 0.89% increase from the previous target. The company's financial performance shows a negative revenue trend with a -17.42% growth over 3 months, yet it maintains a strong net margin of 9.25% and exceptional ROE and ROA figures. However, its high debt-to-equity ratio poses a challenge.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 8:01 pm