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FXI

China's Gross Domestic Product (GDP) for the first quarter (Q1) grew by 1.6%, surpassing the previous quarter's revised growth of 1.2%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:35 am

FXI

China's Fixed Asset Investment (YoY) for March increased to 4.5%, surpassing both the estimated 4.0% and the previous 4.2%. This indicates a stronger than expected economic activity in China, particularly in terms of infrastructure and capital investments.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:35 am

CRLBF

CURLF

GTBIF

SHWZ

The Viridian Cannabis Deal Tracker reports a 39% increase in market value for major cannabis companies, with valuation multiples rising for 11 out of 14 major multi-state operators (MSOs). This growth is attributed to investors betting on long-term growth over short-term earnings, with companies like Curaleaf (CURLF) and Schwazze (SHWZ) experiencing valuation increases despite flat or declining EBITDA. GTI (GTBIF) and Cresco (CRLBF) also saw increases in both EBITDA multiples and estimates, indicating strong fundamentals. The anticipation of cannabis rescheduling is driving multiple expansions, with a focus on EBITDA growth as a key indicator of corporate health.

Portfolio Pulse from Nicolás Jose Rodriguez

April 15, 2024 | 11:53 pm

AMZN

MSFT

The release of Amazon.com Inc's Prime Video Fallout TV series has led to a significant increase in player numbers for Microsoft Corp.'s Bethesda's Fallout video game franchise, with Fallout 76 reaching a new peak of 39,455 concurrent players. The resurgence in interest has affected all titles in the series, with Fallout 4 topping Steam revenue charts. Bethesda is responding with promotions and a next-gen update for Fallout 4, while also confirming Fallout 5 in its long-term plans.

Portfolio Pulse from Franca Quarneti

April 15, 2024 | 9:54 pm

GRPN

Groupon has announced that developments in its foreign subsidiaries are not expected to materially impact its full-year guidance, reaffirming its previously issued guidance. Preliminary analysis for Q1 2024 indicates revenues and Adjusted EBITDA may meet or exceed the high end of guidance, with unaudited cash positions reported. A detailed update is expected in the Q1 2024 earnings call in May 2024.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:39 pm

GRPN

Groupon's Italian subsidiary, Groupon S.r.l., faces financial challenges as Italian tax authorities have placed a lien on its bank account, restricting outgoing payments. This action follows the Second Tier Tax Court's denial of Groupon S.r.l.'s request to suspend the appeal bond, requiring the company to post approximately €21 million immediately and an additional €48 million by October 22, 2024. Due to liquidity issues, Groupon S.r.l. cannot post the full amount and will pause sales of local vouchers in Italy, expecting a revenue loss of €1 million per month.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:36 pm

TSRI

TSR, Inc. (NASDAQ:TSRI) reported a significant increase in its Q3 earnings per share (EPS) to $0.19, up from $0.04 YoY, despite a decrease in sales to $19.70M from $24.26M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:02 pm

IYR

SCHH

VNQ

XLRE

According to Realtor.com, April 14-20 is the optimal time for selling homes, offering a peak week for sellers to maximize ROI, with listings getting 22.8% more views, homes selling 17% faster, and prices being 1.1% higher than the yearly average. The national median listing price could be $7,400 above the average week and $34,000 more than at the start of the year. ATTOM data suggests that May and June also offer high seller premiums. The Federal National Mortgage Association (Fannie Mae) reports improving consumer perceptions of homebuying and selling, with the Home Purchase Sentiment Index up 10.6 points year over year. Rising home prices may boost the value of real estate assets in ETFs like VNQ, SCHH, XLRE, and IYR.

Portfolio Pulse from Anthony Noto

April 15, 2024 | 8:32 pm

GIL

Gildan Activewear announced preliminary Q1 net sales of approximately $695M, surpassing the estimated $677.45M. The company also reconfirmed its guidance for 2024, indicating confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:21 pm

FBK

FB Financial (NYSE:FBK) reported Q1 2024 adjusted EPS of $0.85, surpassing the $0.70 estimate, but its sales of $107.452M fell short of the $120.207M forecast, marking a 15.55% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:19 pm