Streetbeat News

Revenues

Target Hospitality forecasts its FY24 total revenue to be in the range of $410M-$425M, surpassing the $409.67M estimate. The company also projects its FY24 Adjusted EBITDA to be between $195M-$210M.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:54 am

FXI

China's financial regulator plans to foster a positive relationship between the finance and real estate sectors, ensuring the reasonable financial needs of real estate enterprises are met and speeding up the implementation of an urban real estate financing coordination mechanism.

Portfolio Pulse from Charles Gross

March 13, 2024 | 10:40 am

DLTR

Dollar Tree projects its FY24 net sales to be between $31 billion and $32 billion, surpassing the estimated $30.66 billion. Additionally, the company forecasts its FY24 EPS to range from $6.70 to $7.30, exceeding the estimated $5.96.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:35 am

TOUR

Tuniu Corporation (TOUR) forecasts a significant increase in net revenues for Q1 2024, expecting RMB101.1 million to RMB107.4 million. This represents a 60% to 70% year-over-year growth compared to Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:06 am

TOUR

Tuniu Corporation (TOUR) reported a Q4 EPS of $(0.15) and sales of $14.08M, marking a significant increase from $3.96M in the same period last year. The company also reported an adjusted net income of $0.9M.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:03 am

RIOT

Pierre Rochard, VP of Research at Riot Platforms, claims the White House's 2025 budget implies a Bitcoin price target of $250,000 by 2035, sparking debate. Critics argue the budget focuses on digital asset taxation, not price predictions. Rochard defends his analysis, suggesting the budget's optimistic revenue projections from digital assets hint at significant Bitcoin growth. The budget indeed proposes measures to regulate and tax cryptocurrency activities, aiming to generate substantial revenue.

Portfolio Pulse from Murtuza Merchant

March 13, 2024 | 10:02 am

CYBN

Cybin announced that it has received FDA Breakthrough Therapy Designation for its novel psychedelic molecule, CYB003, aimed at treating Major Depressive Disorder (MDD). Additionally, the company shared positive four-month durability data for CYB003 in MDD, indicating sustained efficacy over time.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:01 am

HII

HII has secured an order to build a REMUS 620 unmanned underwater vehicle for an undisclosed international customer in the Indo-Pacific Region, set for delivery in 2024. The REMUS 620, known for its extensive battery life and range, will be used for various monitoring and data collection missions.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 9:02 am

CRBU

DLTR

LEN

NVDA

PACK

WSM

U.S. stocks closed higher with the Dow jumping over 200 points following the release of February 2024 inflation data, which showed a rise to 3.2%. The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone. Ranpak Holdings Corp. (PACK) saw a significant share price increase after reporting better-than-expected revenue, while Caribou Biosciences (CRBU) shares dropped due to disappointing financial results. NVIDIA Corporation (NVDA) shares surged amid AI momentum. The S&P 500 and Nasdaq also saw gains, with investors looking forward to earnings results from Lennar Corporation (LEN), Williams-Sonoma (WSM), and Dollar Tree (DLTR).

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 8:42 am

CLOV

DLTR

LEN

MINM

WSM

Dollar Tree, Minim, Williams-Sonoma, Clover Health Investments, and Lennar Corporation are stocks to watch, with earnings reports and a merger announcement affecting their after-hours trading. Dollar Tree and Williams-Sonoma are set to report earnings, Minim announced a merger with e2Companies, Clover Health reported strong Q4 revenue and FY24 guidance, and Lennar is expected to report earnings.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 8:40 am