Streetbeat News

Revenues

TIVC

Tivic Health has successfully completed enrollment for a study focused on a non-invasive bioelectronic method for stimulating the vagus nerve. This development could have significant implications for the medical and health technology sectors, particularly in treatments that involve nerve stimulation.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:04 pm

CPRX

Catalyst Pharmaceuticals announced the publication of Santhera Pharmaceutical's VISION-DMD study results on Vamorolone in the Journal Neurology. This publication could influence perceptions of Vamorolone's efficacy and potential market impact.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:03 pm

BSFC

Blue Star Foods has entered into a Master Service Agreement with a seafood value-added provider, which is anticipated to generate an additional $20M in revenue for the company in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:02 pm

GMED

Analysts have updated their ratings on Globus Medical (NYSE:GMED), showing a mix of perspectives with an average 12-month price target of $64.75, up from $59.33. The company has shown a revenue growth of 50.95% as of September 30, 2023, but faces challenges in profitability and efficiency, with below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

GLBE

Global-E shares dropped following the announcement of Q4 financial results and Q1 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:00 pm

EPD

Enterprise Prods Partners (NYSE:EPD) received diverse analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The average 12-month price target is now $34.0, reflecting a 5.17% increase from the previous target. Despite challenges in revenue growth and profitability, EPD's market capitalization and asset management indicate investor confidence and financial health. Analysts from Truist Securities, RBC Capital, Wells Fargo, and Stifel have updated their ratings and price targets, suggesting a positive short-term outlook for EPD.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

FUBO

FuboTV (NYSE:FUBO) has been analyzed by 4 analysts, showing a mix of bullish to indifferent ratings. The average 12-month price target is now $4.00, up 23.08% from $3.25. Analysts from Wedbush, Roth MKM, Cantor Fitzgerald, and Needham have provided updates, with price targets ranging from $2.00 to $5.00. FuboTV, a sports-first live TV streaming company, shows a positive revenue trend with a 42.64% growth rate but trails behind industry peers. Its net margin and ROE indicate challenges in financial health and equity utilization.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

SPY

The USA Redbook reported a year-over-year increase of 3.0%, compared to the prior 2.5%, indicating a rise in consumer spending.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:55 pm

NUE

Nucor Corporation (NYSE:NUE) has received approval from its Board of Directors for an $860 million investment to build a new rebar micro mill in the Pacific Northwest, marking the company's fourth and largest rebar micro mill. This new facility, with a production capacity of 650,000 tons per year, aims to enhance Nucor's leadership in the steel bar market and improve service to customers west of the Rocky Mountains. The project, which is still in the location evaluation phase, is expected to take two years to complete, pending regulatory approvals. Nucor's commitment to producing environmentally friendly steel from nearly 100% recycled scrap is emphasized, alongside the anticipated growth in the domestic rebar market driven by increased U.S. infrastructure investments.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:42 pm

BABA

JD

Alibaba Group Holding Limited (NYSE:BABA) has launched a live commerce company under Taobao Live to diversify its host base and combat competition from other online retailers. This initiative aims to nurture a robust live commerce ecosystem by offering new hosts comprehensive services, including business connections and financial management, with support such as guaranteed income during a six-month development period. The strategy is part of Alibaba's broader effort to revitalize its live commerce offering and maintain its competitive edge, amidst challenges from platforms like Douyin and legal troubles. Alibaba's international e-commerce business unit reported a 44% revenue increase to $4 billion in the December quarter.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 1:40 pm