Streetbeat News

Revenues

VGK

The Eurozone's Gross Domestic Product (GDP) for the quarter showed no growth, coming in at 0.0%, which was in line with estimates. This represents a slight improvement from the previous quarter's -0.1% contraction.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:02 am

VGK

The Eurozone's Gross Domestic Product (GDP) for the fourth quarter showed a year-over-year increase of 0.1%, aligning with estimates and showing a slight improvement from the prior quarter's 0.0% growth.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:01 am

BABA

JD

PDD

Alibaba Group Holding Ltd (NYSE:BABA) is losing ground as merchants in Shaji, China, shift to rival platforms like JD.com Inc. (NASDAQ:JD), Pinduoduo Inc. (NASDAQ:PDD), and ByteDance Ltd.'s Douyin due to a decline in Alibaba's sales guarantee. This shift is attributed to changing consumer behaviors and the rise of cross-platform shopping. Despite Alibaba's restructuring efforts and the growth of its international arm, the company faces challenges in its core e-commerce business as rivals gain momentum.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 7:04 am

EWU

The U.K. Consumer Price Index (CPI) for January remained steady at 4.0%, aligning with the previous month's figure and slightly below the estimated 4.1%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:01 am

FCPT

FCPT has acquired a primary care property operated by Baptist Medical Group for $9.7 million. The property, part of the Baptist Memorial Health Care system, is located in Tennessee and is under a long-term, triple net lease with about 10 years remaining. The deal was completed at a 6.9% cap rate on rent, excluding transaction costs.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:33 am

INDA

India's Wholesale Price Index (WPI) inflation for January was reported at 0.27%, lower than the estimated 0.53% and the previous month's 0.73%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:30 am

SHOP

Shopify Inc (NYSE:SHOP) President Harley Finkelstein discussed the company's international expansion plans in an interview with CNBC's Jim Cramer, highlighting it as a key growth area. Finkelstein emphasized the importance of making international sales as seamless as local ones and mentioned Shopify's work with international clients like Suntory and On Running. The discussion follows Shopify's Q4 earnings report, which showed a 24% year-over-year revenue growth to $2.14 billion, beating estimates.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 5:20 am

CART

Maplebear, known as Instacart, forecasts a Q1 Gross Transaction Value (GTV) growth of 7%-10% and an adjusted EBITDA of $150M-$160M.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:10 pm

INCR

InterCure Ltd. (NASDAQ:INCR), a leading medical cannabis company, provided an update on its Nir Oz facility in Southern Israel, affected by the ongoing war situation declared on October 7, 2023. The site has limited access and is partially used by the IDF. Restoration efforts are underway, and the company is seeking full compensation from the Israeli government for damages. InterCure is committed to supporting patient communities and plans to file its preliminary and full financial results for 2023 in early 2024.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 10:04 pm

SGML

Sigma Lithium (NASDAQ:SGML) has received a letter of intent from the Development Bank of Brazil (BNDES) for additional funding for its Grota do Cirilo lithium project in Brazil. The company plans to invest $100 million in a second processing plant to double its output. The project, which has received full environmental licensing, aims to become the world's fourth-largest lithium mining complex. Despite a recent downturn in lithium prices, Sigma remains optimistic about its strategic position and its focus on sustainable lithium production.

Portfolio Pulse from Stjepan Kalinic

February 13, 2024 | 9:56 pm