Streetbeat News

Revenues

EWA

Australia's employment change for November was reported at 61.5K, significantly surpassing the estimate of 11.0K and the previous month's revised figure of 42.7K.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:51 am

EWU

The U.K. RICS House Price Balance for November came in at -43%, which is better than the estimated -57% and an improvement from the prior revised figure of -61%. This indicates a less negative sentiment in the U.K. housing market than expected.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:51 am

AAPL

ADBE

BABA

PFE

TSLA

U.S. stock indices rose on Wednesday, with the Dow Jones, S&P 500, and Nasdaq all seeing gains after Fed Chair Jerome Powell hinted at a peak in interest rates with potential cuts ahead. Apple Inc. faced an EU antitrust lawsuit but its stock remained strong. Adobe Inc. saw a dip due to a weak Q1 revenue forecast despite beating Q4 expectations. Pfizer Inc.'s stock dropped after lowering its FY24 revenue forecast and mixed drug trial results. Alibaba Group had a slight increase amidst ongoing challenges. Tesla Inc. rose slightly, maintaining optimism despite a large vehicle recall.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 2:46 am

CGC

DBCCF

HITI

NVACF

SNDL

TLRY

ATB Capital Markets highlights deep-value opportunities in Canadian cannabis small-cap stocks, emphasizing overlooked companies like High Tide Inc (HITI) and Nova Cannabis Inc (NVACF) for their positive free cash flow and low trading multiples. The sector is expected to grow despite challenges, with a 10.9% increase forecasted for 2024 and a 9.2% CAGR through 2031. Retailers are predicted to outperform LPs due to scale advantages. Decibel Cannabis Co Inc. (DBCCF) and SNDL Inc (SNDL) are also noted for their market positions and valuations.

Portfolio Pulse from Joana Scopel

December 13, 2023 | 10:22 pm

DIS

Former Rep. George Santos, after being expelled from Congress, has turned to Cameo to earn income, surpassing his Congressional salary. Santos, who faced allegations of lying and federal charges, is listed on Cameo as a 'former Congressional icon' and has completed over 700 videos. Jimmy Kimmel, host of ABC's 'Jimmy Kimmel Live!' owned by Walt Disney Company (NYSE:DIS), used Cameo to request videos from Santos for a segment, leading Santos to demand $20,000 from Kimmel for airing the videos on TV.

Portfolio Pulse from Chris Katje

December 13, 2023 | 9:51 pm

ASYS

Amtech's stock is trading lower due to the company reporting Q4 sales that fell short of expectations and providing Q1 sales guidance that was also below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:43 pm

STRM

Streamline Health Solutions, Inc. (NASDAQ:STRM) has signed a new contract with a 2,300-bed health system in Maryland and the D.C. area for the use of its RevID automated charge reconciliation technology. This technology is expected to improve the health system's financial performance by ensuring accurate billing for care provided. Streamline Health is focused on enhancing hospital financials through pre-bill technology solutions.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:38 pm

JMIA

Jumia Technologies AG (NYSE:JMIA) is shutting down its food delivery service, Jumia Food, which accounts for about 11% of its GMV for the nine months ending September 30, 2023. The company will focus on its core physical goods and JumiaPay businesses. The food delivery segment has been unprofitable since its inception, and the closure is part of Jumia's strategy to optimize capital, resources, and pursue profitability. Employees from the food delivery sector will be moved to the physical goods segment.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:36 pm

CHSN

Chanson International Holding (NASDAQ:CHSN) has successfully opened seven new Soul●Song coffee brand cafes in China, adopting a 'blend bean concept' for diverse flavors. The company aims to expand further in 2024 using franchise or direct operation models, aligning with evolving consumer preferences post-COVID-19 and aiming to create long-term shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:33 pm

KNOP

KNOT Offshore Partners reported Q3 2023 revenue of $72.683 million, slightly missing the estimated revenue of $72.730 million.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:19 pm