Streetbeat News

Revenues

HQY

HealthEquity projects FY24 adjusted EPS to be between $2.08 and $2.16, surpassing the estimated $2.02. The company also forecasts revenue to range from $985M to $995M, which brackets the estimated $989M.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:03 pm

ACRS

Aclaris Therapeutics has entered into an exclusive patent license agreement with Sun Pharma for the rights to Deuruxolitinib. The deal includes an upfront payment of $15M, along with additional milestone payments and royalties.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:02 pm

HOV

Hovnanian Enterprises' stock is trading higher following the announcement of improved year-over-year Q4 financial results and the issuance of Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:46 pm

ETSY

Austin Ziegler, a 27-year-old engineer, turned his Etsy Inc (NASDAQ:ETSY) 3D printing side hustle into a booming business by focusing on building strong customer reviews. Initially struggling to sell battery cases, he shifted to selling inexpensive keychains and magnets to garner reviews. This strategy paid off, leading to sales of his other products and two of his items making Etsy's bestsellers list, with one generating $10,000 in a week.

Portfolio Pulse from Adam Eckert

December 05, 2023 | 7:37 pm

SBUX

Starbucks CEO commented at the Morgan Stanley Conference that the recovery in China will be choppy and is normalizing at a slower pace than expected. He also mentioned that demand growth in the next year is anticipated to be more concentrated towards the latter half.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:25 pm

HOOD

Robinhood's stock (HOOD) is trading higher following the release of favorable monthly customer metrics for November 2023. Additionally, a strong performance in the cryptocurrency sector is believed to be positively influencing the company's share price.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:21 pm

GVA

Granite Construction Inc (NYSE:GVA) has acquired Lehman-Roberts Company and Memphis Stone & Gravel Company, enhancing its presence in the Memphis metropolitan area. The acquisition includes strategic assets like asphalt plants and sand and gravel mines, along with significant material reserves. Following the acquisition, GVA raised its FY24 sales outlook from $3.6-$3.9 billion to $3.8-$4.0 billion, while maintaining its adjusted EBITDA margin outlook. The purchase was financed through a new term loan and existing funds. GVA's stock saw a slight decline of 0.72% to $47.10.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 6:09 pm

BABA

FXI

NIO

YUMC

Moody's Investors Service downgraded its outlook on China's government credit ratings from stable to negative, citing concerns over fiscal stability and economic growth. This has led to a significant sell-off in Chinese stocks, with the iShares China Large-Cap ETF (FXI) dropping over 10% in the last 10 sessions. Major Chinese companies listed in the US, including Alibaba (BABA), Tencent (OTCPK: MPNGY), and Meituan, saw negative trading, with Yum China (YUMC) and NIO Inc. (NIO) experiencing the most notable moves.

Portfolio Pulse from Piero Cingari

December 05, 2023 | 6:07 pm

OPTX

Syntec Optics, a manufacturer of optics and photonics products, has announced the launch of a new line of microlens arrays for fiber optics coupling, targeting a $43B photonics-enabled communications market. These arrays are designed for a blue-chip customer and are expected to offer higher production volume, performance, and reliability. The first order is set for delivery in Q1 2024, with more orders anticipated. Syntec Optics is expanding its product portfolio, which already includes defense, biomedical, and consumer end-markets, and has entered the space economy with satellite optics now in full production.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:15 pm

ALLR

CMND

DBI

IBIO

MFH

REPL

U.S. stocks were mixed with the Dow Jones falling 100 points and the NASDAQ rising. Consumer discretionary shares were up, while materials shares dipped. The ISM services PMI increased to 52.7 in November, exceeding estimates. Clearmind Medicine, Allarity Therapeutics, and Mercurity Fintech Holding saw stock price increases due to positive company news. Conversely, Replimune Group, iBio, and Designer Brands experienced significant stock price drops following negative announcements. Oil and gold prices were up, while silver and copper declined. European shares were mostly higher, and Asian markets closed mostly lower. U.S. job openings decreased, and the Economic Optimism Index fell.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 5:11 pm