Streetbeat News

Revenues

COOL

Corner Growth Acquisition (NASDAQ:COOL) reported a 41.12% increase in Q3 sales to $92.90M, up from $65.83M YoY. Net income also rose to $39.2M compared to $36.8M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:29 am

MSFT

NTDOY

SONY

Cyber Monday is on track to be the largest online shopping day ever, with consumers expected to spend $12 billion to $12.4 billion. Top-selling items include Nintendo's Switch, Sony's PlayStation 5, and Microsoft's Xbox Series X. The report from Adobe Analytics also predicts that Cyber Week will total $37.2 billion to $38.1 billion in online purchases, accounting for 17% of holiday season spending. Factors contributing to the surge include the use of BNPL services, ongoing discounts, and a significant portion of sales being made through smartphones.

Portfolio Pulse from Ananya Gairola

November 28, 2023 | 5:47 am

BBJP

DXJ

EWJ

The Bank of Japan's Core Consumer Price Index (CPI) rose by 3% year-over-year, which is lower than the estimated 3.4% and equal to the prior figure of 3.4%. This indicates a stabilization in inflation rates, which could impact investor sentiment regarding Japanese markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:21 am

EWA

Australia's retail sales for October showed a preliminary decrease of 0.2% month-over-month, which is below the estimated 0.1% increase and a decline from the previous 0.9% growth.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:19 am

AMZN

COIN

GM

MSFT

TSLA

Coinbase, GM, Amazon, Tesla, and Microsoft are the top five stocks on investors' radar after U.S. stocks dipped but recovered slightly in after-hours trading. Coinbase rose due to Bitcoin's new high and Argentina's pro-crypto president. GM plans to relaunch Robotaxi services after safety improvements. Amazon became the largest U.S. delivery service by volume. Tesla's Model Y is projected to be Europe's top-selling vehicle, and Microsoft's AI and cloud computing strength continue to attract investors.

Portfolio Pulse from Ramakrishnan M

November 28, 2023 | 4:04 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) is reportedly in search of approximately 50,000 square feet of office space in Miami, coinciding with founder Jeff Bezos's planned move to Florida. An Amazon spokesperson confirmed the search but stated it began before Bezos's announcement. Miami's office market is thriving, with demand from tech and financial sectors surpassing pre-pandemic levels. Bezos, who stepped down as CEO in 2021, has purchased properties in Miami and has significant wealth tied to his Amazon stake.

Portfolio Pulse from Ananya Gairola

November 28, 2023 | 1:17 am

SDRL

Seadrill has updated its 2023 revenue forecast to $1.495B-$1.515B and adjusted EBITDA to $485M-$505M.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 10:36 pm

TSLA

Tesla Inc's (NASDAQ:TSLA) Model Y is on track to become the bestselling vehicle in Europe for 2023, having already sold 212,517 units in the first 10 months, leading the second place by 15,035 units. The Model Y's strong sales performance, making up 73% of Tesla's total European sales, could lead to it being the first electric vehicle, midsize car, premium car, and non-European car to achieve this status in the modern era. Tesla's stock has seen a significant increase, up over 115% year-to-date.

Portfolio Pulse from Chris Katje

November 27, 2023 | 10:01 pm

FTHM

Fathom Holdings Inc. (NASDAQ:FTHM), through its subsidiary Fathom Realty, announced a revised agent commission structure expected to add $3.1M to its EBITDA in 2024. The changes include an increase in the annual fee from $600 to $700 and a new 'High-Value Property Fee' for properties over $600,000, which adds $200 to $250 based on the property price. The company believes these changes will minimally impact agents while aiding Fathom's growth objectives.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:10 pm

ANF

Abercrombie & Fitch Co (NYSE:ANF) shares rose 3.1% to $75.59, hitting a new 52-week high, driven by positive retail sales data from Mastercard SpendingPulse. U.S. retail sales on Black Friday increased 2.5% year over year, with e-commerce sales up 8.5%. ANF's performance reflects consumer engagement and brand loyalty, with both online and in-store sales showing stability despite economic uncertainty.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 8:45 pm