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Revenues

GOOGL

SQSP

Squarespace has entered a definitive agreement to acquire assets associated with Google Domains, including approximately 10 million domains. The transaction is expected to close in Q3 2023 and will be accretive to Squarespace's revenue and free cash flow over time.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:06 pm

FIS

Susquehanna analyst James E Friedman reiterated a Positive rating on Fidelity National Information Services, Inc. (FIS) with a price target of $81. The company's Future Forward initiative aims to reduce cash spending by $1.25 billion, with improving margin visibility. FIS is expected to benefit from new regulatory capital requirements and traction in non-FIs, specifically among Corporates and Governments.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 6:24 pm

PLUG

Oppenheimer analyst Colin Rusch reiterated an Outperform rating on Plug Power Inc (NASDAQ:PLUG) after the company's analyst day. Plug Power highlighted its ramp to 100MW/month production, traction in stationary backup power and EV charging markets, and plans to double production in 2H. The company is also expanding internationally, targeting 25% of FY23 revenue from Europe.

Portfolio Pulse from Shivani Kumaresan

June 15, 2023 | 5:59 pm

SPSC

Needham analyst Scott Berg reiterated a Buy rating on SPS Commerce, Inc. (NASDAQ:SPSC) and raised the price target to $205 from $160. Berg is optimistic about the company's ability to meet or exceed its 15%+ annual revenue growth targets, even amid a slower macroeconomic environment. The analyst also believes that SPS could be more acquisitive for products, providing cross-sell opportunities and boosting functionality in a customer's value chain.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 5:35 pm

GM

GM's CFO stated at the Deutsche Bank Conference that the company expects rapid revenue appreciation between now and 2025 with Cruise, focusing on perfecting the technology and then reducing costs for automated vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:33 pm

GM

GM's CFO stated at the Deutsche Bank Conference that the company has one of the most sophisticated AI platforms with Cruise, which is in rapid deployment of AI for fully autonomous driving. They expect to grow revenue rapidly beyond $1B in 2025.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:31 pm

MDLZ

Mondelez reports a double-digit decline in overall volumes and a significant decrease in import volumes and market share due to scaled-down operations in Russia. Sales in Russia are now declining.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:59 pm

MDLZ

Mondelez plans to make its Russia operations self-sufficient and reduce activities, expecting further volume and sales declines. The company aims to have a stand-alone Russia business with a self-sufficient supply chain before the end of the year.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:59 pm

UBER

Uber Technologies is launching full-length video ads across its ride-hailing app, Uber Eats, and Drizly platforms. The ads will run on the primary Uber app, in-car tablets, and during Uber Eats deliveries. The company plans to expand the video ad products to the UK, France, and Australia later this year.

Portfolio Pulse from Anusuya Lahiri

June 15, 2023 | 3:36 pm

BBLG

EDTX

ESTE

LEJU

MRSN

MVIS

PTEN

TCJH

US stocks opened higher with the Dow Jones gaining around 180 points, NASDAQ rising 0.18%, and S&P 500 gaining 0.35%. Retail sales in the US increased 0.3% month-over-month in May, beating market expectations. Energy shares jumped by 1.4%, while real estate shares fell by 0.2%.

Portfolio Pulse from Lisa Levin

June 15, 2023 | 2:15 pm