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Revenues

IVDA

Valor Healthcare has been awarded an 8-year, $1.032 billion contract by the U.S. Department of Veterans Affairs to provide Remote Patient Monitoring and Home Telehealth services for veterans. Valor Healthcare is one of four companies selected for this contract, which represents the largest Remote Patient Monitoring effort in the federal government.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 7:53 pm

AMZN

DIS

NFLX

WBD

Netflix's crackdown on password sharing has led to a significant surge in daily sign-ups for its U.S. service, with 100,000 new sign-ins recorded over two days. The company's stock has also experienced a boost, trading at $417.52 per share.

Portfolio Pulse from Anthony Noto

June 12, 2023 | 7:32 pm

AWKNF

Awakn Life Sciences Corp. (OTCQB:AWKNF) is exiting ketamine healthcare services to focus on R&D of addiction therapies and IP licensing. The company has signed a non-binding term sheet to license its healthcare services IP and Kare protocol in the UK. Awakn is also reviewing its Norwegian healthcare clinics business unit and restructuring its UK clinics.

Portfolio Pulse from Lara Goldstein

June 12, 2023 | 7:18 pm

AAPL

ADDYY

META

MGOL

Soccer superstar Lionel Messi's move to Inter Miami is having a significant impact on the team and Major League Soccer (MLS), with increased social media following, merchandise sales, and ticket prices. Apple Inc and Adidas are also involved in the deal, offering revenue shares for new MLS Season Pass subscriptions and new shoes sold during the season, respectively.

Portfolio Pulse from Chris Katje

June 12, 2023 | 7:05 pm

TFC

Truist Financial Corp's CFO Daryl Maguire announced that the company's topline revenue is likely to decline by 3%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 6:49 pm

AAL

ALK

DAL

LUV

UAL

Morgan Stanley's global survey of corporate travel managers indicates an expected increase in travel budgets for 2023 and 2024. Small and medium-sized businesses are leading the recovery, with 42% returning to pre-COVID travel levels. This trend may favor low-cost carriers like Southwest Airlines and Alaska Air Group.

Portfolio Pulse from Shivani Kumaresan

June 12, 2023 | 6:43 pm

HQY

KeyBanc Capital Markets analyst Scott Schoenhaus reiterated an Overweight rating on HealthEquity, Inc. (NASDAQ:HQY) with a price target of $85. The analyst is bullish on the company's higher custodial yields and expects revenue growth through market share gains in the Health Savings Accounts markets. FY24 and FY25 revenue and adj. EBITDA estimates have been increased.

Portfolio Pulse from Nabaparna Bhattacharya

June 12, 2023 | 6:39 pm

FN

Needham increased its price target on Fabrinet (NYSE:FN) from $120 to $150 with a Buy rating, citing confidence in the company's outlook and new AI customer. Fabrinet's new AI project, which started two years ago, is estimated to bring in over $100 million in business, offsetting pressures on the Telecom business and supporting double-digit growth.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 6:39 pm

GXO

Oppenheimer analyst Scott Schneeberger reiterated an Outperform rating on GXO Logistics (NYSE:GXO) and raised the price target from $62 to $67. The analyst is positive on the company's growth story, citing secular warehouse supply chain outsourcing tailwinds and a $2.3 billion business pipeline. Schneeberger also sees at least 6% y/y 2023 organic revenue growth and potential margin improvements due to automation and operating efficiency initiatives.

Portfolio Pulse from Nabaparna Bhattacharya

June 12, 2023 | 6:13 pm

EPAM

KeyBanc Capital Market analyst Thomas Blakey downgraded EPAM Systems, Inc. (NYSE:EPAM) to Sector Weight from Overweight, citing pricing headwinds, increased caution in spending from clients, and lower pipeline conversions. KeyBanc reduced FY23 and FY24 revenue guidance for the company.

Portfolio Pulse from Nabaparna Bhattacharya

June 12, 2023 | 5:51 pm