Streetbeat News

Revenues

USO

OPEC forecasts world oil demand to increase by 2.35 million BPD in 2023, with China's oil demand rising by 840,000 BPD, up from the previous forecast of 800,000 BPD. The 2023 world economic growth forecast remains at 2.6%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:22 am

LAD

Lithia & Driveway has acquired 13 locations from the Priority Automotive Group in Virginia, bringing its total year-to-date expected annualized revenue acquired to over $3.2 billion. The acquisition was financed using existing on-balance sheet capacity and is projected to generate more than $1.2 billion in annualized revenue.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:11 am

F

GM

TSLA

Tesla has struck deals with General Motors and Ford, allowing their electric vehicles access to Tesla's charging infrastructure. Former Ford CEO Mark Fields sees this as a pragmatic move for all parties involved, with Tesla gaining revenue from its competitors and the legacy automakers benefiting from Tesla's dependable charging infrastructure.

Portfolio Pulse from Shanthi Rexaline

June 13, 2023 | 10:00 am

ORCL

Oracle expects total revenues for Q1, including Cerner, to grow 7% to 9% in constant currency and 8% to 10% in USD. Total Q1 cloud revenue, excluding Cerner, is expected to grow 28% to 30% in constant currency.

Portfolio Pulse from Charles Gross

June 12, 2023 | 9:29 pm

MEI

Methode Electronics forecasts lower-than-expected revenues and EPS for FY24 and FY25. The company cites additional costs, program roll-offs, market headwinds, and the early sunsetting of an EV program as reasons for the lower guidance.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:19 pm

ORCL

Oracle reported Q4 cloud revenue of $4.4 billion, a 54% YoY increase. Cloud infrastructure revenue rose 76%, cloud application revenue increased 45%, Fusion Cloud ERP revenue grew 26%, and NetSuite Cloud ERP revenue was up 22%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:06 pm

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