Streetbeat News

Revenues

MGOL

MGO Global has exceeded its full-year 2022 revenues in just the first five months of 2023, showcasing strong financial performance.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:49 pm

HOOD

Robinhood Markets reported a 27% increase in equity notional trading volumes in May compared to April, while options contracts traded rose by 29%. However, crypto notional trading volumes declined by 43%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:34 pm

HOOD

Robinhood Markets reported $81.8B in assets under custody at the end of May, a 6% increase from April. Net deposits for the month were $1.6B, representing a 25% annual growth rate from May.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 12:33 pm

PSN

Parsons has secured a five-year, $40 million task order contract with Bay Area Rapid Transit (BART) to provide engineering expertise. This is the fourth consecutive GES contract Parsons has won with BART and may include projects such as converting portions of BART's non-revenue fleet to zero-emission vehicles, capital program support, and fiber optic upgrades.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 10:34 am

XPEV

XPeng Inc has received over 25,000 pre-sale orders in China for its G6 SUV within three days. The vehicle, which debuted in April, has a maximum range of 755km and can charge 300km in 10 minutes. XPeng reported a 45.9% YoY sales decline in Q1 FY23.

Portfolio Pulse from Anan Ashraf

June 12, 2023 | 10:30 am

AMZN

BNED

RIVN

WMT

A $1,000 investment in Amazon (AMZN) in 1999, when Barron's predicted its failure, would now be worth $46,577.4, a 4,558% gain. This compares to the S&P 500's 233% gain and the Nasdaq Composite's 450% jump. Amazon has evolved into a technology giant with diverse interests and is now part of the FAANG group.

Portfolio Pulse from Shanthi Rexaline

June 12, 2023 | 8:41 am

MSFT

NTDOY

SONY

Circana's Games Market Dynamics report shows a slowdown in video game subscription spending growth, with only a 2% increase in April 2023 compared to 2022. Major players like Sony's PlayStation Plus and Microsoft's Game Pass are struggling to attract new subscribers beyond the existing console ownership base.

Portfolio Pulse from Franca Quarneti

June 10, 2023 | 5:03 pm

BETRF

BRAXF

BetterLife Pharma's non-hallucinogenic LSD derivative, BETR-001, is progressing through IND-enabling studies for Major Depressive Disorder. Braxia Scientific reports a 26.2% YoY growth in treatment volumes and plans to restructure its business, including slowing down its U.S.-based telemedicine business KetaMD.

Portfolio Pulse from Lara Goldstein

June 09, 2023 | 8:45 pm

YELL

Yellow Corporation (NASDAQ:YELL) reported Q2 2023 operating metrics, showing a 4.0% increase in LTL revenue per hundredweight and a 1.9% increase in LTL revenue per shipment compared to a year ago, excluding fuel surcharge.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 8:03 pm

F

GM

TSLA

General Motors announced plans to integrate the North American Charging Standard connector on future electric vehicles produced in 2025, expanding access to Tesla's Supercharger network. Analyst Alex Potter projects that Tesla's deals with GM and Ford could be worth $3 billion by 2030, making Tesla's charging model the standard in North America.

Portfolio Pulse from Chris Katje

June 09, 2023 | 6:58 pm