Streetbeat News

Revenues

ADSE

ADS-TEC Energy anticipates strong sales growth in the second half of 2024, expecting to achieve positive EBITDA for the full year. This positions the company as a leader in the ultra-fast charging market.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:05 am

ADSE

ADS-TEC Energy reported H1 sales of $85.375 million, significantly surpassing the estimated $35.400 million.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:02 am

DOYU

DouYu International Holdings reported a decline in both average mobile monthly active users (MAUs) and average paying users for Q2 2024 compared to the same period in 2023. MAUs dropped from 50.3 million to 44.1 million, and paying users decreased from 4.0 million to 3.4 million.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:04 am

AMD

NVDA

RTO

U.S. stocks rose on Wednesday, with the Nasdaq jumping over 2% driven by a surge in NVIDIA shares. Inflation data showed a decrease, improving market sentiment, though the Fear & Greed Index remains in the 'Fear' zone. NVIDIA and AMD saw significant gains, while Rentokil Initial's shares dropped sharply.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 6:43 am

IPHA

Innate Pharma reported a significant decline in its H1 earnings per share (EPS) and sales compared to the previous year. The EPS dropped from €0.02 to €(0.31), and sales decreased from €40.198 million to €12.345 million. Despite this, the company maintains a cash position of €102.1 million as of June 30, 2024, with an anticipated cash runway until the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:08 am

EWU

The U.K. RICS House Price Balance for August showed a significant improvement, rising to 1% from a revised -18% in the previous period. This indicates a positive shift in the U.K. housing market.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 5:08 am

BBJP

DXJ

EWJ

Japan's BSI Large Manufacturing Conditions for Q3 reported a significant improvement at 4.5, compared to the estimated -2.5 and the prior -1.0. This positive data may impact ETFs with exposure to Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 5:05 am

AEP

CEG

NEE

NRG

PEG

SO

VST

XLK

XLU

The utilities sector has become the top-performing sector within the S&P 500 in 2024, with the Utilities Select Sector SPDR Fund (XLU) surging 22% year-to-date. This outperformance is driven by rising demand for AI-driven data centers and a shift towards defensive assets amid macroeconomic volatility. Top-performing utility stocks include Vistra Corp., Constellation Energy, and NRG Energy.

Portfolio Pulse from Piero Cingari

September 11, 2024 | 10:33 pm

MPW

Medical Properties Trust (MPT) has reached a global settlement agreement, regaining control over its real estate and ending its relationship with Steward Health Care. MPT expects to receive $160 million in annualized cash rental payments by Q4 2026, representing 95% of what Steward would have owed.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 9:49 pm

AAPL

XIACF

XIACY

Apple Inc. (NASDAQ:AAPL) is losing market share in China, dropping to sixth place in the smartphone market as local brands like Vivo, OPPO, HONOR, Huawei, and Xiaomi gain ground. The lack of AI integration and inventory issues are challenges for Apple, while local brands benefit from strong supply chains and AI advancements.

Portfolio Pulse from Anusuya Lahiri

September 11, 2024 | 9:37 pm