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TAYD

Taylor Devices (TAYD) has been approved to repurchase 459,015 of its shares from Ira Sochet at a price of $19.92 per share. This buyback represents a significant transaction for the company and could indicate confidence in its future prospects or a desire to reduce the number of shares outstanding, potentially increasing earnings per share.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:06 pm

TSM

TSMC reported a decrease in revenue for December, with a 14.4% drop from November and an 8.4% year-over-year decline, totaling approximately NT$176.30 billion.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:05 pm

TAYD

Taylor Devices reported its Q2 earnings with an EPS of $0.56, an increase from $0.45 YoY. However, revenue decreased slightly to $10.339M from $10.497M YoY.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:04 pm

ETWO

E2open Parent Holdings Inc (NYSE:ETWO) shares increased by approximately 11% in premarket trading following the release of their Q3 FY24 results. The company reported a slight revenue decline of 4.5% year-over-year to $157.5 million, which still beat the consensus estimate of $154.3 million. GAAP subscription revenue decreased by 1.5% year-over-year to $132.8 million. Adjusted gross profit and EBITDA also saw declines, but the company maintained or improved margins compared to the previous year. Adjusted EPS met consensus estimates at $0.04. The company has adjusted its FY24 revenue guidance slightly and expects a modest organic growth in subscription revenue. CFO Marje Armstrong expressed confidence in the company's direction despite market uncertainties.

Portfolio Pulse from Lekha Gupta

January 10, 2024 | 2:03 pm

COIN

MARA

RIOT

Crypto-related stocks Coinbase Global Inc (COIN), Marathon Digital Holdings Inc (MARA), and Riot Platforms Inc (RIOT) fell after a false SEC tweet suggested approval of a spot Bitcoin ETF. The SEC clarified the misinformation, stating no such ETF had been approved. Bitcoin's price dropped over 3%, affecting the mentioned stocks. COIN was down 3%, MARA 3.5%, and RIOT 3.43%.

Portfolio Pulse from Adam Eckert

January 10, 2024 | 2:03 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) has been the subject of diverse analyst opinions, with 8 analysts offering ratings ranging from bullish to bearish. The average 12-month price target is now $9.19, down from $11.12, indicating a 17.36% decrease. Analysts from firms like Deutsche Bank, Citigroup, and Morgan Stanley have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. SoFi, a financial-services company, has shown a 26.7% revenue growth rate but struggles with profitability and efficiency, as indicated by its net margin and ROE/ROA figures. Its debt-to-equity ratio is below industry norms, suggesting a sound financial structure.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:00 pm

MDB

MongoDB (NASDAQ:MDB) has significantly outperformed the market with an average annual return of 37.12% over the past 5 years. An investment of $100 in MDB stock 5 years ago would be worth $515.32 today. MongoDB's market capitalization currently stands at $27.43 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:00 pm

BBCP

Concrete Pumping Holdings (NASDAQ:BBCP) is expected to release its quarterly earnings report on January 11, 2024, with an estimated EPS of $0.18. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted to past earnings performances and guidance. Last quarter, BBCP beat the EPS estimate by $0.02, leading to a 6.8% stock price increase the following day. Over the last year, BBCP shares have risen by 26.2%, trading at $7.9 as of January 8.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:00 pm

CVE

Cenovus Energy (NYSE:CVE) has delivered an average annual return of 14.9% over the past 5 years, outperforming the market by 2.18% on an annualized basis. A $100 investment in CVE stock 5 years ago would be worth $203.25 today. The company's current market capitalization stands at $30.65 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:00 pm

INFY

Infosys (NYSE:INFY) is scheduled to release its quarterly earnings report on Thursday, 2024-01-11, with analysts expecting an EPS of $0.18. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Infosys's stock price has shown varied reactions to earnings reports, with a slight increase after the last report despite meeting the EPS estimate. Over the past year, shares have declined by 1.2%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:00 pm