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ASO

Academy Sports (ASO) projects its FY24 comparable sales to range between a decrease of 4% and an increase of 1%.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:07 pm

MOBX

Mobix Labs has announced receiving orders for its connectors for Gulfstream jets, extending into 2026. This development signifies a strong demand for Mobix Labs' products and a stable revenue stream for the next few years.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:07 pm

CURI

CuriosityStream Inc. (NASDAQ:CURI) shares surged premarket after reporting Q4 FY23 results. Despite missing revenue expectations with $14.8 million against a $15.8 million consensus, the company saw a significant increase in gross profit to $6.7 million from $1.4 million a year ago. Expenses fell 32% Y/Y to $11.4 million, and the adjusted EBITDA loss improved to $(3.4) million from $(13.6) million. EPS loss of $(0.09) beat the $(0.15) consensus. The company declared its first quarterly cash dividend of $0.025 per share and expects Q1 revenue of $11.5 million-$12.5 million, below the consensus of $15.8 million, but anticipates positive adjusted free cash flow.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 12:07 pm

ASO

Academy Sports projects FY24 sales to range between $6.070B and $6.350B, compared to the estimated $6.16B. The company also forecasts EPS to be between $5.90 and $6.90, lower than the estimated $7.06.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:06 pm

MU

MVLA

Micron Technology, Inc. (NASDAQ:MU) shares surged by 17.1% in pre-market trading after reporting Q2 results that exceeded expectations and providing strong Q3 guidance. Other stocks also showed significant movement in pre-market trading, with notable gainers including Kaival Brands Innovations Group, Inc. and CuriosityStream Inc., and losers such as Movella Holdings Inc. and Abits Group Inc.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 12:05 pm

LX

LexinFintech Holdings' shares dropped following a report of a year-over-year decline in Q4 adjusted EPADS results.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:04 pm

APO

NFLX

PARA

PEJ

RSPC

Apollo Global Management Inc (APO) has offered $11 billion to buy Paramount Global's (PARA, PARAA) film and TV studio, surpassing Paramount's market value of $7.7 billion. The bid is part of a review by Paramount's independent committee, which is also considering a merger with Skydance Media. Paramount, known for hits like 'Top Gun: Maverick', has seen interest from various buyers, including Netflix Inc (NFLX). Paramount's stock rose following Apollo's bid announcement. Other strategic options for Paramount include talks with Warner Bros. Discovery Inc (WBD) and a potential partnership with Comcast Corp (CMCSA). Paramount's stock can be accessed through Invesco ETFs (RSPC, PEJ).

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 12:03 pm

LOBO

LOBO EV Technologies Ltd. announced its initial public offering (IPO) of 1.38 million shares at $4 per share, aiming to raise $5.5 million. The shares will start trading on Nasdaq under the symbol 'LOBO' on March 21, 2024. Kingswood Capital Partners, LLC is the sole bookrunner for the offering.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:02 pm

EWU

The Bank of England has decided to keep the Bank Rate steady at 5.25%. This decision could influence market perceptions and potentially impact related financial assets, including ETFs like EWU that track the UK market.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:01 pm

SSBK

Southern States Bancshares, Inc. (NASDAQ:SSBK) announced the retirement of COO Jack Swift, effective May 31, 2024. Swift's responsibilities will be absorbed by CFO Lynn Joyce and Chief Risk Officer Greg Smith. Swift, who has been with Southern States for 18 years, played a key role in growing the company into a leading community banking institution in Alabama and Georgia. His retirement marks the end of a 40-year banking career.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:01 pm