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LCID

Lucid Motors announced the immediate resignation of CFO Sherry House, who is leaving to pursue other opportunities. Gagan Dhingra will take over as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:10 pm

NOTV

Inotiv reported a Q4 loss of $0.38 per share with sales of $140.74M, slightly beating the consensus estimate of $139.43M. However, this represents a 6.46% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:08 pm

ORCL

Oracle Corp has reported a significant increase in demand for its cloud infrastructure and generative AI services, describing the growth rate as 'astronomical'.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:07 pm

ORCL

Oracle reported a strong second quarter with significant growth in its cloud business. Cloud revenue increased by 25%, driven by a 52% rise in Cloud Infrastructure Revenue and a 15% increase in Cloud Application Revenue. Additionally, Fusion Cloud ERP and NetSuite Cloud ERP revenues both grew by 21%.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:07 pm

ORCL

Oracle Corporation (NYSE:ORCL) reported Q2 adjusted earnings of $1.34 per share, surpassing the analyst consensus estimate of $1.32, marking a 10.74% increase from last year's earnings. However, Oracle's quarterly sales of $12.94B fell short of the expected $13.05B, though they still represent a 5.43% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:05 pm

CNQ

Over the past 20 years, Canadian Natural Resources (NYSE:CNQ) has produced an average annual return of 12.31%, outperforming the market. A $100 investment in CNQ 20 years ago would be worth $1,070.84 today. The company's current market capitalization is $67.84 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 9:00 pm

BA

Over the past 20 years, Boeing (NYSE:BA) has produced an average annual return of 9.33%, outperforming the market by 1.88% on an annualized basis. A $100 investment in Boeing stock 20 years ago would be worth $602.84 today. Boeing's current market capitalization stands at $149.02 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 9:00 pm

ITCI

Intra-Cellular Therapies (NASDAQ:ITCI) received 4 analyst ratings in the last quarter, with an average price target of $81.0, representing an upside from the current price of $60.29. The ratings included 1 bullish and 3 somewhat bullish, with no indifferent, somewhat bearish, or bearish ratings. The current average price target has decreased by 1.22% from the previous target of $82.00. Analysts typically review stocks quarterly, basing their ratings on financial statements, meetings, and insider information.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 9:00 pm

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HLT

MAR

MGM

Hotel and resort stocks are trading higher as AAA forecasts 115.2 million people to travel during the upcoming holiday season, indicating a potential increase in demand for travel and hospitality services.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 8:48 pm

SLB

SLB (NYSE:SLB) has seen a decrease in short interest, with the short percent of float falling 8.82% since the last report. The company has 17.65 million shares sold short, representing 1.24% of available shares. The average time to cover these short positions is 2.03 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. SLB's short interest is below its peer group average of 6.24%.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 8:45 pm