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PGNY

Progyny Inc (NASDAQ:PGNY) reported Q1 sales of $278.1 million, missing consensus estimates and provided soft guidance for future quarters, leading to a downgrade by KeyBanc Capital Markets from Overweight to Sector Weight. The company's adjusted EPS was up year over year, but concerns over revenue visibility, utilization, and customer behavior have led to reduced growth forecasts.

Portfolio Pulse from Vandana Singh

May 10, 2024 | 6:42 pm

LIDR

AEye's stock (LIDR) experienced a significant surge, leading to a trading halt due to a circuit breaker trigger. The stock is currently up by 136.7%.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:38 pm

DIS

WBD

Warner Bros. Discovery Inc (WBD) receives mixed analyst ratings amid fiscal Q1 revenue decline but exceeds free cash flow expectations. Keybanc upgrades WBD to Overweight with a $11 price target, citing potential for a turnaround with an upcoming Disney+ bundle and NBA deal. Needham maintains a Hold rating, highlighting the bundle's potential to decrease churn and increase lifetime value. BofA Securities reiterates a Buy rating, emphasizing WBD's asset strength and upcoming catalysts, including the NBA media rights renewal.

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 6:34 pm

BYND

Canaccord Genuity analyst Bobby Burleson maintains a Hold rating on Beyond Meat (NASDAQ:BYND) and lowers the price target from $9 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:32 pm

EVLV

FLUX

LIDR

MGNX

NVAX

SG

U.S. stocks showed mixed performance with the Dow Jones rising and NASDAQ slightly falling. Sweetgreen, Novavax, and AEye saw significant stock increases due to positive business developments, while MacroGenics, Evolv Technologies, and Flux Power Holdings experienced sharp declines following disappointing financial results. Crude oil prices dropped, and consumer sentiment weakened.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 6:30 pm

SPY

Fed's Kashkari has stated that while the bar for another rate hike is high, it cannot be completely ruled out, according to CNBC.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:26 pm

SPY

VGK

The White House is actively working to support Ukraine against Russian attacks, acknowledging the possibility of Russian advances but not expecting major breakthroughs. This situation underscores the ongoing geopolitical tensions and their potential impact on global markets.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:25 pm

HE

Hawaiian Electric Indus (NYSE:HE) reported Q1 earnings of $0.38 per share, missing the consensus estimate of $0.54, marking a 29.63% miss and a 24% decrease from last year's earnings. Sales were $897.16M, down 3.35% from $928.24M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:20 pm

FLUX

Flux Power Holdings Inc (NASDAQ:FLUX) reported Q3 financial results below expectations, with a GAAP loss of 16 cents per share against an expected 10 cents and sales of $14.457 million versus the estimated $15.345 million. Despite the weak results, CEO Ron Dutt highlighted efforts towards recovery and margin improvement. Following the announcement, Flux Power's shares fell 25.1% to $3.43. Analysts from Maxim Group and Craig-Hallum adjusted their price targets on FLUX, maintaining a Buy rating but lowering their targets.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 6:13 pm

SG

JP Morgan analyst Rahul Krotthapalli has maintained an Overweight rating on Sweetgreen (NYSE:SG) and increased the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:11 pm