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China has accused the United States of economic coercion by limiting chip supplies to Huawei, as reported by Bloomberg. This move intensifies the ongoing tensions between the two countries over technology and trade. The US's restrictions on chip sales to Huawei, a major Chinese technology firm, are seen as part of broader efforts to curb China's technological advancements and influence. This development could have significant implications for global tech and trade dynamics, potentially affecting companies and ETFs involved in the semiconductor and broader technology sectors.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:19 pm

IFF

JP Morgan analyst Jeffrey Zekauskas upgraded Intl Flavors & Fragrances (IFF) from Neutral to Overweight and increased the price target from $75 to $100.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:19 pm

CPNG

Coupang's shares declined following the announcement of mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:19 pm

TEVA

Teva Pharmaceutical's stock is trading higher following the announcement of mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:18 pm

LBRDK

Liberty Broadband (NASDAQ:LBRDK) reported Q1 2024 earnings of $1.69 per share, surpassing the $1.54 estimate, marking a 259.57% increase from last year. However, their sales of $245M fell short of the $251M estimate, a slight 0.41% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:18 pm

DIS

NFLX

Disney (NYSE:DIS) reported its fiscal second quarter earnings, surpassing analyst estimates with its streaming services, Disney+ and Hulu, achieving profitability for the first time, excluding ESPN. Despite this, Disney's shares fell 10% due to overall revenue disappointment and a soft guidance for the next quarter's experiences segment. Revenue grew 1% YoY to $22.08 billion, slightly missing estimates. Theme parks performed well, but higher labor costs impacted profits. Disney's streaming business saw significant improvement, with a notable increase in Disney+ subscribers. However, content sales and licensing revenue dropped 40%. Disney anticipates its streaming segment to reach profitability in the fourth quarter and become a key growth driver.

Portfolio Pulse from Upwallstreet

May 08, 2024 | 12:17 pm

GHI

Greystone Housing Impact (NYSE:GHI) reported Q1 2024 earnings of $0.42 per share, surpassing the $0.24 estimate, but saw a 28.81% decrease from last year's $0.59. Sales were $22.371M, missing the $24.332M estimate and marking a 10.29% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:16 pm

IMNN

IMUNON, Inc. (NASDAQ:IMNN), a clinical-stage drug-development company, announced Stacy R. Lindborg, Ph.D. as its new President and CEO, effective May 13, 2024. Lindborg, with nearly 30 years in the pharmaceutical and biotech industry, brings extensive experience in drug development and business strategy. She joins IMUNON from BrainStorm Cell Therapeutics, where she was Executive Vice President and Co-Chief Executive Officer. IMUNON is at a pivotal point, expecting topline results from its Phase 2 OVATION 2 Study in advanced ovarian cancer by mid-summer and Phase 1 data from its COVID-19 vaccine by year-end.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:14 pm

NKLA

Nikola Corp (NASDAQ:NKLA) reported a rise in the average sales price of its fuel cell electric vehicle (FCEV) trucks by $30,000 in Q1 compared to the previous quarter, reaching $381,000. Unlike other EV makers facing price drops amid a price war, Nikola plans to maintain flexibility in pricing for large fleet deals to expand its customer base beyond California and Canada. The company aims to target fleets with over 1000 trucks and is open to adjusting prices for significant deals. Nikola wholesaled 40 trucks, produced 43, and reported a Q1 revenue of $7.5 million with a net loss of $147.7 million. Nikola's stock fell 5.4% to $0.6 on Tuesday, marking a nearly 27% decline year-to-date.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 12:12 pm

IMCC

IM Cannabis (NASDAQ:IMCC) reported Q1 losses of $(0.31) per share, missing the $(0.20) estimate by 55%, and a 1650% decrease from last year's earnings. Sales were $8.95M, missing the $10.60M estimate by 15.58%, and down 8.16% from last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:10 pm