Streetbeat News

Stock Prices

ASAN

Asana reported better-than-expected Q1 financial results and issued Q2 and FY24 EPS guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 1:00 pm

CLOE

DGLY

Digital Ally Inc. will distribute 15% of shares obtained in Kustom Entertainment to its shareholders immediately following the closing of the merger.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:58 pm

LI

NIO

XPEV

Chinese EV stocks are trading higher after a report indicated that China's cabinet plans to extend and optimize its purchase tax exemption for new energy vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:54 pm

XOM

Exxon Mobil Corporation (NYSE:XOM) is exploring new fracking technologies to double its oil production from U.S. shale holdings over five years. The company aims to reach between 900,000 and 1 million barrels per day in the Permian by 2027, with 9% to 11% production growth.

Portfolio Pulse from Nabaparna Bhattacharya

June 02, 2023 | 12:50 pm

TSLA

Tesla CEO Elon Musk faces a proposed $258 million class action lawsuit accusing him of insider trading and manipulating Dogecoin. Investors allege that Musk used tactics such as Twitter posts, paid influencers, and his appearance on SNL to profit from Dogecoin at their expense.

Portfolio Pulse from Ramakrishnan M

June 02, 2023 | 12:47 pm

NXST

VZ

YY

Wall Street's most accurate analysts recommend three high-yielding dividend stocks in the communication services sector: JOYY Inc. (NASDAQ:YY), Verizon Communications Inc. (NYSE:VZ), and Nexstar Media Group, Inc. (NASDAQ:NXST). These stocks have dividend yields of 8.23%, 7.33%, and 3.58%, respectively.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 12:47 pm

WBX

Wallbox N.V. (NYSE:WBX) announces a private placement of 18,832,432 Class A ordinary shares at $2.58 per share, raising $48.6 million from existing investors and strategic partners. The transaction aims to strengthen the company's balance sheet and support its strategic plan.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:46 pm

LPTV

Loop Media Inc (LPTV) provided Q3 FY23 guidance, expecting revenue of $5.4M-$5.6M, below the consensus estimate of $8.3M, and an operating loss of $7.6M-$7.9M. The company projects a 20% reduction in SG&A expenses and a gross profit margin of 30%-33%. LPTV anticipates continued macro headwinds in digital advertising spending due to potential recession.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 12:42 pm

CMCSA

NFLX

Netflix shareholders voted against the company's executive pay package in a non-binding vote, following a plea by striking Hollywood writers. The Writers Guild of America West has also written a similar letter to Comcast Corporation, the parent company of NBCUniversal.

Portfolio Pulse from Akanksha Bakshi

June 02, 2023 | 12:39 pm

LULU

LVTX

UCAR

Lululemon Athletica reported Q1 EPS of $2.28, beating the $1.98 estimate, and sales of $2.00B, beating the $1.92B estimate. LAVA Therapeutics announced Janssen's selection of its lead gamma-delta T-cell engager bispecific antibody for clinical development. UCAR experienced a 95% price increase with no news, potentially due to a squeeze after its recent IPO.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:38 pm