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SIG

Signet Jewelers anticipates continued momentum in the second quarter, which is expected to lead to a positive same-store sales inflection in the second half of fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:54 am

SIG

Signet Jewelers (NYSE:SIG) reported Q1 2025 adjusted EPS of $1.11, beating the $0.85 estimate, but sales of $1.510 billion missed the $1.514 billion estimate. EPS decreased by 37.64% YoY, and sales decreased by 9.47% YoY.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:53 am

MSTR

MicroStrategy (NASDAQ:MSTR) plans to offer $500 million in convertible senior notes to institutional buyers, with an option for an additional $75 million. The proceeds will be used to acquire more Bitcoin and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:37 am

UEC

Uranium Energy Corp (UEC) has announced a significant increase in uranium resources at its Burke Hollow Project, tripling its Measured and Indicated resources. The updated S-K 1300 technical report confirms UEC's leading position in the US ISR uranium mining sector.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:33 am

BA

ITA

PPA

Boeing Co (NYSE:BA) has asserted its compliance with a 2021 agreement to avoid criminal prosecution after the 737 MAX crashes, countering a recent U.S. Justice Department finding. The Justice Department has until July 7 to decide on prosecutorial plans, which could include launching a criminal case or extending the deferred prosecution agreement. Boeing's stock has declined over 17% in the past year, and investors can gain exposure through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 10:26 am

TSLA

Tesla Inc (NASDAQ:TSLA) has deployed two of its humanoid robots, Optimus, to perform autonomous tasks at its factory. The company has made significant design revisions to Optimus and its robotic hand over the past two years. CEO Elon Musk envisions a future where humanoid robots outnumber humans. The Optimus bots are expected to handle unsafe, repetitive, or tedious tasks, with potential external sales starting by the end of 2025.

Portfolio Pulse from Anan Ashraf

June 13, 2024 | 10:17 am

ACIW

ACI Worldwide has announced a new share repurchase plan worth $400 million, which includes $65 million remaining from its existing authorization. In 2024, the company has already repurchased 3 million shares for $106 million.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:05 am

BITF

Bitfarms has projected a 2025 guidance of over 35 EH/s, supported by a site capable of 8 EH/s and a recent acquisition of 100 MW in Paraguay. The company is also exploring expansion opportunities in the Pennsylvania-New Jersey-Maryland interconnection region.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:04 am

TSLA

Tesla shares are up over 5% in premarket trading after Elon Musk confirmed that shareholders passed two key proposals: re-approving his 2018 compensation plan and relocating Tesla's incorporation to Texas. This removes a significant overhang on the stock, with further catalysts expected from upcoming quarterly updates and the robotaxi unveiling.

Portfolio Pulse from Shanthi Rexaline

June 13, 2024 | 10:03 am

VGK

Eurozone Industrial Production for April decreased by 0.1% month-over-month, missing the estimated increase of 0.1%. The previous month's figure was revised to a 0.5% increase.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:55 am