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PETS

PetMed Express (NASDAQ:PETS) reported Q4 2024 GAAP EPS of $(0.25), missing the $(0.07) estimate by 257.14%. Sales were $66.504M, beating the $65.000M estimate by 2.31%. EPS decreased by 2400% from the same period last year, while sales increased by 6.56%.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:08 pm

HOOD

Robinhood Markets reported significant growth in key metrics for May 2024. Funded customers reached 24.1 million, up 120K from April and 960K year-over-year. Assets Under Custody (AUC) rose to $135 billion, a 9% increase from April and 65% year-over-year. Net Deposits were $3.6 billion in May, with a 35% annualized growth rate. Equity Notional Trading Volumes were $86.8 billion, up 23% from April and 76% year-over-year. Options Contracts Traded were 131.9 million, up 4% from April and 35% year-over-year. Crypto Notional Trading Volumes were $7.1 billion, down 30% from April but up 238% year-over-year. Margin balances were $4.5 billion, up 10% from April and 45% year-over-year. Total Cash Sweep balances were $20.3 billion, up 6% from April and 81% year-over-year. Total Securities Lending Revenue was $23 million, up 10% from April and 53% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:08 pm

MSFT

ORCL

Oracle shares are trading higher despite a Q4 miss. The company announced a partnership with Microsoft and OpenAI to extend the Microsoft Azure AI platform to Oracle Cloud Infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:07 pm

INST

Instructure Holdings Inc (NYSE:INST) shares are rising on above-average volume despite no specific news. The stock has gained momentum since early May due to positive Q1 results, upbeat Q2 guidance, and rumors of a potential sale by Thoma Bravo. CFO Peter Walker's recent comments on medium-term growth targets have also contributed to the stock's performance.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 8:07 pm

AMD

ARM

AVGO

INTC

NVDA

PLTR

SMH

TSM

The Biden administration is considering new restrictions on China's access to advanced AI chip technology, specifically targeting gate all-around (GAA) architecture and potentially high-bandwidth memory chips. This move aims to hinder China's AI development capabilities. Major semiconductor companies like Nvidia, Intel, AMD, and TSM could be impacted. The VanEck Semiconductor ETF (SMH) saw a slight decline, while stocks like Palantir, Arm Holdings, and Broadcom outperformed.

Portfolio Pulse from Piero Cingari

June 11, 2024 | 8:07 pm

RTO

Peltz's Trian Fund Management has reportedly acquired a stake in Rentokil, the owner of Terminix. This move could signal potential strategic changes or influence within the company.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:06 pm

ORCL

Oracle reported Q4 2024 adjusted EPS of $1.63, missing the analyst estimate of $1.65. Sales were $14.3 billion, also missing the $14.554 billion estimate. Despite the misses, sales increased by 3.35% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:05 pm

MSFT

ORCL

Oracle shares are trading higher following the announcement of a partnership with Microsoft and OpenAI to extend the Microsoft Azure AI platform to Oracle Cloud Infrastructure, providing additional capacity for OpenAI.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:04 pm

DELL

Whales have shown a bullish stance on Dell Technologies (NYSE:DELL) with significant options activity. 43% of trades were bullish, and 30% were bearish. The major market movers are focusing on a price range between $50.0 and $250.0. Analysts have mixed ratings, with a consensus target price of $152.6.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 8:02 pm

CMCSA

DKNG

The 2024 U.S. Open will be broadcast by Comcast Corporation across its platforms, including USA Network, NBC, and Peacock. DraftKings has released betting odds with Scottie Scheffler as the favorite. Key storylines include Scheffler's dominance, Tiger Woods' participation, and Phil Mickelson's quest for a career Grand Slam.

Portfolio Pulse from Chris Katje

June 11, 2024 | 8:02 pm