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XXII

22nd Century Group reported Q1 2024 GAAP EPS of $(1.72), which is not comparable to the $(5.28) estimate. The company's sales were $6.469 million, missing the $7.857 million estimate.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:05 am

MYTE

MYT Netherlands Parent (NYSE:MYTE) reported Q3 sales of €233.900 million, surpassing the analyst consensus estimate of €230.900 million by 1.30%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:04 am

FDIS

NKE

VCR

Nike's Converse brand is cutting jobs as part of Nike's $2 billion cost-saving plan, which includes a 2% reduction in its global workforce. The layoffs are part of a broader strategy to reduce expenses and realign teams for future growth. Nike reported strong third-quarter revenue and earnings, but its stock has declined over the past year.

Portfolio Pulse from Shivani Kumaresan

May 15, 2024 | 9:55 am

AMC

BBY

GME

Jim Cramer advises against investing in meme stocks like GameStop (GME) and AMC Entertainment (AMC), citing overvaluation and potential share dilution. He suggests selling GameStop due to its inflated market cap and recommends caution with AMC due to its heavy debt burden.

Portfolio Pulse from Shanthi Rexaline

May 15, 2024 | 9:38 am

FXI

META

PINS

SNAP

SPY

Frank McCourt is organizing a bid to acquire TikTok's U.S. operations, as reported by the Wall Street Journal. This move could have significant implications for social media companies and ETFs with exposure to the tech sector.

Portfolio Pulse from Charles Gross

May 15, 2024 | 9:28 am

VGK

Eurozone Industrial Production for March increased by 0.6%, surpassing the estimated 0.5% but lower than the revised 1.0% for the previous month.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 9:27 am

VGK

The Eurozone's preliminary GDP for Q1 met expectations at 0.4%, showing an improvement from the prior quarter's 0.1%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 9:27 am

VGK

The Eurozone's Gross Domestic Product (GDP) for Q1 grew by 0.3% year-over-year, matching the estimated growth and improving from the previous quarter's -0.1% contraction.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 9:27 am

AMC

GME

KOSS

TUP

Meme stocks like GameStop (GME), AMC Entertainment (AMC), Koss Corporation (KOSS), and Tupperware Brands (TUP) are experiencing significant price surges driven by social media activity, particularly posts by 'Roaring Kitty' Keith Gill. Despite the gains, these stocks have not reached their 2021 highs. Experts are debating the driving forces behind this resurgence, with some suggesting it is more of a craze than a movement.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 9:18 am

IMMP

Immutep Limited announced positive data from the safety lead-in phase of the AIPAC-003 trial, showing a complete response in a metastatic breast cancer patient using a combination of 90mg efti and paclitaxel.

Portfolio Pulse from Charles Gross

May 15, 2024 | 9:17 am