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DLTNF

Delta 9 Cannabis Inc. reported a slight decrease in Q1 2024 revenue but saw a 10% increase in gross profit. Despite operational losses, the company achieved a positive adjusted EBITDA. Shares traded slightly higher post-announcement.

Portfolio Pulse from Jelena Martinovic

May 16, 2024 | 12:41 pm

FDIS

TSLA

XLY

Tesla Inc. (NASDAQ:TSLA) is facing a proposed class-action lawsuit alleging it misled consumers about its self-driving capabilities. The lawsuit claims Tesla falsely stated in 2016 that its cars would have full self-driving hardware. Judge Rita Lin allowed several fraud and negligence claims to proceed. Tesla is also under federal investigation for potential defects in its Autopilot system. Tesla stock has gained over 4% in the last 12 months but closed 2.01% lower recently. Investors can gain exposure to Tesla via ETFs like XLY and FDIS.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 12:40 pm

UA

UAA

Under Armour Inc (NYSE:UAA) (NYSE:UA) shares are plunging after the company declared gloomy guidance. The company reported a 4.9% decline in Q4 FY24 sales, with wholesale revenue down 7% and direct-to-consumer revenue flat. Apparel, footwear, and accessories revenues also declined. Despite beating EPS estimates, the company incurred an operating loss and provided a weak FY25 outlook, leading to an 8.8% drop in premarket trading.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 12:40 pm

LMFA

LM Funding America shares are trading higher following better-than-expected Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:40 pm

MPW

Medical Properties Trust (MPW) has delayed the filing of its Form 10-Q and received a non-compliance notice from the NYSE. This could lead to increased volatility and investor concern regarding the company's financial health.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:40 pm

GAME

GameSquare shares are trading higher following the announcement of the formation of FaZe Media.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:35 pm

BIDU

IQ

PGJ

SOCL

Baidu, Inc. (NASDAQ: BIDU) reported better-than-expected Q1 2024 earnings, with revenue and EPS beating analyst estimates. Baidu's Core revenue and AI Cloud business showed growth, while revenue from IQIYI, Inc. (NASDAQ: IQ) decreased but still beat expectations. Baidu's stock has lost 17% over the last year but traded higher by 2.03% in the premarket session.

Portfolio Pulse from Anusuya Lahiri

May 16, 2024 | 12:34 pm

SPIR

Spire Global, Inc. (NYSE:SPIR) reported mixed Q1 results, with an adjusted loss per share better than expected but revenue missing estimates. The company lowered its FY24 revenue and EPS outlook, leading to a 6.8% drop in share price. Analysts from Baird and Stifel cut their price targets but maintained positive ratings.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 12:34 pm

LMFA

LM Funding America (NASDAQ:LMFA) reported Q1 2024 adjusted EPS of $0.61, significantly beating the analyst estimate of $(0.57). The company also reported sales of $4.75 million, surpassing the $4.70 million estimate and marking a 105.14% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:34 pm

BRK

CB

Warren Buffett's Berkshire Hathaway has acquired nearly 26 million shares of Chubb Ltd, making it Berkshire's ninth-largest holding. This move comes amid significant challenges in the insurance industry due to climate change. Despite these challenges, Buffett's investment indicates confidence in Chubb's long-term prospects.

Portfolio Pulse from Surbhi Jain

May 16, 2024 | 12:33 pm