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VIAV

Viavi Solutions has launched its altGNSSSM GEO SecureTimeSM services, which provide nanoseconds-accurate UTC timing via L-band and Ku-band satellite signals for critical infrastructure.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:37 am

AAP

Advance Auto Parts shares are trading higher following a Q1 EPS beat.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:34 am

AAP

Advance Auto Parts (NYSE:AAP) reported Q1 2024 earnings per share (EPS) of $0.67, beating the analyst estimate of $0.64. However, sales of $3.406 billion missed the estimate of $3.425 billion. Both EPS and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:32 am

AAL

DAL

UAL

American Airlines (AAL) shares are trading lower after the company lowered its earnings and operating margin forecasts. This has also impacted shares of United Airlines (UAL) and Delta Air Lines (DAL). United Airlines reiterated its outlook, while American Airlines is undergoing a strategic shift and leadership changes.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 10:27 am

SSNLF

Samsung Electronics' union in South Korea has declared its first-ever strike, demanding higher wages and fair treatment. The strike is set to take place on June 7 and is expected to impact all of Samsung's sites in South Korea. This comes at a challenging time for Samsung, which is facing issues with its AI chips and increased competition from SK Hynix.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 10:20 am

BMO

Bank of Montreal (NYSE:BMO) reported Q2 2024 earnings of C$2.59 per share, missing the analyst estimate of C$2.77. Sales were C$7.988 billion, also below the C$8.046 billion estimate. Earnings decreased by 10.38% year-over-year, while sales increased by 2.82%.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:05 am

CPB

Campbell Soup Company (NYSE:CPB) announced a strategic revamp of its supply chain, including the closure of the Tualatin plant and changes at the Jeffersonville plant, impacting 415 jobs. The company will invest $230 million in newer facilities, creating 210 new roles. CPB shares closed 2.47% lower at $44.22.

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 9:59 am

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Nvidia Corp. (NASDAQ:NVDA) shares surged, boosting its market cap to over $2.8 trillion. Fund manager Louis Navellier highlighted Nvidia's significant gains and its role as a leader in AI. The 'Fantastic 5' tech giants, including Nvidia, Meta Platforms, Microsoft, Amazon, and Alphabet, have reached unprecedented valuations due to the AI boom. Despite Nvidia's high valuation, Navellier does not see it as a bubble, citing strong earnings growth. Nvidia's forward P/E ratio is 41.49, lower than Tesla's 71.94. Nvidia fell 0.69% in premarket trading on Wednesday.

Portfolio Pulse from Shanthi Rexaline

May 29, 2024 | 9:44 am

ARWR

Arrowhead Pharmaceuticals announced positive results from the Phase 2b Arches-2 study of Zodasiran in patients with mixed hyperlipidemia.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:42 am

HRTS

LLY

NVO

The global market for weight-loss drugs is projected to reach $150 billion by the early 2030s, driven by increased supply and demand for medications from Novo Nordisk and Eli Lilly. Despite limited insurance coverage, consumer demand remains high, with significant out-of-pocket spending. The market is expected to grow at an annual rate of 27%, potentially higher with expanded insurance coverage.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 9:37 am