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HAP

HJEN

SHEL

Shell expects its Australian LNG supplies to meet rising demand in south and southeast Asia, driven by decarbonization and declining domestic production. Key markets include the Philippines, Thailand, Vietnam, and Bangladesh. Asian spot LNG prices have surged due to hot weather. Shell's stock has gained 18% in the last 12 months.

Portfolio Pulse from Lekha Gupta

May 22, 2024 | 4:58 pm

URBN

Urban Outfitters (NASDAQ: URBN) reported better-than-expected Q1 results, with adjusted earnings of 69 cents per share and 5% same-store sales growth. Despite this, the stock fell 3.97% in early trading. Analysts from JPMorgan, Telsey, and BMO Capital Markets provided mixed ratings and price targets, citing factors like gross margin expansion and markdown pressures.

Portfolio Pulse from Priya Nigam

May 22, 2024 | 4:52 pm

WKME

WalkMe shares are trading higher after the company reported better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:51 pm

MRMD

MariMed (OTC:MRMD), a multi-state cannabis operator, is positioned for significant stock gains due to strategic growth plans and the anticipated rescheduling of cannabis. The company reported strong first-quarter 2024 results and stands to benefit from substantial tax savings. Expansion plans in Illinois, Maryland, and Massachusetts are expected to drive future growth.

Portfolio Pulse from Nicolás Jose Rodriguez

May 22, 2024 | 4:50 pm

CAAP

Corporacion America (NYSE:CAAP) reported strong Q1 earnings, with EPS of $0.95 beating the $0.41 estimate and sales of $433.05M surpassing the $428.44M estimate. This represents a significant year-over-year increase in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:48 pm

TSLA

Tesla shares are trading lower due to a decline in the company's Europe registrations in April.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:48 pm

PFE

Pfizer announced a multi-year program starting in Q2 2024 aimed at reducing its cost of goods sold, with the first phase expected to deliver $1.5 billion in savings by the end of 2027. The program will incur one-time costs of $1.7 billion, primarily recorded in 2024, with cash outlays in 2025 and 2026.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:43 pm

BCDA

BioCardia shares are trading lower following the company's announcement of a reverse stock split at a ratio of 1 post-split share for every 15 pre-split shares.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:40 pm

XPEV

Goldman Sachs analyst Tina Hou reiterated a Buy rating on XPeng Inc. (NYSE:XPEV) with a price forecast of $11.50. XPeng reported fiscal first-quarter sales growth of 62.3% year-on-year, beating analyst estimates. The company's adjusted net loss per ADS also beat expectations. The analyst expects the G6 model launch to drive vehicle delivery volume and margin improvements. XPeng's strong R&D focus and leading position in NOA could provide further revenue growth and margin improvement.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 4:39 pm

THAR

Tharimmune shares are trading lower following the company's announcement of a 1-for-15 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:38 pm