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SDIG

Stronghold Digital Mining (NASDAQ:SDIG) reported Q1 sales of $27.52M, missing the consensus estimate of $29.01M by 5.13%, but marking a 59.40% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:30 pm

BLNK

Blink Charging's stock is trading higher following the announcement that it has been chosen as the official electric vehicle charger and network services provider for the State of New York.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:25 pm

VERB

Verb Technology Company, Inc. (NASDAQ:VERB) has been granted a 6-month extension by Nasdaq to meet the minimum bid price requirement of $1.00. This extension, valid until October 28, 2024, comes after VERB demonstrated compliance with all other Nasdaq Capital Market listing requirements, except for the bid price. The company has significantly improved its financial position, with a notable increase in shareholder value and cash equivalents, and a reduction in notes payable. VERB's management has successfully recapitalized and restructured the company, positioning it for future success.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:25 pm

SDIG

Trading for SDIG was halted at 8:25:00 a.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:25 pm

CME

CME Group announced a record April Average Daily Volume (ADV) of 26.5 million contracts, marking a 33% increase over April 2023. This growth was seen across all asset classes, including interest rate, equity index, metals, FX, and options products, with a notable record in U.S. Treasury options.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:22 pm

MGM

Susquehanna analyst Joseph Stauff upgrades MGM Resorts Intl (NYSE:MGM) from Neutral to Positive and raises the price target from $46 to $54.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:21 pm

W

Wayfair's stock price increased following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:19 pm

AAPL

QQQ

SPY

Apple, Inc. (NASDAQ:AAPL) is set to announce its FY 2024 Q2 results amid expectations of a revenue decline and flat bottom-line performance compared to the previous year. The company faces challenges from a weak iPhone uptake, competition from Huawei, and a lackluster iPhone 15 upgrade cycle. Despite a 16% drop in shipments and a decrease in market share, analysts from Morgan Stanley and bullish analyst Daniel Ives predict slight improvements and emphasize the potential impact of an AI-driven iPhone 16. Upcoming events and the company's AI strategy could influence stock performance. Apple's stock has seen a 1.09% increase in premarket trading but has fallen 12% year-to-date, contrasting with gains by QQQ and SPY ETFs.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 12:19 pm

WOLF

Wolfspeed's shares dropped following disappointing Q3 revenue results. Additionally, TD Cowen downgraded the stock from Buy to Hold, and Mizuho reduced its price target from $30 to $27.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:19 pm

SILC

Silicom's Board of Directors has authorized a new one-year share buyback plan, allowing the company to invest up to $15 million to repurchase its ordinary shares. This plan will commence following the completion of the current $15 million buyback plan. The repurchase timing and volume will depend on market conditions and share price, with the plan offering flexibility in execution methods. The buyback will be funded from available working capital, without obligating Silicom to repurchase a specific number of shares.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:17 pm