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ACAD

ACADIA Pharmaceuticals shares are trading lower due to worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:24 pm

NRGV

Energy Vault Holdings' shares dropped following the announcement of disappointing Q1 financial results, indicating performance below market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:23 pm

BLK

IVV

SPY

VOO

Investors are shifting from the SPDR S&P 500 ETF Trust (SPY) to lower-cost alternatives like the Vanguard S&P 500 ETF (VOO) and iShares Core S&P 500 ETF (IVV), driven by significant differences in expense ratios. SPY experienced $28 billion in outflows, while VOO and IVV saw inflows of $33 billion and $14.53 billion, respectively. This trend highlights the impact of expense ratios on investor returns over time, suggesting that investors, especially those with large investments or long-term horizons, might benefit from switching to more cost-effective ETFs.

Portfolio Pulse from Piero Cingari

May 09, 2024 | 4:22 pm

UPST

Upstart Holdings shares are trading higher, rebounding after a recent fall due to Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:21 pm

RDVT

Red Violet shares are trading higher following the announcement of improved year-over-year Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:21 pm

ALGM

Allegro Microsystems' shares have declined in response to the company's fourth-quarter earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:20 pm

PLTK

Playtika's stock is trading higher following the announcement of a Q1 revenue beat and the authorization of a $150 million stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:19 pm

CTEC

SEDG

TAN

SolarEdge Technologies, Inc. (NASDAQ:SEDG) reported Q1 FY24 results with revenues of $204.4 million, surpassing consensus but marking a significant year-over-year decline, especially in the solar segment which dropped 79%. The company experienced a negative adjusted gross margin of (6.5)%, a substantial decrease from the previous year's positive margin of 32.6%, and an adjusted EPS loss of $(1.90), missing consensus estimates. Despite these challenges, CEO Zvi Lando remains optimistic about future revenue improvement and new product releases. SolarEdge's stock fell 6.78% following the announcement. The company's performance can also impact investors through Invesco Solar ETF (NYSE:TAN) and Global X CleanTech ETF (NASDAQ:CTEC), which include SEDG in their holdings.

Portfolio Pulse from Lekha Gupta

May 09, 2024 | 4:18 pm

REG

Regency Centers has acquired the Compo Shopping Centers in Westport, Connecticut, expanding its retail footprint to nearly 120,000-square feet with the combined operations of Compo I & II and the adjacent Compo Acres. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:18 pm

TIXT

TELUS International shares are trading lower due to a Q1 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:18 pm