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HOOD

JPMorgan analysts believe the SEC's scrutiny of Robinhood (NASDAQ:HOOD) over its crypto operations won't affect the approval of spot Ethereum ETFs. Despite Robinhood facing a Wells notice for potential enforcement related to cryptocurrency trading, the analysts see a path for Ethereum ETFs similar to Bitcoin's, possibly facing legal challenges but ultimately gaining approval. The market's reaction has been muted, with Grayscale shifting focus towards converting its Ethereum trust into a spot ETF, anticipating regulatory decisions by May 23.

Portfolio Pulse from Murtuza Merchant

May 09, 2024 | 11:42 am

EQIX

Equinix shares are trading higher following the release of their Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:42 am

MSGE

Madison Square Garden (MSGE) reported Q3 2024 earnings of $0.06 per share, beating estimates of $(0.12), but sales of $228.313M missed estimates of $324.634M. Earnings decreased by 85.71% from the same period last year, while sales increased by 13.46%.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:41 am

H

Hyatt Hotels' shares declined after the company reported earnings for the first quarter that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:41 am

FOXA

B of A Securities analyst Jessica Reif Ehrlich upgrades Fox Corporation (NASDAQ:FOXA) from Neutral to Buy and increases the price target from $34 to $40.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:41 am

SPH

Suburban Propane Partners (NYSE:SPH) reported Q2 2024 earnings of $1.63 per share, missing the $1.89 estimate, with sales of $498.09M also missing the $511.00M estimate, marking a 5.40% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:41 am

WMG

Warner Music Group's shares have declined after the company reported its second-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:41 am

DOX

Amdocs (DOX) shares are trading lower after the company reported its Q2 earnings, indicating a negative market reaction to the financial results.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:40 am

EPAM

EPAM Systems shares are trading lower following the company's announcement of lowered revenue guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:40 am

TSLA

Tesla Inc (NASDAQ:TSLA) is experiencing a significant inventory buildup in Europe, as satellite images reveal thousands of Teslas parked at the Neuhardenberg airfield near Berlin, likely unsold vehicles from the Berlin Gigafactory. This situation highlights a broader slowdown in the EV market, with Tesla's global vehicle inventory increasing by 87% to 28 days of supply in Q1, as global deliveries fell by 8.5% year-on-year to 386,810 vehicles. Tesla's financials have been impacted, with Q1 revenue dropping to $21.3 billion from $23.33 billion a year earlier, and net profit decreasing by 55% to $1.13 billion. Tesla's stock has also been affected, closing 1.7% lower on a recent Wednesday and down nearly 30% year-to-date.

Portfolio Pulse from Anan Ashraf

May 09, 2024 | 11:39 am