Streetbeat News

Stock Prices

HRB

RBLX

TSLA

UBER

USFD

The Dow Jones rose for the sixth consecutive session amid mixed U.S. stock performance and a slight improvement in market sentiment according to the CNN Money Fear and Greed index. Uber Technologies and Tesla saw significant share price declines due to disappointing financial results and legal scrutiny, respectively. The S&P 500 and Nasdaq Composite experienced minor losses, with certain sectors like utilities and financials outperforming. Investors are looking forward to earnings results from H&R Block, US Foods Holding, and Roblox Corporation.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 6:36 am

GM

General Motors (NYSE:GM) is discontinuing the gasoline-powered Chevrolet Malibu to focus on electric vehicles (EVs), with plans to invest $390 million in its Kansas assembly plant for the next-generation Chevrolet Bolt EVs. The shift reflects GM's broader strategy towards EVs and crossovers, despite a temporary production halt of the Cadillac XT4 and concerns from dealers about the exclusive focus on fully electric cars. GM reported a 7.6% sales growth in Q1 2024, beating estimates and raising its FY24 earnings outlook.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 6:32 am

ICL

ICL Group reported Q1 2024 earnings of $0.09 per share, meeting analyst estimates but marking a 60.87% decrease from the previous year. Sales were $1.735B, missing estimates by 0.95% and showing an 18.01% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:26 am

BAK

Braskem reported Q1 sales of $3.618 billion, a decrease of 3.34% from $3.743 billion YoY. The company also reported a net loss of $273 million, down from a net income of $35 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:20 am

BYND

HRB

RBLX

USFD

ZI

Roblox, Beyond Meat, ZoomInfo Technologies, US Foods Holding, and H&R Block are stocks to watch due to earnings reports and financial results. Roblox is expected to report a quarterly loss, ZoomInfo reported strong Q1 results but weak Q2 guidance, US Foods is anticipated to post earnings, Beyond Meat reported a wider loss than expected, and H&R Block is expected to report earnings.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 6:18 am

TSLA

Elon Musk announced that the next update of Tesla's Full Self-Driving (FSD) software, version 12.4, will remove the steering wheel nag that users have complained about. This nag prompts drivers to apply pressure to the steering wheel when using autopilot or FSD features and has been criticized for difficulty in recognizing hands on the wheel. Musk mentioned that the update, which includes retrained models for better comfort and handling, is expected to roll out next week.

Portfolio Pulse from Anan Ashraf

May 09, 2024 | 6:15 am

ARGX

argenx (NASDAQ:ARGX) reported Q1 2024 earnings with a GAAP EPS of $(0.52), surpassing the $(0.74) estimate, marking a 29.73% beat and a 50% improvement from last year's $(1.04) per share. However, their sales of $398.283M fell short of the $405.776M estimate by 1.85%, despite being an 82.68% increase from the previous year's $218.022M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:06 am

MSFT

Microsoft Corp. (NASDAQ:MSFT) has entered into a $10 million deal with U.K.-based Informa to access its data, aiming to enhance its AI capabilities. The agreement, running from 2024 to 2027, is expected to improve Informa's operational performance and align with its revenue and profit guidance. This partnership is part of Microsoft's broader strategy to invest in AI, including a $3.3 billion AI data center and new AI models to compete with Google and OpenAI. Microsoft's stock saw a slight increase following the announcement.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 5:54 am

FVRR

Fiverr International reported Q1 2024 adjusted EPS of $0.52, surpassing the $0.44 estimate, and sales of $93.524M, exceeding the $92.417M estimate. This represents a 44.44% increase in EPS and a 6.33% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:52 am

TNK

Teekay Tankers (NYSE:TNK) reported Q1 2024 adjusted EPS of $3.86, surpassing the $3.73 estimate, with sales of $338.343M exceeding the $221.550M forecast. Despite beating estimates, both earnings and sales saw a decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:50 am