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EFSH

1847 Holdings (AMEX:EFSH) reported a significant increase in Q4 sales, reaching $15.10 million, up 59.08% from $9.49 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:00 pm

SBFMW

Trading halt status was updated at 9:00:00 AM ET, including details on quotation resumption, news, and resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:00 pm

LLY

Eli Lilly's tirzepatide, initially known for weight loss, has shown effectiveness in treating obstructive sleep apnea (OSA) in late-stage SURMOUNT-OSA phase 3 trials. The drug significantly reduced the apnea-hypopnea index (AHI) compared to placebo, meeting primary endpoints. It also led to substantial body weight reduction. Lilly plans to submit these findings to the FDA and other global regulatory bodies. Following this news, LLY shares rose 2.58% in premarket trading.

Portfolio Pulse from Vandana Singh

April 17, 2024 | 12:59 pm

PXMD

PaxMedica (PXMD) shares surged following an emergency request from the Ministry of Health of Malawi for access to IV suramin, indicating strong international interest in the company's product.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:59 pm

MCHI

Chinese exporters at the Canton Fair are facing challenges despite China's 5.3% economic growth in Q1, including a decline in exports and producer prices. Increased economic and political tensions with the U.S., global trade slowdowns, and manufacturing overcapacity are key issues. Some sectors, like high-tech, remain optimistic due to government support. Trade tensions could worsen with potential U.S. tariffs and blacklisting of Chinese companies. The iShares MSCI China ETF (MCHI) saw a 1.02% dip.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 12:58 pm

SBFM

Trading for SBFM was halted and then resumed at 8:55 AM ET, following an update on its status. The halt was due to the need for a quotation resumption, which indicates a temporary pause in trading to ensure fair and orderly market activity.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:55 pm

AAL

DAL

JBLU

LUV

SAVE

UAL

Airline stocks, including United Airlines (UAL), American Airlines (AAL), Delta Air Lines (DAL), Southwest Airlines (LUV), JetBlue Airways (JBLU), and Spirit Airlines (SAVE), saw an uptick Wednesday following United Airlines' better-than-expected financial results for the first quarter. United Airlines reported a revenue of $12.539 billion, surpassing the consensus estimate of $12.4 billion, and an adjusted quarterly loss of 15 cents per share, beating analyst estimates for a loss of 57 cents per share. The company also reiterated its full-year 2024 earnings expectations and updated its aircraft delivery schedule.

Portfolio Pulse from Adam Eckert

April 17, 2024 | 12:53 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher in the premarket session after the company announced it has been designated as an 'Awardable' vendor for the Chief Digital and Artificial Intelligence Office's (CDAO) Tradewinds Solutions Marketplace. This designation allows the Department of Defense to access two of Palantir's product offerings, including its AI Mission Command Capability and Predictive Maintenance & Precision Sustainment Suite, through the Marketplace to support critical missions.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 12:52 pm

BA

UAL

United Airlines Holdings Inc (NASDAQ:UAL) shares rose after reporting Q1 results surpassing estimates with $12.539 billion in revenue and a loss of 15 cents per share. Capacity increased by 9.1% year-over-year, with slight improvements in TRASM and CASM. United ended the quarter with $16.9 billion in liquidity and adjusted its fleet plan, converting Boeing Max 10 orders to Max 9 and intending to lease 35 Airbus A321neos. The company reaffirmed its full-year 2024 earnings outlook.

Portfolio Pulse from Adam Eckert

April 17, 2024 | 12:50 pm

GS

IYF

JPM

MS

WFC

Jim Cramer praised the earnings reports of Goldman Sachs (GS), Morgan Stanley (MS), and Wells Fargo (WFC), highlighting their fee income generation over net interest income. This comes amid a high Fed funds rate environment, beneficial for net interest income but challenging for banks. Goldman Sachs reported a significant increase in non-interest revenue, while JPMorgan Chase, despite a double beat in earnings, did not impress Cramer. The iShares U.S. Financials ETF (IYF) saw a decrease in its last session.

Portfolio Pulse from Shanthi Rexaline

April 17, 2024 | 12:48 pm