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BYDDF

TSLA

BYD Co. (OTC:BYDDF) is set to launch its budget-friendly Seagull EV in Europe, challenging local automakers with a sub-$21K price tag. The move intensifies competition in the EV market, particularly affecting Tesla (NASDAQ:TSLA) and other European manufacturers.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 6:50 am

NSANY

Nissan Motor Co (OTC:NSANY) has paused its plans for two electric sedans in the U.S. while expanding its EV lineup to five vehicles, focusing on SUVs due to changing market trends. The company aims to introduce 30 new models by 2026, with 16 being electrified, to boost global sales and profitability.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 6:35 am

ABUS

Arbutus Biopharma announced the presentation of data on its drug imdusiran at the EASL Congress 2024. Key findings include a significant percentage of subjects achieving HBsAg ≤ LLOQ with detectable anti-HBs after receiving 4 or 6 doses of imdusiran plus 24 weeks of IFN. The study is ongoing, with more data to be presented.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:29 am

AAPL

AMD

NVDA

Renowned investor Steve Eisman, known for his role in 'The Big Short,' has identified Apple Inc. (AAPL) as a major player in the AI market, suggesting it could see substantial gains from AI-driven apps. Eisman also highlighted Nvidia (NVDA) and Advanced Micro Devices (AMD) as obvious AI investment opportunities.

Portfolio Pulse from Benzinga Advisor

May 22, 2024 | 6:23 am

WSM

Williams-Sonoma (NYSE:WSM) is expected to report higher Q1 earnings, with analysts projecting $2.68 per share and $1.65 billion in revenue. Recent analyst ratings have been mostly positive, with several raising their price targets.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 6:22 am

GOGL

Golden Ocean Group (NASDAQ:GOGL) reported strong Q1 2024 results with adjusted EPS of $0.29, beating the $0.24 estimate, and sales of $246.735 million, surpassing the $188.125 million estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:15 am

NVDA

TGT

TOL

URBN

WSM

Key stocks to watch on Wednesday include NVIDIA, Urban Outfitters, Williams-Sonoma, Toll Brothers, and Target. NVIDIA is expected to report strong earnings, Urban Outfitters beat estimates, Williams-Sonoma and Target are set to release earnings, and Toll Brothers raised its FY24 forecast.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 5:55 am

EVO

Evotec (NASDAQ:EVO) reported Q1 earnings per share (EPS) of $(0.07), beating the analyst estimate of $(0.10) by 35%. Sales were $226.69M, surpassing the $222.57M estimate. Despite the beats, both EPS and sales showed declines compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:48 am

BBJP

DXJ

EWJ

Japan's trade balance for April was reported at -462.5 billion yen, significantly worse than the estimated -339.5 billion yen and the prior month's 366.5 billion yen surplus.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:55 am

BBJP

DXJ

EWJ

Japan's exports for April grew by 8.3% year-over-year, falling short of the estimated 11.1% and slightly above the prior month's 7.3%.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:54 am