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EAT

Brinker International, Inc. (EAT) shares surged following the announcement of impressive third-quarter financial results and an upward revision of its fiscal year 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:29 am

STLA

TSLA

Stellantis N.V. (NYSE:STLA) reported a 12% decline in Q1 revenue to $44.6 billion, missing expectations due to volume, mix, and foreign exchange challenges. Shipments fell by 10%, while BEV and LEV sales rose by 8% and 13%, respectively. The company plans to launch 25 new models in 2024, with four already introduced. A €3 billion share buyback and a 16% dividend increase were confirmed. The revenue dip was partly due to a UAW strike impacting 2023 earnings. Tesla Inc. also reported a 9% drop in Q1 revenue to $21.0 billion, missing estimates.

Portfolio Pulse from Pooja Rajkumari

April 30, 2024 | 11:28 am

THC

Tenet Healthcare's shares surged following the announcement of better-than-expected Q1 earnings and the issuance of strong future guidance.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:26 am

CHGG

Chegg's shares dropped following its Q1 financial results announcement and lower-than-expected Q1 revenue guidance. Piper Sandler maintained an Underweight rating on Chegg and reduced the price target from $8.5 to $6.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:26 am

SIRI

Sirius XM Holdings shares are trading higher after reporting Q1 earnings that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:25 am

GLW

Corning's shares have seen an increase following the announcement of their Q1 earnings, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:25 am

CHGG

Chegg issued its Q1 guidance on Monday, projecting total net revenues to be between $159M and $161M, which is below the estimated $173.58M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:24 am

ARKB

GBTC

IBIT

Bitcoin ETFs experienced significant outflows, with ARKB and GBTC leading the trend with $31.34 million and $24.66 million in outflows respectively. The total net outflow reached $51.53 million on Monday, continuing a three-week trend totaling $435 million in outflows. BlackRock's iShares Bitcoin Trust (IBIT) remained stagnant. The U.S. saw the majority of these outflows, with Grayscale's GBTC accounting for $440 million. Despite this, inflows for the year hit a record $13.6 billion. Altcoins like Solana, Litecoin, and Chainlink saw inflows, indicating a diversification in investor interest.

Portfolio Pulse from Murtuza Merchant

April 30, 2024 | 11:20 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) experienced a significant stock surge, increasing by $25.76 or 15.31%, closing at $194.05. The rise was humorously celebrated by Elon Musk and investor Sawyer Merritt, referencing critic Gordon Johnson's low price target. Despite the surge, Johnson remains skeptical, particularly about Tesla's advancements in China and the challenges of data localization and U.S. restrictions on NVDA chip shipments.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 11:20 am

TREE

LendingTree reported Q1 2024 adjusted EPS of $0.70, surpassing the $0.37 estimate, with sales of $167.8M also beating the $162.773M estimate. This represents a significant earnings increase and a sales decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:16 am