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IBIT

James Seyffart, an ETF analyst at Bloomberg Intelligence, discussed the performance of Bitcoin ETFs, particularly highlighting the success of BlackRock's iShares Bitcoin Trust (IBIT) as one of the best launches in history with $12-13 billion in inflows since January 11. However, inflows have begun to stagnate, with IBIT experiencing its first day without an inflow after a 72-day streak. Seyffart was skeptical about the launch of an Ethereum ETF before 2025, citing regulatory delays. He also mentioned the potential impact of retirement accounts and institutional investors on Bitcoin ETFs and touched on the upcoming Hong Kong ETFs offering Bitcoin and Ethereum spot ETFs.

Portfolio Pulse from Ivan Crnogatić

April 30, 2024 | 10:55 am

TKR

Timken (NYSE:TKR) reported Q1 2024 adjusted EPS of $1.77, surpassing the $1.51 estimate, but its sales of $1.190B missed the $1.150B estimate, marking a 100% decrease from $1.263B in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:53 am

LLY

Eli Lilly has updated its 2024 adjusted EPS guidance to $13.50-$14.00, significantly higher than its previous forecast of $12.20-$12.70 and above the consensus estimate of $12.46.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:50 am

LLY

Eli Lilly's stock price increased following the company's announcement of raised revenue guidance for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:49 am

MOS

Mosaic shares are trading higher following the announcement of a share purchase and subscription agreement with Saudi Arabian mining company Ma'aden.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:48 am

THC

Tenet Healthcare (NYSE:THC) reported Q1 2024 adjusted EPS of $3.22, surpassing the $1.43 estimate, and sales of $5.368B, exceeding the $5.152B estimate. This represents a significant increase in earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:47 am

GEHC

GE HealthCare's stock traded lower due to a miss in Q1 earnings expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:47 am

EAT

Brinker International (NYSE:EAT) reported Q3 2024 adjusted EPS of $1.24, surpassing the $1.15 estimate, with a 0.81% increase over the previous year. Sales reached $1.120B, meeting estimates and marking a 3.42% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:46 am

LLY

Eli Lilly reported Q1 2024 adjusted EPS of $2.58, surpassing the $2.46 estimate, marking a 59.26% increase from last year. However, their sales of $8.768B fell short of the $8.922B estimate, despite being a 25.98% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:46 am

ZBRA

Zebra Technologies' shares surged following the announcement of Q1 results surpassing expectations, along with an optimistic update on FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:46 am