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LVS

Las Vegas Sands Corp. (NYSE:LVS) reported Q1 financial results surpassing analyst expectations with adjusted earnings of 75 cents per share and quarterly sales of $2.96 billion, indicating a significant year-over-year growth. The company highlighted strong performance in Singapore and Macao, with substantial unrestricted cash and available credit. CEO Robert G. Goldstein expressed optimism for future growth in these markets.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 8:24 pm

EFX

Equifax shares dropped following the announcement of Q1 sales results that fell short of expectations. The company also provided Q2 and FY24 adjusted EPS and revenue guidance that was below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:19 pm

ACAD

Acadia Pharmaceuticals Inc. (NASDAQ:ACAD) announced its participation in the 2024 American Academy of Neurology Annual Meeting in Denver, CO, presenting new clinical data on DAYBUE™ (trofinetide) for Rett syndrome. The data includes outcomes from the DAFFODIL™ Phase 2/3 study and caregiver interviews from multiple studies on Rett syndrome treatment with trofinetide. Rett syndrome, a rare neurodevelopmental disorder affecting 5,000-9,000 U.S. patients, shows potential treatment benefits from DAYBUE™, which aims to enhance neuronal synaptic function.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:19 pm

CCI

Crown Castle (NYSE:CCI) reported Q1 AFFO per share of $1.72, meeting analyst expectations, and sales of $1.64B, slightly above the $1.63B estimate. This represents a 9.95% decrease in earnings and a 7.45% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:18 pm

REXR

Rexford Industrial Realty (REXR) reported Q1 core FFO of $0.58 per share, surpassing the $0.57 estimate, marking an 11.54% increase from last year. However, their sales of $210.99M slightly missed the $211.56M estimate, yet showed a 13.95% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:17 pm

BNO

USO

Venezuela's Oil Minister has stated that US sanctions will not have an impact on the country's oil industry, according to Bloomberg. This statement comes amid ongoing tensions between Venezuela and the United States, with the US imposing sanctions as a means to pressure Venezuela on various fronts, including its oil exports.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:16 pm

MRK

High-rolling investors have shown a bullish sentiment on Merck & Co (NYSE:MRK) through recent options trades, with a notable split of 62% bullish and 37% bearish. Benzinga's tracking revealed 8 significant options trades, indicating a price target range of $105.0 to $135.0 for MRK. The company's stock is slightly up by 0.25%, with a current price of $125.37, and is potentially approaching overbought territory. Analyst ratings for MRK have a consensus target price of $138.0, with varying opinions from major financial firms.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:15 pm

BTGUSD

Bitcoin Gold (BTG) is trading lower by 6.2% at $31.17, influenced by a broader market downturn led by a decline in Bitcoin's price. The drop reflects a common trend where altcoins follow Bitcoin's price movements, with speculative trading exacerbating the volatility. The impact of Bitcoin as an institutional asset will be discussed at Benzinga's Future of Digital Assets event.

Portfolio Pulse from Henry Khederian

April 17, 2024 | 8:15 pm

BHVN

Biohaven Ltd. (NYSE:BHVN) has initiated a public offering of $200 million of its common shares, with an option for the underwriter to purchase an additional $30 million. The proceeds are intended for general corporate purposes. J.P. Morgan Securities LLC is the book-running manager.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:15 pm

BAC

C

CFG

KRE

PNC

USB

WFC

XLF

Investor reactions to U.S. bank Q1 earnings have been mixed, with some stocks declining and others gaining. Citigroup, Wells Fargo, Bank of America, PNC Financial, Citizens Financial Group, and U.S. Bancorp reported varying results, impacting their stock prices differently. The SPDR Financial Select Sector ETF and the SPDR S&P Regional Banking ETF have seen declines. JPMorgan Chase analysts predict a challenging quarter ahead for banks, with a decline in net interest income and weak loan performance. The focus is on banks' ability to reduce deposit costs amid potential Federal Reserve rate cuts.

Portfolio Pulse from Surbhi Jain

April 17, 2024 | 8:15 pm