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NBY

NovaBay Pharmaceuticals shares are trading higher following the announcement of a year-over-year increase in preliminary Q1 net revenue results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:50 am

OTRK

Ontrak shares are trading lower following the announcement of worse-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:48 am

SPEC

Spectaire Holdings (SPEC) shares are trading higher following the announcement of a distribution partnership agreement with a Fortune 1000 Energy Company. This partnership is expected to enhance Spectaire's market presence and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:47 am

URBN

Urban Outfitters' stock price is trading lower following a downgrade by Jefferies from Hold to Underperform.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:44 am

V

Baird analyst David Koning has maintained an Outperform rating on Visa (NYSE:V) and increased the price target from $314 to $320, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:43 am

TRV

The Travelers Companies' shares have declined after the company reported its first-quarter earnings. The report suggests that the earnings did not meet market expectations, leading to a decrease in stock price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:42 am

INVO

INVO BioScience shares surged following the announcement of a year-over-year increase in Q4 revenue results. The company also reaffirmed its target of achieving break-even or profitability within its current operations by 2024.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:40 am

LVMHF

LVMUY

LVMH-Moet Hennessy Louis Vuitton reported a 2% decline in Q1 FY24 revenue to €20.7 billion, with organic revenue growth at 3%. The Wines & Spirits segment saw a 16% revenue decline, while Fashion & Leather Goods grew by 2% organically. Perfumes & Cosmetics and Selective Retailing recorded 7% and 11% organic growth, respectively. Strong growth was noted in North America, Europe, the Middle East, and Japan, particularly from Chinese spending in Europe and Japan. LVMHF shares closed up 1.58% at $855.05.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 11:40 am

BTCUSD

The upcoming Bitcoin halving, scheduled for around April 20, is anticipated to significantly impact the cryptocurrency market. This event, which halves the reward for mining new Bitcoin, is seen as a deflationary mechanism that could mimic the scarcity of precious metals. Experts predict a potential price increase post-halving, with Europe showing a marked increase in interest. Opinions on the short-term market impact vary, with some experts suggesting a bullish outlook due to demand and supply dynamics, while others caution that immediate effects may already be priced in.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 11:39 am

SAGE

Sage Therapeutics announced topline results from its Phase 2 PRECEDENT study of dalzanemdor for treating mild cognitive impairment in Parkinson's Disease, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:38 am