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NB

NioCorp Developments has announced its decision to voluntarily delist its common shares from the Toronto Stock Exchange, as approved by its Board of Directors. This move will likely impact the company's visibility and liquidity in the Canadian market.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:06 am

CFG

Citizens Financial Group has reaffirmed its comfort with the full-year guidance previously provided and expressed optimism about its medium-term prospects. This indicates a stable financial outlook and potential growth in the coming years.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:03 am

BAC

HSBC

MS

UBS

Morgan Stanley (NYSE:MS) is set to reduce its workforce in the Asia-Pacific region, cutting around 50 jobs, mainly in Hong Kong and China, which is about 13% of its regional bankers. This decision is attributed to declining revenues in Asia, especially in China due to economic challenges. Despite a global revenue increase, Morgan Stanley's net revenue from Asia fell by 12% in the first quarter. Other financial institutions like HSBC Holdings Plc (NYSE:HSBC), UBS Group AG (NYSE:UBS), and Bank of America Corp (NYSE:BAC) have also made similar job cuts in Asia.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 10:56 am

AR

Morgan Stanley analyst Devin McDermott upgraded Antero Resources (NYSE:AR) from Equal-Weight to Overweight and increased the price target from $26 to $36.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:56 am

ASML

IBOT

PP

ASML Holding NV reported a fiscal Q1 2024 net sales decrease of 21.6% YoY to €5.29 billion, missing consensus estimates. Net bookings also declined compared to the previous quarter and year. Despite this, ASML proposes a 5.2% dividend increase for 2023. The company's outlook for Q2 2024 and the full year remains optimistic, expecting stronger performance in the second half. ASML stock dropped 3.42% in premarket trading, but has gained over 52% in the last 12 months. Exposure to ASML can be gained through Tidal ETF Trust II The Meet Kevin Pricing Power ETF and VanEck Robotics ETF.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 10:51 am

USB

U.S. Bancorp shares are trading lower following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:50 am

BKU

BankUnited (NYSE:BKU) reported Q1 earnings of $0.64 per share, surpassing the $0.59 estimate, and sales of $241.73M, exceeding the $239.96M estimate. This represents a slight decrease in both earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:48 am

IYT

JBHT

QQQN

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares fell after reporting Q1 2024 results with a 9% Y/Y decrease in operating revenue to $2.94 billion, missing the $3.12 billion consensus. Operating income dropped 30% Y/Y to $194.4 million, and EPS of $1.22 missed the $1.52 consensus. The company also repurchased $25 million in shares, with $366 million remaining under its authorization. Exposure to JBHT can be gained through IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN).

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 10:44 am

CPRI

TPR

Capri Holdings shares are trading lower after reports emerged that the FTC is preparing to sue to block Tapestry's acquisition of the company. This legal challenge could potentially derail the takeover, affecting Capri Holdings' stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:41 am

GLD

SPY

On April 16th, U.S. markets ended mixed with the S&P 500 and Nasdaq Composite falling, while the Dow Jones gained. This was amid volatile trading due to rising Treasury yields and concerns over high interest rates. Federal Reserve Chair Jerome Powell hinted at maintaining higher interest rates longer than expected due to inflation. Asian markets, excluding China, saw declines, while European markets and the STOXX 50 index experienced gains. Commodities showed mixed results with gold surpassing $2,400.

Portfolio Pulse from Akanksha Bakshi

April 17, 2024 | 10:39 am