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CATO

Cato Corporation plans to navigate the challenging economic environment of 2024 with caution, opening up to 15 new stores while closing up to 75 underperforming ones as leases expire.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:13 am

FTEC

IXN

MSFT

Microsoft Corp (NASDAQ:MSFT) is facing increased scrutiny from U.S. Senators, including Marco Rubio and Mark Warner, over Bing's censorship practices in China, as revealed by a Bloomberg Businessweek investigation. The criticism centers on Bing's compliance with Chinese government censorship demands, filtering content related to human rights, democracy, and more. Human Rights Watch has called for Microsoft to disclose its content removal practices. Additionally, Microsoft executives have been involved in discussions about AI and trade with China, amidst warnings from U.S. lawmakers about technological collaborations. Microsoft stock has seen a 55% increase over the last 12 months, with exposure available through IShares Global Tech ETF (NYSE:IXN) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC).

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 11:12 am

TITN

Titan Machinery's stock is trading higher following the announcement of their Q4 earnings per share (EPS) and sales, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:12 am

CATO

Cato Corporation reported a 5% decrease in Q4 same-store sales, attributing the decline to pressure on customer discretionary spending due to higher interest rates and inflation.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:12 am

CATO

Cato Corporation reported a significant decrease in its Q4 earnings per share (EPS) to $(1.14) from $(0.14) year-over-year (YoY), alongside a slight decrease in sales to $174.88M from $179.05M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:10 am

CWBHF

Charlottes Web Holdings (OTC:CWBHF) reported Q4 earnings, beating estimates with an EPS of $-0.06 against an expected $-0.07. However, revenue decreased by $3M from the previous year. The company had previously missed EPS estimates last quarter, leading to a 3% share price drop. Historical performance shows fluctuating EPS and revenue figures over the past year.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 11:10 am

AMZN

IYC

META

PDD

RTH

WMT

Amazon is enhancing its delivery speed and trust to compete with Chinese e-commerce platforms Temu and Shein, which are rapidly expanding in the US. Temu, backed by PDD Holdings, has become a significant advertiser on Meta Platforms, challenging Amazon's market share. Amazon is responding by expanding same-day delivery and emphasizing its reliability. Despite these efforts, Temu and Shein continue to grow, leveraging direct shipping from China and competitive pricing. Amazon's sales from Chinese vendors have increased by over 20%, and its stock has risen by 77% over the past year. Investors can also gain exposure to Amazon through IShares U.S. Consumer Discretionary ETF and VanEck Retail ETF.

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 11:09 am

KRON

Kronos Bio (NASDAQ:KRON) reported Q4 earnings with losses of $(0.43) per share, surpassing the $(0.52) estimate, marking a 23.21% improvement from last year. Sales reached $2.29M, exceeding the $1.52M forecast. The company's cash balance stands at $175.0M.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:08 am

DRI

Darden Restaurants' shares dropped following mixed Q3 results and weaker than expected revenue guidance for 2024.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:06 am

KIRK

Kirkland's reported Q4 sales of $165.95M, missing the consensus estimate of $167.22M by 0.76% but marking a 2.14% increase from the previous year's $162.48M.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:04 am