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AMD

NVDA

SSNLF

AMD has partnered with Samsung Electronics to enhance its MI350 data center chip with advanced HBM3E memory technology in a deal worth approximately $3 billion. This partnership aims to boost the chip's capabilities, particularly in bandwidth, to compete more effectively with Nvidia's offerings. Samsung will supply 12-layer HBM3E DRAM for the MI350, with mass production expected in the first half of the year. Additionally, Samsung will purchase AMD GPUs, with supplies starting in the second half of the year. This move is seen as a strategic effort by AMD to improve its market position against Nvidia, especially in terms of chip bandwidth.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 2:43 pm

NVDA

NVIDIA shares are trading higher, potentially due to strong earnings reported by Microsoft and an increase in capital expenditure outlook by Meta, suggesting a positive market sentiment towards tech stocks.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:42 pm

CHTR

RSPC

YALL

Charter Communications Inc (NASDAQ:CHTR) reported a slight revenue growth of 0.2% in Q1 2024 to $13.68 billion, missing expectations. EPS was $7.55, below the consensus of $7.92. The company saw a drop in residential internet and video customers but grew in internet, mobile service, and commercial sectors. Adjusted EBITDA margin increased to 40.2%, though free cash flow decreased due to higher capital expenditures. Charter reiterated its 2024 capex outlook and maintains its revenue and EPS consensus. CHTR stock has fallen over 19% in the past 12 months.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 2:41 pm

Edwards Lifesciences' stock traded lower following the announcement of its Q1 financial results and the issuance of its guidance.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:32 pm

CRAK

IEO

PSX

Phillips 66 (NYSE:PSX) shares fell after reporting Q1 FY24 results with revenue beating expectations at $36.436 billion but adjusted EPS missing at $1.90 versus the $2.17 consensus. The company saw mixed performance across its segments, with a notable decline in the Refining segment's adjusted pre-tax income to $228 million from $797 million in the previous quarter. Operating cash flow was $1.2 billion, excluding working capital impacts. Phillips 66 also continued its shareholder distributions, projecting $13 billion to $15 billion by 2024, and achieved $1.2 billion in run-rate cost and capital reductions.

Portfolio Pulse from Lekha Gupta

April 26, 2024 | 2:32 pm

STLD

Over the past 15 years, Steel Dynamics (NASDAQ:STLD) has produced an average annual return of 16.33%, outperforming the market by 4.15% on an annualized basis. A $100 investment in STLD 15 years ago would be worth $1,039.48 today. The company currently has a market capitalization of $21.01 billion.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 2:30 pm

NVO

Over the past 10 years, Novo Nordisk (NYSE:NVO) has delivered an average annual return of 19.12%, outperforming the market by 8.67% annually. With a current market capitalization of $565.70 billion, a $1000 investment in NVO a decade ago would be worth $5,586.46 today.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 2:30 pm

GLBZ

Glen Burnie Bancorp reported a significant decrease in both earnings per share (EPS) and sales for Q1, with EPS dropping to $0.00 from $0.15 year-over-year and sales falling to $2.80 million from $3.42 million.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:30 pm

GOOGL

MSFT

Major stock indexes have seen an uptick due to robust earnings reports from Alphabet and Microsoft, indicating a positive market response.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:27 pm

FIW

PHO

ROP

Roper Technologies Inc (NASDAQ:ROP) reported a 14% year-on-year revenue growth for Q1 2024, surpassing analyst estimates with $1.68 billion in revenue and an adjusted EPS of $4.41. The company also raised its full-year 2024 outlook, expecting revenue growth of approximately 12% and an adjusted EPS range of $18.05 to $18.25. Roper's stock has gained over 25% in the last 12 months, and analysts generally rate it as Outperform. The stock is included in the Invesco Water Resources ETF (NASDAQ:PHO) and First Trust Water ETF (NYSE:FIW).

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 2:26 pm