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NSC

At the annual meeting, shareholders of Norfolk Southern Corporation voted to retain CEO Alan Shaw, demonstrating confidence in his leadership.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:59 pm

IIPR

Innovative Industrial Properties, Inc (NYSE:IIPR), a cannabis REIT, reported a slight decline in its Q1 2024 revenue, earning $75 million, a 1% decrease YoY. The company attributed the decline to a decrease in contractual rent and property management fees, partially offset by increases in other areas. Net income for Q1 2024 was $39.1 million, with a dividend of $1.82 per share paid in April. IIPR shares fell 3.89% in Thursday's pre-market session.

Portfolio Pulse from Nina Zdinjak

May 09, 2024 | 12:58 pm

IAS

PUBM

RBLX

Roblox Corp (NYSE:RBLX) stock plummeted after issuing a weaker-than-expected outlook for Q2 and fiscal year 2024, despite beating Q1 bookings and adjusted EPS estimates. The company reported a 19% year-on-year increase in bookings to $923.80 million and an adjusted EPS loss of $(0.43), surpassing analyst expectations. However, its Q2 bookings forecast of $870 million to $900 million and fiscal 2024 bookings forecast of $4.00 billion to $4.10 billion fell short of analyst consensus. Roblox also announced partnerships with Integral Ad Science Holding Corp (NASDAQ:IAS) and PubMatic, Inc (NASDAQ:PUBM) to expand video ad access and sales.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 12:55 pm

TBIO

Trading for TBIO was halted and then resumed at 8:55:00 AM ET, with updates on quotation resumption, news, and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:55 pm

KWR

Quaker Houghton announced the appointment of Tom Coler as CFO effective June 10, 2024, succeeding Shane Hostetter. Hostetter will leave to pursue other opportunities but will remain until August 4, 2024, for a smooth transition. CEO Andy Tometich praised both Coler's financial leadership and Hostetter's contributions to the company's growth and strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:54 pm

DOGEUSD

PEPEUSD

SHIBUSD

Market Vector launched the MarketVector Meme Coin Index (MEMECOIN), featuring top meme coins like DOGE and SHIB, indicating a growing mainstream adoption of meme coins. The index, which includes six meme coins with Dogecoin, Shiba Inu, and Pepe as the top components, is down 2.7% in a single day but up 186% year-over-year. Despite a -23.3% performance since its inception in October 2021, its year-to-date performance is +138%. The index's market cap stands at $44.7 billion, with its next review date on May 27, 2024.

Portfolio Pulse from Khyathi Dalal

May 09, 2024 | 12:52 pm

AAPL

AMZN

GOOG

GOOGL

MSFT

Microsoft Corp (MSFT) is highlighted as a leading contender among tech stocks on Reddit, praised for its robust fundamentals and strategic positioning in AI, cloud computing, and more. The discussion contrasts Microsoft's AI and market positioning against Alphabet Inc (GOOG, GOOGL) and Apple Inc (AAPL), and its cloud computing capabilities against Amazon.com Inc (AMZN). Microsoft's diversified approach and practical AI applications, along with its strategic shift under CEO Satya Nadella, are seen as key strengths.

Portfolio Pulse from Surbhi Jain

May 09, 2024 | 12:51 pm

ALAB

CGNX

ECL

KKR

NET

Jim Cramer recommended buying Cloudflare (NET) citing upbeat earnings and Cognex (CGNX) for its niche market. He praised KKR (KKR) and Blackstone (BX) for their performance, despite typically avoiding such recommendations. Cramer advised waiting on Astera Labs (ALAB) due to high prices but endorsed Ecolab (ECL) after its earnings report. Cloudflare, Cognex, KKR, Blackstone, and Ecolab shares saw varied movements, while Astera Labs shares dipped significantly.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 12:50 pm

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CRLBF

CURLF

GTBIF

TCNNF

VRNOF

Trulieve Cannabis Corp. reported a Q1 revenue of $298 million, a 4% increase both sequentially and year-over-year, with a gross profit of $174 million. The company's net loss narrowed to $23 million, showing significant improvement in financial performance. Trulieve, a major backer of Florida's recreational cannabis ballot initiative, along with other top cannabis operators, is positioned for growth with the upcoming vote in November 2024.

Portfolio Pulse from Jelena Martinovic

May 09, 2024 | 12:49 pm

AAPL

SPOT

Spotify Technology SA (NYSE:SPOT) is escalating its legal battle against Apple Inc. (NASDAQ:AAPL) in the EU, following Apple's rejection of Spotify's app update that aimed to display in-app pricing information for EU users. This comes after the European Commission fined Apple $1.95 billion for anti-competitive practices. Apple introduced a new entitlement program with a 27% commission on external links for purchases, which Spotify attempted to bypass. The European Commission is considering a second investigation into Apple's policies.

Portfolio Pulse from Rounak Jain

May 09, 2024 | 12:49 pm