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AMZN

Amazon.com Inc's CEO Andy Jassy remains optimistic about the future of Amazon Web Services (AWS), highlighting its potential for growth despite the current $100 billion-plus annualized revenue. Jassy emphasized the significant opportunity presented by the shift towards cloud-based gen AI, expecting this to drive a 'meaningful' increase in capital expenditures in 2024 due to high demand. AWS's innovation continues with new services like Deadline Cloud, despite recent workforce reductions aimed at streamlining operations. Amazon's Q1 net sales reached $143.3 billion, a 13% increase year-over-year, beating estimates.

Portfolio Pulse from Ananya Gairola

May 01, 2024 | 1:45 am

RCON

Trading for RCON was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:50 pm

VINO

Trading for VINO was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:50 pm

SOPA

Trading for SOPA was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:50 pm

MSTR

Bitcoin's recent downward trend has investors eyeing various catalysts for future movements. Markus Thielen's analysis highlights the evolution of Bitcoin trading, emphasizing the importance of market timing due to diminishing returns and the impact of macroeconomic factors and regulatory developments on Bitcoin's valuation. Key events include the SEC's decision on ETF applications, Federal Reserve meetings, and economic data releases. MicroStrategy Inc. (NASDAQ:MSTR), under Michael Saylor's leadership, plays a significant role in influencing Bitcoin's price through strategic financial decisions, with potential implications from its earnings announcement and the adoption of new accounting guidelines.

Portfolio Pulse from Murtuza Merchant

April 30, 2024 | 11:00 pm

ACB

CGC

MAPS

TLRY

Cannabis stocks experienced significant gains following the DEA's decision to reclassify marijuana from Schedule I to Schedule III, with Canopy Growth Corporation and Aurora Cannabis leading the surge. The move, recommended by the Department of Health and Human Services, has sparked optimism in the market, despite the stocks' history of volatility. Financial performances vary, with Tilray showing strong revenue growth, while Canopy Growth had mixed results. The rescheduling could lead to increased profitability for U.S. cannabis businesses by removing the 280E tax penalty but also introduces potential FDA oversight.

Portfolio Pulse from Nicolás Jose Rodriguez

April 30, 2024 | 10:35 pm

HURN

Huron Consulting Group (HURN) reported Q1 2024 adjusted EPS of $1.23, surpassing the $0.89 estimate, with a 38.2% beat. Year-over-year, earnings increased by 41.38% from $0.87. Sales reached $355.961M, exceeding the $351.014M forecast by 1.41% and marking an 11.97% increase from the previous year's $317.895M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:22 pm

CLWT

Euro Tech Holdings (NASDAQ:CLWT) reported a significant increase in its fiscal year earnings per share (EPS) to $0.24, up from $0.05 the previous year, and a 20.01% increase in sales to $17.94M from $14.95M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:02 pm

OPGN

OpGen shares surged following the announcement of its agreement to sell its commercial customer contracts and installed base of Unyvero systems to Camtech. This strategic move could potentially streamline OpGen's operations and focus on core areas, possibly improving its financial health and market position.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:01 pm

LMND

Lemonade shares surged following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company has increased its revenue guidance for FY24, surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:00 pm