Streetbeat News

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The article covers a range of topics from cryptocurrency trends, including Bitcoin's surge as its halving approaches, to US and world politics, the US economy, tech innovations, electric vehicles, and more. Key highlights include Bitcoin, Ethereum, and Dogecoin's price movements, Ripple CEO's market prediction, and various political and economic developments in the US and globally. It also touches on tech updates like Apple's new initiatives and Tesla's focus on autonomy.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 12:49 pm

AMZN

GOOG

GOOGL

PFE

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Amazon's construction restart in Bellevue, Alphabet's top rank in 'America's Most Innovative Companies 2024,' and Pfizer's 6.3% dividend yield. Amazon's shares rose 2.8%, Alphabet's 1.3%, and Pfizer's 0.04%.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:36 pm

STZ

Constellation Brands, Inc. (NYSE:STZ) is set to release its Q4 earnings on April 11, 2024. The company offers a 1.34% annual dividend yield, equating to $3.56 per share annually. To earn $500 monthly from dividends, an investment of approximately $447,587 is required. Analysts expect STZ to report quarterly earnings of $2.09 per share, up from $1.98 per share year-over-year, with quarterly revenue projected at $2.1 billion. Barclays analyst Lauren Lieberman maintained an Overweight rating on STZ but lowered the price target from $296 to $294.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:17 pm

BPT

BP Prudhoe Bay Royalty Trust (NYSE:BPT) announced there will be no dividend payment for Q1 2024 due to the average daily closing WTI price being below the break-even price, resulting in a negative value for the payment calculation. The average Per Barrel Royalty was calculated as -$15.28, with average adjusted chargeable costs and production taxes contributing to the shortfall.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:12 pm

NLCP

New Lake Capital Partners (OTC:NLCP) is highlighted for its strong performance in the cannabis real estate sector, with a 16% stock increase over 90 days, an 8.7% dividend yield, and a conservative debt-to-equity ratio of 0.5. The company's real estate book is stable at $380 million, with a 5% increase in rental income to $12.7 million, and 100% rent collection. Analyst Pablo Zuanic of Zuanic & Associates maintains an Overweight rating on NLCP, citing its strategic market position, potential for growth in key markets, and the possibility of federal regulatory reforms benefiting the company.

Portfolio Pulse from Nicolás Jose Rodriguez

April 05, 2024 | 5:27 pm

AIRR

GBX

RZV

Greenbrier Companies, Inc. (NYSE:GBX) reported Q2 FY24 results with revenue of $862.7 million, surpassing consensus estimates but lower than the previous year. The company announced a dividend, provided an optimistic FY24 outlook, and reported a strong order backlog. Shares rose 1.47% to $53.17. Exposure to GBX can also be gained through ETFs AIRR and RZV.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 3:31 pm

PARA

Skydance Media, RedBird Capital, and KKR are in exclusive talks with Paramount Global for a significant stake, potentially leading to a merger with Skydance's studio. The deal, still under negotiation, could see Skydance and partners owning around 45% to just over 50% of Paramount Global. The transaction aims to transform Paramount into a more future-focused media company, leveraging Oracle's technology. Paramount Global's financial struggles include a 1.7% revenue decline in 2023 and a downgrade to junk status by S&P Global Ratings. Other potential buyers like Apollo Global Management and Warner Bros. Discovery have shown interest in Paramount Global.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 3:12 pm

CURI

SBGI

Wall Street's most accurate analysts recommend three tech and telecom stocks with over 6% dividend yields: CuriosityStream Inc. (CURI), Sinclair, Inc. (SBGI), and AT&T Inc. (T). These stocks are highlighted for their high dividend yields amidst market turbulence. Recent updates include mixed financial results for CURI, a new national correspondent for SBGI, and a data leak affecting AT&T customers.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:58 pm

CAG

ConAgra Brands Inc (NYSE:CAG) reported better-than-expected Q3 financial results, with a 5.4% increase in stock price to close at $30.64. The company offers a 4.57% annual dividend yield, equating to $1.40 per year. To earn $500 monthly from dividends, an investment of approximately $131,323 is needed. ConAgra reaffirmed its FY24 outlook with an expected organic net sales decrease of 1-2% and adjusted EPS of $2.60-$2.65.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:42 pm

DIS

Disney (NYSE:DIS) stock has surged over 50% in the past six months, with a 32.50% increase in 2024, driven by CEO Bob Iger's turnaround plans. Key factors include strong Q1 financial performance, Disney+'s success, strategic initiatives like cost-saving measures, and a $3 billion buyback program. The stock hit a 52-week high of $123.74 and shows bullish momentum in technical analysis, trading above its 20 and 50-day SMAs.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 6:12 pm