Streetbeat News

Earnings

NTES

In the last three months, 5 analysts have published ratings on NetEase (NASDAQ:NTES), with a mix of bullish and bearish perspectives. The average 12-month price target is $119.0, with a high of $145.00 and a low of $100.00. Recent analyst actions include Barclays' Jiong Shao announcing an Equal-Weight rating with a $104.00 price target, Benchmark's Fawne Jiang raising the price target to $145.00, and Morgan Stanley's Alex Poon lowering the price target to $100.00. NetEase has shown positive revenue growth and strong financial metrics, including a net margin of 28.43% and a debt-to-equity ratio of 0.2.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 3:00 pm

TLT

The Producer Price Index (PPI) for May showed a significant drop of 0.2%, driven by a 4.8% fall in energy prices. This data, along with lower-than-expected consumer inflation, has led economists to believe that the Federal Reserve may consider rate cuts later in 2024. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has seen a positive impact, rising by 1.8% this week.

Portfolio Pulse from Piero Cingari

June 13, 2024 | 2:51 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) is set to release its second-quarter financial results after the closing bell on Thursday. Analysts expect earnings of $4.39 per share and revenue of $5.29 billion. Despite better-than-expected first-quarter results, Adobe issued weak revenue guidance for the current quarter. Several analysts have recently revised their price targets for Adobe, maintaining various ratings.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 2:42 pm

LOVE

The Lovesac Company (NASDAQ:LOVE) shares are trading higher after reporting first-quarter results. The company posted a narrower-than-expected loss per share of $0.83 and beat sales estimates with $132.64 million. Despite a 6.1% year-over-year decrease in net sales, gross profit and margin increased. Lovesac reaffirmed its fiscal 2025 outlook and provided guidance for the second quarter.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 2:35 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for June 13th, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish scenarios for each asset, emphasizing the importance of monitoring these levels closely. Key economic data releases and a 30-Year Bond Auction are expected to influence market sentiment and volatility today.

Portfolio Pulse from RIPS

June 13, 2024 | 2:18 pm

AMSC

AVGO

BITF

KYTX

NVDA

NWTN

TSLA

WLYB

U.S. stocks were mixed on Thursday, with the Dow Jones index falling around 200 points. Tesla shares rose 6.7% after positive shareholder resolutions and deployment of humanoid bots. Other notable gainers included NWTN, John Wiley & Sons, Kyverna Therapeutics, American Superconductor, Broadcom, Bitfarms, and more.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 2:17 pm

BTCUSD

DOGEUSD

ETHUSD

GME

TSLA

The article covers a range of topics including the struggles of Bitcoin, Ethereum, and Dogecoin to maintain growth following hawkish Fed guidance, Joe Biden's campaign potentially accepting crypto contributions, and various other market and political updates. Key highlights include Bitcoin crossing $67,500 with significant ETF inflows, Tesla's stock surge, and GameStop's rebound.

Portfolio Pulse from Akanksha Bakshi

June 13, 2024 | 2:08 pm

GFI

Gold Fields Limited shares are trading lower after the company revised its 2024 group production guidance down due to the impact of weather events on the Salares Norte project.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:01 pm

GOOG

GOOGL

Google's new head of search, Liz Reid, emphasized the importance of releasing AI features despite potential issues, urging employees to address problems as they arise. This comes as Google competes with OpenAI and Microsoft in the AI space. Despite recent setbacks, including incorrect AI-generated responses, Google continues to push forward with AI advancements.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 1:59 pm

BRTX

BURU

CARA

EJH

IONM

STSS

U.S. stocks showed mixed performance with the Dow Jones falling over 100 points, while the NASDAQ and S&P 500 rose. U.S. producer prices declined by 0.2% in May. BioRestorative Therapies, E-Home Household Service Holdings, and Sharps Technology saw significant stock price increases, while Assure Holdings, Nuburu, and Cara Therapeutics experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 1:45 pm