Streetbeat News

Earnings

TSLA

Tesla's stock, after impressive Q3 2024 results, was on track to reach $300 but has since retraced.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

RACE

Ferrari's stock is declining despite meeting Wall Street's earnings expectations. The company is less reliant on the Chinese market compared to other luxury goods sellers.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

AAPL

AXP

BAC

BRK

CVX

KHC

OXY

Berkshire Hathaway reported a decline in Q3 operating earnings, driven by weakness in insurance underwriting. The company further reduced its Apple stake, continuing a trend of selling off shares. Despite this, Berkshire's cash reserves reached a record high. The company holds significant stakes in American Express, Bank of America, Coca-Cola, Chevron, Kraft Heinz, and Occidental Petroleum.

Portfolio Pulse from Nabaparna Bhattacharya

November 02, 2024 | 3:19 pm

DJT

GOOGL

MSTR

SMCI

TSLA

Benzinga highlights recent market volatility and key stock stories, including MicroStrategy's Bitcoin purchase, Tesla's premium valuation, and potential impacts on Trump Media and Alphabet. Super Micro faces scrutiny over governance issues.

Portfolio Pulse from Michael Cohen

November 02, 2024 | 1:23 pm

LYB

LyondellBasell Industries plans to exit its Houston refinery business, incurring costs between $610M-$980M. The exit involves asset retirement obligations and personnel costs. Additionally, a $252M goodwill impairment was recognized due to segment structure changes.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:57 pm

AMD

AMZN

BKNG

CHTR

GLD

GOOGL

LLY

MAGS

The U.S. stock market faced volatility due to election uncertainties and mixed tech earnings, with the VIX surging 34%. Alphabet and Amazon outperformed, while the Roundhill Magnificent Seven ETF fell. Charter Communications and Booking Holdings saw gains, but AMD and Eli Lilly declined. The labor market slowed, influencing expectations for Federal Reserve rate cuts. The SPDR Gold Trust saw significant inflows, and Ford paused F-150 Lightning production in response to Tesla's Cybertruck sales.

Portfolio Pulse from Piero Cingari

November 01, 2024 | 8:50 pm

AIRE

ALGM

HPAI

OST

In Friday's after-market session, several information technology stocks experienced notable price movements. Helport AI and Allegro Microsystems were among the gainers, with Helport AI rising by 8.7% following its FY earnings report, and Allegro Microsystems increasing by 4.17% after releasing its Q2 earnings. On the other hand, ReAlpha Tech and Ostin Technology Group were among the losers, with ReAlpha Tech's stock falling by 5.4%.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 8:36 pm

NUWE

Nuwellis, Inc. (NASDAQ:NUWE) announced preliminary Q3 2024 results, expecting $2.4M in revenue, a 28% growth in the pediatric category, a 70% gross margin, and a 30% reduction in operating costs. The company also terminated a license agreement with SeaStar Medical, receiving $900,000 in settlement.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:17 pm

DHR

Danaher Inc. (NYSE:DHR) shares are currently priced at $242.91, with a slight increase of 0.09%. Over the past month, the stock has decreased by 8.25%, but has risen by 26.72% over the past year. The company's P/E ratio of 45.79 is higher than the industry average of 43.15, suggesting potential overvaluation despite better performance expectations.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 8:05 pm

GLASF

HITI

TLRY

The article discusses how top cannabis companies, Tilray, High Tide, and Glass House Brands, are navigating financial pressures and regulatory uncertainties. High Tide shows positive growth with market expansion and a strong loyalty program. Tilray faces operational losses despite revenue growth, focusing on potential acquisitions to strengthen its medical cannabis segment. Glass House Brands aims for cost leadership in cultivation, with plans to reduce production costs and expand operations. The cannabis sector remains resilient amid market pressures and election uncertainties.

Portfolio Pulse from Patricio Liddle

November 01, 2024 | 8:03 pm