Streetbeat News

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The article discusses the impact of a strong jobs report on the stock market, highlighting increased volatility and the actions of smart money and the momo crowd. It also covers the early trade money flows in major tech stocks, the cessation of gold buying by China's central bank, and the implications for various ETFs.

Portfolio Pulse from The Arora Report

June 07, 2024 | 4:49 pm

AFRM

FINX

IPAY

Affirm Holdings, Inc (NASDAQ:AFRM) has introduced new payment options, Pay in 2 and Pay in 30, to enhance flexibility and affordability for consumers. These options allow users to split purchases into two interest-free payments or pay in full within 30 days without late fees. The rollout has already increased cart conversion, and Affirm plans to extend these options to merchant partners. Affirm also expanded its partnership with Alterra Mountain Company. AFRM shares were trading lower by 2.69% at $30.32. Investors can gain exposure via Amplify Mobile Payments ETF (NYSE:IPAY) and Global X FinTech ETF (NASDAQ:FINX).

Portfolio Pulse from Anusuya Lahiri

June 07, 2024 | 3:56 pm

APD

IBAT

IYM

TTE

Air Products and Chemicals, Inc. (NYSE:APD) shares are trading higher after signing a 15-year agreement with TotalEnergies SE (NYSE:TTE) to supply 70,000 tons of green hydrogen annually in Europe starting in 2030. This deal supports TotalEnergies' goal of reducing net greenhouse gas emissions by 40% by 2030. Additionally, Air Products has committed over $15 billion to energy transition projects and signed a memorandum of understanding with TotalEnergies for renewable power supply.

Portfolio Pulse from Lekha Gupta

June 07, 2024 | 3:27 pm

SQM

Codelco, Chile's state-owned mining company, is seeking a partner for its Maricunga lithium project, targeting production by 2030. The project will be developed in two phases, with a total capital expenditure of $2.3 billion. Rothschild & Co is evaluating potential partners, and the search is expected to conclude by Q1 2025. Codelco has announced a partnership with SQM to adapt direct lithium extraction (DLE) technology by 2023.

Portfolio Pulse from Stjepan Kalinic

June 07, 2024 | 2:44 pm

NFLX

The boxing match between Jake Paul and Mike Tyson has been rescheduled to November 15 at AT&T Stadium due to Tyson's medical issues. The event will be streamed live on Netflix. The co-main event will feature Katie Taylor vs. Amanda Serrano. Previously purchased tickets will be honored, and refunds are available until July 8.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:35 pm

ACI

Albertsons Media Collective has partnered with Rokt to allow non-endemic brands to reach Albertsons' ecommerce customers through AI-powered offers and messages. This partnership aims to enhance customer engagement and loyalty across Albertsons' portfolio of brands.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:32 pm

IHRT

PIMCO has formed a separate creditor group for iHeartMedia and hired the law firm Davis Polk to assist in the process.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:25 pm

BIDU

NVDA

TSLA

Tesla, Inc (NASDAQ:TSLA) stock is trading lower on Friday due to concerns about the impact of AI on the electricity grid. Morgan Stanley analyst Adam Jonas highlighted the strain on power usage from data centers and generative AI. Tesla also released a software upgrade for its in-car navigation system in China and is working on its Full Self-Driving software. Additionally, insider emails revealed that Elon Musk diverted 12,000 Nvidia GPUs from Tesla to X, delaying Tesla’s AI projects by over $500 million. Despite these challenges, analysts remain optimistic about Tesla's future prospects.

Portfolio Pulse from Anusuya Lahiri

June 07, 2024 | 2:24 pm

NIO

NIO Inc. (NYSE:NIO) shares are trading slightly higher after reporting fiscal Q1 2024 revenue of $1.37 billion, which missed analyst estimates and marked a significant decline year-over-year and quarter-over-quarter. The company also reported an adjusted loss per share of $0.33, slightly worse than analyst expectations. Additionally, NIO has entered into a charging network-sharing partnership with GAC Group, aiming to enhance charging services and interoperability.

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2024 | 2:05 pm

APD

TTE

TotalEnergies and Air Products have signed a 15-year agreement for the annual supply of 70,000 tons of green hydrogen in Europe starting in 2030.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:04 pm