Streetbeat News

Products Services

RKLB

Rocket Lab shares are trading higher after the company reported better-than-expected Q2 financial results and successfully hot fired its new rocket engine Archimedes for the first time.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:54 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) has announced a promotional roadshow for its upcoming R2 SUV and R3X crossover, starting from Pasadena and traveling to various cities until February next year. The R2 is a smaller, more affordable version of the R1S SUV, with production expected in early 2026. The R3X is a performance variant of the R3 crossover, which will be priced lower than the R2. Rivian aims to expand its market with these new, cheaper EVs. Despite a Q2 loss, the company expects positive gross profit by Q4 2024 and for the full year 2025.

Portfolio Pulse from Anan Ashraf

August 09, 2024 | 12:36 pm

AMZN

GOOGL

IVV

META

MSFT

NVDA

SMCI

TSM

VTI

Nvidia Corp (NASDAQ:NVDA) has seen a significant market value decline since June 2024, despite ongoing AI spending. However, major tech companies like Microsoft, Amazon, Alphabet, and Meta continue to invest in AI infrastructure, which is crucial for Nvidia's revenue. Nvidia's stock is trading up on Friday. Key suppliers and partners like Super Micro Computer Inc (NASDAQ:SMCI) and Taiwan Semiconductor Manufacturing Co (NYSE:TSM) are also showing strong performance. Analysts have mixed views on the sustainability of AI spending. Nvidia's valuation has become more attractive to long-term investors.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 12:33 pm

MRIN

RDDT

Marin Software Incorporated (NASDAQ:MRIN) shares surged after the company enhanced its integrations with Reddit, Inc. (NYSE:RDDT) and X (formerly Twitter). The integration allows marketers to leverage Marin’s AI-driven tools to target users on these platforms. Marin's CEO highlighted the benefits of this integration for digital marketers. Despite recent financial losses, the stock saw a significant premarket increase.

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 12:31 pm

SPR

Boeing's new CEO, Kelly Ortberg, has relocated to Seattle to address the company's ongoing safety crisis. Ortberg's move follows criticism of Boeing's detachment from its manufacturing roots, highlighted by a recent safety incident involving a 737 MAX jet. Ortberg aims to ramp up production, negotiate labor deals, and resolve supply-chain issues. Boeing's recent financial struggles and safety concerns have led to significant scrutiny and executive changes.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 12:27 pm

MGRX

Mangoceuticals, Inc. (NASDAQ:MGRX) has successfully migrated to a DEA-approved telemedicine operating system, enhancing its ability to prescribe controlled substances and accelerating the timeline for its weight loss treatments featuring Semaglutide and Tirzepatide.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:16 pm

HURC

Hurco Companies, Inc. (NASDAQ:HURC) and Kawasaki Robotics (USA), Inc. have announced a strategic collaboration to deliver turnkey, industrial-grade robotic machine-tending solutions. They will present demos at the 2024 International Manufacturing Technology Show (IMTS) in Chicago.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:06 pm

LVO

LiveOne (NASDAQ:LVO) announced that its total memberships have surpassed 3.9 million, with a 23% year-over-year growth. Tesla memberships grew by 26% YoY, and new paid members increased by over 225,000 in Fiscal Year 2025 and 64,000 in July 2024. The B2B pipeline expanded to 63, including four new partnerships to be announced.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:05 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has removed the need for a reservation to purchase the limited-edition Foundation Series Cybertruck, which starts at $99,990. The AWD version will be delivered between August and September, while the Cyberbeast variant will be delivered between October and December. Customers can also reserve a range extender for an additional $16,000. Tesla aims to ramp up production to 2,500 units per week by the end of the year and deliver 250,000 Cybertrucks annually starting in 2025.

Portfolio Pulse from Anan Ashraf

August 09, 2024 | 12:05 pm

BTCUSD

ETHUSD

SOLUSD

Crypto analyst DonAlt highlights key levels for Bitcoin, Ethereum, and Solana, suggesting cautious trading. Bitcoin's $60K level is critical, Ethereum shows weakness against Bitcoin, and Solana's recent short trade was profitable. Bitcoin's correlation with the S&P 500 and macro factors are also emphasized.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 11:36 am