Streetbeat News

Products Services

BA

ITA

PPA

SPR

Goldman Sachs analyst Noah Poponak has given a positive outlook for Boeing (NYSE:BA), expecting improved deliveries and production rates. Boeing is projected to achieve 43 deliveries in June, with a significant portion being newly produced 737 MAX aircraft. The company is focusing on product quality and plans to gradually increase output later in the year. Poponak has set a price target of $243 for Boeing, citing a 5.0% FCF yield on projected 2025 free cash flow per share. Boeing has also entered into an agreement to purchase Spirit AeroSystems Holdings (NYSE:SPR) at a 30% premium. Investors can gain exposure to Boeing through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 5:59 pm

IWM

RSP

SPY

Despite the market hype around generative AI, only 5% of US firms are using it in production. The SPDR S&P 500 ETF Trust (SPY) has surged over 15% in 2024, driven by a few large tech companies, while the Invesco S&P 500 Equal Weight ETF (RSP) and iShares Russell 2000 ETF (IWM) have seen modest gains.

Portfolio Pulse from Hayden Buckfire

July 03, 2024 | 5:47 pm

LI

Li Auto Inc. (NASDAQ:LI) saw a 6.53% rise in its stock price, driven by positive market sentiment and recent delivery figures. The company has introduced new car purchase incentives, including up to RMB17,000 in benefits and a zero down payment option. Li Auto is also expanding its charging infrastructure and has postponed the launch of three BEV models to next year.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 5:27 pm

COP

ConocoPhillips has announced its Q2 production forecast, expecting to produce between 1.91 and 1.95 million barrels of oil equivalent per day (MMBOE/d).

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:16 pm

WULF

TeraWulf reported self-mining 177 Bitcoin in June, with an average production rate of approximately 5.9 Bitcoin per day.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:10 pm

STSS

Sharps Technology shares are trading higher after the company announced it received two purchase orders for a total of approximately one million SecureGard syringes for 2024 delivery.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:07 pm

WULF

TeraWulf reports a significant increase in its self-mining capacity, reaching 8.8 EH/s, a 76% year-over-year growth. The construction of Building 4 at Lake Mariner is nearly complete, with a target of exceeding 10.0 EH/s by July 2024. Additionally, AI/HPC digital infrastructure projects are advancing at Lake Mariner.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:06 pm

STSS

Sharps Technology, Inc. (NASDAQ: STSS) has received purchase orders for 1 million SecureGard ultra-low waste smart safety syringes from a Swiss-based provider of injectable therapies. The first 100k units will be shipped in late July, with the rest delivered throughout Q3 and Q4 of 2024. This marks the beginning of a potential long-term partnership.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:06 pm

ACHR

GDX

LCID

LLY

NVDA

NVO

PARA

SOXX

STZ

TLT

TSLA

The S&P 500 and Nasdaq 100 indices reached record highs as investors anticipate rate cuts following weak services sector data. Nvidia and semiconductor stocks rebounded, gold miners surged, and Treasury yields fell. However, the crypto market declined, and some healthcare stocks dropped due to negative study results.

Portfolio Pulse from Piero Cingari

July 03, 2024 | 5:04 pm

CURLF

Curaleaf Holdings (OTC:CURLF) is experiencing significant growth in the European market, particularly in Germany, and is expanding its operations in the U.S. The company has achieved high gross margins through vertical integration and strategic acquisitions. Curaleaf is also entering the hemp derivatives market and plans further expansion in Ohio, Pennsylvania, and Florida.

Portfolio Pulse from Nicolás Jose Rodriguez

July 03, 2024 | 5:04 pm