Streetbeat News

Products Services

BODY

The Beachbody Company announced an initiative allowing qualifying patients to use pre-tax HSA or FSA funds for BODi and Dr. B fitness solutions, aiming to save time and money.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:15 pm

BODY

The Beachbody Company has partnered with telehealth provider Dr. B to allow pre-tax reimbursements for BODi fitness solutions across all 50 states, as exclusively reported by Benzinga Co.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:15 pm

IDGT

NVDA

SMCI

XMMO

Super Micro Computer Inc (SMCI) updated its fiscal guidance, with analysts from Wedbush, BofA Securities, Goldman Sachs, and JP Morgan providing insights. SMCI's revenue guidance was raised, reflecting strong sales momentum, especially in AI-related servers, despite concerns over margin pressures and competition. Analysts have adjusted their price targets and EPS projections accordingly, with varying degrees of optimism. SMCI's stock has seen significant growth but recently experienced a decline. The company's performance and outlook are also relevant for investors in ETFs like XMMO and IDGT, which include SMCI.

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 7:44 pm

COST

Recent analysis of Costco Wholesale's (NASDAQ:COST) options trading reveals a bearish sentiment among financial giants, with 49 unusual trades observed. The analysis shows 36% bullish and 40% bearish tendencies among traders, with a notable volume in puts over calls. Costco's options have been targeting a price range of $400.0 to $760.0. The company's current market performance shows a slight increase in stock price to $728.8, with a consensus target price of $754.0 among market experts. Costco operates a successful membership-based retail model, dominating the warehouse club industry.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:17 pm

DIS

DKNG

FWONA

FWONK

NFLX

RACE

Formula 1, owned by Liberty Formula One (FWONA, FWONK), halted a Trump fundraiser at the Miami Grand Prix, citing a violation of their suite license agreement. The event's cancellation and the connection to Miami Dolphins owner Stephen Ross, who also owns the Grand Prix, spotlight the race's significance. Ferrari (RACE) unveiled a special car design for the event, celebrating its 70th anniversary in North America. The race, airing on ABC and ESPN+ owned by Disney (DIS), is expected to draw significant viewership. DraftKings (DKNG) lists Max Verstappen as the favorite to win. The growth of Formula 1 in the U.S., partly attributed to Netflix (NFLX), enhances the value of related assets.

Portfolio Pulse from Chris Katje

May 01, 2024 | 7:04 pm

UTHR

United Therapeutics Corporation (NASDAQ:UTHR) reported a 34% increase in first-quarter sales to $677.7 million, surpassing the consensus of $623.9 million. EPS rose to $6.17 from $4.86, beating the consensus of $5.56. The company highlighted record revenue, double-digit year-over-year growth, and significant increases in Tyvaso, Tyvaso DPI, Nebulized Tyvaso, Orenitram, and Unituxin sales. A $1 billion accelerated share repurchase was implemented, reflecting confidence in the company's potential despite upcoming competition. UTHR shares rose 8% to $253.08.

Portfolio Pulse from Vandana Singh

May 01, 2024 | 6:35 pm

BTCUSD

ETHUSD

SOLUSD

Alex Krüger, an economist and trader, shared insights on the cryptocurrency market, highlighting the Bitcoin ETF as a key driver of the current cycle. He noted Ethereum's underperformance despite benefits for stakers and airdrop farmers, and praised Solana for its appeal to retail traders but mentioned its network issues. Krüger also discussed the rise of meme coins and the market's volatility due to scammy launches, emphasizing that the crypto cycle is not over and opportunities still exist.

Portfolio Pulse from Khyathi Dalal

May 01, 2024 | 6:31 pm

NVDA

NVDX

USD

CoreWeave, an AI cloud-computing firm backed by NVIDIA Corp (NVDA), has secured $1.1 billion in new funding, valuing the company at $19 billion. The funding, led by Coatue with participation from Magnetar, Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management, will support growth and expansion. CoreWeave distinguishes itself in the AI computation market, competing with giants like Microsoft (MSFT) and Amazon (AMZN). NVIDIA's stock has seen significant gains, and exposure to NVDA can be gained through ETFs like NVDX and USD.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 6:16 pm

EXEL

Exelixis (NASDAQ:EXEL) received varied analyst ratings in the last quarter, with a shift towards more bullish views in the last 30 days. The average 12-month price target for EXEL is now $26.4, reflecting a 6.67% increase from the previous target. Analysts from firms like TD Cowen, Barclays, JMP Securities, RBC Capital, and Stifel have adjusted their ratings and price targets, indicating a positive outlook on Exelixis's performance. The company, known for its cancer treatments, has shown a revenue growth of 13.15% but faces challenges in profitability and efficiency metrics compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 6:01 pm

BWEB

IAS

METV

RBLX

Roblox Corporation (NYSE:RBLX) shares are up after announcing a partnership with Integral Ad Science Holding Corp (NASDAQ:IAS) to expand access to immersive video ads for all advertisers. This move opens monetization opportunities for Roblox creators, with ads being served to users aged 13 and up. Roblox plans to introduce a brand Lift Solution with Kantar Context Lab and aims for full integrations with multiple brand lift partners. Investors can also gain exposure to RBLX through Bitwise Web3 ETF (BWEB) and Roundhill Ball Metaverse ETF (NYSE:METV).

Portfolio Pulse from Nabaparna Bhattacharya

May 01, 2024 | 5:57 pm