Streetbeat News

Products Services

CVNA

META

The article discusses a strategy for navigating current market volatility by hedging existing positions and selectively adding new ones. It highlights successful exits from options trades on Carvana Co. (CVNA) and Meta Platforms, Inc. (META), with gains of 220% and 103% respectively. The author plans to add new positions in oversold stocks with favorable PEG ratios and RSI values, despite cautioning about potential short-term losses if market conditions persist.

Portfolio Pulse from David Pinsen

August 08, 2024 | 1:37 pm

AAPL

BRK.B

FXY

GLD

NVDA

QQQ

SLV

SPY

The article discusses the impact of the Bank of Japan's rate hike on global stocks, particularly through the unwinding of carry trades. This has led to aggressive selling in AI-related semiconductor stocks and the Magnificent Seven stocks. Warren Buffett's Berkshire Hathaway has sold a significant portion of its Apple holdings, increasing its cash position. The article also mentions delays in NVIDIA's next-generation chip and negative money flows in major ETFs and stocks. Investors are advised to consider hedges and protection bands to navigate the current market volatility.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:37 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The article discusses the current market conditions, focusing on the Nasdaq 100 ETF (QQQ) and the impact of the carry trade unwind. It highlights that there is no 'back up the truck and buy stocks' signal yet, and CTAs are likely to sell rallies. Positive money flows are noted in several major tech stocks and ETFs, while Apple (AAPL) sees negative flows. The article also touches on the importance of maintaining a protection band and the traditional 60/40 portfolio strategy.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:36 pm

DNUT

Krispy Kreme, Inc. (NASDAQ:DNUT) shares are trading higher after the company reported Q2 earnings in line with expectations and revenues exceeding analyst estimates. The growth was driven by successful brand activations and increased digital and DFD sales. The company also benefited from the sale of a majority stake in Insomnia Cookies. However, the FY24 outlook was adjusted downwards to reflect this sale.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2024 | 1:26 pm

AMZN

PLUG

Plug Power Inc (NASDAQ:PLUG) reported disappointing Q2 earnings with revenue and EPS missing estimates. The company provided soft guidance for 2024 and announced a new COO, Dean Fullerton, from Amazon. Despite the setbacks, Plug Power is making progress on its new hydrogen plant in Louisiana.

Portfolio Pulse from Adam Eckert

August 08, 2024 | 1:25 pm

MULN

Mullen Automotive is expanding its reach on the East Coast through a partnership with Eco Auto, which will purchase 180 electric vehicles (EVs) worth $7.7 million over 18 months. Deliveries are set to begin in September 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:17 pm

WLDN

Willdan Group, Inc. (NASDAQ:WLDN) has been awarded a $102 million contract by Clark County School District to deliver energy-saving projects across 204 schools. The project is expected to save the district $170 million in lifetime energy savings and $700,000 annually in operations and maintenance costs. This is the second phase of projects for the district, involving more local subcontractors, including 30% certified as Minority- or Women-Owned Business Enterprises.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:16 pm

AMZN

MSTR

MicroStrategy has announced the availability of its FedRAMP authorized MicroStrategy ONE platform for government use on the AWS Marketplace. This will enable federal agencies to deploy an AI-powered BI platform for data-driven decision making.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:14 pm

AIRJ

Montana Technologies Corporation (NASDAQ:AIRJ) has signed a Memorandum of Understanding with Climate Impact Corporation to collaborate on renewable hydrogen production using Montana's AirJoule® atmospheric water generators. This partnership aims to produce hydrogen at a competitive price of USD$2 per kilogram in areas with high sun exposure.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:13 pm

VERI

Veritone shares are trading higher after the company announced a three-year agreement with AWS to drive AI and cloud innovation in various industries.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:13 pm