Streetbeat News

Products Services

WOR

Worthington Enterprises has signed agreements with Hexagon Composites to acquire Hexagon Ragasco and form a joint venture for a sustainability energy solutions business segment.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:58 pm

NVDA

TGT

TLNE

This week's investment insights cover Talen Energy's restructuring and sale of its datacenter business to Amazon, Nvidia's impressive earnings and stock split announcement, Target's weak sales amidst inflation, the authenticity of companies' ESG commitments, and worsening commercial real estate issues.

Portfolio Pulse from Gary Brode

May 29, 2024 | 2:57 pm

COP

ConocoPhillips has decided not to participate in the Alaska LNG project but is open to selling gas to the project's developer.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:49 pm

RSLS

ReShape Lifesciences, Inc. (NASDAQ:RSLS) shares surged on Wednesday following the approval of its patent for an intragastric device designed to treat obesity. The device is a swallowable implant that expands in the stomach to induce fullness and restrict food intake. The stock is trading on abnormally high volume, significantly above its average session volume.

Portfolio Pulse from Dylan Berman

May 29, 2024 | 2:47 pm

MSFT

The Atlantic and Vox Media have signed licensing and product deals with OpenAI. This collaboration aims to integrate AI technology into their media platforms, enhancing content creation and distribution. Microsoft, a major investor in OpenAI, could see indirect benefits from these deals.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:47 pm

AAPL

Analysts at Bank of America predict that Apple's introduction of AI-powered 'IntelliPhones' will drive a significant upgrade cycle in the smartphone industry. They have reiterated Apple as a 'top pick' with a target price of $230, indicating a potential upside of over 20% from the current share price of $191.58.

Portfolio Pulse from Rounak Jain

May 29, 2024 | 2:46 pm

LUCY

Innovative Eyewear shares are trading higher following the launch of its Eddie Bauer Smart Eyewear collection.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:44 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is under pressure due to soft Treasury auctions and potential rate hikes. Money flows are neutral in NVIDIA and Apple, but negative in Amazon, Alphabet, Meta, Microsoft, Tesla, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust. The momo crowd is buying oil and selling gold, while smart money is inactive. Bitcoin may see a significant drop due to potential Mt. Gox-related sales.

Portfolio Pulse from The Arora Report

May 29, 2024 | 2:42 pm

BIDU

BKNG

TCOM

Trip.com Group Ltd. (NASDAQ: TCOM) reported a 27.8% increase in revenue for Q1, driven by strong demand during the Lunar New Year holiday. Despite positive results, the stock fell 2% post-announcement. The company is expanding its overseas operations and leveraging AI technology in partnership with Baidu's Ernie Bot. Analysts expect earnings growth, and the stock is considered undervalued compared to peers like Booking Holdings (NASDAQ: BKNG).

Portfolio Pulse from The Bamboo Works

May 29, 2024 | 2:38 pm

CHUC

The FDA has raised concerns about synthetic nicotine analogues like 6-methyl nicotine, which may be more potent and addictive than traditional nicotine. These substances are not currently regulated under U.S. tobacco and vaping laws, allowing manufacturers to sell them without FDA authorization. Altria Group has highlighted the risks and urged the FDA to evaluate these compounds. Charlie's Holdings, which uses 6-methyl nicotine in its SPREE BAR vapes, is expanding its product line and targeting international markets.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:34 pm