Streetbeat News

Products Services

GOOG

GOOGL

Google has unveiled its new Pixel smartphones, including the Pixel 9 Pro Fold, Pixel 9 Pro, Pixel 9 Pro XL, and Pixel 9, with prices starting at $799. The new devices feature the Tensor G4 processor and new Gemini features. Additionally, Google introduced the Pixel Buds Pro 2 with the Tensor A1 chip and the Pixel Watch 3, all fully integrated into the Google ecosystem.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:01 pm

CMG

IWM

QQQ

SBUX

SPY

XLE

XLK

Tech stocks surged and Treasury yields fell on Tuesday following lower-than-expected producer inflation data, increasing expectations for Federal Reserve rate cuts. Major indices and ETFs saw significant movements, with notable performances from Starbucks, Chipotle, and Home Depot.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 4:55 pm

HOOD

Robinhood CEO Vlad Tenev discussed the company's plans for cryptocurrency integration, emphasizing crypto as a key driver of their business model. Robinhood has expanded its crypto offerings and introduced crypto wallets, aiming to integrate traditional finance with crypto. The company is also investing in crypto education and envisions leveraging AI for personalized financial advice.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 4:37 pm

GOVX

SIGA

SPY

The U.S. is closely monitoring the spread of Mpox in Central Africa, according to a Reuters report citing the State Department.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:37 pm

NFLX

JPMorgan analyst Doug Anmuth reiterated an Overweight rating and a $750 price target for Netflix Inc (NASDAQ:NFLX), citing multiple growth drivers such as margin expansion, strong free cash flow, and resilience during macroeconomic pressures. Anmuth highlighted potential revenue boosts from ad-price hikes, live sports events, and paid sharing in key regions.

Portfolio Pulse from Chris Katje

August 13, 2024 | 4:34 pm

JCI

Aliaxis has signed a definitive agreement to acquire Johnson Controls' CPVC pipe and fittings business, which serves residential and light commercial sprinkler systems in the Southern U.S.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:33 pm

MZDAF

Ford Motor Company and Mazda Motor Corp. have issued urgent 'Do Not Drive' alerts for over 457,000 vehicles with unrepaired Takata airbags. The National Highway Traffic Safety Administration (NHTSA) has confirmed that defective Takata airbags have caused 27 fatalities and injured at least 400 people in the U.S. Ford has made extensive efforts to inform customers, resulting in 95% of U.S. customers addressing their recalls. The advisory affects various Ford, Lincoln, Mercury, and Mazda vehicles.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 4:29 pm

NFLX

Recent options trading activity on Netflix (NASDAQ:NFLX) shows significant interest from large investors, with a mix of bullish and bearish sentiments. A total of 44 uncommon options trades were detected, with 27 calls and 17 puts. Analysts maintain a positive outlook on NFLX, with target prices ranging from $710 to $780.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:16 pm

CXAI

SBUX

SYRS

U.S. stocks traded higher with the S&P 500 gaining 1%. Home Depot reported mixed Q2 results, beating EPS estimates but missing sales expectations. Starbucks announced a new CEO, boosting its stock by 22%. CXApp surged 89% after a deal with Google Cloud. Syros Pharmaceuticals dropped 60% after discontinuing a clinical trial.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 4:16 pm

ONON

On Holding AG (NYSE:ONON) reported Q2 sales of $627.683 million, surpassing expectations of $561.038 million. Despite missing EPS estimates by 1 cent, the company saw improvements in gross profit margin, net income, and adjusted EBITDA. CEO David Allemann highlighted strategic initiatives, including a partnership with Zendaya and new technology. The company reiterated its full-year sales growth expectation of at least 30%. ONON shares rose by 6.90% to $42.29.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 4:11 pm