Streetbeat News

Products Services

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

F

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

HD

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

BNO

USO

Oil prices are experiencing volatility and are currently trading lower after a recent rise due to concerns over escalating Iran-Israel tensions.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:10 pm

GD

LMT

Lockheed Martin and General Dynamics have announced a strategic teaming agreement for the production of solid rocket motors, with initial production for Guided Multiple Launch Rocket System (GMLRS) set to begin in 2025.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:05 pm