Streetbeat News

Products Services

CWT

MCY

PCG

THG

UNP

The Park Fire, California's fourth-largest wildfire, has burned over 426,000 acres in Northern California, affecting companies in the insurance, utilities, and logistics sectors. Hanover Insurance Group, Mercury General, PG&E, California Water Service Group, and Union Pacific could face impacts.

Portfolio Pulse from Hayden Buckfire

August 08, 2024 | 8:11 pm

FTT

GBTC

SOLUSD

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Grayscale launches new crypto funds, and FTX is ordered to pay $12.7B to creditors. Solana spikes as Brazil approves the first Solana ETF. Analysts have mixed predictions for Bitcoin's future price movements.

Portfolio Pulse from Khyathi Dalal

August 08, 2024 | 8:11 pm

CMCSA

DIS

FOX

FOXA

WBD

Former President Donald Trump and Vice President Kamala Harris have agreed to a presidential debate on Sept. 10, hosted by ABC, owned by The Walt Disney Company. Additional debates may be hosted by Fox Corporation and Comcast's NBC. The debates are expected to draw significant viewership.

Portfolio Pulse from Chris Katje

August 08, 2024 | 8:03 pm

NCBDY

Bandai Namco Hldgs ADR (OTC:NCBDY) reported a 24.8% increase in net sales and a 56.3% rise in profits for Q1 FY2024, driven by strong digital entertainment sales, particularly from the Elden Ring DLC. The company has updated its six-month forecast, anticipating higher net sales and profits.

Portfolio Pulse from Franca Quarneti

August 08, 2024 | 7:42 pm

BJ

COST

WMT

Costco Wholesale Corporation (NASDAQ:COST) is implementing membership scanners at store entrances to prevent non-members from entering. This move could impact competitors like Walmart Inc.'s (NYSE:WMT) Sam's Club and BJ's Wholesale Club Holdings Inc (NYSE:BJ), which have different membership enforcement policies.

Portfolio Pulse from Hayden Buckfire

August 08, 2024 | 7:37 pm

DRIV

F

GM

KARS

TSLA

The 2024 presidential election could significantly impact the electric vehicle (EV) sector. A Trump victory might benefit Tesla (TSLA) due to Elon Musk's endorsement but could harm the broader EV market by potentially eliminating tax credits. Conversely, a Harris/Walz win would likely continue supportive policies for EVs, benefiting companies like Ford (F) and General Motors (GM), as well as ETFs like KARS and DRIV.

Portfolio Pulse from Chris Katje

August 08, 2024 | 7:35 pm

META

QCOM

Qualcomm (NASDAQ:QCOM) reported strong fiscal third quarter earnings, surpassing Wall Street estimates and issuing a positive guidance for the current quarter. Revenue grew 11% YoY to $9.39 billion, with significant growth in its chip and automotive businesses. Despite the positive results, the market reaction was muted. Qualcomm's fortunes appear to be turning around, supported by growth in AI-enabled smartphones.

Portfolio Pulse from Upwallstreet

August 08, 2024 | 7:34 pm

LCID

RIVN

WKSP

The latest earnings reports from Rivian and Lucid highlight the struggles of pure play EV makers and the importance of wealthy backers for their survival. Rivian benefits from a $5 billion joint venture with Volkswagen, while Lucid is supported by Saudi Arabia’s Public Investment Fund. Both companies are working on new models to attract customers. Worksport is also expanding its market presence with innovative products for electric pickups.

Portfolio Pulse from Upwallstreet

August 08, 2024 | 7:32 pm

SRPT

Whales are showing a bullish stance on Sarepta Therapeutics (NASDAQ:SRPT) with significant options trades detected. 46% of the trades are bullish, and 38% are bearish. Analysts have mixed ratings, with price targets ranging from $152 to $203. The stock is currently down 3.62% at $134.99.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:31 pm

AMD

Financial giants have shown a bearish trend in options trading for Advanced Micro Devices (NASDAQ:AMD), with 45% of trades being bearish. The stock is currently trading at $134.94, up by 4.88%. Analysts have mixed ratings, with target prices ranging from $156 to $200.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:18 pm