Streetbeat News

Revenues

TSLA

Tesla has exported its one-millionth vehicle from its Giga Shanghai facility, marking a significant milestone nearly four years after its first overseas shipment. The Shanghai factory, which produces the Model 3 and Model Y, has an annual capacity of over 950,000 units. Despite a 6.01% year-on-year decline in sales from January to August, Tesla's August sales showed a 17% growth from July. The company faces competition from BYD and potential EU tariffs on Chinese-manufactured EVs.

Portfolio Pulse from Anan Ashraf

September 30, 2024 | 7:55 am

NAII

Natural Alternatives International reported a Q4 EPS of $(0.32), a decrease from $0.35 year-over-year, with sales of $29.49M, down from $35.89M YoY.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 7:19 am

ETHUSD

Ethereum staking yields are set to surpass US federal funds rates, driven by potential Fed rate cuts and rising transaction fees. This could support Ethereum's price, though not as the primary catalyst. Interest in Ether staking has increased since the Shapella Upgrade, but traditional investors lack access to staking through ETFs.

Portfolio Pulse from Aniket Verma

September 30, 2024 | 7:17 am

CCL

ESP

TRAK

USFD

VRAR

Carnival Corporation, US Foods, ReposiTrak, Espey Mfg. & Electronics, and The Glimpse Group are stocks to watch as U.S. stock futures trade lower. Carnival is expected to report strong earnings, US Foods announced a $500 million note offering, ReposiTrak and Glimpse Group are set to release earnings, and Espey Mfg. reported significant earnings growth.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 6:30 am

COST

TSM

Economist Ben Golub warns of a potential US shipping strike affecting 36 ports, reminiscent of the 2021-2022 supply chain crisis. The strike could impact industries reliant on complex supply networks, including the semiconductor sector. Companies like Costco are taking measures to mitigate potential disruptions.

Portfolio Pulse from Kaustubh Bagalkote

September 30, 2024 | 3:53 am

CORZ

SQ

Core Scientific Inc. (NASDAQ:CORZ) has made a significant recovery after exiting bankruptcy, with its stock surging 260% due to Bitcoin's price recovery. The company is pivoting towards AI and high-performance computing, securing a $6.7 billion contract with CoreWeave. Core Scientific's purchase of mining chips from Jack Dorsey's Block Inc (NYSE:SQ) aligns with Trump's vision for US Bitcoin mining dominance.

Portfolio Pulse from Aniket Verma

September 29, 2024 | 1:15 pm

MSFT

OpenAI plans to increase ChatGPT's price by 10% this year and more than double it over the next five years. Despite a revenue surge, OpenAI anticipates a $5 billion loss this year. The company is in talks for a $7 billion funding round, valuing it at $150 billion.

Portfolio Pulse from Rounak Jain

September 28, 2024 | 5:48 am

HITI

High Tide Inc. (NASDAQ:HITI) ranks 87th on Canada's Top Growing Companies list for 2024, with a three-year revenue growth of 486%. The company continues to expand its retail presence in Canada and plans international expansion into Germany and the US.

Portfolio Pulse from Rolando García

September 27, 2024 | 11:32 pm

HUM

Humana (NYSE:HUM) has significantly outperformed the market over the past 15 years, with an average annual return of 15.43%. A $1000 investment in HUM 15 years ago would be worth $8,712.38 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 27, 2024 | 9:30 pm

AMP

Ameriprise Financial (NYSE:AMP) has outperformed the market over the past decade, delivering an average annual return of 14.6%. A $1000 investment in AMP 10 years ago would now be worth $3,916.59. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

September 27, 2024 | 9:30 pm