Streetbeat News

Revenues

DGLY

Digital Ally (NASDAQ:DGLY) reported Q2 earnings per share (EPS) of $(1.74), an improvement from $(3.01) YoY. However, sales decreased to $5.62M from $8.28M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 7:40 am

ENLT

Enlight Renewable Energy has launched the 60 MW Tapolca Solar Project in Hungary, expanding its total capacity in the country to 144 MW. The project cost $48 million to construct and is the company's fifth project in Hungary.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:58 am

LIFW

PLTR

LifeWallet has announced a $3.1M settlement in a pharmaceutical antitrust case and is driving to secure agreements with various health-related entities. The company expects to generate revenue through fees on savings from unnecessary Medicare secondary payments, leveraging its partnership with Palantir Technologies.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:36 am

BTCUSD

ETHUSD

Peter Thiel discussed Bitcoin on the Joe Rogan Experience podcast, calling it a 'moderately big invention' that was underestimated for its first decade. Thiel compared Bitcoin's innovation to the internet and highlighted its slow but steady progress. Despite its advantages, Bitcoin faces challenges like regulation and fraud. Thiel's Founders Fund invested $200 million in Bitcoin and Ethereum in 2023. Bitcoin has outperformed the S&P 500 this year, gaining over 38%.

Portfolio Pulse from Shanthi Rexaline

August 19, 2024 | 6:33 am

AAPL

QCOM

Apple is investing billions into developing an in-house cellular modem, a project that may not yield immediate returns. The company aims to eventually integrate this modem into a new wireless chip that handles Wi-Fi and Bluetooth, potentially improving reliability and battery life. Apple has faced setbacks, including performance issues and delays, and continues to rely on Qualcomm for modem chips until at least 2027.

Portfolio Pulse from Shanthi Rexaline

August 18, 2024 | 8:15 pm

CBRE

CWK

DUK

JLL

LEN

LGIH

MHO

MTH

NEE

NextEra Energy CEO John Ketchum praised Florida's housing and commercial real estate markets despite high mortgage rates and inflation. Florida's housing market remains robust, with a notable increase in home listings and median sale prices. Commercial real estate is expected to recover, with strong demand for industrial spaces. Companies like Citadel, Amazon, and Lockheed Martin are relocating to Florida, boosting the state's economy. Real estate and utility companies with significant operations in Florida, such as CBRE, JLL, CWK, LEN, MHO, LGIH, MTH, NEE, and DUK, are likely to benefit.

Portfolio Pulse from Shanthi Rexaline

August 18, 2024 | 6:45 pm

AAPL

DIS

GOOG

INTC

META

NVDA

SONY

SPOT

TSLA

This week's consumer tech news highlights include a study suggesting TikTok favors the Chinese government, Apple's plans for a thinner iPhone 17, and various updates from major tech and gaming companies. Key developments include collaborations, product updates, and regulatory changes impacting companies like Apple, Disney, Sony, Tesla, Meta, Alphabet, and more.

Portfolio Pulse from Lekha Gupta

August 18, 2024 | 5:30 pm

AAPL

Apple Inc. (NASDAQ:AAPL) had a week full of significant developments, including revising its iOS 18 Photos app, the return of Fortnite on iPhones, discussions with Tencent on a revenue-sharing deal for WeChat mini-games, development of a tabletop iPad robot, and becoming India's fastest-growing manufacturer with over $23 billion in revenue for FY24.

Portfolio Pulse from Benzinga Neuro

August 18, 2024 | 11:00 am

BTHM

FDV

IEDI

LQAI

MDCP

NXTV

ROST

RSPD

RTH

TGT

VDC

XLP

Analysts from Tesley Advisory Group expect Target Corporation (NYSE:TGT) and Ross Stores, Inc. (NYSE:ROST) to post higher revenues for the second quarter due to resilient consumer spending. Target's revenue is forecasted to rise by 2% to $25.3 billion, while Ross Stores' revenue is expected to jump by 6.9% to $5.28 billion. Both companies have received positive ratings from analysts.

Portfolio Pulse from Michael Juliano

August 17, 2024 | 4:46 pm

GS

The S&P 500 had its best week of 2024, rising 3.9% due to favorable economic data, including lower inflation, increased retail sales, and decreased jobless claims. Analysts at Goldman Sachs remain optimistic about continued economic growth and decelerating inflation.

Portfolio Pulse from Bibhu Pattnaik

August 17, 2024 | 1:30 pm