Streetbeat News

Revenues

SPY

Housing starts for July came in at 1.238 million, below the estimated 1.340 million and the revised prior figure of 1.329 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:30 pm

SPY

USA building permits for July came in at 1.396 million, below the estimated 1.430 million and the prior 1.454 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:30 pm

SPY

Housing starts in the U.S. for July decreased by 6.8% month-over-month, indicating a slowdown in the housing market.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:30 pm

ETHE

FBTC

FETH

GBTC

Bitcoin spot ETFs saw modest inflows of $11.1 million on Aug. 15, while Grayscale Bitcoin Trust experienced $25 million in outflows. Fidelity's Bitcoin ETF attracted $16.2 million, and Grayscale's mini Bitcoin ETF saw $13.6 million in inflows. Ethereum spot ETFs faced net outflows of $39.2 million, with Grayscale Ethereum Trust seeing $42.5 million in outflows. Negative funding rates in Bitcoin futures signal bearish sentiment.

Portfolio Pulse from Murtuza Merchant

August 16, 2024 | 12:18 pm

ZCAR

Zoomcar reported Q1 revenues of $2.24 million, which is lower than the $2.61 million reported year-over-year. However, the total number of bookings increased by 9%.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:11 pm

NSA

Analysts have provided mixed ratings for National Storage (NYSE:NSA) over the past quarter, with recent price targets indicating a positive trend. The average 12-month price target is now $40.0, up from $36.75. Despite this, the company faces financial challenges, including a revenue decline and below-industry benchmarks for net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 12:01 pm

LRHC

La Rosa Holdings Corp (NASDAQ: LRHC) reported a 154% year-over-year increase in Q2 revenue to $19.1 million, driven by significant growth in residential real estate services. The company plans to acquire several entities and aims to reach $100 million in annualized revenue by the end of 2024.

Portfolio Pulse from Anusuya Lahiri

August 16, 2024 | 12:00 pm

BRX

Over the past three months, 9 analysts have shared their insights on Brixmor Property Group (NYSE:BRX), with a mix of bullish, somewhat bullish, and indifferent ratings. The average 12-month price target has increased to $27.39 from $25.78. Several analysts have raised their price targets, while a few have lowered them. Brixmor Property Group, a real estate investment trust, has shown a positive revenue trend but faces challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 12:00 pm

LRHC

La Rosa Holdings reported a significant increase in its residential real estate services revenue, which grew by 237% to $15.9 million in Q2 2024 compared to Q2 2023.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:00 pm

INTC

TXN

Texas Instruments (NASDAQ:TXN) shares are rising due to the company receiving up to $1.6 billion in direct funding from the U.S. Department of Commerce through the CHIPS and Science Act. This funding will support the construction of three semiconductor wafer fabs in Texas and Utah. Additionally, Texas Instruments expects to receive between $6 billion and $8 billion from the U.S. Department of Treasury’s Investment Tax Credit and $10 million for workforce development. The initiative is expected to generate over 2,000 new direct jobs and thousands of indirect jobs.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 12:00 pm