Streetbeat News

Revenues

BTCUSD

Brent Johnson, CEO of Santiago Capital, reiterates his 'Dollar Milkshake Theory,' predicting a significant strengthening of the U.S. dollar, which could cause global economic turmoil and impact all asset classes, including cryptocurrencies like Bitcoin. Johnson suggests that understanding the dollar's movements is crucial for both traditional and crypto investment strategies.

Portfolio Pulse from Khyathi Dalal

August 14, 2024 | 5:42 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) has significantly outperformed the market over the past 15 years, delivering an average annual return of 33.29%. A $100 investment in SMCI 15 years ago would be worth $7,491.36 today. The company's current market capitalization is $33.52 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 5:31 pm

GOOGL

SBUX

SCHW

TLT

TSLA

USO

XLF

XLY

Wall Street experienced mixed reactions as the July consumer inflation report showed a continued cooling trend, with the headline CPI at 2.9% year-over-year. Financial stocks outperformed, while communication services and consumer discretionary sectors lagged. Key movers included Alphabet Inc., Tesla Inc., and Starbucks Inc. Long-dated Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. The U.S. dollar index remained steady, while oil prices and Bitcoin declined.

Portfolio Pulse from Piero Cingari

August 14, 2024 | 5:28 pm

BABA

BIDU

BILI

EDU

HCM

NIO

PDD

TAL

TCOM

ZTO

Shares of US-listed Chinese stocks are trading lower ahead of upcoming economic data.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:22 pm

EQNR

The U.S. Interior Department announced that Equinor and Dominion Energy have won offshore wind leases in the Central Atlantic. Equinor's winning bid was $75 million, while Dominion's bid was $17.7 million.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:12 pm

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) announced the acquisition of one million common shares of Bitfarms, increasing its ownership to 18.90%. Additionally, Riot reported a significant increase in Bitcoin production and hash rate for July 2024, and announced the acquisition of Block Mining, which will boost its self-mining capacity. Despite these positive developments, Riot's stock is down 2.68% to $7.63.

Portfolio Pulse from Dylan Berman

August 14, 2024 | 5:03 pm

MRAM

Everspin Technologies has been awarded a contract worth up to $9.25 million to provide its MRAM technology for the development of radiation-hardened eMRAM macro for Frontgrade Technologies. This contract supports the Department of Defense's aerospace and defense electronics production.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:02 pm

Over the past three months, 11 analysts have shared their insights on International Paper (NYSE:IP), with a mix of bullish and indifferent opinions. Analysts have set a 12-month average price target of $50.34, up 13.43% from the previous target. Key analysts have raised their price targets, reflecting positive sentiment. Financially, International Paper shows strong revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 5:00 pm

TME

BofA Securities analyst Lei Zhang reiterated a Buy rating on Tencent Music Entertainment Group (NYSE:TME) with a price target of $15, down from $18. Despite missing revenue estimates for Q2 2024, the company met EPS expectations. Zhang highlighted the company's focus on ARPU growth and premium services, which could drive profitability. The price target cut reflects a lowered average fiscal 2025 P/E of 20x amid a weak market.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 4:56 pm

APCX

AppTech Payments (NASDAQ:APCX) reported Q2 EPS of $(0.12), missing the $(0.06) estimate. Sales were $76K, down from $134K YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:41 pm