Streetbeat News

Revenues

ABNB

DKNG

LCID

VFC

Shares of companies within the consumer discretionary sector are trading higher due to overall market strength following softer-than-expected July PPI figures, which could alleviate some inflation concerns and boost consumer sentiment outlook.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:44 pm

MGA

STRT

TSLA

Shares of automobile and auto component stocks are trading higher amid overall market strength following softer-than-expected July PPI figures, which could alleviate some inflation concerns and boost consumer sentiment outlook.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:41 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares surged by 9.23% to $2.13 following a lower-than-expected Producer Price Index (PPI) report, which has increased market expectations for a significant Federal Reserve interest rate cut. This economic backdrop is favorable for Plug Power, potentially reducing borrowing costs and boosting investor sentiment, which could accelerate the company's expansion and adoption of its renewable energy solutions.

Portfolio Pulse from Henry Khederian

August 13, 2024 | 7:37 pm

AAPL

AMD

INTC

Apple Inc. (NASDAQ:AAPL) is highlighted as the 'Stock of the Day' due to its potential breakout above resistance levels, which could lead to a new uptrend. This movement is significant as Apple constitutes 7% of the S&P 500 Index, potentially influencing the broader market. The article also mentions that Apple, Intel, and AMD are leading the charge in the AI-capable PC market.

Portfolio Pulse from Mark Putrino

August 13, 2024 | 7:33 pm

ANF

Abercrombie & Fitch (NYSE:ANF) has significantly outperformed the market over the past 5 years, with an annualized return of 57.31%. A $100 investment in ANF 5 years ago would be worth $973.32 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 7:31 pm

AMT

American Tower (NYSE:AMT) has outperformed the market over the past 15 years with an average annual return of 13.72%, resulting in a significant growth in investment value. A $100 investment in AMT 15 years ago would be worth $685.92 today.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 7:30 pm

SNOW

Snowflake Inc. (NYSE:SNOW) shares are rising due to a broader technology sector rally and softer-than-expected Producer Price Index (PPI) data for July 2024. The PPI report showed a slower rise in producer prices, boosting market expectations for potential Federal Reserve rate cuts, which is favorable for tech stocks. Investors are also positioning ahead of Snowflake's upcoming Q2 earnings report, expected to show EPS of 16 cents and revenue of $849.70 million.

Portfolio Pulse from Vaishali Prayag

August 13, 2024 | 7:30 pm

MSFT

NVDA

TECL

TECS

The tech sector is experiencing volatility, presenting opportunities for investors through Direxion's leveraged ETFs. Microsoft (MSFT) and NVIDIA (NVDA) stocks are under scrutiny due to high valuations and potential depreciation risks. Direxion offers two ETFs: TECL for bullish investors and TECS for bearish investors. TECL has surged past its 200-day moving average, while TECS has dropped below its 20-day EMA.

Portfolio Pulse from Joshenomoto@benzinga.com

August 13, 2024 | 7:28 pm

ADAUSD

Cardano's long-term holders are at an all-time high, with stable user and transaction counts suggesting potential undervaluation and a bullish reversal. Despite a 58% drop from its peak, Cardano is forming a bullish pennant, indicating possible price recovery.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 7:19 pm

EIS

ISRA

SPY

The U.S. Secretary of State has approved multiple foreign military sales to Israel, including F-15IA and F-15I+ aircraft for $18.82 billion, 120mm tank cartridges for $774.1 million, and modified M1148A1P2 Family of Medium Tactical Vehicles for $583.1 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:12 pm