Streetbeat News

Revenues

AAPL

BRK-B

Berkshire Hathaway has drastically reduced its Apple holdings by 55.8%, selling 505 million shares. This decision comes amidst Apple's recent revenue slowdown and a 10% decline in smartphone demand. Despite these challenges, Apple is pursuing innovations in AI and satellite connectivity to strengthen its market position.

Portfolio Pulse from Zaheer Anwari

August 12, 2024 | 2:46 pm

CHRT

DIS

FOX

GOOG

NFLX

PGRE

SPOT

WBD

A Benzinga poll reveals that most subscribers would cancel streaming services over a 5% price increase. Netflix is the least likely to be canceled, while HBO Max is the most likely. Disney+ is increasing its price, leading to potential cancellations.

Portfolio Pulse from Michael Juliano

August 12, 2024 | 2:36 pm

SRPT

Sarepta Therapeutics (NASDAQ:SRPT) has significantly outperformed the market over the past decade, delivering an average annual return of 18.89%. A $100 investment in SRPT 10 years ago would be worth $564.27 today. The company currently has a market capitalization of $12.10 billion.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 2:30 pm

BLDR

Builders FirstSource (NYSE:BLDR) has significantly outperformed the market over the past 5 years, with an average annual return of 52.6%. A $100 investment in BLDR 5 years ago would now be worth $836.86. The company's current market capitalization is $18.24 billion.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 2:30 pm

AAPL

AMZN

BTC

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

WMT

The stock market is poised for a rally, but upcoming economic data and earnings from major companies like Home Depot and Walmart will be crucial. The market reaction function has shifted to 'good news is good news and bad news is bad news.' Money flows are positive in NVDA, MSFT, SPY, and QQQ, while neutral in AAPL, AMZN, GOOG, META, and TSLA. Bitcoin has dropped below $60,000 due to lack of whale activity.

Portfolio Pulse from The Arora Report

August 12, 2024 | 2:27 pm

SBBCF

Simply Better Brands Corp. (TSXV:SBBC) (OTCQB:SBBCF) reported a Q2 2024 gross profit increase of 83% YoY, despite a 17% decline in revenue due to a dip in the CBD segment. The company also announced leadership changes and a focus on key growth areas after restructuring.

Portfolio Pulse from Jelena Martinovic

August 12, 2024 | 2:25 pm

QQQ

SPY

Last week, the SPDR S&P 500 ETF Trust (SPY) and NASDAQ Invesco QQQ Trust (QQQ) experienced significant volatility, with dramatic market swings driven by macroeconomic uncertainty and a weak July jobs report. The S&P 500 had its best and worst days since 2022, reflecting investor anxiety over recession fears and the collapse of the yen carry trade. Historical precedents suggest that such volatility may continue, especially with upcoming macroeconomic indicators, company earnings, Federal Reserve decisions, and geopolitical conflicts. The 2024 election year is also expected to contribute to market volatility.

Portfolio Pulse from Hayden Buckfire

August 12, 2024 | 2:17 pm

NVDA

SBUX

USO

Oil prices rose due to Middle East tensions, Starbucks saw gains following an activist report, and NVIDIA continued its upward trend.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:16 pm

BLDP

Ballard Power Systems Inc. (NASDAQ:BLDP) reported mixed Q2 FY24 results, with revenue growing 4% Y/Y to $16.0 million but missing the analyst consensus estimate of $18.6 million. EPS loss of $0.11 beat the consensus estimate for a loss of $0.13. The company experienced a 6% Q/Q decline in order backlog and reduced its capital expenditure guidance for FY24. BLDP shares are down 3.11% following the report.

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 2:09 pm

AMZN

ETSY

SHOP

Shopify Inc (NYSE:SHOP) reported strong Q2 results, with revenue growing 20.7% YoY to $2 billion and net income of $171 million. Despite a challenging macroeconomic environment, Shopify's pricing power and internal payment systems contributed to its success. In contrast, rivals Etsy Inc (NASDAQ:ETSY) and Amazon (NASDAQ:AMZN) reported cautious consumer spending and missed estimates.

Portfolio Pulse from Upwallstreet

August 12, 2024 | 2:07 pm