Streetbeat News

Revenues

NTES

NetEase Inc (NASDAQ:NTES) shares are trading lower due to global economic concerns and volatility in Chinese stocks. The company's revenue, heavily reliant on online games and services, may be impacted by economic uncertainty and a weakening yuan. Currency fluctuations could also affect profitability.

Portfolio Pulse from Henry Khederian

August 06, 2024 | 4:09 pm

BTCUSD

ETHUSD

The crypto market is facing increased unpredictability, termed as a 'random walk,' due to recent monetary policy shifts, particularly the Bank of Japan's unexpected rate hike. This has led to the collapse of usual support and resistance levels, increasing risk. The U.S. equity market is also experiencing complications due to a buildup of negative gamma. The rate gap between the Federal Reserve and the BoJ is crucial, and rapid changes could lead to further asset price declines. Despite the turbulence, crypto options traders believe the impact may not last long, but caution is advised.

Portfolio Pulse from Murtuza Merchant

August 06, 2024 | 4:01 pm

VAC

In the past three months, 9 analysts have provided ratings for Marriott Vacations (NYSE:VAC), with a mix of bullish and bearish perspectives. The average 12-month price target has dropped by 7.12% to $117.44. Analysts have recently adjusted their ratings and price targets, reflecting changing market conditions and company performance. Key financial indicators show challenges in revenue growth, net margin, ROE, and ROA, but a healthier debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 4:00 pm

CRGY

Five financial analysts have provided ratings on Crescent Energy (NYSE:CRGY) over the past three months, showing a range of sentiments from bullish to indifferent. The average 12-month price target is $17.8, with a high of $20.00 and a low of $14.00. Recent analyst actions include maintaining, raising, and lowering ratings and price targets. Crescent Energy has shown positive revenue growth but faces challenges with profitability, return on equity, return on assets, and debt management.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 4:00 pm

DLO

In the past three months, 9 analysts have provided ratings for DLocal (NASDAQ:DLO), ranging from bullish to bearish. The average 12-month price target has decreased from $16.78 to $12.83, with a high estimate of $21.00 and a low estimate of $8.00. Recent analyst actions include several downgrades and lowered price targets, reflecting changing market dynamics and company performance. Despite positive revenue growth, DLocal faces challenges with net margin and return on equity.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 4:00 pm

GILD

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years with an average annual return of 11.92%, resulting in a $1000 investment growing to $9,412.06. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 4:00 pm

EW

Edwards Lifesciences (NYSE:EW) has significantly outperformed the market over the past 15 years, delivering an average annual return of 17.72%. A $100 investment in EW 15 years ago would be worth $1,147.73 today. The company's current market capitalization is $36.60 billion.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 4:00 pm

VNO

Vornado Realty shares are trading higher after the company reported better-than-expected Q2 financial results and announced the sale of a retail joint venture for $350 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:52 pm

CORZ

NVDA

Core Scientific Inc (NASDAQ:CORZ) shares are trading higher after announcing that CoreWeave exercised an additional contract option for infrastructure. This new contract is expected to add approximately $2 billion in projected revenue over 12 years. Core Scientific will modify its infrastructure to deliver 112 MW for HPC to host CoreWeave’s Nvidia Corp (NASDAQ:NVDA) GPUs. The company is also set to report Q2 earnings soon.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 3:44 pm

MYPS

PLAYSTUDIOS shares are trading lower after the company reported worse-than-expected Q2 sales results and issued FY24 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:40 pm