Streetbeat News

Revenues

CLSK

CORZ

IREN

RIOT

Bernstein's report suggests that Bitcoin miners, by focusing on power efficiency and data center capabilities, could see a valuation re-rating. Companies like Core Scientific, Riot Platforms, CleanSpark, and Iris Energy are highlighted for their potential to expand market share and improve efficiency.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 5:52 pm

INTC

MU

QQQ

SPY

Intel has appointed Dr. Naga Chandrasekaran from Micron Technology as its new chief global operations officer, effective August 12. This leadership change is part of Intel's strategy to strengthen its AI chip manufacturing capabilities. Intel aims to achieve $1 billion in software revenue by 2027 and expects to ship chips for over 100 million AI PCs by 2025. The stock has lost 8% in the last 12 months, and investors can gain exposure through ETFs like QQQ and SPY.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 5:50 pm

BYDDY

BYD Company (OTC:BYDDY) has secured its first order for electric buses in South Africa, partnering with Golden Arrow to supply 120 electric buses. This move aims to electrify South Africa's public transportation network. BYD plans to start delivering the buses in December 2023 and complete the order by the end of 2025. The company has seen a significant increase in NEV sales, although its shares are currently trading lower by 2.60%.

Portfolio Pulse from Shivani Kumaresan

July 25, 2024 | 5:45 pm

R

Ryder System Inc (NYSE:R) reported Q2 FY24 sales growth of 10% YoY to $3.18 billion, missing the $3.24 billion consensus estimate. Adjusted EPS of $3.00 beat the $2.87 consensus. Despite strong performance in various segments, Ryder lowered its FY24 revenue growth outlook to 8% from 10% and adjusted EPS forecast to $11.90-$12.40. Shares are up 2.96% to $133.73.

Portfolio Pulse from Shivani Kumaresan

July 25, 2024 | 5:42 pm

A

Agilent Technologies (NYSE:A) has outperformed the market over the past 10 years, delivering an average annual return of 13.04%. A $1000 investment in Agilent Technologies 10 years ago would be worth $3,453.40 today. The company's current market capitalization is $39.14 billion.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 5:30 pm

LOW

Lowe's Companies (NYSE:LOW) has significantly outperformed the market over the past 15 years, delivering an average annual return of 17.06%. A $100 investment in LOW 15 years ago would be worth $1,076.61 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 5:30 pm

NVDA

QQQ

TSM

Nvidia Corp (NVDA) is central to Sustainable Metal Cloud's (SMC) $950M AI data center expansion. SMC plans to increase its Nvidia H100 AI chips from 1,200 to 5,000 by year-end. The broader semiconductor index, represented by Invesco QQQ Trust (QQQ), is facing a selloff due to geopolitical tensions and unimpressive Big Tech earnings. Nvidia shares have dropped 10.2% in the last seven days.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 5:27 pm

NOC

Northrop Grumman Corp (NYSE:NOC) reported strong Q2 fiscal 2024 results with a 7% year-over-year sales growth to $10.218 billion, beating expectations. EPS also surpassed estimates at $6.36. The company raised its fiscal 2024 outlook, expecting higher sales and EPS. NOC shares rose by 6.06% following the announcement.

Portfolio Pulse from Akanksha Bakshi

July 25, 2024 | 5:25 pm

LUV

Southwest Airlines expects to end 2024 with a headcount reduction of approximately 2000 employees compared to 2023. The company also plans for further headcount reductions in 2025 due to higher attrition rates. Additionally, Southwest anticipates a 2% increase in Q3 capacity and a 4% decrease in Q4 capacity.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:23 pm

RTX

RTX Corporation (NYSE:RTX) reported strong Q2 results with an 8% increase in adjusted net sales and a 9% rise in adjusted EPS, both beating consensus estimates. The company also raised its 2024 outlook. Collins Aerospace and Pratt & Whitney showed significant growth, while Raytheon saw a decline due to divestitures. RTX's shares are up 9.46% following the news.

Portfolio Pulse from Akanksha Bakshi

July 25, 2024 | 5:12 pm