Streetbeat News

Revenues

EWU

U.K. Core Retail Sales for June decreased by 0.8% year-over-year, missing the estimated increase of 0.2% and down from the revised 1.6% growth in the prior period.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 6:03 am

EWU

U.K. Core Retail Sales for June fell by 1.5% month-over-month, significantly missing the estimated decline of 0.5% and down from the 2.9% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 6:02 am

ERJ

Embraer reported an 88% QoQ surge in Q2 deliveries, with a 170% increase in commercial deliveries and a 50% rise in Executive Jets. The company's backlog reached a 7-year high of $21.1 billion, up 20% YoY. Notable orders include 20 E2 jets from Mexicana de Aviación and the delivery of the 2nd C-390 Millennium aircraft to Portugal.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:55 am

ALGT

MSFT

SNCY

ULCC

A Microsoft cloud service outage caused significant disruptions for Frontier, Allegiant, and Sun Country Airlines, leading to numerous flight cancellations and delays. The outage affected Microsoft Azure services in the Central U.S. region.

Portfolio Pulse from Benzinga Neuro

July 19, 2024 | 5:53 am

GOOG

GOOGL

NFLX

Netflix Inc. (NASDAQ:NFLX) is targeting a larger share of the TV market and views Alphabet Inc.'s (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube as both a competitor and a partner. Netflix's co-CEO Ted Sarandos highlighted that Netflix and YouTube together account for about 50% of all TV streaming in the U.S. Netflix aims to capture the remaining 80% of TV time. The company reported a successful second quarter with $9.56 billion in revenue, surpassing estimates, and has discontinued its most affordable ad-free subscription plan in the U.S. and France.

Portfolio Pulse from Ananya Gairola

July 19, 2024 | 5:44 am

EEFT

Euronet Worldwide (NASDAQ:EEFT) reported Q2 2024 earnings of $2.25 per share, missing the analyst estimate of $2.26. Sales were $986.2 million, below the $1.007 billion estimate. Despite missing estimates, earnings and sales increased year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:16 am

BBJP

DXJ

EWJ

Japan's National Consumer Price Index (CPI) for June increased by 0.3% month-over-month, compared to a 0.5% rise in the previous month. This indicates a slowdown in inflation growth.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 4:53 am

DOGEUSD

PEPEUSD

SHIBUSD

Shiba Inu (SHIB) experienced a significant 875% increase in its burn rate, removing 52 million tokens from circulation. However, this was overshadowed by a massive sell-off of 5.4 trillion SHIB tokens, worth $94 million, following a hack on the WazirX exchange. The price of SHIB fell 8%, and the overall memecoin market cap dropped 4.49%. Trading volume for SHIB tripled to $1.29 billion, indicating panic-selling.

Portfolio Pulse from Aniket Verma

July 19, 2024 | 4:12 am

PLNH

Planet 13 has expanded its footprint with the acquisition of VidaCann, adding 30 dispensaries in Florida and planning further expansion. The company also launched a lifestyle brand and apparel line to diversify revenue streams. Updates on stores in California and Illinois show growth despite market challenges. Vertical integration remains a key strategy for higher margins.

Portfolio Pulse from Nicolás Jose Rodriguez

July 18, 2024 | 11:08 pm

TSLA

TSLL

TSLT

WANT

XLY

Automobile manufacturers are reducing investments in electric vehicles (EVs) due to consumer hesitance over high costs and inconvenience. Ford is refitting a plant to produce gas-fired trucks instead of EVs, General Motors is cutting EV production by 50,000 units, and Tesla is pulling back on new factory plans. ETFs holding Tesla shares showed mixed performance.

Portfolio Pulse from Michael Juliano

July 18, 2024 | 10:20 pm