Streetbeat News

Revenues

NVDA

CoreWeave CEO Mike Intrator highlighted the relentless demand for Nvidia's AI chips, noting that customers are exclusively seeking Nvidia technology. Despite offering various options, CoreWeave's clients are only interested in Nvidia chips due to their performance. Nvidia has consistently exceeded financial expectations and is seen as a key player in the AI revolution. Nvidia shares have surged 138% year-to-date, although they were down 6.59% at the time of publication.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 7:48 pm

NFLX

The Duffer Brothers, creators of 'Stranger Things,' are set to produce a new horror series titled 'Something Very Bad Is Going To Happen' for Netflix. This new series is written by Haley Z. Boston and is described as an atmospheric horror set at a wedding. The Duffer Brothers have an overall deal with Netflix and have several other projects in the pipeline, including a 'Stranger Things' spinoff and a live-action adaptation of 'Death Note.'

Portfolio Pulse from Chris Katje

July 17, 2024 | 7:45 pm

EXR

Extra Space Storage (NYSE:EXR) has outperformed the market over the past 20 years with an average annual return of 13.84%, surpassing the market by 5.32% annually. A $1000 investment in EXR 20 years ago would be worth $13,360 today.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 7:30 pm

CONN

Furniture retailer Conn's Inc. is planning to close around 100 stores and liquidate inventory as part of a potential bankruptcy filing. The company is also seeking financing to support the bankruptcy process.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:26 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) shares surged by 23.7% following strong fiscal Q4 2024 results and optimistic FY25 guidance. The company reported net revenue of $16.6 million and non-GAAP net income of $0.84 per share, both beating estimates. Aehr projects FY25 revenue of $70 million, surpassing the consensus estimate. The company also highlighted its success in the silicon carbide power semiconductor market and announced the acquisition of Incal Technology.

Portfolio Pulse from Vaishali Prayag

July 17, 2024 | 7:25 pm

FE

FirstEnergy Corp. (NYSE:FE) received the remaining $1.2 billion from the $3.5 billion sale of a 30% ownership interest in its FirstEnergy Transmission, LLC to Brookfield Super-Core Infrastructure Partners. The proceeds will be used to strengthen the balance sheet and support the Energize365 grid investment program.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:10 pm

IMXUSD

Immutable (IMX) has seen a 6.42% price increase in the past 24 hours, continuing a positive trend with a 24.0% gain over the past week. Trading volume has climbed 48.0%, and the circulating supply has increased by 2.1%. The current market cap is $2.49 billion, ranking #46.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 7:02 pm

LNG

Five analysts have provided ratings for Cheniere Energy (NYSE:LNG) over the past quarter, with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $202.4. Cheniere Energy faces challenges with revenue growth and net margin but shows strong return on equity.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 7:02 pm

AVB

EQR

ESS

INVH

MAA

REZ

SCHH

VNQ

Foreign investment in U.S. homes has dropped to its lowest in 15 years due to high prices and low supply. This trend marks the seventh consecutive yearly decline. The U.S. real estate market is affected by high inflation and rising mortgage rates, which have reduced the supply of homes. Anticipation of a potential Fed rate cut has already caused a slight improvement in mortgage applications. Real estate companies and ETFs focused on the residential sector may see short-term impacts.

Portfolio Pulse from Natan Ponieman

July 17, 2024 | 7:00 pm

KNSL

Kinsale Capital Group (NYSE: KNSL) has significantly outperformed the market over the past 5 years, delivering an average annual return of 34.44%. A $1000 investment in KNSL 5 years ago would be worth $4,363.93 today. The company's current market capitalization is $9.18 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 7:00 pm