Streetbeat News

Revenues

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

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

VST

Vistra (NYSE:VST) has significantly outperformed the market over the past 5 years, delivering an average annual return of 29.37%. A $1000 investment in VST 5 years ago would be worth $3,594.17 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 7:00 pm

BCHUSD

Bitcoin Cash (BCH) has seen a 3.89% price drop in the past 24 hours, despite a 12% increase over the past week. Trading volume has risen by 59% over the week, while the circulating supply has slightly decreased. BCH's market cap is currently ranked #18 at $7.41 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 7:00 pm

AMZN

GOOG

GOOGL

Needham analyst Laura Martin highlights the untapped potential of Amazon's Twitch, estimating it to be worth $46 billion. Martin reiterates a Buy rating for Amazon, raising the price target from $205 to $210, and suggests Amazon should be valued as a Services company due to its expanding margins and potential upside from generative AI. The analysis underscores Twitch's strategic benefits and Amazon's ability to build successful businesses, which could lead to a valuation multiple expansion.

Portfolio Pulse from Surbhi Jain

July 17, 2024 | 6:45 pm

ETHE

Bitwise CIO Matt Hougan predicts Ethereum (ETH) will reach $5,000 by the end of 2024, driven by ETP inflows. Key factors include Ethereum's 0% inflation rate, reduced selling pressure from validators, and a significant portion of ETH supply being locked. Hougan anticipates $15 billion in ETP inflows over 18 months, despite potential initial market choppiness from Grayscale Ethereum Trust (ETHE) outflows.

Portfolio Pulse from Murtuza Merchant

July 17, 2024 | 6:41 pm