Streetbeat News

Revenues

AMPG

AmpliTech Group, Inc. (NASDAQ:AMPG) released a letter to shareholders from CEO/CTO Fawad Maqbool, addressing recent developments and reaffirming the company's commitment to its business plan. The letter highlights the company's achievements, including its leadership in 5G, quantum computing, and satellite technologies, and assures investors of its financial discipline and strategic growth plans.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:32 pm

SYPR

Sypris Solutions has entered into an extension of its supply agreement with a global truck OEM. This extension is expected to strengthen Sypris' position in the market and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:31 pm

SPY

Building permits in the U.S. increased by 3.4% in June, indicating a potential rise in construction activity.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:30 pm

SPY

USA Housing Starts for June increased by 3.0%, compared to a decline of 4.6% in the previous month.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:30 pm

SPY

USA housing starts for June came in at 1.353 million, surpassing the estimated 1.300 million and the revised prior figure of 1.314 million.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:30 pm

SPY

Building permits for June came in at 1.446 million, surpassing the estimated 1.4 million. This indicates a stronger-than-expected housing market.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:30 pm

FTXO

IAT

USB

U.S. Bancorp (NYSE:USB) reported its Q2 FY24 earnings, showing a dip in net interest income but growth in fee income. Revenue was $6.867 billion, beating expectations. Net interest income fell 8.9% Y/Y, while non-interest income rose 3.3% Y/Y. Adjusted EPS was $0.98, beating the consensus of $0.94. The provision for credit losses decreased by 30.8% Y/Y. USB shares are up 1.41% premarket.

Portfolio Pulse from Lekha Gupta

July 17, 2024 | 12:29 pm

FDIS

TSLA

XLY

Tesla Inc (NASDAQ:TSLA) has extended the delivery wait times for its Model 3 sedan in China to 3-5 weeks. The Model Y's delivery time remains unchanged. Tesla's Shanghai factory, which produces both models, has an annual production capacity of over 950,000 units. Tesla sold 59,261 vehicles in China in June, a decrease from last year but an increase from May. Tesla's stock has lost over 11% in the last 12 months. Investors can gain exposure to Tesla via ETFs like XLY and FDIS.

Portfolio Pulse from Shivani Kumaresan

July 17, 2024 | 12:25 pm

OXBR

Oxbridge Re Holdings Limited (Nasdaq: OXBR) announced a strategic collaboration with Zoniqx to expand the footprint of its subsidiary, SurancePlus, by leveraging blockchain technology to tokenize reinsurance contracts. SurancePlus also completed a private placement raising approximately $2.88 million.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:21 pm

NTCT

NETSCOUT SYSTEMS, INC. (NASDAQ:NTCT) has launched a new suite of Business Edge Observability products aimed at enhancing performance management for networks, applications, and user experience. These products, including the nGenius Edge Sensor and Remote InfiniStreamNG solutions, are designed to provide IT observability for remote locations, helping to mitigate risks and reduce Mean Time to Repair (MTTR).

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:17 pm