Streetbeat News

Revenues

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin retained their gains as investors anticipate a prolonged relief rally. Bitcoin broke $66,000 for the first time in a month, with analysts predicting further gains if it surpasses $65,000 and $66,250. Ethereum also breached $3,500, a level last seen on July 1. The global cryptocurrency market is up 1.11% in the last 24 hours, now standing at $2.4 trillion.

Portfolio Pulse from Aniket Verma

July 17, 2024 | 2:19 am

ARKF

TSLA

Cathie Wood of Ark Investment Management LLC believes Tesla Inc. (NASDAQ:TSLA) could see a significant surge in its stock price due to its move into the autonomous taxi business, which she estimates could be a global revenue opportunity of $8 trillion to $10 trillion. Despite a 43% slump in Tesla’s share prices this year, Wood remains bullish, highlighting Tesla's potential in the autonomous taxi sector. Tesla is a top holding in her Ark Innovation ETF (NYSE:ARKF).

Portfolio Pulse from Benzinga Neuro

July 17, 2024 | 1:46 am

AMC

CNK

NFLX

A new PwC report predicts that global cinema revenue will surpass pre-COVID-19 levels by 2026, a year later than previously forecasted. While this is positive news for movie theaters like AMC and Cinemark, the report highlights that streaming services, particularly those with ad-supported plans like Netflix, are expected to see significant growth in subscriptions and advertising revenue.

Portfolio Pulse from Chris Katje

July 16, 2024 | 11:15 pm

ACB

CGC

CRON

OGI

TLRY

Canadian cannabis companies outperformed their American counterparts last week, with significant gains in stock prices for companies like Aurora Cannabis, Tilray Brands, Cronos Group, Organigram, and Canopy Growth. In contrast, American multi-state operators showed more modest gains. The U.S. cannabis market presents a significant risk-reward opportunity, particularly for MSOs, despite regulatory challenges.

Portfolio Pulse from Rolando García

July 16, 2024 | 10:25 pm

PNFP

Pinnacle Financial Partners (NASDAQ:PNFP) reported Q2 2024 adjusted EPS of $1.63, beating the estimate of $1.61. However, sales were $366.550M, missing the $435.089M estimate. EPS decreased by 8.94% YoY, and sales decreased by 25.08% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:05 pm

GSBC

Great Southern Bancorp (NASDAQ:GSBC) reported Q2 2024 earnings per share (EPS) of $1.45, beating the analyst estimate of $1.21 by 19.83%. Sales were $46.818 million, slightly above the $46.669 million estimate. Despite the beats, both EPS and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:02 pm

CFB

FBK

FFWM

KRE

MBWM

MCB

PGC

SFBS

U.S. regional banks are experiencing significant gains, driven by expectations of interest rate cuts and a shift in investor sentiment towards small-cap stocks. The SPDR S&P Regional Banking ETF (KRE) rallied 4.5%, marking its strongest session since December 2023. Top performers include ServisFirst Bancshares (SFBS), Mercantile Bank Corporation (MBWM), and First Foundation Inc. (FFWM).

Portfolio Pulse from Piero Cingari

July 16, 2024 | 9:48 pm

BMRN

Biomarin Pharmaceutical (NASDAQ:BMRN) has significantly outperformed the market over the past 20 years, delivering an average annual return of 15.22%. A $1000 investment in BMRN 20 years ago would be worth $16,360 today. The company currently has a market capitalization of $16.31 billion.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 9:34 pm

AMX

Mexico's America Movil reported a Q2 net loss of 1.09 billion pesos and Q2 revenue of 205.52 billion pesos.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 9:31 pm

SAVE

Spirit Airlines Inc. (NYSE:SAVE) shares fell after the company announced lower-than-expected preliminary revenue estimates for Q2 2024, primarily due to underperformance in non-ticket revenue. The company cited competitive pressures and increased industry capacity as key factors.

Portfolio Pulse from Erica Kollmann

July 16, 2024 | 9:28 pm