Streetbeat News

Revenues

GLD

XLF

XRT

Multiple banks reported earnings, June retail sales beat estimates, and gold prices rose. This news impacts various sectors including banking, retail, and commodities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:49 pm

KSCP

Knightscope has introduced the K1 Laser Solution, targeting the $80+ million security camera market. This advanced monitoring and safety technology uses Lidar-based detection and integrated perception software to enhance situational awareness, aiming to improve safety in public spaces.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:35 pm

HASI

PRYMF

PRYMY

TPIC

The clean energy sector is poised for growth in 2024, with three under-the-radar stocks—Hannon Armstrong Sustainable Infrastructure Capital Inc (HASI), TPI Composites Inc (TPIC), and Prysmian Group SpA (PRYMF, PRYMY)—showing strong upside potential. These companies are well-positioned to benefit from favorable market conditions and strategic initiatives.

Portfolio Pulse from Surbhi Jain

July 16, 2024 | 1:33 pm

PSHG

Performance Shipping has entered into a sale and leaseback agreement for a newbuild LR2 Aframax tanker. The bareboat financing totals $44.25 million, and the tanker is sold for an 8-year period at $7,132 per day with a balloon payment of approximately $23.7 million payable with the last installment.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:31 pm

FRES

Fresh2 Group Ltd. (NASDAQ:FRES) has partnered with over 50 influencers to boost its video e-commerce business, resulting in rapid sales growth and expanded market presence in the e-commerce sector.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:28 pm

DIS

NFLX

Disney is developing new streaming features such as personalized algorithms, customized promotional art, and reminder emails for unfinished series. They are also introducing pop-up live channels to enhance user experience, making it more similar to Netflix. CEO Iger has been attending biweekly streaming strategy meetings since late 2022. These features are expected to roll out in the next six months.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:25 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares are trading higher after appointing Morgan Stanley as a financial advisor to explore AI monetization opportunities. This comes after a short report from Culper Research led to a significant drop in the stock price. Despite the report, Iris Energy remains focused on its growth and expansion plans.

Portfolio Pulse from Adam Eckert

July 16, 2024 | 1:25 pm

IAI

SCHW

YALL

Charles Schwab Corporation (NYSE:SCHW) reported mixed Q2 2024 results with a decline in net income and EPS, but a slight revenue beat. Asset management fees rose significantly, but interest income declined. Deposits fell, while client trades and new assets grew. SCHW shares are down 7.77% premarket.

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 1:19 pm

MS

Morgan Stanley (NYSE:MS) reported strong Q2 earnings with EPS of $1.82, beating the consensus of $1.65. The bank's sales were $15.02 billion, up 11.6% year-over-year, driven by a rebound in trading and investment banking. Institutional Securities and Wealth Management both showed strong performance. Despite the positive results, MS shares were down 2.92% in premarket trading.

Portfolio Pulse from Vandana Singh

July 16, 2024 | 1:17 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) is poised for significant growth with a $150 billion AI silicon market opportunity over the next five years, according to JPMorgan analyst Harlan Sur. The company is seeing strong booking trends in both AI and non-AI segments, indicating robust near-term and long-term prospects.

Portfolio Pulse from Surbhi Jain

July 16, 2024 | 1:14 pm