Streetbeat News

Revenues

CCEL

Cryo-Cell International reported Q2 2024 sales of $8.000 million, slightly above the estimated $7.954 million.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:47 pm

CCSO

CUT

FPX

LBAY

SMN

Shipping costs for a 40-foot container from Shanghai to New York have surged to nearly $10,000 due to ships avoiding the Suez Canal amid Houthi rebel threats. The Drewry World Container Index spot rate hit $9,387, more than double the February rate. Concerns over potential tariffs if Trump wins the 2024 election are also causing importers to rush shipments. ETFs tracking shipping container stocks saw mixed performance.

Portfolio Pulse from Michael Juliano

July 15, 2024 | 8:46 pm

NVMI

Nova (NASDAQ:NVMI) has significantly outperformed the market over the past 15 years, with an annualized return of 44.21%. A $100 investment in NVMI 15 years ago would be worth $23,325.24 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 8:30 pm

TPL

Texas Pacific Land (NYSE:TPL) has significantly outperformed the market over the past 5 years, delivering an average annual return of 35.17%. A $1000 investment in TPL 5 years ago would now be worth $4,512.45. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 8:30 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are trading higher following a failed assassination attempt on former President Donald Trump. Bitcoin, Ethereum, and Dogecoin are among the top gainers. Notable statistics include increased transaction volumes and active addresses. Key developments include a recovery in spot ETF demand and comments from BlackRock's CEO on Bitcoin's legitimacy.

Portfolio Pulse from Khyathi Dalal

July 15, 2024 | 8:23 pm

FBK

FB Financial (NYSE:FBK) reported Q2 earnings of $0.84 per share, beating the analyst estimate of $0.76. Sales were $128.22 million, surpassing the $123.54 million estimate. Both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:18 pm

CYN

Cyngn Inc. (NASDAQ:CYN) shares surged over 50% following the announcement of a new U.S. patent and a partnership with Alta Equipment Group. The company has been volatile, with shares being halted multiple times. Despite reporting a significant loss last quarter, the stock price has reacted positively to recent developments.

Portfolio Pulse from Vaishali Prayag

July 15, 2024 | 8:15 pm

WBD

Warner Bros. Discovery Inc's Warner Bros. Games and NetherRealm Studios have unveiled the final DLC character for Mortal Kombat 1, Takeda Takahashi, set for release on July 23. The character will be available initially to Premium Edition or Kombat Pack 1 owners, with broader availability a week later. Future developments for Mortal Kombat 1 are expected to be revealed at San Diego Comic-Con 2024.

Portfolio Pulse from Franca Quarneti

July 15, 2024 | 8:14 pm

NFLX

Bank of America analyst Jessica Reif Ehrlich reiterated a Buy rating on Netflix (NASDAQ:NFLX) and raised the price target from $700 to $740. Ehrlich expects Netflix to add 4.6 million net subscribers in Q2 and forecasts $9.49 billion in revenue. She highlights long-term growth drivers, including a significant advertising ramp in 2025 and 2026, and increased optimism around Netflix's ad-supported plan.

Portfolio Pulse from Chris Katje

July 15, 2024 | 8:10 pm

RMCF

Rocky Mountain Chocolate (NASDAQ:RMCF) reported a Q1 EPS of $(0.26), down from $(0.24) YoY, and sales of $6.41M, down from $6.44M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:09 pm