Streetbeat News

Revenues

YSG

Yatsen Holding Ltd. (NYSE:YSG) has lowered its Q2 revenue guidance by 10%, likely due to poor performance during the June 18 online shopping festival. Despite the downgrade, the stock rose 3.5% as investors expected worse. The company now expects Q2 revenue to be between 772.7 million yuan and 815.6 million yuan, marking a year-on-year decline of 5% to 10%. Yatsen's revenue has been declining since 2021, and the latest forecast suggests the brief post-pandemic rebound has ended.

Portfolio Pulse from The Bamboo Works

July 15, 2024 | 4:44 pm

CCJ

Cameco (NYSE:CCJ) has significantly outperformed the market over the past 5 years, delivering an average annual return of 38.54%. A $100 investment in CCJ 5 years ago would be worth $508.92 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 4:30 pm

TREX

Trex Co (NYSE:TREX) has significantly outperformed the market over the past 10 years, delivering an average annual return of 27.72%. A $1000 investment in TREX 10 years ago would be worth $12,161.06 today. The company's current market capitalization is $8.86 billion.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 4:30 pm

INTC

Intel's short interest has decreased by 3.83%, with 96.01 million shares sold short, representing 2.26% of its float. This is lower than the peer group average of 5.23%. The decline in short interest suggests a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 4:30 pm

SPY

VIX

Alfonso Peccatiello, an economist, warns of increased macro volatility due to the upcoming U.S. presidential elections and the potential for a Donald Trump victory. He highlights the current low volatility in the S&P 500 and VIX but suggests that suppressed economic cycles and policy risks could lead to a turbulent market environment.

Portfolio Pulse from Piero Cingari

July 15, 2024 | 4:29 pm

CELH

PEP

Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower, continuing a downtrend due to poor sales growth and market share data. Analysts have lowered their price targets, and inventory reductions from PepsiCo Inc (NASDAQ:PEP) have also impacted the stock.

Portfolio Pulse from Adam Eckert

July 15, 2024 | 4:23 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares are down 2.7% to $17.63, likely due to profit-taking after a 17% gain last week. The Department of Energy's $1.7 billion investment in EV manufacturing and potential Federal Reserve rate cuts could benefit Rivian by reducing borrowing costs and boosting consumer spending on electric vehicles.

Portfolio Pulse from Henry Khederian

July 15, 2024 | 4:20 pm

GOOS

Canada Goose Holdings Inc (NYSE:GOOS) shares are down 7.32% to $12.15 due to China's softer-than-expected Q2 GDP growth, which has led to reduced consumer spending on luxury goods. This slowdown in retail sales growth in China, a key market for Canada Goose, is negatively impacting the company's sales and revenue.

Portfolio Pulse from Henry Khederian

July 15, 2024 | 4:15 pm

ZAPP

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) has received regulatory approval for its i300 urban motorcycle from the Driver and Vehicle Standards Agency in the UK. This approval allows the i300 to be used on public roads in the UK, with first customer deliveries expected in August 2024. Wider commercial rollout in Europe and Asia is planned for the following months.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 4:15 pm

BLK

COIN

DIA

DJT

IWM

MARA

MSTR

QQQ

SPY

XLE

XLU

The U.S. stock market hit new all-time highs ahead of Fed Chair Jerome Powell's speech. The Russell 2000 Index, tracked by the iShares Russell 2000 ETF (IWM), continued its rally, while energy and financial sectors outperformed. Bitcoin surged, boosting related stocks. Goldman Sachs and BlackRock rose on strong earnings, while Macy's plummeted after ending buyout talks.

Portfolio Pulse from Piero Cingari

July 15, 2024 | 4:03 pm