Streetbeat News

Revenues

JPM

Chase Bank, a division of JPMorgan Chase & Co. (NYSE:JPM), warns customers of potential new charges on bank accounts due to proposed regulations capping overdrafts and late fees. Free services like checking accounts and wealth management tools may soon incur fees.

Portfolio Pulse from Vandana Singh

July 05, 2024 | 3:02 pm

SNN

Smith & Nephew Plc (NYSE:SNN) shares surged after activist investor Cevian Capital took a 5% stake, aiming to improve the company's operating performance. The company has faced challenges, including a significant drop in market capitalization and supply chain issues. Despite these challenges, Smith & Nephew reported solid revenue growth in its Orthopaedics and Sports Medicine & ENT businesses for Q1 2024.

Portfolio Pulse from Vandana Singh

July 05, 2024 | 3:02 pm

MCO

Over the past three months, four analysts have provided diverse ratings for Moody's (NYSE:MCO), ranging from bullish to bearish. The average 12-month price target has increased by 5.22% to $408.5. Analysts from Morgan Stanley, Oppenheimer, Stifel, and Baird have raised their price targets, reflecting positive sentiment. Moody's has shown strong financial performance with a 21.5% revenue growth rate, a net margin of 32.31%, and an ROE of 16.74%. However, its debt-to-equity ratio of 2.05 raises concerns about financial leverage.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:02 pm

BTCUSD

DOGEUSD

Dogecoin (DOGE) experienced a significant price drop due to whale movements and Bitcoin's decline. Around 400 million DOGE was transferred to Binance, indicating a potential dump. Despite the drop, analysts predict a huge rebound based on Wyckoff Accumulation. Long liquidations spiked to $7.4 million, the highest since June 18.

Portfolio Pulse from Khyathi Dalal

July 05, 2024 | 3:02 pm

DKS

Dick's Sporting Goods (NYSE:DKS) has outperformed the market over the past 15 years with an average annual return of 17.68%. A $100 investment in DKS 15 years ago would be worth $1,198.66 today. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:02 pm

IVV

NVDA

SPY

Nvidia Corp (NASDAQ:NVDA) is projected to sell $12 billion worth of AI chips in China this year, despite U.S. export controls. The company is expected to deliver over 1 million H20 chips, designed to bypass these restrictions. This could significantly boost Nvidia's revenue, although the company is under scrutiny for potential smuggling of advanced AI chips into China. Nvidia's stock has surged over 203% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

July 05, 2024 | 3:02 pm

DGX

In the past three months, 7 analysts have provided ratings for Quest Diagnostics (NYSE:DGX), with most being indifferent. The average 12-month price target has increased to $149.71. Analysts have raised their price targets, reflecting a positive outlook. Quest Diagnostics shows strong financial performance with notable net margins, ROE, and ROA, and a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:02 pm

DSX

Diana Shipping has extended its time charter contract with Nippon Yusen for the vessel m/v Los Angeles. The new charter rate is $28,700 per day minus a 5% commission, effective from July 18, 2024, until a period between October 1, 2025, and December 15, 2025.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

QQQ

SPY

The June labor market report for the U.S. shows mixed conditions with robust job growth but slowing wage increases. The economy added 206,000 jobs, exceeding expectations, while the unemployment rate rose slightly to 4.1%. Wage growth decelerated, supporting expectations for potential interest rate cuts by the Federal Reserve. The market reacted positively, with futures on major U.S. indices rising.

Portfolio Pulse from Piero Cingari

July 05, 2024 | 3:01 pm

TSLA

Tesla's Model Y has been included in the Chinese government's purchase list for the first time, marking a significant milestone for the company. This inclusion could boost Tesla's sales in China, especially given the Model Y's popularity. Tesla's stock recently saw a 6.5% increase.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 3:01 pm