Streetbeat News

Revenues

DBA

Inflation has driven the cost of a traditional Fourth of July cookout to record highs, with a 5% increase from last year and a 30% rise over five years. Meat prices, particularly beef and pork, have seen significant hikes, while chicken prices have decreased. The Invesco DB Agriculture Fund (NYSE:DBA) has surged 13% in the past year, reflecting the broader trend in rising agricultural commodity prices.

Portfolio Pulse from Piero Cingari

July 05, 2024 | 2:59 pm

XPO

XPO (NYSE:XPO) has significantly outperformed the market over the past 15 years, achieving an average annual return of 47.61%. A $100 investment in XPO 15 years ago would be worth $34,422.83 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 2:59 pm

MPC

Marathon Petroleum (NYSE:MPC) has significantly outperformed the market over the past 10 years, delivering an average annual return of 16.18%. A $100 investment in MPC 10 years ago would be worth $449.67 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 2:59 pm

TSLA

Chinese automakers are gaining market share in the UK, with significant increases in vehicle registrations, while US automakers like Tesla and Ford are seeing declines. This shift is attributed to aggressive pricing strategies by Chinese EV makers amid economic slowdowns at home.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

EWU

QQQ

SPY

TLT

The U.S. stock markets, including NYSE and NASDAQ, will be closed on July 4, 2024, for Independence Day, with early closure on July 3. Bond markets will follow a similar schedule. International markets will remain open. The UK will hold parliamentary elections on July 4, but the FTSE 100 will operate normally. U.S.-based ETFs tracking UK stocks, like EWU, will not trade. Normal trading resumes on July 5, with attention on the U.S. jobs report. Analysts predict a deceleration in employment and salary growth for June.

Portfolio Pulse from Piero Cingari

July 05, 2024 | 2:59 pm

TSLA

Ford Motor Co (NYSE:F) saw a 61.4% increase in Q2 EV sales, selling 23,957 units, driven by the Mustang Mach-E. Despite surpassing General Motors Co (NYSE:GM) in EV sales, Ford still trails Tesla Inc (NASDAQ:TSLA), which delivered 443,956 vehicles globally. Ford's EVs are priced lower than Tesla's but have not yet attracted more customers.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

AMZN

Amazon secures a $2 billion deal with Australia's spy agency to migrate top-secret intelligence data to AWS, enhancing defense interoperability with the U.S. and creating 2,000 local jobs.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

ACHR

ARKK

AVAV

BLDE

DNA

NTLA

TDOC

TSLA

VERV

Cathie Wood's Ark Invest sold $3.25M worth of Tesla shares despite a recent rally driven by strong Q2 deliveries. Ark Invest also made trades involving Teladoc Health, Intellia Therapeutics, Verve Therapeutics, Archer Aviation, Ginkgo Bioworks, AeroVironment, and Blade Air Mobility.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

AMZN

CRM

Saks Fifth Avenue's parent company, HBC, is set to acquire Neiman Marcus for $2.65 billion, with Amazon and Salesforce taking minority stakes. The deal aims to create a luxury retail powerhouse with annual sales of around $10 billion.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

BTCUSD

ETHUSD

Bitcoin analyst Ali Martinez suggests that the recent price dip may not be over, or shorts could face significant losses. Despite market turbulence, only $280.9 million in longs and $25.4 million in shorts have been liquidated, far less than previous mass liquidation events. Bitcoin is currently trading at $59,061, down 1.80% in the last 24 hours.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm