Streetbeat News

Revenues

SPY

USO

USA crude oil inventories saw a significant draw of 12.157 million barrels, much larger than the estimated draw of 0.400 million barrels and the previous build of 3.591 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:30 pm

ASND

Ascendis Pharma (NASDAQ:ASND) has significantly outperformed the market over the past 15 years, delivering an average annual return of 28.27%. A $1000 investment in ASND 15 years ago would be worth $45,483.28 today. The company's current market capitalization is $7.79 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 2:30 pm

ZCAR

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) shares are trading higher after the company announced an expected increase in fiscal year 2024 revenue and a significant decline in net loss. The company attributes these improvements to higher duration bookings, reduced incentive payments, and cost-saving measures.

Portfolio Pulse from Erica Kollmann

July 03, 2024 | 2:24 pm

STZ

Constellation Brands (NYSE:STZ) reported strong first quarter results, driven by robust beer sales which offset weaker performance in its wine and spirits segment. The company surpassed Wall Street profit estimates and raised its earnings outlook for the full fiscal year.

Portfolio Pulse from Upwallstreet

July 03, 2024 | 2:18 pm

META

Meta Platforms' CEO Mark Zuckerberg announced on Threads that the platform now has over 175 million monthly active users, highlighting significant growth over the past year.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:18 pm

GLD

SLV

Gold and silver prices are rising due to a weaker dollar and softer-than-expected employment data, which may influence Federal Reserve policy.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:17 pm

IYT

JETS

UAL

United Airlines Holdings Inc (NASDAQ:UAL) shares are trading higher due to the introduction of a new feature that enhances customer communication during weather delays. The feature uses generative AI tools to send real-time updates and radar maps to customers. United anticipates a record number of passengers over the Fourth of July weekend. The stock has lost over 12% in the last 12 months but is currently trading higher by 0.29%. Investors can also access the stock via U.S. Global Jets ETF (NYSE:JETS) and iShares U.S. Transportation ETF (BATS:IYT).

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 2:12 pm

ALK

IYT

JETS

Alaska Airlines flight attendants are set to receive a 32% pay raise as part of a new three-year tentative labor agreement. This agreement includes boarding pay, enhanced holiday and overtime pay, and 20 months of retroactive pay. The deal awaits ratification by the Association of Flight Attendants (AFA) union members. Alaska Air reported a 2% year-over-year revenue growth for Q1 FY2024, beating consensus estimates. ALK shares have lost over 25% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 2:09 pm

BHP

FCX

RIO

SCCO

Shares of copper companies are trading higher due to an increase in copper prices, optimism for a stimulus in China, and potential rate cuts in the United States.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:04 pm

EXPE

Expedia Group (NASDAQ:EXPE) has outperformed the market over the past 15 years with an average annual return of 15.37%, surpassing the market by 2.4% annually. A $1000 investment in EXPE 15 years ago would be worth $8,948.69 today.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 2:00 pm