Streetbeat News

Revenues

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

NOG

Analysts have provided mixed ratings for Northern Oil & Gas (NYSE:NOG) over the past quarter, with a range of bullish to indifferent opinions. The average 12-month price target has slightly increased to $48.44. Key financial metrics show strong revenue growth but challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 2:00 pm

LIN

Linde (NASDAQ:LIN) has outperformed the market over the past 5 years, delivering an average annual return of 16.49%. A $100 investment in LIN 5 years ago would be worth $213.76 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 2:00 pm

SPY

USA factory orders for May decreased by 0.5%, missing the estimated increase of 0.2% and down from the 0.4% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:00 pm

CGC

DBCCF

MSOS

OGI

TLRY

Decibel Cannabis Co. (OTCQB:DBCCF) faces market challenges with a 16% revenue drop in Q1 2024, despite leading the infused pre-roll segment in Canada. Increased competition and changing consumer trends have impacted sales and margins. The company is implementing cost-saving initiatives and new product launches to address these issues. Decibel's stock has dropped 53% over the last three months, contrasting with a 27% decline in the MSOS ETF and a 4% increase in the S&P 500.

Portfolio Pulse from Nicolás Jose Rodriguez

July 03, 2024 | 1:59 pm

BYND

Beyond Meat's plant-based Beyond The Original Orange Chicken is returning to Panda Express starting July 3rd due to high demand. The dish will be available for a limited time.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:50 pm