Streetbeat News

Revenues

AMC

CHWY

GME

AMC Entertainment Holdings Inc (NYSE:AMC) shares are experiencing volatility due to multiple factors. The success of 'Inside Out 2' at the box office, generating $1.014 billion globally, is a positive development. However, the news of GameStop Corp (NYSE:GME) trader Keith Gill's new stake in Chewy Inc (NYSE:CHWY) and the subsequent drop in GameStop shares are weighing on AMC. Additionally, AMC is in talks with lenders to reduce its $2.8 billion debt due in 2026.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 6:24 pm

CCL

NCLH

RCL

Shares of major cruise line stocks, including Carnival Corporation (NYSE:CCL), Royal Caribbean Cruises Ltd. (NYSE:RCL), and Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), are trading lower as Category 4 Hurricane Beryl impacts the Caribbean. The hurricane's potential to disrupt cruise routes and cause cancellations is causing investor concern.

Portfolio Pulse from Erica Kollmann

July 01, 2024 | 6:11 pm

AMZN

RIVN

Rivian is accelerating the shipment of its delivery vans to Amazon in Europe, marking a significant step in their partnership and expansion into the European market.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:04 pm

VKTX

Viking Therapeutics (NASDAQ:VKTX) has significantly outperformed the market over the past 5 years, with an average annual return of 46.66%. A $1000 investment in VKTX 5 years ago would be worth $6,784.41 today. The company's market capitalization is currently $6.14 billion.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 6:00 pm

JPM

JPMorgan Chase (NYSE:JPM) has outperformed the market over the past 10 years with an average annual return of 13.99%, resulting in a $100 investment growing to $364.51. The article highlights the impact of compounded returns on long-term investment growth.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 6:00 pm

USO

Oil prices are rising as traders expect increased demand during the summer and better-than-expected Chinese manufacturing activity data.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 5:51 pm

ARCH

BTU

TTE

Shares of oil and gas companies are trading higher as traders anticipate an increase in demand during the summer, bolstered by better-than-expected Chinese manufacturing activity data.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 5:50 pm

POET

POET Technologies Inc. (NASDAQ:POET) shares surged after winning the 'Best Optical AI Solution' award at the AI Breakthrough Awards. The company's POET Optical Interposer technology, which enhances optical communication, has driven significant trading volume. Despite a 39.59% decline over the past year, the stock has risen 54.34% in the past month. Currently, the stock is considered overbought with an RSI of 74.67.

Portfolio Pulse from Erica Kollmann

July 01, 2024 | 5:44 pm

AAPL

Apple Inc (NASDAQ:AAPL) shares rose after Needham analyst Laura Martin maintained a Buy rating and a $220 price target. Key insights include an extended smartphone replacement cycle, strategic pricing adjustments, and a focus on first-party sales channels. The global smartphone market is declining, but Apple aims to attract new consumers by subsidizing lower-cost iPhones.

Portfolio Pulse from Anusuya Lahiri

July 01, 2024 | 5:41 pm

ADBE

ALNY

AVGO

COPX

CRWD

IBB

IGV

OLED

ORCL

QRVO

RNA

SCLX

SMH

SPY

XBI

XLK

XLU

June saw significant performance disparities across sectors and industries. The technology sector led gains, with the Technology Select Sector SPDR Fund (XLK) surging 7.7%. The iShares Expanded Tech-Software Sector ETF (IGV) topped industry ETFs with an 11.3% gain, followed by the VanEck Semiconductor ETF (SMH) at 8.4%. Notable stock performers included Adobe (ADBE), CrowdStrike (CRWD), Oracle (ORCL), Broadcom (AVGO), and Scilex (SCLX). The VanEck Semiconductor ETF also attracted over $1 billion in inflows.

Portfolio Pulse from Piero Cingari

July 01, 2024 | 5:38 pm