Streetbeat News

Revenues

ZBAO

Zhibao Technology reported a 6-month EPS of $(0.03) and revenue of $11.9M, down 8% YoY. The decline was mainly due to reduced insurance brokerage service fees and MGU services. Despite the losses, the company is optimistic about future growth through organic means and strategic M&A opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:05 pm

NKE

SPY

Nike shares fell as markets reacted to the Trump-Biden debate and PCE data that aligned with estimates. Clean energy stocks and healthcare providers saw declines, while prison stocks and managed care stocks experienced gains.

Portfolio Pulse from Bill Haddad

June 28, 2024 | 8:04 pm

LEVI

NKE

Levi Strauss & Co. (NYSE: LEVI) reported its fiscal second quarter results, showing an earnings beat but a revenue miss. Despite an 8% YoY revenue increase to $1.44 billion, it fell short of the $1.45 billion estimate. Shares fell 15% in extended trading. Levi reaffirmed its full-year guidance and is transitioning to a third-party distribution network. Nike (NYSE: NKE) serves as a cautionary tale for this strategy.

Portfolio Pulse from Upwallstreet

June 28, 2024 | 7:45 pm

AMZN

EBCRY

SONY

Amazon Games is progressing with its Tomb Raider and The Lord of the Rings gaming projects, with reveals expected soon. The company emphasizes high-quality standards and plans to integrate these games with its broader entertainment offerings on Prime Video.

Portfolio Pulse from Franca Quarneti

June 28, 2024 | 7:45 pm

Micron Technology (NASDAQ:MU) has outperformed the market over the past 20 years with an average annual return of 11.8%. A $100 investment in MU 20 years ago would be worth $931.23 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 7:31 pm

DESK

HIW

INDS

NLOP

SLG

Goldman Sachs reports that the worst may be over for the commercial real estate (CRE) market, but a full recovery is still distant. While some cities like New York and San Francisco show improvements, high interest rates and structural issues in the office segment pose ongoing challenges. CRE-related ETFs and some stocks have shown mixed performance year-to-date.

Portfolio Pulse from Piero Cingari

June 28, 2024 | 7:30 pm

MCD

QSR

SBUX

WEN

YUM

Several major U.S. fast-food chains, including McDonald's, Burger King, Wendy's, Starbucks, and KFC, have introduced discounted meal deals to attract customers amid rising inflation. These deals offer significant savings compared to regular prices.

Portfolio Pulse from Hayden Buckfire

June 28, 2024 | 7:28 pm

ACB

CGC

CRON

OGI

SNDL

VFF

Aurora Cannabis (NASDAQ:ACB) has received a neutral rating from analyst Pablo Zuanic, who highlights the company's potential in international markets but also notes the challenges it faces. Aurora's financial projections show significant improvements, but the company must prove its growth strategies amid a competitive landscape. Other companies like Cronos Group (NASDAQ:CRON), Canopy Growth (NASDAQ:CGC), SNDL (NASDAQ:SNDL), Village Farms International (NASDAQ:VFF), and Organigram (NASDAQ:OGI) are also mentioned in the context of U.S. market strategies.

Portfolio Pulse from Nicolás Jose Rodriguez

June 28, 2024 | 7:13 pm

NCBDY

The 'Shadow of the Erdtree' DLC for Elden Ring has sold 5 million copies within three days of its release. Bandai Namco Holdings ADR (OTC:NCBDY) expressed gratitude to fans for this milestone. Despite initial mixed reviews, the DLC now enjoys a 'mostly positive' rating. FromSoftware's president, Hidetaka Miyazaki, hinted at potential movie adaptations of Elden Ring, provided a strong partnership is formed.

Portfolio Pulse from Franca Quarneti

June 28, 2024 | 7:12 pm

PEPEUSD

Pepe (CRYPTO: PEPE) has experienced a 3.76% price drop in the past 24 hours, contrasting with its 2.0% gain over the past week. Trading volume has decreased by 30.0% while the circulating supply has slightly increased. Pepe's market cap is currently ranked #25 at $4.97 billion.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 7:02 pm