Streetbeat News

Revenues

GLNCY

Experts, including an executive from Glencore ADR (OTC:GLNCY), highlight that the U.S. permitting system is hindering the domestic battery metals industry. They argue that the slow permitting process creates uncertainty, making it difficult to attract capital and develop projects, which in turn affects the supply chain for battery materials.

Portfolio Pulse from Matt Whittaker

June 28, 2024 | 5:01 pm

SPY

Fed's Bowman indicates that Congress is not interested in pursuing a Central Bank Digital Currency. She also mentions strong employment figures but notes that the inflation goal has not yet been reached. The Fed will continue its efforts to achieve its inflation target at its own pace.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 5:00 pm

BYDDF

BYDDY

TM

BYD Co., Ltd. (OTC:BYDDY) (OTC:BYDDF) has commenced production of its first hybrid SUVs at its Uzbekistan plant, marking a significant milestone. The company aims to drive green transportation in the region and has plans to expand its NEV industry in Central Asia. Additionally, BYD has started selling a third electric model in Japan.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 4:53 pm

DKS

FL

NKE

Nike's Q4 earnings report revealed a 2% revenue decline and a 12% drop in after-hours trading. The company is struggling with weak international demand and lowered its FY 2025 sales outlook. Nike is attempting to restore relationships with wholesalers like Foot Locker and Dick's Sporting Goods to boost sales.

Portfolio Pulse from Upwallstreet

June 28, 2024 | 4:31 pm

LEU

The U.S. government will invest $2.7 billion in domestic uranium enrichment to reduce reliance on Russian imports and strengthen national security. This initiative will benefit U.S.-based nuclear fuel suppliers like Centrus Energy Corp (AMEX:LEU).

Portfolio Pulse from Stjepan Kalinic

June 28, 2024 | 4:31 pm

GE

GE Aerospace has delivered two T901-GE-900 engines to the U.S. Army for testing on the UH-60 Black Hawk. The engines, which incorporate advanced technologies, were unveiled at Sikorsky’s facility. This follows the inaugural ground run of an aircraft equipped with a T901 engine. GE shares are trading lower by 0.45%.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 4:22 pm

AAPL

DIS

GOOG

T

A federal jury has ruled that the NFL must pay between $4.7 billion and $14.4 billion in damages for anticompetitive practices related to the Sunday Ticket package. This ruling could significantly impact NFL teams financially, with each team potentially paying $449.6 million. The NFL plans to appeal the verdict.

Portfolio Pulse from Chris Katje

June 28, 2024 | 4:21 pm

CINF

Analysts' ratings for Cincinnati Financial (NASDAQ:CINF) show mixed sentiments, with recent ratings ranging from bullish to indifferent. The average 12-month price target has increased to $130.0, reflecting a 2.1% rise. Key analysts from Citigroup, Keefe, Bruyette & Woods, and Piper Sandler have updated their ratings and price targets, indicating a positive outlook. Cincinnati Financial has shown strong financial performance with notable revenue growth, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 4:00 pm

ELTX

Elicio Therapeutics Inc (NASDAQ:ELTX) released preliminary data from its AMPLIFY-7P Phase 1a study of the cancer vaccine candidate ELI-002 7P. The data showed that patients receiving the 4.9mg dose have not yet reached the median disease-free survival (DFS) endpoint. Additionally, Elicio priced a public offering of 500k shares and warrants at $5.00. ELTX shares are down 36.9% to $4.345.

Portfolio Pulse from Vandana Singh

June 28, 2024 | 3:41 pm

NXPI

VGK

The European Union has issued a warning that its chipmakers may lose market share in China. This development could have significant implications for companies like NXP Semiconductors (NXPI) and the Vanguard FTSE Europe ETF (VGK).

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 3:36 pm