Streetbeat News

Revenues

CRWS

INFN

KRUS

NKE

NOK

Key stocks to watch on Friday include Crown Crafts, Nokia, Infinera, Nike, and Kura Sushi. Crown Crafts is set to release earnings, Nokia plans to acquire Infinera, Nike reported mixed Q4 results, and Kura Sushi issued soft guidance.

Portfolio Pulse from Avi Kapoor

June 28, 2024 | 6:25 am

AAPL

GOOG

GOOGL

The NFL faces a $4.7 billion verdict, potentially tripling to $14 billion, after losing a jury trial over anticompetitive aspects of its Sunday Ticket broadcast package. The lawsuit alleged that the NFL and DirecTV conspired to inflate subscription costs for out-of-market games. Apple and Alphabet were previously in competition for the NFL's TV rights, with YouTube (owned by Alphabet) securing a seven-year contract.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 6:24 am

NKLA

TSLA

Nikola Corp. has delivered a hydrogen fuel cell electric semi-truck to Walmart Canada, marking the first major retailer in the country to adopt this technology. The truck will be used for longer-haul trips in Ontario. This move highlights Walmart Canada's commitment to embracing new technology. Meanwhile, Tesla continues to expand its semi-truck fleet with PepsiCo, with plans for high-volume production by late 2025. Nikola reported $7.5 million in revenue and a net loss of $147.7 million for the first quarter.

Portfolio Pulse from Anan Ashraf

June 28, 2024 | 6:14 am

CHWY

DJT

NKE

PLTR

TSLA

Major U.S. stock indices closed positively on Thursday. Key stocks on investors' radars included Trump Media & Technology Group, Palantir Technologies, Nike, Chewy, and Tesla. Trump Media shares declined, Palantir rose due to a strategic partnership, Nike saw a slight increase despite a revenue drop, Chewy declined slightly, and Tesla rose following optimistic comments from Elon Musk.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 3:01 am

MXC

Mexco Energy reported FY24 EPS of $0.64 and operating revenues of $6.604 million. The company has $2.4 million cash on hand, no outstanding debt, and is actively seeking opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:27 pm

OII

Oceaneering International, Inc. (OII) has secured multiple contractual agreements for vessel services with global energy companies, focusing on operations in the Gulf of Mexico.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:02 pm

INFN

NOK

Nokia expects its combination with Infinera to deliver EUR 200M of net comparable operating profit synergies by 2027. The transaction is projected to accelerate Nokia's journey to a double-digit operating margin in its Optical Networks business.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:59 pm

INFN

NOK

Nokia expects its deal with Infinera to be accretive to comparable operating profit and EPS in the first year and to deliver over 10% comparable EPS accretion by 2027.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:56 pm

SPY

The upcoming debate between President Joe Biden and former President Donald Trump is expected to focus on the economy and foreign policy. Both candidates have policies that could lead to increased inflation and fiscal spending. Market reactions, particularly long-term Treasury yields and the VIX, are anticipated to be volatile post-debate.

Portfolio Pulse from Piero Cingari

June 27, 2024 | 8:56 pm

GLD

IWM

SPY

TLT

UUP

The upcoming PCE price index report for May, scheduled for release on Friday, is expected to show a slight decrease in inflation. If the report meets or exceeds these expectations, it could bolster investor hopes for Fed rate cuts, potentially sparking a market rally. Key ETFs to watch include SPY, UUP, TLT, GLD, and IWM.

Portfolio Pulse from Piero Cingari

June 27, 2024 | 8:53 pm