Streetbeat News

Revenues

SPY

USA Pending Home Sales for May decreased by 2.1% compared to the estimated increase of 0.6%, and a prior decrease of 7.7%.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 2:00 pm

SPY

The USA Pending Home Sales Index for May has decreased to 70.8 from the previous 72.3, indicating a slowdown in the housing market.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 2:00 pm

SMPL

The Simply Good Foods Company (NASDAQ: SMPL) reported its fiscal Q3 2024 results, beating EPS estimates but missing revenue expectations. The company saw a rise in North American sales and gross profit, but international sales declined. The company also provided an optimistic outlook for FY24.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2024 | 1:57 pm

BTCUSD

Wang Yang, Vice President of HKUST, criticized China's ban on cryptocurrency mining, calling it a missed opportunity that has benefited the U.S. with $4 billion in tax revenue. He suggested alternative solutions and highlighted the need for Hong Kong to play a more proactive role in the digital asset ecosystem.

Portfolio Pulse from Murtuza Merchant

June 27, 2024 | 1:53 pm

BTCUSD

Crypto journalist Laura Shin predicts a potential rebound for Bitcoin (BTC) in July, following a typical June slump. Historical data shows Bitcoin often recovers strongly in July after a negative June. Factors like lack of new capital, selling pressure from the German government, and impending Mt. Gox disbursements are contributing to the current decline. However, experts suggest that the Mt. Gox repayments may not trigger a significant sell-off. JPMorgan analysts forecast temporary market pressure in July but expect a recovery in August.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 1:47 pm

AMD

NVDA

QQQ

SPY

Advanced Micro Devices, Inc (NASDAQ:AMD) shares were trading lower in the premarket session in sympathy with Micron Technology Inc (NASDAQ:MU) after Micron's third-quarter financial results. However, AMD recovered in regular trading. AMD is set to introduce a new AI-driven technology to enhance gaming by reducing download times, to be showcased in July. AMD is also rebranding its laptop gaming CPUs under the AMD AI moniker, similar to Nvidia Corp (NASDAQ:NVDA). AMD stock has gained 43% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 27, 2024 | 1:38 pm

EWL

UBS

FIFA is seeking up to $2 billion to expand its streaming service, FIFA+, and is working with UBS to find investors. The organization aims to sell a minority stake in FIFA+.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:35 pm

AAPL

AMD

NVDA

QCOM

TSM

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has received approval to construct its third 2nm fab in Kaohsiung, expanding its regional footprint. This move aims to meet the growing demand for AI chips, particularly from Nvidia (NASDAQ:NVDA). TSMC's key customers, including Apple (NASDAQ:AAPL), Qualcomm (NASDAQ:QCOM), and Advanced Micro Devices (NASDAQ:AMD), have nearly booked its 3nm process to capacity through 2026. Analysts predict a rise in chip manufacturing prices and potential revenue guidance increases for TSMC.

Portfolio Pulse from Anusuya Lahiri

June 27, 2024 | 1:34 pm

CZR

LVS

MGM

PENN

WYNN

Las Vegas Strip's gambling revenue for May increased by 3.71% year-over-year, reaching $742.5 million.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:33 pm

ETHE

IBIT

Trader Flood Capital is highly optimistic about the potential launch of an Ethereum ETF, predicting a 77% chance of it happening next week. He expects significant price appreciation for Ethereum, citing bullish arguments and the potential for asset managers to generate substantial fees. Companies like BlackRock and VanEck are seen as key players in this space.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 1:33 pm