Streetbeat News

Revenues

GME

GameStop (NYSE:GME) has significantly outperformed the market over the past 5 years, with an annualized return of 78.95%. A $100 investment in GME 5 years ago would be worth $1,841.74 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 6:33 pm

GOOG

GOOGL

MSFT

NVDA

A Jefferies survey reveals that while most people associate AI with Google's Alphabet Inc., many still prefer using OpenAI's ChatGPT for work. The survey highlights consumer preferences and price sensitivity towards AI platforms, indicating no clear 'AI killer' use case yet. Despite some hiccups, tech giants like Alphabet, NVIDIA, and Microsoft have seen their market capitalizations reach all-time highs due to their investments in AI technologies.

Portfolio Pulse from Hayden Buckfire

June 26, 2024 | 6:23 pm

AGG

BND

BNDX

Bond traders expect the Federal Reserve to implement much deeper interest rate cuts than the agency has forecast, predicting a 3 percentage point reduction by March. This contrasts with the Fed's projection of a 25 basis point cut by the end of 2024. The iShares Core U.S. Aggregate Bond ETF (AGG), Vanguard Total Bond Market ETF (BND), and Vanguard Total International Bond ETF (BNDX) saw slight declines in early-afternoon trading.

Portfolio Pulse from Michael Juliano

June 26, 2024 | 6:07 pm

NVDA

Cantor Fitzgerald analyst C J Muse has maintained an Overweight rating on Nvidia (NASDAQ:NVDA) and raised the price target from $140 to $175. Muse highlights Nvidia's significant advancements in AI performance and its robust ecosystem, projecting substantial revenue growth for the company. Despite a recent 2.03% drop in share price, Nvidia remains a top pick for the analyst.

Portfolio Pulse from Anusuya Lahiri

June 26, 2024 | 6:04 pm

QCOM

Qualcomm (NASDAQ:QCOM) has outperformed the market over the past 5 years, delivering an average annual return of 20.63%. A $100 investment in QCOM 5 years ago would now be worth $253.80. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 6:02 pm

HOOD

Over the past three months, 20 analysts have shared their insights on Robinhood Markets (NASDAQ:HOOD), with opinions ranging from bullish to bearish. The average 12-month price target has increased to $22.25, reflecting a 14.28% rise from the previous target. Analysts have frequently updated their ratings and price targets, indicating evolving market perceptions. Robinhood Markets has shown strong revenue growth and net margins but lags in return on equity and assets.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 6:01 pm

TGLS

Tecnoglass (NYSE:TGLS) has been analyzed by 7 analysts, showing a range of bullish to somewhat bullish sentiments. The average 12-month price target is $63.86, reflecting a 7.33% increase from the previous target. Key analysts have adjusted their ratings and price targets, with some raising and others lowering their estimates. Tecnoglass has faced a 4.94% decline in revenue over the past three months but maintains strong net margins, ROE, ROA, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 6:00 pm

ADDYY

Adidas AG (OTC:ADDYY) is facing internal turmoil due to a bribery investigation in its China operations, leading to the departure of two employees. The company received an anonymous letter alleging misconduct, which led to the identification and dismissal of staff members involved in unethical practices. Despite these issues, Adidas has increased its full-year revenue guidance.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 5:59 pm

CRLBF

CURLF

GTBIF

TCNNF

Good Day Farm and NOLA PharmaHoldings are raising $65.6 million to expand in the medical cannabis market. This move highlights the growing M&A activity in the cannabis industry, driven by valuation disparities and cost of capital advantages for larger MSOs like Curaleaf, Green Thumb Industries, and Trulieve Cannabis.

Portfolio Pulse from Nicolás Jose Rodriguez

June 26, 2024 | 5:57 pm

FXI

VLVLY

Volvo's electric vehicle (EV) deliveries to the US are expected to be delayed due to higher tariffs on China, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 5:46 pm