Streetbeat News

Revenues

FDX

GIS

PAYX

TGLS

Key stocks to watch on Wednesday include General Mills, FedEx, Micron Technology, Tecnoglass, and Paychex. General Mills is expected to report earnings, FedEx reported strong Q4 results and announced a share buyback, Micron Technology is set to release earnings, Tecnoglass is reviewing strategic alternatives, and Paychex is expected to report earnings.

Portfolio Pulse from Avi Kapoor

June 26, 2024 | 8:27 am

INTC

MSFT

NVDA

Groq, a rival of Nvidia, is set to double its valuation to $2.5 billion with a new funding round led by BlackRock. The AI chip company, founded by former Google executive Jonathan Ross, aims to raise $300 million with the help of Morgan Stanley. This development highlights the growing interest and investment in AI hardware, despite Nvidia's market fluctuations.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 8:00 am

LAES

WKEY

WISeKey's subsidiary WISeSat.Space is set to launch new satellites for IoT and climate monitoring, partnering with the Swiss Army and expanding its satellite constellation. The company plans to launch a new generation of satellites in Q4 2024, install a satellite antenna in Switzerland, and develop a European-based neutral satellite constellation. SEALSQ Corp. technology will be integrated into the upgraded satellites.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:02 am

GME

Wall Street veteran Peter Tuchman has warned traders about the risks of trading GameStop Corp. (NYSE:GME) stock, likening it to gambling. He emphasized the speculative nature of the stock, especially for inexperienced traders, and highlighted the company's poor financial performance and reliance on physical stores. Despite the volatility and warnings, GameStop's stock continues to attract significant attention.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 6:14 am

NYT

The New York Times (NYSE:NYT) plans to move its top podcasts behind a paywall to boost revenue, leveraging its growing digital subscriber base. This strategy aims to generate new revenue from podcast subscriptions while continuing to sell ads. The company reported a net increase of 210,000 digital-only subscribers in the first quarter, with total subscribers reaching 10.55 million.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 4:55 am

AAWH

ACB

CGC

CURA

GTBIF

OGI

TLRY

TRUL

The financial performance of U.S. cannabis companies is outpacing their Canadian counterparts, with U.S. firms like Curaleaf, Green Thumb Industries, Trulieve, and Ascend Wellness showing more favorable EV/EBITDA and P/CFO ratios. U.S. companies are also projected to have a higher Adjusted EBITDA CAGR, driven by expanding legalization and a larger market. Canadian firms like Aurora Cannabis, Tilray, Canopy Growth, and OrganiGram face higher valuations and slower growth.

Portfolio Pulse from Nicolás Jose Rodriguez

June 25, 2024 | 11:01 pm

MSM

MSC Industrial Supply has acquired ApTex and Premier Tool Grinding. The combined revenue of the two companies is slightly over $20 million in 2023. The acquisitions are expected to be net neutral to MSC's fiscal year 2024 net income.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 9:32 pm

Micron Technology (NASDAQ:MU) is set to report its third-quarter financial results, with analysts expecting significant improvements in revenue and earnings per share. Analysts have been optimistic, raising price targets and highlighting the company's strong position in the AI sector. Key items to watch include average selling prices, customer demand, and updates on AI growth and production projects.

Portfolio Pulse from Chris Katje

June 25, 2024 | 9:32 pm

AAPL

IVV

NVDA

VUG

Growth ETFs saw record inflows of $12.2 billion in June, driven by strong performance in tech and AI sectors. Vanguard Growth ETF (VUG) led with $5.68 billion in inflows, followed by iShares Core S&P 500 ETF (IVV) with nearly $10 billion. Nvidia (NVDA) and Apple (AAPL) were key drivers.

Portfolio Pulse from Piero Cingari

June 25, 2024 | 9:22 pm

AUID

authID has announced an $11 million direct offering, selling 1.46 million shares at $7.50 per share, with a higher price of $8.16 per share for directors. The proceeds will be used to expand sales, operations, and customer support teams.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 9:04 pm