Streetbeat News

Revenues

SLSR

Solaris Resources has announced significant precious metals assays from ongoing regional exploration, expanding the footprint of epithermal-style mineral alteration from the Caya area into the adjacent Mateo target and further south. Follow-up fieldwork is underway to refine targets for exploration drilling in late Q3/24 or early Q4/24.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 10:36 am

BJ

BJ's Wholesale Club has announced the opening of new locations in Hanover Township, New Jersey, and Southern Pines, North Carolina, scheduled for early 2025.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 10:34 am

GENE

Genetic Technologies Limited (NASDAQ: GENE) reported that their geneType test identified 79.5% of people tested in the U.S. and Australia as being at risk for serious diseases. This finding is expected to drive increased surveillance and early detection efforts.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 10:31 am

STI

Solidion Technology plans to expand production capacity of silicon-rich graphene composite materials in early 2025. These materials can improve the energy density of EV batteries and extend EV range by 20-40%, addressing limitations of traditional graphite anodes.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 10:06 am

GGR

Castrol, part of the bp group, is investing $50 million in Gogoro Inc. (NASDAQ:GGR) to advance battery swapping technology for electric two-wheelers. The investment will be made in two tranches, with the first $25 million acquiring 5.72% of Gogoro's shares and the second $25 million in a convertible note. This strategic move aligns with Castrol's new diversification strategy.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 10:02 am

GS

JPM

MS

JPMorgan Chase & Co. (NYSE:JPM) has attracted over $15 billion in assets from wealthy clients for its tax strategy business, aiming to compete with Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS). The bank has seen a significant increase in the use of separately managed accounts (SMAs) to reduce tax burdens.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 10:01 am

TSLA

Tesla's weekly insurance registrations in China hit 17,400 units for the week ended June 23, marking the highest weekly registrations for the year. This is a 48.7% increase from the previous week. Analyst Gary Black termed the numbers as 'excellent,' noting that the second quarter is still trailing last year's corresponding period by 7.2% year-on-year but is up 14% quarter-on-quarter.

Portfolio Pulse from Anan Ashraf

June 25, 2024 | 9:52 am

GM

GOOGL

TSLA

UBER

Emil Michael, former Uber executive, expressed skepticism about the financial feasibility of robotaxis due to high production costs. He highlighted that the cost of a Waymo vehicle is around $300K, making it financially unviable to replace human drivers soon. RBC Capital Markets reduced Tesla's price target due to lower robotaxi pricing assumptions. Uber remains a top pick for travel stocks, with analysts noting that full autonomous vehicles are still years away. General Motors announced an $850 million investment for its Cruise self-driving unit.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 7:38 am

AMZN

Amazon announces its 10th Prime Day event on July 16-17, offering exclusive deals for Prime members across various categories. The event will feature new deals every 5 minutes and special Invite-only deals. Megan Thee Stallion will promote the event with a new song and merchandise.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:13 am

HIVE

HIVE Blockchain Technologies reported a fiscal year revenue of $114.5 million, marking an 8% year-over-year increase. However, the company also reported a net loss of $51.2 million.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:13 am