Streetbeat News

Revenues

IGC

IGC Pharma reported a Q4 2024 GAAP EPS of $(0.04) and sales of $295,000, which beat the analyst estimate of $193,000 by 52.85%. This represents a 77.71% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:58 am

Walker & Dunlop announced the successful arrangement of $29.6 million in federal low-income housing tax credit (LIHTC) equity for the financing of Canyon Creek East in Lenexa, Kansas.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:50 am

TSLA

Elon Musk reassures Tesla investors of 'exceptional' long-term returns despite a 26% decline in stock value this year. Tesla's performance has impacted Baron Partners Fund, which remains bullish on the company. Tesla faces industry headwinds, competitive pressure, and margin erosion due to price cuts. The company is shifting focus to AI, robotics, and ancillary businesses like full self-driving technology and energy. Cathie Wood’s Ark Invest predicts Tesla stock could reach $2,600 by 2029.

Portfolio Pulse from Shanthi Rexaline

June 25, 2024 | 6:26 am

PARA

Paramount Global (NASDAQ: PARA) has announced a price hike for its Paramount+ subscription plans starting in August. The ad-free Paramount+ With Showtime plan will increase by $1 to $12.99 per month, while the Paramount+ Essential plan with ads will rise by $2 to $7.99 per month for new subscribers. Existing subscribers will see the new prices from their next billing date on or after September 20. Annual subscription plans remain unchanged.

Portfolio Pulse from Ananya Gairola

June 25, 2024 | 4:53 am

LLY

NVO

Novo Nordisk A/S (NYSE:NVO) is investing $4.1 billion to expand its U.S. manufacturing operations to meet the growing demand for its weight loss drugs, Wegovy and Ozempic. The new plant near Raleigh, North Carolina, will double its size and is expected to be operational between 2027 and 2029. This move aims to address recent shortages and compete with Eli Lilly's rival drugs.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 4:41 am

DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

Memecoins such as Dogwifhat, Floki, and Bonk recorded significant gains despite a broader market sell-off. Dogecoin and Shiba Inu also traded positively. The surge in memecoins comes amid panicky market sentiment and defunct cryptocurrency exchange repayment plans.

Portfolio Pulse from Aniket Verma

June 25, 2024 | 4:08 am

ORCL

Oracle Corp (NYSE:ORCL) has warned investors about the potential financial impact of a U.S. ban on TikTok. A new law signed by President Joe Biden could make it illegal to provide internet hosting services to TikTok, which could adversely affect Oracle's revenue and profit. Oracle's cloud infrastructure, used by TikTok to store and process U.S. user data, generates significant revenue for the company. Analysts estimate Oracle’s annual revenue from TikTok to be between $480 million and $800 million. The potential ban could lead to a substantial loss in revenue for Oracle.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 3:27 am

ABSI

COIN

ROKU

TDOC

VERV

Cathie Wood's Ark Invest sold 3,341 shares of Coinbase amidst a volatile cryptocurrency market, with Bitcoin dropping below $62,000. Other significant trades included selling shares of Teladoc Health and Verve Therapeutics, and buying shares of Absci Corp and Roku.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 3:17 am

AMZN

Amazon is developing a new AI chatbot named 'Metis' to compete with OpenAI's ChatGPT. The project, led by Amazon's AGI team, aims to provide real-time information and automate tasks using retrieval-augmented generation. Amazon plans to launch Metis in September, coinciding with a major Alexa event. CEO Andy Jassy highlighted the company's extensive AI efforts, which are expected to generate significant revenue.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 2:45 am

BTCUSD

DOGEUSD

ETHUSD

NVDA

The cryptocurrency market experienced a significant downturn due to Mt. Gox's repayment plan, causing Bitcoin to drop below $60,000. Ethereum and Dogecoin also saw declines. The market's fear index indicates potential continued downsides. Meanwhile, NVIDIA's slump impacted the Nasdaq 100.

Portfolio Pulse from Aniket Verma

June 25, 2024 | 1:59 am