Streetbeat News

Revenues

MSFD

MSFT

MSFU

NVDA

Microsoft (MSFT) and Nvidia (NVDA) show contrasting performances, with MSFT holding steady and NVDA dropping 5%. This impacts Direxion's leveraged ETFs: MSFU (bullish on MSFT) and MSFD (bearish on MSFT). MSFU has gained 30% YTD, while MSFD has lost 17%. Investors should consider these ETFs for short-term trades.

Portfolio Pulse from Joshenomoto@benzinga.com

June 24, 2024 | 5:52 pm

EADSY

Airbus CEO has stated that the supply chain is improving, but the progress is not uniform across all areas.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:38 pm

AEP

CARR

CMS

CNP

ETR

FIX

GNRC

LII

WSO

Shares for air conditioner manufacturers and utility companies are rising as a heat wave moves from the Midwest to the South. Companies like Generac Holdings, Comfort Systems USA, Watsco, Lennox International, Carrier Holdings, American Electric Power, CenterPoint Energy, Entergy Corp, and CMS Energy saw gains in their stock prices.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 5:36 pm

HIG

Hartford Financial Services Group (NYSE:HIG) has outperformed the market over the past 15 years with an average annual return of 15.61%, surpassing the market by 3.02% annually. A $1000 investment in HIG 15 years ago would be worth $8,637.19 today. The company currently has a market capitalization of $30.91 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 5:31 pm

PVH

PVH (NYSE:PVH) has outperformed the market over the past 20 years with an average annual return of 9.37%, resulting in a $100 investment growing to $595.69. The company currently has a market capitalization of $6.40 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 5:31 pm

RIVN

Rivian is implementing significant cost-cutting measures and manufacturing efficiencies to achieve its first profit. The company has reduced material costs by 35% for its vans and expects similar savings for its R1 SUVs and pickups. These changes are aimed at calming investor concerns and improving financial stability.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:29 pm

EPOW

Sunrise New Energy (NASDAQ:EPOW) shares surged 39% to $0.83 after its subsidiary was selected for the '2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property' funding list. The company also achieved a milestone by delivering 5,800 tons of energy storage material to Xiamen HiTHIUM Energy Storage Technology.

Portfolio Pulse from Henry Khederian

June 24, 2024 | 5:21 pm

MSTR

MicroStrategy (NASDAQ:MSTR) shares are trading lower as Bitcoin falls below $62,000. The company recently acquired 11,931 bitcoins for $786 million, bringing its total holdings to 226,331 bitcoins. Bitcoin's 5% drop has negatively impacted MicroStrategy's stock, which is down 9.85% to $1,337.56.

Portfolio Pulse from Erica Kollmann

June 24, 2024 | 5:21 pm

CBSTF

CRLBF

CURLF

GDNSF

GLASF

GRUSF

ITHUF

JUSHF

MRMD

TCNNF

VEXTF

VRNOF

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

SHOP

Shopify Inc (NYSE:SHOP) has expanded its AI-powered tools, including the Sidekick assistant and an image-generation feature, to more users. This initiative aims to enhance Shopify’s e-commerce platform and drive revenue growth. Despite recent challenges, including high inflation and uncertain consumer spending, Shopify continues to invest heavily in R&D and marketing. The company reported a 23% year-over-year revenue growth for fiscal Q1 2024 and expects high-teens percentage growth for Q2.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 5:11 pm