Streetbeat News

Revenues

TSLA

Hyundai Motor Company is launching two new electric vehicles in Europe, the Inster EV and a new IONIQ model, to boost its market share. Despite rivals like General Motors, Ford, and Tesla scaling back, Hyundai is pushing forward. The Inster EV will debut at the Busan International Mobility event on June 27th. Hyundai's IONIQ 5 set a new sales record in May, and the company is opening its first EV and battery plant in the US later this year. Hyundai and Kia are closing the market share gap with Tesla in the US.

Portfolio Pulse from Upwallstreet

June 21, 2024 | 3:56 pm

BIDU

HAO

Haoxi Health Technology Ltd. (NASDAQ:HAO) saw its shares drop by 28% after announcing plans to raise additional funds just six months after its IPO. Despite strong financial growth, investor confidence waned due to concerns over the company's heavy reliance on ByteDance and rising accounts payable.

Portfolio Pulse from The Bamboo Works

June 21, 2024 | 3:53 pm

GILD

Gilead Sciences, Inc. (NASDAQ:GILD) stock is trading higher on Friday following the release of positive Phase 3 trial data for its HIV prevention drug, Lenacapavir. The drug showed 100% efficacy in preventing HIV in cisgender women, outperforming the once-daily oral Truvada.

Portfolio Pulse from Dylan Berman

June 21, 2024 | 3:36 pm

BSX

Boston Scientific (NYSE:BSX) has significantly outperformed the market over the past 10 years, delivering an average annual return of 19.86%. A $1000 investment in BSX 10 years ago would be worth $6,087.40 today. The company's current market capitalization is $113.37 billion.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 3:30 pm

OMI

Owens & Minor (NYSE:OMI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 41.02%. A $1000 investment in OMI 5 years ago would be worth $5,767.92 today. The company currently has a market capitalization of $1.30 billion.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 3:30 pm

VALE

Vale SA (NYSE:VALE) plans to invest $3.3 billion to boost its copper and nickel production, aiming to increase copper output to 500,000 tons by 2028. The investment will focus on upgrades to mines in Brazil and Canada, aligning with the company's strategy to capitalize on rising copper demand and transition to green energy.

Portfolio Pulse from Stjepan Kalinic

June 21, 2024 | 3:29 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) has secured a 25 MW green hydrogen electrolyzer order in Europe, marking a significant step in the company's expansion and contribution to EU decarbonization targets. The project includes five 5 MW PEM electrolyzers and could expand up to 2 GW. Despite this positive news, PLUG shares are trading lower by 1.38% to $2.50.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2024 | 3:27 pm

NFLX

Netflix is nearing the $700 milestone with a significant subscriber surge, reporting 269.6 million paid subscribers by Q1 2024. The stock has surged over 300% from its May 2022 low, driven by an ad-supported tier and strict account-sharing policies. Investors are closely watching if Netflix can break past the $700 mark.

Portfolio Pulse from Zaheer Anwari

June 21, 2024 | 3:15 pm

BYDDF

BYDDY

NIO

TSLA

VFS

XPEV

The EU's proposed tariffs on Chinese EVs are lower than expected, particularly for BYD, which faces a 17.4% tariff. This has led to a positive market reaction for BYD and other Chinese EV makers. The tariffs are not expected to significantly impact the profitability of these companies in Europe. Chinese EV companies are likely to set up factories in Europe to mitigate tariff and transport costs.

Portfolio Pulse from The Bamboo Works

June 21, 2024 | 3:07 pm

EIPX

KEAT

TTE

TotalEnergies SE (NYSE:TTE) has won a significant maritime concession in Germany, paving the way for a 3.5 GW offshore wind hub in the German North Sea. The project involves substantial financial commitments and is part of a broader strategy to expand renewable energy operations in Germany.

Portfolio Pulse from Lekha Gupta

June 21, 2024 | 3:05 pm