Streetbeat News

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AMD

GILD

GLD

SOXX

TLT

XLE

The S&P 500 and Nasdaq 100 indices dipped from record highs due to profit-taking in chipmaker stocks and rising Treasury yields. The iShares Semiconductor ETF (SOXX) fell 2.4%, while the Energy Select Sector SPDR Fund (XLE) rose 1.8% amid surging oil prices. Long-dated Treasury yields increased, impacting the iShares 20+ Year Treasury Bond ETF (TLT), which fell 0.9%. Gold prices rose, tracked by the SPDR Gold Trust (GLD). Nvidia, Qualcomm, Micron, and Wolfspeed saw declines, while AMD surged nearly 4% due to a new partnership. Gilead Sciences soared over 8% following positive trial results for an HIV prevention injection.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 5:41 pm

UAL

United Airlines expects a record-breaking July 4 weekend in 2024, with over 5 million passengers flying between June 28 and July 8. The airline anticipates more than 520,000 daily flyers and over 4,400 flights per day.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:41 pm

Trane Technologies (NYSE:TT) has significantly outperformed the market over the past 5 years, delivering an average annual return of 28.13%. A $100 investment in TT stock 5 years ago would now be worth $343.34. The company's current market capitalization is $75.66 billion.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 5:30 pm

HLI

Houlihan Lokey (NYSE:HLI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 24.78%. A $1000 investment in HLI 5 years ago would be worth approximately $2,987.66 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 5:30 pm

GOOG

GOOGL

SPOT

Spotify has added video support for all platform podcasters, expanding its capabilities beyond audio. This move aims to compete with YouTube and capitalize on the growing demand for video content.

Portfolio Pulse from Hayden Buckfire

June 20, 2024 | 5:17 pm

CRM

VOO

VTI

Salesforce has integrated AI tools to automate tasks and craft pitches, but these innovations have yet to significantly impact revenue. Investors are growing impatient as AI spending shifts towards hardware and cloud infrastructure. Salesforce's stock has gained over 11% in the last 12 months, and it has launched new initiatives in India, including a public sector division and a digital lending solution.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 5:12 pm

AAPL

Apple has released new versions of Final Cut Pro for iPad and Mac. The iPad version is available for $4.99/month or $49/year, while the Mac version is priced at $299.99.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:12 pm

UMGNF

Taylor Swift and TikTok have expanded their collaboration with a new interactive fan experience celebrating Swift's The Eras Tour. This initiative includes themed playlists, challenges, and exclusive artwork, showcasing high fan engagement. The partnership follows a resolved licensing dispute with Universal Music Group (UMGNF).

Portfolio Pulse from Franca Quarneti

June 20, 2024 | 5:10 pm

CRON

Cronos Group Inc. (NASDAQ:CRON) announced a $51 million investment in its joint venture, Cronos Growing Company, to expand its cannabis cultivation facility in Ontario. The investment will be funded through a secured non-revolving credit facility. Cronos will have significant purchasing options and board representation in GrowCo.

Portfolio Pulse from Jelena Martinovic

June 20, 2024 | 5:04 pm

EIPX

KEAT

TTE

TotalEnergies SE (NYSE:TTE) and the Nigerian National Petroleum Corporation Ltd (NNPCL) are set to develop the Ubeta gas field in Nigeria. The project is expected to start production in 2027, reaching a plateau of 300 million cubic feet per day. TotalEnergies holds a 40% interest in the OML 58 onshore license and a 15% interest in the Nigeria LNG plant's capacity expansion. Investors can gain exposure to TotalEnergies via ETFs like First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (ARCA: EIPX) and Keating Active ETF (NASDAQ: KEAT).

Portfolio Pulse from Lekha Gupta

June 20, 2024 | 5:01 pm