Streetbeat News

Revenues

SONY

Elden Ring has surpassed 25 million sales, with its upcoming DLC, Shadow of the Erdtree, set to release on June 21, 2024. The announcement has already increased player engagement, and the DLC is expected to boost sales further.

Portfolio Pulse from Franca Quarneti

June 13, 2024 | 7:24 pm

DIS

Disney+ has added the 'Saw' movie franchise to its streaming platform, surprising some users due to the typically family-friendly nature of Disney's brand. This move is part of Disney+'s strategy to diversify its media catalogue amid struggles to grow its subscriber base.

Portfolio Pulse from Hayden Buckfire

June 13, 2024 | 7:23 pm

DIS

GOOG

GOOGL

NATH

NFLX

Joey Chestnut will not compete in Nathan's Famous July 4 hot dog eating contest due to his sponsorship with Impossible Foods. Netflix will host a new competition between Chestnut and Takeru Kobayashi on Sept. 2. This could negatively impact Nathan's Famous and ESPN, while Netflix and Impossible Foods may benefit from increased attention.

Portfolio Pulse from Chris Katje

June 13, 2024 | 7:22 pm

OCUL

Ocular Therapeutics announced an 80% rescue-free rate in its U.S. Wet AMD study, promising results for diabetic retinopathy, and received an FDA Special Protocol Assessment for its SOL-one study. The company highlighted significant market potential and a strong team of retina experts during its Investor Day.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 7:04 pm

HUM

SPY

UNH

The Centers for Medicare & Medicaid Services (CMS) plans to revise the quality ratings of Medicare Advantage plans, potentially resulting in hundreds of millions in additional bonus payments for insurers. The announcement is expected as soon as Thursday.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:53 pm

CMCSA

DIS

NFLX

PARA

Netflix is seeking a production partner for its upcoming Christmas NFL games, marking its first significant venture into live sports. The company has reached out to broadcasters like Disney's ESPN, Comcast's NBCUniversal, and Paramount Global's CBS Sports. Netflix aims to leverage these games to grow its advertising tier and potentially become a future long-term media rights partner for NFL games.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:09 pm

CASY

Casey's General Stores (NASDAQ:CASY) has significantly outperformed the market over the past 20 years, delivering an average annual return of 16.75%. A $1000 investment in CASY 20 years ago would be worth $21,909.73 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 6:01 pm

FXI

KRE

XLF

Treasury Secretary Yellen has expressed concerns over the stability of smaller banks and the impact of sanctions. Large financial firms are working to comply with Russia sanctions, while major Chinese banks emphasize the importance of correspondent relationships. Smaller banks are focused on maintaining access to the dollar.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:57 pm

Needham analyst Quinn Bolton reiterated a Buy rating for ON Semiconductor Corp (NASDAQ:ON) with a $92 price target, citing stabilization in the industrial business and expected recovery in automotive and energy infrastructure sectors. The analyst projects higher gross margins driven by increased utilization rates and sees ON as well-positioned for a cyclical recovery.

Portfolio Pulse from Anusuya Lahiri

June 13, 2024 | 5:46 pm

PKW

TMUS

UBER

XLC

T-Mobile US, Inc. (NASDAQ:TMUS) has secured a $2.67 billion Spiral 4 contract with the U.S. Department of Defense for wireless solutions and an exclusive partnership with Uber Technologies, Inc. (NYSE:UBER) for rideshare advertising. These developments are expected to enhance T-Mobile's market position and 5G leadership.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 5:23 pm