Streetbeat News

Revenues

QCOM

Analyst Ming-Chi Kuo highlights two new growth drivers for Qualcomm: the SM8750 (Snapdragon 8 Gen 4) and the X Elite and X Plus chips for Windows on ARM (WOA). The SM8750, set for mass production in 2H24, will be priced 25-30% higher than its predecessor due to advanced manufacturing technology. The X Elite and X Plus chips are expected to see significant shipment growth in 2024 and 2025. Qualcomm also plans to launch a low-cost WOA processor in 4Q25.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:26 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for June 13th, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish scenarios for each asset, emphasizing the importance of monitoring these levels closely. Key economic data releases and a 30-Year Bond Auction are expected to influence market sentiment and volatility today.

Portfolio Pulse from RIPS

June 13, 2024 | 2:18 pm

IESC

IES Holdings (NASDAQ: IESC) has significantly outperformed the market over the past decade, delivering an average annual return of 36.1%. A $100 investment in IESC 10 years ago would be worth $2,251.90 today. The company's current market capitalization is $2.76 billion.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 2:00 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) has significantly outperformed the market over the past decade, delivering an average annual return of 15.97%. A $1000 investment in NXPI 10 years ago would be worth $4,373.54 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 2:00 pm

GFI

Gold Fields Limited has revised its 2024 group production guidance from 2.33Moz-2.43Moz to 2.20Moz-2.30Moz due to the impact of weather events on the Salares Norte project.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:00 pm

STLA

Stellantis executive announced that the Ram brand is targeting record sales by the end of 2025. The company also confirmed plans for a 100% zero-emission lineup in Europe by 2030. The European new car market is expected to remain stable above 15 million units per year in the latter part of the decade.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:58 pm

IYG

V

XLF

Visa Inc (NYSE:V) has relaunched its Visa SavingsEdge program with new features aimed at small businesses in the US and Canada. The enhancements include a refreshed website, additional merchant offers, and real-time notifications for cashback. Visa's stock has gained over 21% in the last 12 months, and investors can gain exposure through ETFs like iShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).

Portfolio Pulse from Anusuya Lahiri

June 13, 2024 | 1:44 pm

REGN

RBC Capital Markets analyst Brian Abrahams has reiterated an Outperform rating on Regeneron Pharmaceuticals (NASDAQ: REGN) and raised the price target to $1,299 from $1,200. The analyst expects Dupixent's COPD sales to reach $20 billion by 2026, significantly higher than previous estimates. This is based on positive feedback from pulmonologists and a higher-than-expected number of eligible patients. The analyst also slightly raised the 2024 EPS estimate to $40.65.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 1:39 pm

CNVS

Cineverse has surpassed 10 million subscribers on its fandom-focused YouTube channels. This success is driven by eight channels with over 400,000 subscribers each, and new additions like Dog Whisperer and For Us By Us Network.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:33 pm

ARM

SSNLF

TSM

Samsung Electronics unveiled its latest AI chips and strategic vision at the Samsung Foundry Forum, aiming to challenge TSMC's dominance in the semiconductor market. The company introduced new process nodes SF2Z and SF4U, and showcased its advanced backside power delivery network technology. Samsung aims to increase its market share and enhance its position in the competitive foundry market.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 1:33 pm