Streetbeat News

Revenues

C

Citi's Head of Wealth, Andy Sieg, announced that the company is still hiring for key roles despite recent departures. These departures are attributed to a self-examination and rigorous review process. Investors have expressed disappointment with the unit's returns.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:43 pm

GOOGL

MSFT

NVDA

ORCL

TSLA

Oracle's fiscal Q4 earnings fell short of estimates, but the company emphasized its cloud infrastructure growth and new partnerships with Microsoft, OpenAI, and Google Cloud. Despite weak financials, Oracle's cloud unit is growing rapidly, driven by AI demand. The company expects double-digit revenue growth for fiscal 2025.

Portfolio Pulse from Upwallstreet

June 12, 2024 | 6:38 pm

C

Citigroup's Head of Wealth, Andy Sieg, stated at a conference that the business should aim for returns in the percentage 'twenties'.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:38 pm

SPY

Fed Chair Powell indicates that recent economic indicators suggest solid economic growth. Private domestic final purchases and consumer spending remain strong, and investment in equipment has picked up from an anemic pace.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:33 pm

GME

Jim Cramer has declared victory for GameStop (NYSE:GME) after the company completed its at-the-market equity offering, raising approximately $2.137 billion. Cramer believes this cash position will allow CEO Ryan Cohen to transform the company, potentially turning it into a pseudo-SPAC. Short seller Citron Research has closed its short position in GameStop, citing the company's strong cash reserves.

Portfolio Pulse from Adam Eckert

June 12, 2024 | 6:26 pm

RBRK

Goldman Sachs analyst Kash Rangan reaffirmed a Buy rating on Rubrik, Inc. (NYSE:RBRK) despite quarterly losses, highlighting strong ARR growth and positive long-term outlook. Rubrik reported a quarterly EPS loss of $1.58 and sales of $187.31 million. The analyst expects Rubrik to outperform its ARR guidance and achieve over 20% operating margins as its base matures.

Portfolio Pulse from Lekha Gupta

June 12, 2024 | 6:22 pm

COIN

HOOD

Shiba Inu (SHIB) has spiked 6% following a significant increase in its burn rate by 16,856%. Major whale movements were observed, including large transfers from Robinhood and Coinbase. The surge in transaction volume and daily active addresses indicates growing interest in SHIB.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 6:04 pm

STT

Five analysts have recently published ratings on State Street (NYSE:STT), ranging from bullish to indifferent. The average 12-month price target is $87.2, with a high of $90.00 and a low of $82.00. Analysts have maintained or raised their ratings and price targets, reflecting a positive sentiment. State Street's financial metrics, such as revenue growth, net margin, ROE, ROA, and debt management, show mixed performance compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 6:00 pm

EXPD

Analysts have provided mixed ratings for Expeditors Intl (NYSE:EXPD) over the past quarter, with a majority being indifferent. The average 12-month price target has increased by 4.91% to $119.6. Key analysts have raised their price targets, reflecting a cautious optimism. Despite a recent revenue decline, the company shows strong profitability and effective debt management.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 6:00 pm

DKNG

Needham analyst Bernie McTernan reiterated a Buy rating for DraftKings Inc (NASDAQ:DKNG) with a $60 price target, highlighting its leadership in the $35 billion North American online gambling market. McTernan noted favorable legislative environments and sustainable customer acquisition strategies as key drivers for DraftKings' growth.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 5:57 pm