Streetbeat News

Revenues

NTR

Nutrien is set to present its strategic priorities and 2026 targets at its Investor Day. The company aims for a Retail adjusted EBITDA of $1.9B-$2.1B in 2026, with a goal of $1.4B in gross margin from proprietary products. Nutrien plans to reduce controllable costs by $200M and maintain annual capital expenditures of $2.2B-$2.3B through 2026.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:44 pm

DIS

WBD

Warner Bros. Discovery (WBD) has secured a 10-year broadcasting deal through TNT Sports to cover the French Open in the U.S. starting in 2025. This deal, valued at around $650 million, marks a significant expansion for WBD and includes exclusive live coverage on TNT, TBS, truTV, and Max. The deal comes as WBD faces potential loss of NBA broadcasting rights and is co-launching a new sports streaming service, Venu Sports, with Fox and Disney's ESPN.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 12:40 pm

BNRG

Brenmiller Energy Ltd. (NASDAQ: BNRG) has signed a non-binding Memorandum of Understanding with Proactive Planet to distribute bGen™ Thermal Energy Storage systems in Alberta, Canada. The initial list of potential customers is valued at over $6 million and represents 60 MWh of TES capacity.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:40 pm

GLD

SLV

Gold and silver prices are trading higher following softer-than-expected May CPI figures.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:36 pm

QQQ

SPY

US inflation eased more than expected in May, boosting prospects for a 2024 rate cut ahead of the Fed meeting. The annual CPI inflation rate fell to 3.3%, below the expected 3.4%. This has led to a rally in futures on major U.S. equity indices and a drop in Treasury yields.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 12:35 pm

ICCM

IceCure Medical Ltd. (NASDAQ:ICCM) presented interim data from its ICESECRET kidney cancer trial at the 3rd Annual Israeli Conference on Interventional Radiology. The data showed that the ProSense® System is safe and effective, with an 89.5% recurrence-free rate. More data is expected in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:32 pm

DIA

IWM

QQQ

SPY

Major indexes are higher following softer-than-expected May CPI figures.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:30 pm

NIO

TSLA

XPEV

The European Commission plans to impose tariffs of up to 25% on Chinese electric vehicles, impacting companies like NIO Inc, Li Auto Inc, XPeng Inc, and Tesla Inc. This move aims to counteract Chinese government subsidies and could escalate to 35%. The tariffs are expected to generate over $2.15 billion annually for the EU budget. NIO and Li Auto stocks traded lower following the news, while XPeng's stock price remained unaffected.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 12:23 pm

TSLA

Analysts express concerns about Elon Musk's continued involvement with Tesla, Inc. (NASDAQ:TSLA) amid shareholder voting on his 2018 compensation package. Bearish analyst Gordon Johnson claims Musk has mentally checked out of Tesla but will stay to support his other ventures. JPMorgan analysts clarify Musk's desire for 25% voting control to ensure proper AI governance. They also note that Tesla's robotaxi opportunity is years away from generating material revenue.

Portfolio Pulse from Shanthi Rexaline

June 12, 2024 | 12:20 pm

CASY

EATZ

PSL

Casey's General Stores (NASDAQ:CASY) shares are surging premarket after reporting strong Q4 and FY24 results, with sales and EPS exceeding expectations. The company also announced a 16% dividend increase and plans for significant store expansion in FY25.

Portfolio Pulse from Lekha Gupta

June 12, 2024 | 12:17 pm