Streetbeat News

Revenues

GME

A crypto trader suggested that GameStop (NYSE:GME) could benefit from adopting a Bitcoin standard by raising over $5 billion through share issuance and converting it into Bitcoin. This move could increase demand for GameStop’s stock and expand its base of Bitcoin holders, potentially making it the biggest Bitcoin adoption story of the year.

Portfolio Pulse from Khyathi Dalal

June 10, 2024 | 6:06 pm

TECK

Teck Resources (NYSE:TECK) has outperformed the market over the past 5 years with an average annual return of 17.99%, resulting in a $1000 investment growing to $2,276.48. The company currently has a market capitalization of $25.75 billion.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:01 pm

ARM

MSFT

NVDA

SEMI

SHOC

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating on Arm Holdings Plc (NASDAQ:ARM) with a price target of $180, citing positive themes from Computex in Taiwan. The analyst also considers Nvidia Corp (NASDAQ:NVDA) a top secular pick. Arm's CEO aims to capture over 50% of the Windows PC market within five years. Investors can gain exposure to the semiconductor sector via EA Series Trust Strive U.S. Semiconductor ETF (NYSE:SHOC) and Columbia ETF Trust I Columbia Seligman Semiconductor And Technology ETF (NYSE:SEMI).

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 6:01 pm

CTSH

Analysts have mixed perspectives on Cognizant Tech Solutions (NASDAQ: CTSH) with recent ratings showing a blend of bullish, somewhat bullish, and indifferent sentiments. The average 12-month price target has decreased by 3.37% to $77.9. Key analysts have adjusted their ratings and price targets, reflecting a cautious outlook. Despite a slight revenue decline, Cognizant maintains strong profitability and effective financial management.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:00 pm

BOKF

Over the past three months, 12 analysts have reviewed BOK Financial (NASDAQ:BOKF), with most expressing neutral sentiments. The average 12-month price target has increased by 4.82% to $97.58. Analysts have adjusted their ratings and price targets, reflecting mixed but generally stable outlooks. BOK Financial faces challenges with declining revenue, low net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 6:00 pm

OTLY

Non-alcoholic beverage maker Mixoloshe has rebranded as Smashd following a successful marketing campaign. The campaign, which featured an employee's quest to gain followers on social media, led to a significant increase in social media traffic and product sales. The company is now expanding into Walmart stores and aims to raise $10 million in venture capital.

Portfolio Pulse from Anthony Noto

June 10, 2024 | 6:00 pm

APO

BRK

PARA

RSP

SONY

XLC

National Amusements, the controlling company of Paramount Global (NASDAQ:PARA), has attracted bids from Edgar Bronfman Jr. and Steven Paul. Shari Redstone is negotiating a potential sale to Skydance Media. Paramount stock is trading lower, and the company faces challenges with its traditional TV business and streaming service. Berkshire Hathaway (NYSE:BRK) sold its stake in Paramount, and previous reports suggested interest from Sony Group Corp (NYSE:SONY) and Apollo Global Management Inc (NYSE:APO). Investors can gain exposure to Paramount via ETFs like The Communication Services Select Sector SPDR Fund (NYSE:XLC) and Invesco S&P 500 Equal Weight ETF (NYSE:RSP).

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 5:45 pm

BAC

JPM

LYV

StubHub is considering an IPO as soon as July and has enlisted Goldman Sachs, JPMorgan, and Bank of America to assist. The company reported $350 million in EBITDA.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 5:35 pm

AAPL

Apple announced updates to visionOS and the expansion of the Vision Pro headset to international markets. Despite usability improvements and a large app ecosystem, the Vision Pro faces low demand and declining resale value. Apple aims to revive interest by launching in new countries.

Portfolio Pulse from Rounak Jain

June 10, 2024 | 5:33 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) has launched a $1 billion investment fund for secure AI solutions. Despite conservative growth targets for fiscal 2026 and 2027, BofA Securities analyst Tal Liani maintains a Buy rating and $60 price target, citing potential underestimation of AI networking demand.

Portfolio Pulse from Priya Nigam

June 10, 2024 | 5:27 pm