Streetbeat News

Revenues

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw a spike as investors anticipated interest rate cuts. Bitcoin topped $70,000, Ethereum consolidated above $3,800, and Dogecoin rose to $0.1618. The rally led to significant liquidations and increased open interest in Bitcoin. Analysts highlighted key resistance levels and potential for further gains.

Portfolio Pulse from Aniket Verma

June 05, 2024 | 1:38 am

ACN

IYW

MSFT

XLK

Microsoft is investing in Touchcast Inc., a startup that enhances AI deployment by caching generative AI queries. This investment aims to reduce computational and energy requirements for AI models like OpenAI's GPT-4. Touchcast's valuation is expected to reach at least $350 million after the new funding. The collaboration will deploy cognitive caching technology across Microsoft's Azure data centers, reducing costs for Azure OpenAI tools.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 11:16 pm

CEIX

COAL

Coal stocks have pulled back amid speculation about future leadership in India, a major importer, but the sell-off may have more to do with short-term trading sentiment rather than a shift in market fundamentals. The Range Global Coal Index ETF (NYSE:COAL) fell 3.8% due to election results in India. Consol Energy Inc (NYSE:CEIX) was also mentioned as being affected by a bridge collapse that limited coal shipments.

Portfolio Pulse from Matt Whittaker

June 04, 2024 | 10:31 pm

RUN

Sunrun has priced a securitization of leases and power purchase agreements, involving two tranches of A+ rated notes and a single class of BB rated notes. The $443.15 million Class A-1 notes were marketed publicly, while the $443.15 million Class A-2 notes were privately placed, both with a coupon of 6.25%.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:44 pm

MSI

Motorola Solutions (NYSE:MSI) has significantly outperformed the market over the past 15 years, delivering an average annual return of 19.08%. A $100 investment in MSI 15 years ago would be worth $1,343.56 today. The company's current market capitalization is $61.58 billion.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 9:30 pm

GE

GE Aero (NYSE:GE) has significantly outperformed the market over the past 5 years, delivering an average annual return of 26.39%. A $100 investment in GE stock 5 years ago would now be worth $324.79. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 9:30 pm

MEOH

Methanex's Egypt methanol production facility was temporarily idled due to lower gas supply and increased seasonal demand for power generation. The company is working with its partner and gas supplier to resume gas supply.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:12 pm

DDD

3D Systems Corporation (NYSE:DDD) shares are trading higher after the company received a multi-year purchase agreement valued at around $250 million through 2028. The agreement supports the indirect manufacturing process for clear aligners. Additionally, 3D Systems is expanding its focus on digital dentistry solutions and plans to launch direct printing technology for clear aligners by late 2025. Analysts have an average 1-year price target of $8.25 for the stock, representing a potential upside of 138.44%.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 9:10 pm

LAKE

Lakeland Industries has raised its FY25 revenue outlook from $140M-$150M to $150M-$155M, surpassing the estimated $144.60M. This new revenue expectation includes the recent acquisitions of Jolly Scarpe and Pacific Helmets but excludes the LHD fire and rescue business, expected to close in June 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 9:01 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) has significantly outperformed the market over the past 15 years, delivering an average annual return of 18.04%. A $100 investment in FCNCA 15 years ago would be worth $1,200.12 today. The company's current market capitalization is $24.26 billion.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 9:00 pm