Streetbeat News

Revenues

BLK

Bitcoin prices are nearing record highs, driven by BlackRock's Bitcoin spot ETF achieving record-breaking inflows. Other major cryptocurrencies like Ethereum, Binance Coin, and Solana also saw gains. The rapid growth of Bitcoin ETFs, including new approvals in Thailand and Australia, is fueling adoption. Upcoming Nonfarm Payroll data could further impact Bitcoin prices.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 6:07 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has outperformed the market over the past 20 years with an average annual return of 9.1%. A $100 investment in MRVL 20 years ago would be worth $562.29 today. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:00 pm

SPGI

S&P Global (NYSE:SPGI) has significantly outperformed the market over the past 10 years, with an annualized return of 17.74%. A $1000 investment in SPGI 10 years ago would be worth $5,131.54 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:00 pm

BLBD

CLNE

VLVLY

Natural gas prices have hit record lows, leading to lower heating bills and potential impacts on natural gas vehicle markets. Companies like Blue Bird Corp, Volvo ADR, and Clean Energy Fuels Corp are directly affected.

Portfolio Pulse from Hayden Buckfire

June 04, 2024 | 5:44 pm

GTBIF

Illinois' cannabis market saw $144.5M in adult-use sales in April, marking a 9.5% year-over-year growth. Despite a slight month-over-month decline, the market shows resilience. Medical cannabis sales declined by 3.3%. Legislative challenges persist, with Green Thumb Industries Inc. (OTCQX:GTBIF) facing criticism for lobbying against extending medical cannabis access.

Portfolio Pulse from Patricio Liddle

June 04, 2024 | 5:31 pm

TXT

Textron (NYSE:TXT) has outperformed the market over the past 15 years with an average annual return of 14.43%, surpassing the market by 2.29% annually. A $1000 investment in Textron 15 years ago would be worth $7,226.78 today.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:30 pm

AZN

AstraZeneca (NASDAQ:AZN) has outperformed the market over the past 5 years, delivering an average annual return of 15.01%. A $1000 investment in AZN 5 years ago would be worth $2,041.26 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:30 pm

DARP

MU

NVDA

SMH

Nvidia is finalizing the certification process for Samsung's high-bandwidth memory (HBM) chips, which are crucial for training AI platforms. Nvidia is also evaluating HBM chips from Micron Technology. SK Hynix, a key supplier to Nvidia, has seen a stock surge due to its advanced HBM3 and HBM3e chips. Samsung's shares rose by 4.1% following Nvidia CEO Jensen Huang's comments on the need for additional engineering work on Samsung's HBM product. Nvidia's stock has gained over 195% in the last 12 months, and investors can gain exposure via VanEck Semiconductor ETF and Grizzle Growth ETF.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 5:27 pm

WSM

Analysts' ratings for Williams-Sonoma (NYSE:WSM) over the last quarter show a mix of sentiments, with a notable increase in the average 12-month price target by 16.64%. Key analysts have raised their price targets, reflecting a positive outlook despite a recent revenue decline.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:01 pm

MTB

Analysts have mixed ratings for M&T Bank (NYSE:MTB) with a range of bullish to bearish sentiments. The average 12-month price target has increased to $162.42, reflecting a 4.18% rise from the previous target. Key financial indicators show challenges in revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:00 pm