Streetbeat News

Revenues

FTDR

Frontdoor, Inc. (NASDAQ:FTDR) has announced the acquisition of 2-10 Home Buyers Warranty for $585 million in cash. The deal is expected to close in Q4 2024 and will expand Frontdoor's market into new home segments, boosting earnings and providing cross-selling opportunities.

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 3:31 pm

SSD

Simpson Manufacturing Co (NYSE:SSD) has outperformed the market over the past 10 years, delivering an average annual return of 16.65%. A $1000 investment in SSD 10 years ago would be worth $4,634.13 today. The company currently has a market capitalization of $6.90 billion.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:30 pm

DECK

Deckers Outdoor (NYSE:DECK) has significantly outperformed the market over the past 20 years, achieving an average annual return of 27.53%. A $100 investment in DECK 20 years ago would be worth $12,743.15 today. The company currently has a market capitalization of $27.22 billion.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:30 pm

AAPL

AMZN

BIDU

FTEC

IYW

NFLX

NVDA

Apple Inc. (NASDAQ:AAPL) is planning to introduce its Apple TV+ streaming service in China through a deal with China Mobile, potentially reaching over 200 million customers. Despite geopolitical tensions, Apple has increased its presence in China, including boosting suppliers and manufacturing sites, and integrating Baidu Inc's (NASDAQ:BIDU) AI technology. Apple shares have gained over 8% in the past 12 months.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 3:27 pm

CRM

CSCO

NVDA

Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia and Salesforce Ventures, as well as new investors including Cisco and Canadian pension fund PSP Investments.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:16 pm

CSCO

Cisco has launched a $1B global AI investment fund to develop secure and reliable AI solutions. The company has already committed nearly $200M to startups like Cohere, Mistral AI, and Scale AI to enhance its AI ecosystem.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:10 pm

NVDA

TSLA

Elon Musk announced that Tesla had no place to use Nvidia chips, which would have otherwise sat in a warehouse. However, the south extension of Giga Texas is almost complete and will house 50,000 H100s for FSD training.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:06 pm

RNDRUSD

Render's (CRYPTO: RNDR) price has increased by 3.48% in the past 24 hours, continuing a positive trend over the past week. Despite a decrease in trading volume by 11.0%, the circulating supply has risen by 0.5%. The current market cap is $3.99 billion, ranking RNDR at #31.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:03 pm

PBYI

Puma Biotechnology (NASDAQ:PBYI) has received mixed ratings from analysts over the past three months, with a consistent 'Buy' rating and a stable price target of $7.00. Despite a decline in revenue growth, the company maintains strong net margins and efficient asset management.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:01 pm

TONUSD

Toncoin (CRYPTO: TON) has seen a price increase of 6.14% in the past 24 hours, continuing its positive trend with an 8.0% gain over the past week. The trading volume has risen by 14.0%, while the circulating supply has decreased by 30.61%. Toncoin's current market cap is $16.82 billion, ranking it #10.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:01 pm