Streetbeat News

Revenues

BMY

CVS

JNJ

KO

O

PFE

T

VZ

The article discusses the economic impact of the baby boomer generation's retirement, highlighting conflicting views on whether their spending habits are preventing a recession or if they are being overly cautious with their wealth. It also mentions several high-dividend stocks that could benefit from boomer investment strategies.

Portfolio Pulse from Natan Ponieman

May 29, 2024 | 2:51 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is under pressure due to soft Treasury auctions and potential rate hikes. Money flows are neutral in NVIDIA and Apple, but negative in Amazon, Alphabet, Meta, Microsoft, Tesla, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust. The momo crowd is buying oil and selling gold, while smart money is inactive. Bitcoin may see a significant drop due to potential Mt. Gox-related sales.

Portfolio Pulse from The Arora Report

May 29, 2024 | 2:42 pm

DOGEUSD

SHIBUSD

Shiba Inu (SHIB) spiked 5% in early Wednesday trading, continuing a 30-day increase of 17%. This rise follows a trader cashing out over $1 million and predictions from crypto traders that SHIB will continue to perform well. SHIB's 24-hour trading volume exceeds Dogecoin's, indicating increased interest.

Portfolio Pulse from Ivan Crnogatić

May 29, 2024 | 2:42 pm

CELH

Celsius shares are trading lower following recent Nielsen data indicating a slowdown in sales growth.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:40 pm

LNGZ

TELL

XOP

Tellurian Inc. (NYSE:TELL) has announced a deal to sell its integrated upstream assets to Aethon Energy Management for $260 million. The proceeds will be used to reduce debt and for general corporate purposes. The transaction is expected to close in Q2 2024. Additionally, a Heads of Agreement has been signed for Aethon to purchase 2 million tons per annum of LNG from Tellurian's Driftwood LNG plant. This move is part of Tellurian's strategic plan to strengthen its balance sheet.

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 2:35 pm

SPY

The Texas Services Sector Outlook for May has declined to -12.1 from -10.6 in the previous month, indicating a worsening sentiment in the sector.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:31 pm

SPY

The Dallas Fed Services Revenues for May showed a significant increase to 6.7 from the previous 0.3, indicating a strong improvement in the services sector.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:30 pm

GWRE

Guidewire Software (NYSE:GWRE) has outperformed the market over the past 10 years with an average annual return of 12.47%, resulting in a $1000 investment growing to $3,254.13. The company currently has a market capitalization of $10.04 billion.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 2:30 pm

ACGL

Arch Capital Group (NASDAQ:ACGL) has significantly outperformed the market over the past 5 years, delivering an average annual return of 23.91%. A $100 investment in ACGL 5 years ago would now be worth $291.42. The company's current market capitalization is $38.45 billion.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 2:30 pm

GIS

General Mills executive announced that promotional levels have returned to pre-pandemic levels, as stated during the Bernstein Conference.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:24 pm