Streetbeat News

Revenues

CCJ

URG

UUUU

Shares of uranium stocks are trading higher following reports that the US will offer up to $3.4 billion for domestic uranium enrichment. Additionally, President Biden has signed a bill banning Russian uranium imports.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 4:23 pm

MSFT

Microsoft is reportedly considering offering the next Call of Duty installment through its Game Pass subscription service, marking a significant shift in its video game sales strategy. This move could attract new Game Pass users but may lead to lower revenue for Call of Duty under the new plan. The news comes after Microsoft's $75 billion acquisition of Activision Blizzard.

Portfolio Pulse from Nabaparna Bhattacharya

May 17, 2024 | 4:11 pm

AMPG

DESP

DOCS

DXC

GME

RBC

RDDT

U.S. stocks traded mixed with the NASDAQ Composite slightly down. RBC Bearings shares rose 4% after strong Q4 results. Reddit, Despegar.com, and Doximity saw significant gains due to positive news, while DXC Technology, AmpliTech Group, and GameStop experienced notable declines.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 4:09 pm

General Dynamics Information Technology (GDIT) has secured a $185 million task order to provide cybersecurity services for the U.S. Air Force Civil Engineer Center. The contract includes a one-year base period and four option years.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 4:01 pm

RMD

ResMed (NYSE:RMD) has significantly outperformed the market over the past 10 years, delivering an average annual return of 15.65%. A $100 investment in ResMed 10 years ago would be worth $433.94 today. The article highlights the power of compounded returns in long-term investments.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 4:00 pm

COST

Costco Wholesale (NASDAQ:COST) has significantly outperformed the market over the past 5 years, delivering an average annual return of 25.97%. A $1000 investment in COST 5 years ago would be worth $3,184.77 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 4:00 pm

BNTX

MRNA

PFE

Moderna has won a case at the European Patent Office in its dispute with Pfizer and BioNTech over its Covid-19 vaccine, boosting its legal fight to recoup pandemic profits. The EPO upheld the validity of one of Moderna's key patents, which could influence ongoing litigation in various European courts.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:48 pm

ERO

FCX

SCCO

TGB

Shares of copper-related companies are trading higher as copper prices rise due to Chinese measures to support the property sector.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:48 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) reported better-than-expected fiscal second-quarter results, leading to a series of positive analyst reviews and increased price targets. The company saw strong sales in China and advanced technology driving growth. Analysts from Goldman Sachs, Mizuho Securities, JPMorgan, Stifel, Cantor Fitzgerald, Needham, and KeyBanc Capital Markets all maintained positive ratings, with price targets ranging from $240 to $260. Despite some concerns about a slowdown in China DRAM revenue, the overall outlook remains optimistic, with significant growth expected through 2025.

Portfolio Pulse from Priya Nigam

May 17, 2024 | 3:41 pm

AMZN

BLK

GOOGL

MSFT

NVDA

CoreWeave, an AI cloud-computing startup backed by Nvidia, has secured $7.5 billion in debt financing from major investors including Blackstone, Carlyle Group, and BlackRock. This financing will support CoreWeave's expansion plans, including doubling its data centers and purchasing AI chips and equipment. The funding highlights strong investor interest in AI-centric businesses.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 3:39 pm