Streetbeat News

Revenues

ABBV

AbbVie (NYSE:ABBV) has outperformed the market over the past 5 years, delivering an average annual return of 15.08%. A $1000 investment in ABBV 5 years ago would be worth $2,045.23 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 4:30 pm

RDDT

Reddit Inc (NYSE:RDDT) is reintroducing its award program, allowing users to buy awards to support content creators. The previous version was discontinued in 2023. The new system aims to improve user experience and monetization, but initial reactions from users are mixed.

Portfolio Pulse from Hayden Buckfire

May 16, 2024 | 4:27 pm

BLK

CME

CME Group is planning to introduce Bitcoin trading, responding to the increasing demand from Wall Street. This move follows the SEC's approval of Bitcoin-focused stock market funds and could simplify basis trading for investors. The initiative highlights the growing acceptance of Bitcoin among major financial institutions.

Portfolio Pulse from Murtuza Merchant

May 16, 2024 | 4:02 pm

DKNG

FLUT

At Benzinga's Sports Betting & Gaming Conference, Citizens JMP Equity Analyst Jordan Bender highlighted that player prop bets and pricing bets are expected to significantly boost future revenues for DraftKings and FanDuel.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:01 pm

AGI

Alamos Gold (NYSE:AGI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 28.96%. A $100 investment in AGI 5 years ago would now be worth $352.06. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 4:00 pm

FI

Fiserv (NYSE:FI) has significantly outperformed the market over the past 15 years, delivering an average annual return of 19.9%. A $1000 investment in Fiserv 15 years ago would be worth $15,306.67 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 4:00 pm

QCOM

Ampere and Qualcomm have announced a partnership to launch an AI-focused server using Ampere's CPUs and Qualcomm's Cloud AI100 Ultra AI inferencing chips. This collaboration aims to provide efficient solutions for running large AI models. Ampere also introduced its new 256-core AmpereOne chip, which will be available later this year, and announced a partnership with NETINT for video processing solutions.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:40 pm

AGFY

NMHI

Nature’s Miracle Holding Inc. (NASDAQ:NMHI) and Agrify Corporation (NASDAQ:AGFY) have signed a definitive merger agreement. Agrify will become a wholly-owned subsidiary of Nature’s Miracle, with Agrify shareholders receiving 0.45 shares of Nature’s Miracle for each Agrify share. The merger is expected to close in the second half of 2024, subject to shareholder approval. The deal aims to leverage Agrify's SaaS and AI technology to enhance Nature’s Miracle’s vertical farming business.

Portfolio Pulse from Jelena Martinovic

May 16, 2024 | 3:35 pm

BTC

GLD

META

NVDA

USO

WMT

Walmart's recent earnings report shows it is attracting wealthier consumers, leading to a breakout in its stock price. This breakout is seen as a potential indicator for the broader stock market. Initial jobless claims and housing starts data indicate mixed economic signals. Money flows are positive for NVIDIA, neutral for several tech giants, and negative for Meta. The momo crowd is active in buying gold, oil, and Bitcoin, while smart money remains inactive.

Portfolio Pulse from The Arora Report

May 16, 2024 | 3:34 pm

CMI

Cummins is raising its long-term financial targets due to a strengthening portfolio and continued strategic execution. The company is well-positioned to meet customer needs, reduce greenhouse gas emissions, and generate growth regardless of the transition pace to zero emissions. Cummins aims to improve its base business while scaling AcceleraTM by Cummins for profitable growth and higher operating cash flow.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:32 pm