Streetbeat News

Revenues

NVDA

KeyBanc analyst John Vinh maintains an Overweight rating on Nvidia Corp (NASDAQ: NVDA) with a price target of $1,200, citing the upcoming Blackwell GPUs and strong demand for existing products. Vinh expects Nvidia's fiscal first-quarter results and second-quarter guidance to exceed expectations, driven by improved supply and strong demand from China. He projects significant revenue contributions from new GPU models and data center solutions, estimating over $200 billion in data center revenue by 2025.

Portfolio Pulse from Anusuya Lahiri

May 15, 2024 | 7:00 pm

CME

KRE

SPY

TAN

Blu Putnam, former chief economist at CME Group, discussed April's inflation report and suggested that the Federal Reserve should cut interest rates based on the Taylor Rule. The CPI numbers showed lower-than-expected inflation growth, sparking a market rally. Despite this, interest rate-sensitive sectors like solar and regional banking ETFs underperformed.

Portfolio Pulse from Aaron Bry

May 15, 2024 | 6:45 pm

AMC

GME

GameStop (GME) and AMC Entertainment (AMC) saw significant gains earlier in the week, causing substantial losses for short sellers. Hedge fund Renaissance Technologies increased its stakes in both companies in Q1, potentially benefiting from the surge. Despite a pullback on Wednesday, GME and AMC shares remain significantly up for the week.

Portfolio Pulse from Adam Eckert

May 15, 2024 | 6:44 pm

AMAT

Stifel analyst Brian Chin reiterated a Buy rating on Applied Materials, Inc. (NASDAQ:AMAT) with a price target of $230. The company will report Q2 FY2024 results on May 16, 2024. The analyst highlights China's significant role in revenue and the potential for higher revenue and profitability in the future.

Portfolio Pulse from Nabaparna Bhattacharya

May 15, 2024 | 6:41 pm

SPOT

Spotify Technology (NYSE:SPOT) has outperformed the market over the past 5 years, producing an average annual return of 17.81%. A $100 investment in SPOT 5 years ago would be worth $228.22 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 6:30 pm

MELI

MercadoLibre (NASDAQ:MELI) has significantly outperformed the market over the past decade, delivering an average annual return of 35.86%. A $100 investment in MELI 10 years ago would be worth $2,052.27 today. The company's current market capitalization is $85.37 billion.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 6:30 pm

CELU

Celularity has been granted European Patent EP3957315 for the treatment of diabetic peripheral neuropathy using placental cells. This patent could potentially open new markets and revenue streams for the company.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:26 pm

MSFT

SONY

Sony shipped 4.5 million PS5 units in the last financial quarter, significantly outperforming Microsoft's Xbox Series X and S, which shipped around 900,000 units. This marks a 5:1 sales ratio in favor of Sony. Microsoft reported a 31% decline in Xbox hardware revenue and is shifting focus to software and services. Sony is preparing for the next phase of its console lifecycle with plans for a PS5 Pro model.

Portfolio Pulse from Franca Quarneti

May 15, 2024 | 6:25 pm

AUID

This week's DKI report covers several key topics including the potential of AuthID (NASDAQ:AUID) in biometric security, the debate over government intervention in Wall Street's purchase of single-family homes, the investment opportunities in agricultural commodities, the financial stress caused by buy now, pay later schemes, and the impact of misunderstood posts and strawman arguments on social media.

Portfolio Pulse from Gary Brode

May 15, 2024 | 6:09 pm

FSLR

Over the past three months, 21 analysts have shared their evaluations of First Solar (NASDAQ:FSLR), with a mix of bullish and somewhat bullish ratings. The average 12-month price target is $242.9, slightly down from the previous $243.62. Analysts have frequently updated their recommendations, reflecting their reactions to recent developments. First Solar has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, and maintains a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 6:02 pm