Streetbeat News

Revenues

FXI

China's Industrial Production YTD (YoY) for February increased to 7.0% from the previous 4.6%, indicating a stronger industrial output.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:33 am

FXI

China's industrial production for February increased by 7.0% year-over-year, surpassing both the estimated 5.3% and the previous month's 6.8%.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:30 am

FXI

China's Fixed Asset Investment for February increased by 4.2% year-over-year, surpassing both the estimated 3.2% and the previous 3.0%. This indicates a stronger than expected economic activity in China.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:30 am

BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

LCID

META

NVDA

SMH

TSLA

Benzinga's weekly review highlights significant movements and sentiments in the stock and cryptocurrency markets, with a focus on Nvidia, Tesla, Meta, and the broader semiconductor sector. Inflation concerns and Federal Reserve's interest rate decisions have created market uncertainty. A DEA rumor boosted cannabis stocks, while significant investments in AI and robotics, along with Elon Musk's comments on Dogecoin, influenced investor sentiment. Disputes and criticisms involving Lucid, Meta, and cryptocurrency valuations also shaped the week's bearish outlooks.

Portfolio Pulse from Michael Cohen

March 16, 2024 | 1:24 pm

BTCUSD

El Salvador's President Nayib Bukele announced the continuation of the country's daily Bitcoin purchase program, aiming to keep buying BTC until it becomes 'unaffordable with fiat currencies'. Despite criticism, this strategy has positively impacted El Salvador's economy, with its dollar-denominated sovereign bonds surging over 200% and Bitcoin's value nearly tripling. El Salvador's break-even price for Bitcoin is $42,500, well below the current price of $69,598.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 3:07 am

CLF

RDUS

STLD

Cleveland-Cliffs (CLF) considers a bid for U.S. Steel (X) if the Nippon Steel deal fails, amid opposition from government officials including President Biden. Tredegar Corporation (TG) reports a significant net loss for Q4 and full-year 2023. Radius Recycling (RDUS) anticipates a net loss for Q2 2024 but plans cost cuts for efficiency. Steel Dynamics (STLD) projects higher Q1 2024 earnings, supported by strong steel operations and demand across sectors.

Portfolio Pulse from Austin DeNoce

March 15, 2024 | 8:41 pm

AMD

CCL

MSFT

NVDA

RCL

Inflation reports ahead of the Fed meeting showed unexpected price pressures, affecting markets and investor sentiment. Crypto and AI stocks like NVIDIA, AMD, and Microsoft saw declines, while commodities like gold and oil advanced. The uncertainty around Federal Reserve's interest rate decisions and diverging expert opinions add to the market's volatility. Meanwhile, optimism in the cruise sector is seen with bullish outlooks on Royal Caribbean and Carnival Corp. Concerns over potential insider trading arose from a congressman's sale of Boeing stock. The advancement of a bill targeting TikTok raises debates and concerns among influencers and figures like Elon Musk. Cannabis stocks surged on speculation of DEA's rescheduling of cannabis to Schedule III.

Portfolio Pulse from Piero Cingari

March 15, 2024 | 8:39 pm

CSTL

Castle Biosciences announced new data showing its IDgenetix test, which includes drug-drug interactions and lifestyle factors, improves medication recommendations for patients 65 and older with mental health conditions. The study, to be presented at the AAGP Annual Meeting, highlights the test's ability to guide clinicians in selecting optimal neuropsychiatric medications, emphasizing its importance in managing polypharmacy in the elderly. IDgenetix, reimbursed by Medicare for eight mental health conditions, combines genetic information with drug interactions and lifestyle factors to enhance treatment plans.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 8:34 pm

HITI

High Tide Inc. (NASDAQ:HITI) reported an 8% year-over-year revenue increase to CA$128.1 million for Q1 2024, achieving break-even net income and a significant improvement in Adjusted EBITDA to CA$10.4 million, up 90% from the previous year. The company also highlighted strong cost controls, a growing retail footprint with 165 locations, and a robust membership base. Additionally, High Tide restructured approximately $8.9 million of its outstanding debt and reported record revenue from its Cabanalytics platform.

Portfolio Pulse from Jelena Martinovic

March 15, 2024 | 8:23 pm