Streetbeat News

Revenues

NVDA

The article provides an industry comparison of NVIDIA (NASDAQ:NVDA) against its competitors in the Semiconductors & Semiconductor Equipment industry. It evaluates NVIDIA's financial metrics, market position, and growth potential. NVIDIA has a lower P/E ratio than the industry average, suggesting potential value. However, its high P/B and P/S ratios may indicate overvaluation. NVIDIA's ROE is significantly higher than the industry average, indicating efficient use of equity. Despite a lower EBITDA and gross profit compared to the industry average, NVIDIA's revenue growth is substantially higher, showing strong demand for its products. The company also has a lower debt-to-equity ratio compared to its top 4 peers, suggesting a stronger financial position.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 4:00 pm

BUD

QSR

SPOT

Analysts have upgraded Spotify Technology (SPOT), Anheuser-Busch Inbev SA (BUD), and Restaurant Brands International Inc. (QSR) despite concerns of a potential recession in 2024. Spotify's strong financials and workforce reduction are expected to drive profitability, with Pivotal Research and Rosenblatt Securities setting price targets of $265 and $300, respectively. Anheuser-Busch is recovering from a sales decline due to a controversy, with JPMorgan setting a price target of $79. Restaurant Brands is expected to see increased revenue from holiday sales, with RBC Capital and BMO setting price targets of $87 and $85, respectively.

Portfolio Pulse from Aditi Ganguly

January 01, 2024 | 3:00 pm

KARS

RIVN

TSLA

In 2023, the EV industry faced production and demand challenges, with Tesla, Inc. (TSLA) doubling its stock value after aggressive price cuts. Rivian Automotive, Inc. (RIVN) also ended the year positively, maintaining production forecasts and managing costs. Global EV adoption slowed due to affordability and infrastructure issues. Tesla's North American Charging Standard gained significant adoption from other automakers. Legacy automakers scaled back EV plans due to strikes and demand slowdown. Analyst Gary Black views Tesla as the only investable EV company, with BYD and Rivian as potential winners. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) fell 7.85% for the year.

Portfolio Pulse from Shanthi Rexaline

December 30, 2023 | 3:28 pm

AGG

BND

JNK

The bond market experienced a rally in 2023, but analysts warn of potential over-optimism for 2024. The 10-year U.S. Treasury note yield has seen significant fluctuations, with a recent retreat from over 5%. Investors are considering a 'soft landing' scenario, but challenges like the fiscal deficit and corporate debt refinancing remain. Diverse views from experts at Allspring Global Investments, Sierra Mutual Funds, BlackRock, Manulife Investment Management, and Apollo Global Management highlight the uncertainty. Three ETFs, AGG, BND, and JNK, are suggested for investors interested in the bond market.

Portfolio Pulse from Bibhu Pattnaik

December 30, 2023 | 3:18 pm

MTCH

Hinge CEO Justin McLeod suggests that sending voice messages can increase the chances of securing a date by 40%. Despite the rise in popularity of voice and video communication, some users are hesitant to upload videos. However, McLeod emphasizes the effectiveness of combining photos with voice recordings to give a more complete sense of personality. Hinge, acquired by Match Group (NASDAQ:MTCH) in 2018, facilitated over 30 million dates and earned about $284 million in revenue last year.

Portfolio Pulse from Benzinga Neuro

December 30, 2023 | 1:39 am

WNW

Meiwu Technology Co. reported a significant increase in revenues for the first half of the year, with $10.68 million compared to $1.17 million in the same period last year.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 10:04 pm

CADE

Analyst ratings for Cadence Bank (NYSE:CADE) show a mix of opinions, with recent updates indicating a positive trend in price targets. The average 12-month price target is now $27.75, up from $26.00. Citigroup, Morgan Stanley, Piper Sandler, and Stephens & Co. have made adjustments to their ratings and price targets. Cadence Bank's financial performance shows challenges in revenue growth, profitability, and debt management, with key metrics below industry averages.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 8:00 pm

ATOM-USD

Cosmos Hub's cryptocurrency, ATOM, has seen a price decrease of 3.82% in the last 24 hours, down to $10.97. Over the past week, the price has also fallen by 2.0% from $11.24. The trading volume has decreased by 25.0%, while the circulating supply has increased by 30.48%, bringing the supply to 380.80 million. ATOM's market cap is currently ranked #24 at $4.18 billion.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 7:02 pm

LVO

LiveOne reported adding over 63,000 new paid memberships in December, with an Average Revenue Per User (ARPU) of over $3.10. The company anticipates its new paid membership growth to surpass 1 million in the calendar year 2024.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 6:49 pm

SOLUSD

BONK, a token in the Solana ecosystem, has seen a 12% surge in the last 24 hours and a 264% increase over 30 days. Despite a recent downturn, the token's trading bot has generated $4.8 million in fee revenue, dominating DEX bot trading volume. Analysts and crypto writers have commented on BONK's performance and potential, with some suggesting it is undervalued based on revenue multiples compared to other DeFi protocols.

Portfolio Pulse from Khyathi Dalal

December 29, 2023 | 6:28 pm