Streetbeat News

Revenues

ARBK

Argo Blockchain reported mining 145 Bitcoin or Bitcoin Equivalents in November, with a 5% increase in daily BTC production and a 25% increase in mining revenue to $5.30M compared to the previous month. The revenue boost was attributed to the rise in Bitcoin's price, and the company's HODL was 21 BTC as of November 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:06 am

CULP

ESTC

GTLB

PATH

SAIC

The S&P 500 reached a new high for 2023, reflecting increased investor sentiment as indicated by the CNN Money Fear and Greed index remaining in the 'Greed' zone. Federal Reserve Chair Jerome Powell signaled a readiness to adjust policies if needed. U.S. construction spending rose, while the ISM manufacturing PMI was unchanged. Elastic N.V. and UiPath Inc. saw significant stock gains after reporting strong financial results. The Dow Jones and Nasdaq also closed higher. Investors are looking forward to earnings from SAIC, Culp, Inc, and GitLab Inc.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 7:04 am

VALN

Valneva has reported that its single-shot Chikungunya vaccine, IXCHIQ®, shows 24-month antibody persistence, indicating long-term effectiveness. This data could potentially support the use of IXCHIQ® in preventing Chikungunya virus infections.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 6:58 am

AMZN

META

MSFT

NVDA

The S&P 500 and Nasdaq 100 experienced significant growth in 2023, with the S&P 500 growing by 20% and the Nasdaq 100 by 46%. Notably, Nvidia Corp. saw a 220% increase in its share price, while Microsoft, Amazon, and Meta Platforms also enjoyed substantial gains. A Bloomberg survey indicates that 63% of participants are optimistic about 2024, expecting stronger returns due to potential interest rate reductions by the Federal Reserve. AI is considered the most promising investment trend, despite concerns over inflation and high living costs. Opinions on Big Tech investments are divided, with some experts urging caution for 2024.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 6:50 am

EWA

Australia's Retail Sales for the month showed a decline of 0.2%, which was in line with estimates but lower than the previous month's increase of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:25 am

EWA

Australia's Home Loans for the month showed a significant increase of 5.6%, surpassing the estimated 0.8% and the previous month's -0.1%.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:25 am

EWA

Australia's company gross operating profits for Q3 have declined by 1.3%, which is more than the estimated decrease of 0.3%. This also represents a significant drop from the previous quarter's revised figure of -12.1%.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:24 am

AAPL

AMZN

DIS

IBM

WBD

WMT

Walmart Inc. (WMT) has joined other major companies in halting advertising on a platform (referred to as 'X' in the article) following Elon Musk's critical remarks. Kevin O'Leary, Chairman of O'Leary Ventures, also expressed skepticism about the platform's advertising effectiveness, choosing not to spend his $2 million monthly advertising budget there. Major companies like The Walt Disney Company (DIS), Warner Bros. Discovery, Inc. (WBD), International Business Machines Corporation (IBM), Apple Inc. (AAPL), and Amazon.Com, Inc. (AMZN) have paused or suspended campaigns on 'X'. The platform could face a $75 million downturn in ad revenue by year's end.

Portfolio Pulse from Nabaparna Bhattacharya

December 02, 2023 | 6:20 pm

DIS

GME

META

TSLA

Benzinga's weekly review covers bullish and bearish perspectives on stocks like Tesla, GameStop, and Disney, as well as the cryptocurrency Dogecoin. The S&P 500, Dow, and Nasdaq saw gains, while Fed Chair Powell signaled a readiness to adjust policies amid inflation concerns. Tesla's Cybertruck launch is seen as a key event, Dogecoin's ownership is highly concentrated, and GameStop may see a surge. Disney faces a boardroom battle, China's foreign investment dips, and Meta struggles with VR headset sales.

Portfolio Pulse from Michael Cohen

December 02, 2023 | 2:44 pm

BYDDF

BYDDY

TSLA

BYD Co Ltd reported a 31% YoY increase in sales volume for November, with 301,903 new energy vehicles sold, including 170,150 BEVs, marking a 49% jump in the BEV segment. The company, backed by Warren Buffett's Berkshire Hathaway, has ceased production of oil-fueled vehicles since April last year, focusing solely on new energy vehicles. BYD's growth brings it close to Tesla Inc's sales figures, with BYD selling approximately 432,000 BEVs in Q3, just below Tesla's 435,000 units.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 9:01 am