Streetbeat News

Revenues

BRK

NU

Berkshire Hathaway's stake in Nu Holdings has seen a 93% increase in value since January, making it the star performer in Berkshire's 2023 portfolio. Despite a 13% slide from its IPO price, Nubank has shown promising operational growth with a 28% increase in customer count and a 61% increase in revenue. Nubank's crypto-friendly approach has attracted attention, despite Warren Buffett's criticism of digital coins.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 7:22 am

LUXH

LuxUrban Hotels has announced the opening of three new hotels in New York City, with plans to add more than 1,600 rooms to its portfolio by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 9:38 pm

TTOO

T2 Biosystems has reported preliminary Q3 results, with total revenue of $1.5M, a decrease of 60% from the prior year.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:07 pm

BILL

FLYW

GPN

MA

SHOP

Seaport analyst Jeff Cantwell initiated coverage of the fintech sector, including BILL Holdings, Fiserv, Fidelity National Information Services, Flywire Corp, Global Payments, Mastercard, PayPal Holdings, Shopify, Block, and Visa. Cantwell predicts a revenue surge for many of these companies, with BILL, Flywire, Global Payments, Mastercard, and Shopify receiving a 'Buy' rating. Fiserv, Fidelity National Information Services, Block, PayPal, and Visa received a 'Neutral' rating.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 7:46 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) shares are trading lower by 3.05% due to a broader market decline triggered by the release of September's Consumer Price Index (CPI). The rising inflation can reduce consumer purchasing power, potentially impacting PayPal's transaction volumes and revenue. It can also lead to increased competition in the financial sector, affecting PayPal's market share and profitability.

Portfolio Pulse from Henry Khederian

October 12, 2023 | 7:30 pm

MTSI

WOLF

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Wolfspeed, Inc. (WOLF) but lowered the price target to $55 from $75. The analyst expects revenues of ~$195 million, down from ~$231 million, due to the sale of the RF business to MACOM Technology Solutions Holdings, Inc. (MTSI). The future of WOLF is believed to be driven by results from the Mohawk Valley facility. WOLF shares are currently trading lower by 2.02% to $33.02.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 7:15 pm

VZ

Verizon Communications Inc. (NYSE:VZ) shares are trading lower by 2.2% to $30.76, likely due to a market-wide drop in stocks following the release of September's Consumer Price Index (CPI) data. The CPI data revealed a year-on-year increase of 3.7%, surpassing expectations. This could lead to concerns about inflation, potentially affecting consumer spending on services offered by Verizon. Higher interest rates could also increase Verizon's debt interest, impacting its profitability and stock price.

Portfolio Pulse from Henry Khederian

October 12, 2023 | 7:03 pm

PLUG

Plug Power Inc's shares are trading lower after the company's annual green hydrogen conference. The company provided a long-term revenue outlook, expecting $6 billion in revenue in 2027 and $20 billion in 2030. Susquehanna analyst Biju Perincheril maintained a Positive rating for Plug but lowered the price target from $14 to $13. The Biden administration is expected to award $7 billion in federal grants for clean hydrogen fuel production.

Portfolio Pulse from Adam Eckert

October 12, 2023 | 7:00 pm

DIS

NFLX

Negotiations between SAG-AFTRA actors' union and Hollywood studios, including The Walt Disney Company and Netflix Inc, have failed over issues such as streaming revenue and the use of AI. This has halted production for three months. Disney has also increased its streaming prices for the second time this year due to profitability challenges and loss of subscribers. Disney is also facing a slowdown in its parks business, a broken linear TV business model, and a weak box office. Netflix, despite being the leader in streaming, will also have to deal with increased costs due to writers’ and actors’ strikes.

Portfolio Pulse from Upwallstreet

October 12, 2023 | 6:38 pm

COUR

BMO Capital Markets analyst Jeffrey M. Silber initiated coverage on Coursera Inc (NYSE:COUR) with an Outperform rating and a price target of $24. The analyst expects Coursera's strong revenue growth to continue and believes the company can become profitable over time due to the scalable nature of its learning platform. The analyst estimates revenue of $713 million and EPS of $0.06 in FY24.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 5:56 pm