Streetbeat News

Revenues

ATI

ATI Inc. has secured an estimated $1.2 billion in new sales commitments from leading aerospace and defense companies for nickel and titanium materials. The commitments represent an average of $200 million per year in estimated revenue between 2024 and 2029.

Portfolio Pulse from Happy Mohamed

June 19, 2023 | 11:31 pm

AAPL

In May, iPhone exports from India reached a record $12.22 billion, contributing to the country's total smartphone exports of $1.46 trillion. This growth has sparked hopes of attracting more US companies to move their supply chains to India. Apple's success in India will be used as a model to persuade other American companies during Indian Prime Minister Narendra Modi's visit to the United States.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 19, 2023 | 7:17 am

BA

Boeing forecasts a global demand for 42,595 new commercial jets, valued at $8 trillion, by 2042 due to the resurgence in international traffic and domestic air travel. The 2023 Commercial Market Outlook was released ahead of the Paris Air Show.

Portfolio Pulse from Charles Gross

June 18, 2023 | 2:05 am

TSLA

Tesla Energy has surpassed 500,000 Powerwall installations worldwide, with a reported 3.9GWh in Q1, up 360% YoY. The company's partnerships with third-party installation companies and increased production capabilities have contributed to this growth. Tesla recently confirmed virtual power plants in Texas and Puerto Rico backed by Powerwall.

Portfolio Pulse from Chris Katje

June 17, 2023 | 1:39 pm

AMZN

FOXA

FOXB

GOOG

GOOGL

RUM

Twitter is revamping its business model to focus on video, creators, and commerce partnerships, aiming to compete with Amazon's Twitch, YouTube, and TikTok. The new strategy aims to expand revenue streams and strengthen Twitter's position in the social media landscape.

Portfolio Pulse from AJ Fabino

June 16, 2023 | 8:40 pm

RIVN

Rivian Automotive (RIVN) shares are trading higher by 2.40% amid ongoing strength in EV stocks and the Fed's pause on rate hikes. The company has a short percentage of float of 14.26%. Lower borrowing costs can benefit Rivian by making it more affordable to access capital and fund operations, and stimulate consumer spending on electric vehicles.

Portfolio Pulse from Henry Khederian

June 16, 2023 | 7:07 pm

DV

META

Needham analyst Laura Martin reiterated a Buy rating on DoubleVerify Holdings (NYSE:DV) and raised the price target to $45 from $35. Martin believes Meta Platforms (NASDAQ:META) and TikTok will drive DV's social media revenues, with META's contribution potentially doubling in the next 12-24 months. Instagram Reels and YouTube shorts are expected to add measurement revenues in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 6:27 pm

EQIX

BMO Capital Markets analyst Ari Klein raised the price target of Equinix Inc (NASDAQ:EQIX) to $870 from $800, maintaining an Outperform rating. Klein expects EQIX to raise its long-term revenue growth guidance and AFFO per share growth guidance at its upcoming investor day on June 21.

Portfolio Pulse from Lekha Gupta

June 16, 2023 | 5:55 pm

ARNC

The Department of Defense (DoD) has entered a $45.5 million agreement with Arconic to expand domestic manufacturing and strengthen US missiles and munitions supply chains.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 5:54 pm

FXI

MU

Micron Technology Inc. expects increased quarter-to-quarter revenue variability and believes about half of its China HQ customer revenue is at risk of being impacted. The company is working to mitigate the impact over time.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 1:35 pm