Streetbeat News

Revenues

TW

Tradeweb Markets Inc. reported a total trading volume of $56.1 trillion for September 2024, with an average daily volume (ADV) increase of 68.3% year-over-year. The third quarter ADV also rose by 55.3% year-over-year.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2024 | 11:33 am

SPY

USO

U.S. markets closed lower due to concerns over the September payrolls report and rising oil prices amid Middle East tensions. Jobless claims increased slightly, and most S&P 500 sectors saw losses, except for energy and IT. Asian markets were mixed, with Japan's Nikkei rising and Australia's ASX falling. European markets showed modest gains, while oil prices rose due to geopolitical concerns.

Portfolio Pulse from Akanksha Bakshi

October 04, 2024 | 10:57 am

APOG

Apogee Enterprises has reaffirmed its fiscal year 2025 outlook, expecting net sales to decline by 4% to 7%.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 10:16 am

ARM

INTC

NVDA

SFTBF

TSM

Masayoshi Son, CEO of SoftBank, predicts artificial superintelligence within a decade, highlighting OpenAI's advancements. SoftBank's AI strategy focuses on ARM Holdings, with plans to expand into AI chips and data centers. Despite setbacks with Intel, SoftBank explores partnerships with other manufacturers like Taiwan Semiconductor.

Portfolio Pulse from Benzinga Neuro

October 04, 2024 | 10:10 am

GEO

GEO Group has announced the exercise of a five-year option period for its contract with the Adelanto ICE Processing Center, extending the contract through December 19, 2029.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2024 | 10:04 am

AMZN

META

NVDA

TSLA

Meta Platforms' stock surge has propelled Mark Zuckerberg to become the world's second-richest person, surpassing Jeff Bezos. Meta's stock has gained over 64% this year, while Amazon's has increased by about 20%. Meta's strategic measures and AI initiatives have driven its stock uptrend, while Amazon faces near-term risks due to economic uncertainties.

Portfolio Pulse from Shanthi Rexaline

October 04, 2024 | 6:42 am

ARBK

Argo Blockchain reported a decrease in Bitcoin mining revenue to $2.2M in September 2024 from $2.3M in August 2024. The mining margin for Q3 was below 10% due to lower hash prices and higher power costs. The company held 4 BTC equivalent as of September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 6:23 am

F

Ford's Q3 EV sales increased by 12.2% year-over-year, despite a decline in Mustang Mach-E sales. The rise was driven by strong sales of the F-150 Lightning and E-Transit. However, quarter-on-quarter sales fell by 1.9%. Ford's EV lineup is aging compared to GM's newer offerings.

Portfolio Pulse from Anan Ashraf

October 04, 2024 | 6:15 am

EWA

Australia's home loans for August increased by 0.7%, a decrease from the revised 2.5% in the previous month. This data may impact the iShares MSCI Australia ETF (EWA), which tracks the performance of the Australian equity market.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:38 am

CURLF

New York's legal cannabis market has reached $654 million in sales, but social equity licensees face challenges. A report highlights issues such as unlicensed operators and financial obstacles for equity businesses. Only a few medical marijuana operators, including Curaleaf, have entered the adult-use market.

Portfolio Pulse from Franca Quarneti

October 03, 2024 | 11:45 pm