Streetbeat News

Revenues

LPG

Little Green Pharma, an Australian cannabis producer, reported record revenue of AU$10.2 million for the quarter, with significant growth in European sales, particularly in France. The company anticipates further growth as European markets, like France, move towards legalizing medical marijuana.

Portfolio Pulse from Nina Zdinjak

October 21, 2024 | 2:00 am

ASML

CNC

CVS

ELV

ERIE

KLAC

LRCX

MOH

NIO

PDD

Several large-cap stocks experienced significant declines last week, including NIO, ASML, and CVS Health. Factors such as China's export data, earnings reports, and guidance revisions contributed to these losses.

Portfolio Pulse from Lekha Gupta

October 20, 2024 | 8:04 pm

AAPL

AMD

META

MSFT

NVDA

TSM

The Biden administration is considering restrictions on chip sales from NVIDIA and AMD to the Middle East. Apple has a secret deal with BYD for EV batteries and is expanding its payment offerings. Microsoft settles an antitrust lawsuit and expands cloud gaming. Meta faces layoffs and legal challenges. TSMC starts manufacturing A16 chips for Apple in the US.

Portfolio Pulse from Lekha Gupta

October 20, 2024 | 5:45 pm

IVV

SPY

Economist David Rosenberg, known for predicting the 2008 crash, warns of a 'mega-bubble' in the stock market, suggesting the S&P 500 is overvalued by at least 25%. He advises against chasing momentum and highlights economic weaknesses. Investors can track the S&P 500 through ETFs like SPDR S&P 500 (SPY) and iShares Core S&P 500 ETF (IVV).

Portfolio Pulse from Erica Kollmann

October 20, 2024 | 5:00 pm

NVDA

NVDL

NVDU

Nvidia's stock has surged over 233% in the past year, reaching a market cap of over $3 trillion. Experts predict further growth, with some expecting the stock to double in the coming years due to strong demand for GPU chips and AI investments. Analysts have set various price targets, with Bofa Securities raising theirs to $190. ETFs tracking Nvidia, such as NVDL and NVDU, have also seen significant gains.

Portfolio Pulse from Anan Ashraf

October 20, 2024 | 5:22 am

LUX

LVMUY

RACE

The luxury market is at a critical turning point, with high-end brands like Hermès and Ferrari expected to outperform, while aspirational brands like LVMH and Burberry face challenges. Tema Luxury ETF is positioned cautiously, holding cash for potential dip-buying opportunities.

Portfolio Pulse from Piero Cingari

October 19, 2024 | 4:00 pm

HOOD

DealMaker, a Toronto-based e-commerce platform, enables companies to raise capital online efficiently. CEO Rebecca Kacaba highlighted its streamlined technology and low failed payment rate. The platform allows investments in companies before they go public, with an average investment of $3,600.

Portfolio Pulse from Erica Kollmann

October 19, 2024 | 2:00 pm

TSLA

Gene Munster from Deepwater Asset Management discussed Tesla's autonomous vehicle plans, highlighting potential cost savings and market impact. He revised his timeline for full autonomy, suggesting it will take longer than expected. Tesla's Robotaxi fleet could significantly contribute to its income by 2030.

Portfolio Pulse from Ananya Gairola

October 19, 2024 | 6:32 am

ERJ

Embraer delivered 57 aircraft in Q3 2024, a 33% increase from the previous year, and reached a $22.7 billion backlog, the highest in 9 years. The Defense & Security backlog soared by almost 70%.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:50 pm

NSRGY

Procter & Gamble (P&G) reported a 1% drop in net sales for its fiscal 2025 first quarter, missing sales and net income estimates but exceeding adjusted profit estimates. Organic revenue grew 2% due to higher prices, but volume remained flat. P&G's volume grew in the U.S. but declined in China, particularly in hair and oral care. The company reiterated its fiscal 2025 guidance but faces challenges in both the U.S. and Chinese markets. Nestle also reported weak demand and adjusted its corporate structure.

Portfolio Pulse from Upwallstreet

October 18, 2024 | 9:54 pm