Streetbeat News

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LCID

LI

NIO

TSLA

XPEV

Chinese EV stocks, including NIO, XPeng, Li Auto, and Lucid Motors, rose after China criticized EU tariffs and pledged industry support. The EU imposed additional tariffs on BEV imports but reduced duties for major automakers like Tesla. China's stimulus plans and trade-in programs are boosting EV sales.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 4:23 pm

SQM

SQM's CEO announced that the company's lithium sales volume in the second half of the year is expected to be similar to the first half. This suggests stable production and demand for lithium, which is crucial for electric vehicle batteries.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:18 pm

PYPL

PayPal's Fastlane is set to grow through a partnership with Adyen, but JPMorgan analyst Tien-Tsin Huang notes that the full impact may not be seen until 2025. The partnership includes a revenue share agreement, and Adyen merchants can opt-in to Fastlane without requiring Branded PayPal. Fastlane's use of PayPal's vault technology is promising, with a 70% recognition rate in beta tests.

Portfolio Pulse from Surbhi Jain

August 21, 2024 | 4:16 pm

NVDA

ON

SMH

SOXX

ON Semiconductor is diversifying its supply chain with a new $2 billion facility in the Czech Republic and expanding in South Korea to mitigate risks from Chinese chip suppliers. Despite a recent revenue decline, the stock shows a bullish trend above its 200-day moving average.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 4:14 pm

STT

State Street Corporation (NYSE:STT) has announced a strategic partnership with Swiss cryptocurrency firm Taurus SA to enhance its digital asset capabilities. This collaboration aims to strengthen State Street's Digital Asset Solutions by integrating Taurus' custody, tokenization, and node-management solutions. Additionally, State Street has issued $1 billion in senior debt and reported strong second-quarter fiscal 2024 revenues.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 4:12 pm

FIVE

Analysts have recently evaluated Five Below (NASDAQ:FIVE), with 32 analysts providing ratings ranging from bullish to bearish. The average 12-month price target has decreased by 26.59% to $127.69, with a high of $223.00 and a low of $75.00. Analysts have predominantly lowered their ratings and price targets, reflecting a negative shift in sentiment. Despite this, Five Below has shown strong financial performance with a revenue growth rate of 11.79%, a net margin of 3.88%, and a return on equity of 1.99%.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 4:01 pm

SQM

Analysts have provided mixed ratings for Sociedad Quimica Y Minera (NYSE:SQM) over the past three months, with a downward trend in price targets. The average 12-month price target is now $44.33, down from $50.40. The company's financial performance shows challenges, including a significant revenue decline and low profitability metrics.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 4:00 pm

ECL

Ecolab (NYSE:ECL) has been analyzed by 14 financial analysts, showing a range of opinions from bullish to bearish. The average 12-month price target has increased by 3.33% to $265.0. Ecolab's financials reveal a positive revenue trend and strong profitability, with a net margin of 12.32% and a return on equity of 5.95%.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 4:00 pm

CELH

Celsius Holdings (NASDAQ:CELH) has significantly outperformed the market over the past decade, with an annualized return of 72.57%. A $1000 investment in CELH 10 years ago would now be worth $213,826.99, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 4:00 pm

COTY

Analysts have mixed ratings for Coty (NYSE:COTY) with a recent average price target of $13.5, down from $14.25. The company's financial performance shows strong revenue growth and profitability, but concerns about high debt levels remain.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 4:00 pm