Streetbeat News

Revenues

KBR

KBR has secured a $140 million task order to provide safety and engineering support for the U.S. Air Force at Hill Air Force Base. The contract involves research and analysis to enhance operational safety and engineering tasks for various Air Force systems.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:02 am

RIVN

TSLA

Tesla's Cybertruck significantly boosted EV registrations in the U.S. in July, with Tesla seeing a 1.2% increase in registrations. Despite heavy incentives driving sales, Tesla's dominance in the EV market remains strong, while Rivian saw a slight decline.

Portfolio Pulse from Anan Ashraf

September 16, 2024 | 9:57 am

AAPL

Apple is facing lower than expected demand for its iPhone 16 Pro and Pro Max models during the first weekend of pre-orders, according to analyst Ming-Chi Kuo. Despite robust overall sales, the Pro models are underperforming, potentially impacting Apple's revenue projections. The iPhone 16 series, introduced with new AI capabilities, is also facing competition in China, and Apple has increased battery replacement prices for the Pro models.

Portfolio Pulse from Rounak Jain

September 16, 2024 | 9:15 am

VGK

The Eurozone's trade balance for July was reported at 21.2 billion euros, surpassing the estimated 14.9 billion euros but slightly below the prior month's 22.3 billion euros.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 9:03 am

23andMe Therapeutics has released Phase 2 findings for its 23ME-00610 trial, showing clinical benefits in clear-cell renal-cell carcinoma. The study highlights the potential of CD200 and human genetics as biomarkers for patient selection.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 7:28 am

TRMB

Trimble has sold its global telematics business to Platform Science and will become a key investor with a 32.5% stake in the expanded business. This move is expected to positively impact Trimble's financial metrics.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 7:23 am

TSLA

Tesla Inc (NASDAQ:TSLA) has produced its 100 millionth 4680 cell, enough to power over 73,500 Cybertrucks. The company aims to ramp up production to deliver 250,000 units annually by 2025. The transition to in-house 'dry' cathode cells is expected to reduce costs and improve profitability.

Portfolio Pulse from Anan Ashraf

September 15, 2024 | 1:41 am

AFCG

IIPR

NLCP

REFI

New Lake Capital Partners (OTC:NLCP) is highlighted as a stable investment in the volatile cannabis market, offering strong dividend yields and rental income growth. Despite some tenant risks, NLCP's conservative debt strategy and solid financial performance make it an attractive option compared to peers like Innovative Industrial Properties (NYSE:IIPR).

Portfolio Pulse from Nicolás Jose Rodriguez

September 14, 2024 | 8:32 pm

INCR

OGI

InterCure Ltd. (NASDAQ:INCR) has shown resilience in H1 2024 with revenues surpassing estimates despite challenges. The company is guiding for double-digit sales growth in H2 2024 and plans to expand its product offerings. However, cash reserves have plummeted, and net debt has increased. The stock has dropped significantly but remains attractively valued.

Portfolio Pulse from Nicolás Jose Rodriguez

September 14, 2024 | 6:32 pm

GOEV

KARS

LCID

TSLA

VFS

The EV market saw significant developments this week. Tesla's sales in China are recovering, Lucid unveiled a midrange EV, Ford plans to restart EV production in India, Canoo withdrew its guidance, and VinFast is under regulatory scrutiny. The KraneShares EV ETF gained 4.47% for the week.

Portfolio Pulse from Shanthi Rexaline

September 14, 2024 | 4:00 pm