Streetbeat News

Stock Prices

EEFT

Euronet Worldwide (NASDAQ:EEFT) reported Q2 2024 earnings of $2.25 per share, missing the analyst estimate of $2.26. Sales were $986.2 million, below the $1.007 billion estimate. Despite missing estimates, earnings and sales increased year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:16 am

AXP

HAL

NFLX

PPG

SLB

U.S. stock futures are trading higher this morning. Key stocks to watch include American Express, Netflix, Schlumberger, PPG Industries, and Halliburton. American Express and Halliburton are expected to report earnings before the market opens. Netflix posted better-than-expected Q2 results but saw a slight decline in after-hours trading. PPG Industries reported mixed results and cut its guidance, leading to a drop in its share price.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:02 am

BBJP

DXJ

EWJ

Japan's National Consumer Price Index (CPI) for June increased by 0.3% month-over-month, compared to a 0.5% rise in the previous month. This indicates a slowdown in inflation growth.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 4:53 am

NFLX

Gene Munster from Deepwater Asset Management highlighted that Netflix's (NASDAQ:NFLX) earnings call took 27 minutes to mention 'generative AI,' indicating that AI is not central to Netflix's business model. Despite this, Netflix reported strong Q2 revenue of $9.56 billion, beating estimates, and projected Q3 revenue of $9.73 billion.

Portfolio Pulse from Ananya Gairola

July 19, 2024 | 4:26 am

DOGEUSD

PEPEUSD

SHIBUSD

Shiba Inu (SHIB) experienced a significant 875% increase in its burn rate, removing 52 million tokens from circulation. However, this was overshadowed by a massive sell-off of 5.4 trillion SHIB tokens, worth $94 million, following a hack on the WazirX exchange. The price of SHIB fell 8%, and the overall memecoin market cap dropped 4.49%. Trading volume for SHIB tripled to $1.29 billion, indicating panic-selling.

Portfolio Pulse from Aniket Verma

July 19, 2024 | 4:12 am

AAPL

LPL

TSM

Top analyst Ming-Chi Kuo has cast doubt on the anticipated surge in Apple Inc.’s (NASDAQ:AAPL) upcoming iPhone 16 sales. Kuo noted that Apple has not ramped up its iPhone 16 orders, and suppliers TSMC and Largan have not reported an increase in unit growth. Kuo estimates iPhone 16 orders for the second half of 2024 to be around 87 million units, lower than the 91 million iPhone 15 units ordered in 2023. He also expressed skepticism about the new Apple Intelligence feature driving significant sales.

Portfolio Pulse from Ananya Gairola

July 19, 2024 | 3:28 am

BTCUSD

Dave Portnoy, founder of Barstool Sports, predicts a significant increase in Bitcoin's value if Donald Trump wins the upcoming U.S. presidential election. Portnoy, who has a sponsorship deal with cryptocurrency exchange Kraken, believes Bitcoin will 'rip' under a Trump presidency despite his history of unsuccessful Bitcoin trades.

Portfolio Pulse from Aniket Verma

July 19, 2024 | 3:22 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market experienced a decline as the odds of Donald Trump winning the presidential race dropped. Bitcoin, Ethereum, and Dogecoin saw price decreases, with Bitcoin falling from $65,000 to $63,500. Analysts suggest it might be a good time to 'long the dip' despite the negative price action.

Portfolio Pulse from Aniket Verma

July 19, 2024 | 3:00 am

RIVN

TSLA

Ross Gerber, a prominent Tesla investor, praised Rivian's R1S SUV on social media, highlighting a 77% surge in sales in California. Despite Elon Musk's skepticism, Gerber remains optimistic about Rivian's future.

Portfolio Pulse from Benzinga Neuro

July 19, 2024 | 2:27 am

ARKW

BEAM

GTLB

TSLA

TXG

Cathie Wood's Ark Invest sold $8 million worth of Tesla shares despite a bullish forecast on Tesla's potential in the autonomous taxi sector. The ARK Next Generation Internet ETF sold 32,199 shares of Tesla. Additionally, Ark Invest's Genomic Revolution ETF bought shares of Guardant Health, 10X Genomics, and Beam Therapeutics, while the ARKW fund also bought shares of GitLab.

Portfolio Pulse from Benzinga Neuro

July 19, 2024 | 2:12 am