Streetbeat News

Stock Prices

BUD

Anheuser-Busch Inbev (BUD) anticipates its FY23 EBITDA to grow in line with its medium-term outlook of between 4%-8%. The company also expects its revenue to grow ahead of EBITDA due to a healthy combination of volume and price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:36 pm

TSLA

UBER

Gary Black from Future Fund suggests that Tesla, Inc. (NASDAQ:TSLA) should consider buying Uber Technologies, Inc. (NYSE:UBER) to capitalize on its Robotaxi service. This acquisition would provide Tesla with access to Uber's 137 million consumers and their data. However, some critics argue that Tesla's data is superior to Uber's. Furthermore, Tesla would need to sell shares or raise debt financing to afford Uber's $95 billion market. Tesla's stock closed down 2.67% at $254.11, while Uber's stock rose 0.66% to $46.96.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 12:36 pm

EWG

VGK

Germany's trade balance for June was reported at 18.7B, exceeding the estimated 15.0B and the prior figure of 14.4B.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:36 pm

DOGEUSD

LTCUSD

The price of Litecoin (LTC) dropped to its lowest level in a month, following its third halving event. The cryptocurrency experienced a decline of approximately 6% throughout the day, underperforming both Bitcoin (BTC) and Ethereum (ETH). The Litecoin blockchain provides security to Dogecoin (DOGE), which also saw a 4% drop in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 12:35 pm

RBOT

Vicarious Surgical has announced the pricing of its $45M public offering of 45M Class A common stock at $1 per share.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:35 pm

VEON

VEON reported Q2 sales of $916.00 million, a decrease of 4.28% from $957.00 million in the same period last year. EBITDA also fell by 10.6% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:35 pm

ANSS

Ansys has increased its FY23 revenue forecast from $2.242B-$2.322B to $2.257B-$2.327B, slightly above the consensus estimate of $2.29B.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:35 pm

EXPE

Expedia Group, Inc. (NASDAQ:EXPE) is expected to report higher Q2 earnings at $2.32 per share, up from $1.96 per share a year ago. The company's revenue might reach $3.37 billion. However, Expedia shares fell 2.3% to close at $118.00 on Wednesday. Several analysts have recently adjusted their price targets for the company, with ratings ranging from Neutral to Buy.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 12:35 pm

BBJP

DXJ

EWJ

The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for July has come in at 58.3, significantly higher than the estimated 53.9 and the previous month's 54. This indicates a strong expansion in the services sector in Japan.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:34 pm

MIRA

MIRA Pharmaceuticals has announced the pricing of its Initial Public Offering (IPO) at $7 per share, aiming to raise a total of $8.9 million.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:34 pm