Streetbeat News

Stock Prices

BDWBY

Budweiser APAC (OTC: BDWBY) reported a 0.4% decline in Q1 revenues and a 3.4% drop in profits, primarily due to decreased sales in China and South Korea. Despite a focus on high-end beers, competition in the premium beer market is intensifying. Analysts expect potential earnings improvement in the second half of the year.

Portfolio Pulse from The Bamboo Works

May 17, 2024 | 2:00 pm

DUO

Fangdd Network Group shares were halted on a circuit breaker due to a significant upward movement, with the stock now up by 291.2%.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:57 pm

TTWO

Take-Two Interactive Software shares are trading higher, reversing from earlier weakness, amid volatility following the company's better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:55 pm

AIRR

NBSM

RBC

RBC Bearings (NYSE:RBC) shares are trading higher after reporting strong Q4 FY24 results, with net sales up 4.9% Y/Y to $413.7 million, beating expectations. Aerospace/Defense revenue grew 16.8% Y/Y, while Industrial revenue slightly declined. Adjusted EPS increased 16.0% Y/Y to $2.47, surpassing estimates. The company expects strong performance in Q1 FY25 with net sales forecasted between $415.0 million and $420.0 million. Investors can also gain exposure through ETFs like AIRR and NBSM.

Portfolio Pulse from Lekha Gupta

May 17, 2024 | 1:51 pm

DUO

Fangdd Network Group shares have resumed trading after a temporary halt. The company, listed under the ticker symbol DUO, is expected to see some market activity following this resumption.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:49 pm

AKAN

AMAT

AMPG

CRKN

DUO

GME

HSCS

US stocks edged higher with the Dow Jones, NASDAQ, and S&P 500 showing slight gains. Applied Materials reported better-than-expected Q2 earnings, boosting its stock. Fangdd Network Group, Akanda Corp, and Crown ElectroKinetics saw significant stock price increases, while Heart Test Laboratories, AmpliTech Group, and GameStop experienced notable declines.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 1:47 pm

TLT

Bank of America's chief investment strategist, Michael Hartnett, suggests 30-year Treasury bonds as the best hedge against a potential hard landing in the U.S. economy. Despite a significant decline in these bonds, Hartnett believes they could rebound strongly. He also shares views on other asset classes, including commodities, U.S. stocks, and gold.

Portfolio Pulse from Piero Cingari

May 17, 2024 | 1:45 pm

FFIE

Faraday Future Intelligent Electric (FFIE) shares have resumed trading after a temporary halt. The company is expected to provide updates on its business operations and future plans.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:43 pm

BA

ITA

SPR

XAR

Spirit AeroSystems (SPR) is laying off 400-450 employees due to a production slowdown at Boeing (BA), its largest client. The layoffs are linked to quality issues with the 737 MAX jets and delays in Boeing's acquisition of Spirit. Boeing has reduced production rates, impacting Spirit's operations. Spirit's stock has gained over 24% in the last 12 months, and investors can gain exposure through ETFs like XAR and ITA.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 1:40 pm

FFIE

Faraday Future Intelligent Electric shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 78.8%.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:39 pm