Streetbeat News

Stock Prices

DLTH

Duluth Holdings Inc. (NASDAQ:DLTH) shares are trading lower after the company reported a larger-than-expected loss for Q1 and missed revenue estimates. The company also provided a cautious outlook for FY24.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 3:51 pm

CME

SPY

CME has confirmed that no index pricing is currently being generated and is working on resolving the issue.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:47 pm

BAC

SPY

Bank of America CEO Brian Moynihan provided insights on inflation, credit risk, consumer credit, loan demand, and trading revenue. He expects inflation to be under control by next year, sees no stress in consumer credit, and notes solid but not robust loan demand. Trading revenue is expected to increase by a single-digit percentage in Q2 compared to last year, with equities performing stronger and fixed income remaining flat.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:40 pm

TLT

The iShares 20+ Year Treasury Bond ETF (TLT) has experienced significant declines, with a 12.85% drop over the past year and a 10% drop year-to-date. Investors are closely watching the upcoming PCE Price Index release, which could impact TLT's performance. Recent weak demand in U.S. government-debt auctions has caused Treasury yields to spike, further pressuring bond prices. Technical indicators for TLT remain bearish, and political uncertainties add to the complexity of the bond market outlook.

Portfolio Pulse from Surbhi Jain

May 30, 2024 | 3:40 pm

ARKF

ARKK

ARKQ

ARKW

NVDA

PATH

TSLA

TWLO

Cathie Wood's Ark Invest sold its Nvidia (NVDA) shares too early, missing out on significant gains. The Ark Innovation ETF (ARKK) sold its Nvidia shares between November 2022 and January 2023, missing out on potential profits of $777.6 million. Despite this, Ark Invest still holds Nvidia shares in smaller ETFs and remains bullish on AI, with Tesla (TSLA) being a major holding.

Portfolio Pulse from Chris Katje

May 30, 2024 | 3:39 pm

BAM

BEP

MSFT

NOSPF

Brookfield Asset Management Inc (NYSE:BAM), along with its partners, has entered exclusive negotiations to acquire a 53.32% stake in Neoen (OTC:NOSPF) for EUR 39.85 per share. The acquisition price represents a significant premium over recent prices. The deal is expected to close by Q4 2024, with a tender offer to follow in Q1 2025. Brookfield also recently agreed to supply Microsoft Corporation (NASDAQ:MSFT) with over 10,500 megawatts of renewable power.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 3:39 pm

INSM

Insmed shares are trading higher following the announcement of a $650 million public offering.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:33 pm

Reliance (NYSE:RS) has seen a 10.23% increase in its short percent of float, now at 2.37% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Reliance's short interest is still lower than its peer group average of 6.28%.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 3:30 pm

LNG

Cheniere Energy (NYSE:LNG) has significantly outperformed the market over the past 15 years, delivering an average annual return of 27.55%. A $100 investment in LNG 15 years ago would be worth $3,774.76 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 3:30 pm

MNST

Monster Beverage (NASDAQ:MNST) has significantly outperformed the market over the past 10 years, delivering an average annual return of 16.34%. A $100 investment in MNST 10 years ago would now be worth $463.44. The company's current market capitalization is $54.04 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 3:30 pm