Streetbeat News

Stock Prices

AAPL

Apple's upcoming AI-enabled iPhone 16 launch is expected to drive significant growth, with Wedbush analyst Daniel Ives predicting a 'supercycle' of upgrades. Initial shipments are estimated at 90 million+, surpassing previous estimates. The AI-driven upgrade cycle could lead to 240 million iPhone shipments in 2025 and an annual $10 billion incremental growth in Services. Despite some skepticism, Ives has an 'outperform' rating and a $285 price target for Apple stock.

Portfolio Pulse from Shanthi Rexaline

August 12, 2024 | 6:56 am

TSLA

Tesla's lead engineer confirmed that the rear-wheel drive variant of the Cybertruck has not been canceled and will be available later. Tesla revamped its Cybertruck order page to offer the Foundation series, a limited and pricier edition, instead of the non-Foundation version. The Foundation series includes two variants, while the non-Foundation series has three, including the rear-wheel drive version. Concerns have arisen about demand and the availability of the rear-wheel drive variant. Elon Musk reiterated the need to make the vehicle more affordable in the future.

Portfolio Pulse from Anan Ashraf

August 12, 2024 | 6:50 am

SRFM

Surf Air Mobility has announced a 1-for-7 reverse stock split, with shares set to trade on an adjusted basis on the NYSE starting August 19th.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:45 am

GOOG

GOOGL

TSLA

Waymo, a subsidiary of Alphabet Inc., has been causing disturbances in a San Francisco parking lot with its autonomous vehicles honking for extended periods. The company is aware of the issue and is working on a solution. This comes at a crucial time as Alphabet recently invested $5 billion in Waymo to bolster its technology and commercialization efforts. Waymo's performance sets a high standard for competitors like Tesla, which must meet similar metrics for regulatory approval of their robotaxi services.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 6:36 am

URG

Ur-Energy (AMEX:URG) reported Q2 2024 GAAP EPS of $(0.02), missing the $0.00 estimate. Sales were $4.653M, missing the $10.637M estimate. Despite the misses, EPS improved from $(0.03) last year, and sales increased significantly from $39K.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:34 am

SKYE

Skye Bioscience (NASDAQ:SKYE) reported Q2 2024 GAAP EPS of $(0.20), beating the analyst consensus estimate of $(0.24) by 16.67%. This represents a 75% improvement over the $(0.80) per share loss from the same period last year. The company also reported a cash position of $74.1 million.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:14 am

CMAX

CareMax (NASDAQ:CMAX) reported Q2 2024 adjusted EPS of $(9.86), missing the $(6.86) estimate by 43.73%. Sales were $198.627M, missing the $206.928M estimate by 4.01%. This represents a 134.76% increase in losses and an 11.50% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:12 am

CMCL

Caledonia Mining (AMEX:CMCL) reported a significant increase in its Q2 earnings per share (EPS) and sales. The EPS rose to $0.50 from $0.10 year-over-year, marking a 400% increase. Sales also saw a substantial rise, reaching $50.11 million, up 35.31% from $37.03 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:09 am

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) successfully launched its 52nd Electron rocket, deploying Capella Space's Acadia satellite to low Earth orbit. This mission is part of a multi-launch contract with Capella Space.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:05 am

BTCUSD

Economist Peter Schiff reiterated his skepticism towards Bitcoin, stating he hasn't seen a compelling argument to embrace it. His comments follow a nearly 3% drop in Bitcoin's value over the weekend.

Portfolio Pulse from Aniket Verma

August 12, 2024 | 4:41 am