Streetbeat News

Stock Prices

XPON

Expion360 shares are trading higher following the announcement of a partnership with K-Z Recreational Vehicles to integrate advanced lithium-ion battery technology, enhancing the off-grid capabilities of K-Z RV's premium offerings.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:33 pm

GPN

Global Payments Inc. (NYSE:GPN) has appointed Robert Cortopassi as its new president and chief operating officer, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:32 pm

LUV

Elliott Investment Management has announced a 7% stake in Southwest Airlines (NYSE:LUV) and is advocating for a management overhaul, including the replacement of CEO Bob Jordan and Executive Chairman Gary Kelly. Elliott's total economic interest in Southwest, including derivatives, is approximately 11%. The firm is pushing for changes to enhance the airline's performance and has hinted at proposing new board candidates.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 12:31 pm

ITIC

Investors Title (NASDAQ:ITIC) reported a strong Q2 with EPS of $4.70, up 17.5% YoY, and sales of $65.38M, up 12.12% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:31 pm

SPY

USA imports for June increased to $66.01 billion from $64.80 billion in the previous month, indicating a rise in import activity.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:30 pm

SPY

The US trade balance for June was reported at -$73.1 billion, slightly worse than the estimated -$72.50 billion.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:30 pm

NVTS

Navitas Semiconductor (NASDAQ:NVTS) reported mixed Q2 results, with a loss per share of 7 cents missing estimates but sales of $20.468 million beating expectations. Despite positive comments from the CEO, the company's Q3 revenue guidance fell short of market estimates, leading to a 6.2% drop in share price. Analysts from Rosenblatt and Needham maintained Buy ratings but lowered their price targets.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 12:28 pm

LCID

TSLA

Lucid Group CEO Peter Rawlinson criticized rival auto companies for opening reservation lists prematurely, stating that Lucid will open reservations for its Gravity SUV at an 'appropriate time.' The Gravity SUV, expected to start under $80,000, is set to begin production later this year. Rawlinson's comments were likely directed at Tesla, which has faced delays in delivering its Cybertruck and next-generation Roadster despite taking reservations years in advance.

Portfolio Pulse from Anan Ashraf

August 06, 2024 | 12:28 pm

UBER

Uber Technologies, Inc (NYSE:UBER) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. The company saw significant growth in its Mobility and Delivery segments, and achieved record profitability. Uber's outlook for Q3 is also positive, with expected growth in gross bookings and adjusted EBITDA.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 12:27 pm

LYFT

UBER

Lyft shares are trading higher in sympathy with Uber, which reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:25 pm