Streetbeat News

Revenues

GM

General Motors (GM) anticipates a reduction in its electric vehicle (EV) EBIT losses by $2 billion to $4 billion for the next year. The company expects this improvement in EV profitability to be a significant positive factor for 2025.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:46 pm

V

Visa Inc. (NYSE:V) has a current share price of $275.06, with a P/E ratio of 29.31, which is lower than the Financial Services industry average of 33.55. This could suggest that Visa is undervalued compared to its peers, but investors should consider other factors beyond the P/E ratio for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 7:45 pm

GM

General Motors (GM) anticipates a significant improvement in its electric vehicle (EV) earnings before interest and taxes (EBIT) margin, expecting a 55-point year-over-year increase by the end of 2024, as stated by the company's CFO during an Investor Day event.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:45 pm

GM

General Motors (GM) anticipates a financial benefit of approximately $800 million in 2024 from the Inflation Reduction Act (IRA), with expectations for this benefit to grow in subsequent years.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:41 pm

ASML

ASML Holding (NASDAQ:ASML) has significantly outperformed the market over the past 15 years, with an annualized return of 22.28%. A $100 investment 15 years ago would be worth $2,002.05 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 7:30 pm

GIL

Gildan Activewear (NYSE:GIL) has outperformed the market over the past 20 years, achieving an average annual return of 13.76%. A $1000 investment in GIL 20 years ago would be worth $13,195.82 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 7:11 pm

IQV

Analysts have provided a range of ratings for IQVIA Holdings (NYSE:IQV) over the past three months, with a mix of bullish and neutral sentiments. The average 12-month price target has increased by 4.01% to $272.91. IQVIA's financials show strong revenue growth and profitability, but a high debt-to-equity ratio raises concerns about financial leverage.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 7:11 pm

CI

Cigna (NYSE:CI) has significantly outperformed the market over the past 15 years, with an annualized return of 17.72%. A $100 investment in Cigna 15 years ago would now be worth approximately $1,195.86. This highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 7:11 pm

RIO

Rio Tinto's stock is trading lower due to concerns over China's economic stimulus, impacting demand for key commodities like iron ore and copper. The Hang Seng Index's significant drop reflects investor disappointment, affecting Rio Tinto's revenue outlook.

Portfolio Pulse from Henry Khederian

October 08, 2024 | 6:56 pm

GRAMF

MSOS

REFI

VRNOF

The removal of Section 280E from the Internal Revenue Code could allow cannabis companies to operate like normal businesses, enabling them to deduct typical business expenses. This change would provide companies like Verano Holdings and others with more funds for R&D and make them more attractive to investors. The potential rescheduling of cannabis could further enhance these benefits.

Portfolio Pulse from Jelena Martinovic

October 08, 2024 | 6:48 pm