Streetbeat News

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BASE

Couchbase (NASDAQ:BASE) has been evaluated by 14 analysts over the past three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target has decreased by 12.17% to $22.29. Analysts have adjusted their ratings and price targets, reflecting a cautious outlook. Couchbase has shown strong revenue growth but faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 4:00 pm

AZO

AutoZone (NYSE:AZO) has significantly outperformed the market over the past 15 years, with an annualized return of 22.56%. A $100 investment in AZO 15 years ago would now be worth $2,112.94, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 4:00 pm

SHEL

Shell's shares are experiencing an uptick following the company's release of its Q3 volume outlook.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:58 pm

DIS

WBD

The sequel to the 2019 hit film 'Joker', titled 'Joker: Folie à Deux', underperformed at the box office, raising concerns for Warner Bros. Discovery Inc. The film opened with $40 million domestically, below expectations, and received poor reviews. This could negatively impact Warner Bros.' stock, which is already down 33% year-to-date.

Portfolio Pulse from Chris Katje

October 07, 2024 | 3:54 pm

PINS

RDDT

SNAP

JP Morgan analyst Doug Anmuth maintains a Neutral rating on Reddit, Inc (NYSE:RDDT) with a raised price target of $77, citing strong fundamentals but valuation concerns. Reddit's ad performance and revenue growth are positive, but the stock is approaching fair valuation.

Portfolio Pulse from Anusuya Lahiri

October 07, 2024 | 3:48 pm

Unilever is investing over €150 million to revamp its European homecare supply chain and is increasing its promotion and R&D spending in this sector by 40%. The company's European homecare unit saw a sales increase of nearly 13% in the first half of the year.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:37 pm

BAMXF

EWG

MBGYY

SPY

VGK

VWAGY

Germany's manufacturing sector is experiencing a significant downturn, with new orders falling by 5.8% in August, much more than the expected 2% drop. This decline could have global repercussions, affecting U.S. companies that do business with German firms. The iShares MSCI Germany ETF (EWG) and other European-focused ETFs have shown limited growth compared to U.S. markets.

Portfolio Pulse from Hayden Buckfire

October 07, 2024 | 3:32 pm

LII

Lennox International (NYSE:LII) has significantly outperformed the market over the past decade, achieving an average annual return of 22.95%. A $1000 investment in LII 10 years ago would now be worth approximately $7992.53, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 3:30 pm

AMT

American Tower (NYSE:AMT) has significantly outperformed the market over the past 20 years, with an annualized return of 14.03%. A $100 investment in AMT 20 years ago would now be worth $1,376.45, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 3:30 pm

BMWYY

MBGAF

VWAGY

German recession fears rise as factory orders drop significantly in August, leading to concerns about Europe's largest economy. The decline in orders, especially in capital and intermediate goods, and souring business sentiment contribute to a bleak economic outlook. The DAX index fell following the news, and major German automakers like Volkswagen, Mercedes-Benz, and BMW face challenges amid increased competition and trade tensions.

Portfolio Pulse from European Capital Insights

October 07, 2024 | 3:04 pm