Streetbeat News

Revenues

AIN

Albany International has updated its full-year outlook, primarily due to revised revenue and profitability expectations for its aerospace business within the Engineered Composites segment.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 10:05 am

MPNGY

TCEHY

TCOM

Citi identifies Tencent, Trip.com Group, and Meituan as potential beneficiaries of China's new economic stimulus measures. These U.S.-listed Chinese stocks are expected to gain from increased consumer spending and market confidence.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 9:52 am

VGK

The Eurozone Services Purchasing Managers Index (PMI) for September was reported at 51.4, higher than the estimated 50.5 but lower than the previous month's 52.9. This indicates a slower expansion in the services sector compared to August.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:06 am

EWG

The Germany Services Purchasing Managers Index (PMI) for September remained unchanged at 50.6, meeting expectations but slightly down from the previous month's 51.2. This indicates a stable but slightly slowing growth in the German services sector.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 7:56 am

EWQ

The France Services Purchasing Managers Index (PMI) for September was reported at 49.6, which is higher than the estimated 48.3 but lower than the previous month's 55.0. This indicates a contraction in the services sector, though less severe than expected.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 7:56 am

FPI

Farmland Partners has sold a $289 million portfolio to Farmland Reserve, generating a $50 million gain over book value. The sale includes farms in several states but excludes valuable Illinois farmland. This follows a $200 million asset sale earlier in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:30 am

PAC

Grupo Aeroportuario del Pacifico (PAC) reported a 3.9% decrease in passenger traffic for September 2024 compared to the previous year. While Guadalajara airport saw a 4.1% increase, Los Cabos, Tijuana, and Puerto Vallarta experienced declines of 9.9%, 6.2%, and 5.1% respectively. Montego Bay also saw an 11.5% decrease.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:04 am

EWA

Australia's trade balance for August was reported at 5.644 billion, slightly above the estimated 5.510 billion and the revised prior figure of 5.636 billion. This indicates a stronger than expected trade performance for the country.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:35 am

BBJP

DXJ

EWJ

The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for September was reported at 53.1, below the estimated 53.9 and the prior 53.7. This indicates a slower expansion in Japan's services sector.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:34 am

NVDA

Nvidia's CEO Jensen Huang announced that the demand for the next-gen Blackwell GPU platform is extremely high. The Blackwell chips, set to launch in the fourth quarter, are expected to significantly outperform previous models and generate substantial revenue. Despite previous delays, analysts remain optimistic about Nvidia's future.

Portfolio Pulse from Ananya Gairola

October 03, 2024 | 3:23 am