Streetbeat News

Revenues

General Motors (GM) reported a 46% increase in electric vehicle (EV) sales in Q3, driven by new models like the Chevrolet Equinox EV. Despite a drop in gas-powered vehicle sales, GM's diverse EV lineup positions it strongly against competitors like Tesla and Ford.

Portfolio Pulse from Anan Ashraf

October 02, 2024 | 8:39 am

AMZN

BABA

NKE

TSLA

WMT

Investors are closely watching Tesla, Amazon, Nike, Walmart, and Alibaba due to various market events. Tesla's upcoming Robotaxi event, Amazon's potential strike impact, Nike's revenue miss, Walmart's insider trading, and Alibaba's divestment speculation are key factors.

Portfolio Pulse from Benzinga Neuro

October 02, 2024 | 3:11 am

AYRWF

CRLBF

CURLF

GTBIF

PLNHF

TCNNF

VRNOF

Florida's cannabis market faces challenges despite significant investments in adult-use legalization. Companies like Trulieve and Curaleaf are heavily investing, but dispensary sales have slipped due to increased competition and external factors. The market's future hinges on legislative changes and potential growth if adult-use legalization passes.

Portfolio Pulse from Nicolás Jose Rodriguez

October 01, 2024 | 10:18 pm

GILD

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years, achieving an average annual return of 11.54%. A $1000 investment in GILD 20 years ago would be worth $8,831.14 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 9:34 pm

NSC

Norfolk Southern (NYSE:NSC) has significantly outperformed the market over the past 20 years, with an annualized return of 13.29%. A $1000 investment in NSC 20 years ago would be worth $12,247.78 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 9:34 pm

Lamb Weston is implementing a restructuring plan that includes reducing its global workforce by approximately 4%, closing a facility in Connell, Washington, and curtailing production lines in North America. The plan aims to generate $55 million in pre-tax cost savings and reduce capital expenditures by $100 million in fiscal 2025. The company expects to incur pre-tax charges of $200 million to $250 million.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:33 pm

CAE

CAE has secured a 25-year subcontract worth $1.7 billion from SkyAlyne to provide pilot training for the Royal Canadian Air Force. This contract will enhance CAE's operations at 15 Wing Moose Jaw and may lead to further orders for sustainment services.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:02 pm

HIG

Hartford Financial Services Group (NYSE:HIG) has outperformed the market over the past decade with an average annual return of 12.49%. A $1000 investment in HIG 10 years ago would now be worth $3,190.70. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 9:01 pm

NVRO

Analysts have mixed views on Nevro (NYSE:NVRO), with recent ratings showing a decline in price targets and a shift towards more neutral or bearish stances. The average 12-month price target has decreased by 36.05%. Nevro's financials show challenges with declining revenue but strong net margins and effective debt management.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 9:01 pm

PSA

Public Storage (NYSE:PSA) has outperformed the market over the past 20 years with an average annual return of 10.29%, surpassing the market by 1.85% annually. A $100 investment in PSA 20 years ago would now be worth $712.99.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 9:01 pm