Streetbeat News

Revenues

ISPR

Ispire Technology reported a fiscal year 2024 EPS of $(0.27), a decrease from $(0.12) the previous year. However, revenue increased to $151.9 million from $115.6 million.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:36 am

FTS

Fortis has released its 2025-2029 outlook, announcing a capital plan of $26 billion, which is $1 billion higher than its previous plan. The company expects a 6.5% average annual rate base growth through 2029.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:13 am

WCC

Wesco maintains its 2024 outlook consistent with its Q2 earnings report, expecting adjusted EPS of $12 to $13. The company anticipates mid-single-digit organic growth, with EBITDA growth at twice the rate of sales, and aims for free cash flow equal to adjusted net income. Wesco projects reported sales decline of 3.5% to 1.5% and organic sales growth of -1.5% to 0.5% compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:08 am

SHLT

SHL Telemedicine reported a slight improvement in EPS from $(0.25) to $(0.24) YoY, but experienced a decline in sales from $29.00M to $27.90M YoY.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:26 am

WD

Walker & Dunlop has financed $137.29 million for Luka On The Common, a 398-unit, 30-story trophy asset in downtown Boston.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:58 am

MU

NVDA

SK Hynix's shares surged over 9% as it began mass production of advanced HBM3E chips, driven by AI demand. The company, a key supplier to NVIDIA, plans to deliver these chips by year-end. This positions SK Hynix ahead in the competitive AI-driven market.

Portfolio Pulse from Kaustubh Bagalkote

September 26, 2024 | 3:10 am

GK

ITB

LEN

NAIL

US single-family home sales fell 4.7% in August from July but rose 9.8% year-over-year. Mortgage rates declined, with the 30-year rate at a two-year low. Lennar Corporation, iShares U.S. Home Construction ETF, and Direxion Daily Homebuilders & Supplies Bull 3X Shares saw stock declines, while AdvisorShares Gerber Kawasaki ETF saw a slight increase.

Portfolio Pulse from Michael Juliano

September 25, 2024 | 10:40 pm

AMZN

PDD

WMT

BofA Securities anticipates strong online spending this holiday season, with Amazon and Walmart well-positioned to benefit. Consumers are focused on value, with 52% planning to increase online spending. Walmart leads in online groceries, while Amazon sees high spending intentions.

Portfolio Pulse from Erica Kollmann

September 25, 2024 | 10:12 pm

UBS

UBS Group AG (NYSE:UBS) has significantly outperformed the market over the past five years, delivering an average annual return of 21.91%. A $100 investment in UBS five years ago would now be worth $265.25, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 9:30 pm

TJX

TJX Companies (NYSE:TJX) has significantly outperformed the market over the past 15 years, with an annualized return of 18.56%. A $100 investment in TJX 15 years ago would now be worth $1,271.92, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 9:30 pm