Streetbeat News

Revenues

MUSA

Murphy USA (NYSE:MUSA) has significantly outperformed the market over the past 10 years, delivering an average annual return of 25.14%. A $1000 investment in MUSA 10 years ago would be worth $9,507.28 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:31 pm

CMC

Commercial Metals (NYSE:CMC) has significantly outperformed the market over the past 5 years, delivering an average annual return of 26.8%. A $100 investment in CMC 5 years ago would now be worth $339.51. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:31 pm

NKE

Nike Inc (NYSE:NKE) shares rose by 5.6% to $78.85, driven by investor optimism following a softer-than-expected Producer Price Index (PPI) report. The report has fueled speculation of a larger interest rate cut by the Federal Reserve, which could benefit consumer-driven companies like Nike by lowering borrowing costs and increasing consumer spending.

Portfolio Pulse from Henry Khederian

August 13, 2024 | 4:25 pm

SPY

XLK

XLV

Institutional investors took advantage of early August market volatility to buy discounted stocks and equity ETFs, with significant inflows into tech and communication services sectors. The SPDR S&P 500 ETF Trust (SPY) and Technology Select Sector SPDR Fund (XLK) saw notable inflows, while the Health Care Select Sector SPDR Fund (XLV) experienced outflows.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 4:12 pm

JWN

Nordstrom, Inc. (NYSE:JWN) announced plans to open a new Nordstrom Rack in Morrisville, North Carolina in spring 2025. This expansion aims to grow their footprint in the Raleigh market and introduce new customers to the Nordstrom experience.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:04 pm

WKEY

WISeKey's SEALCOIN AG has secured a $50 million token investment from GEM Digital Limited to develop DePIN using Hedera DLT Ledger. The Hashgraph Group will provide technical expertise and strategic guidance.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:02 pm

CAT

Caterpillar (NYSE:CAT) has outperformed the market over the past 15 years with an average annual return of 14.3%, surpassing the market by 2.41% annually. A $1000 investment in CAT 15 years ago would be worth $7,431.61 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:01 pm

ORLY

O'Reilly Automotive (NASDAQ:ORLY) has significantly outperformed the market over the past decade, delivering an average annual return of 21.92%. A $100 investment in ORLY 10 years ago would now be worth $725.84, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:00 pm

TLN

Talen Energy shares are trading higher following the company's better-than-expected Q2 revenue results and a year-over-year increase in Q2 EPS. Additionally, Talen Energy raised its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:52 pm

GM

General Motors (GM) is planning a major overhaul and job cuts in China, including discussions with local partner SAIC about capacity cuts and strategic redirection. The company is transitioning to electric vehicles and upscale models amid intense competition from local players.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 3:43 pm