Streetbeat News

Revenues

UPST

Upstart Holdings Inc (NASDAQ:UPST) shares fell 5.2% to $34.36 after a 43% gain over the last five trading days. The stock surged last week due to better-than-expected Q2 financial results and strong Q3 revenue guidance. Upstart reported a quarterly loss of 17 cents per share, better than the expected 39 cents loss, and revenue of $128 million, surpassing estimates. The company originated 143,900 loans totaling $1.1 billion, a 6% decrease from the previous year, but improved its conversion rate from 9% to 15%. CEO Dave Girouard cited advances in AI, renewed funding supply, and operational efficiency as key factors for the positive outlook. For Q3 2024, the company anticipates revenue of about $150 million, exceeding the $124.5 million estimate.

Portfolio Pulse from Henry Khederian

August 12, 2024 | 7:28 pm

DIS

Epic Games is collaborating with The Walt Disney Company (NYSE:DIS) to introduce characters from Star Wars, Marvel, and Pixar into Fortnite. This collaboration, announced at the Disney Experiences Showcase during D23 2024, will start on August 12 and continue with the launch of Chapter 5 Season 4: 'Absolute Doom' on August 16. The update follows Disney's $1.5 billion stake in Epic Games acquired in March.

Portfolio Pulse from Franca Quarneti

August 12, 2024 | 7:26 pm

HD

LOW

Home Depot (NYSE:HD) is set to report its Q2 earnings, with analysts estimating revenue of $43.38 billion and EPS of $4.50. Despite potential weather-related headwinds and lowered same-store sales estimates, analysts maintain positive ratings, with JPMorgan raising the price target to $400. Foot traffic data suggests a potential rebound in the housing market, which could benefit Home Depot. Lowe's (NYSE:LOW) is also mentioned as a peer, with its Q2 results due on Aug. 20.

Portfolio Pulse from Chris Katje

August 12, 2024 | 7:14 pm

MULN

Mullen Automotive reported Q3 revenue of $65,235, which is significantly low for an automotive company.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:03 pm

OKE

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years with an average annual return of 10.51%, resulting in a $100 investment growing to $735.39. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 7:00 pm

ZTS

Zoetis (NYSE:ZTS) has significantly outperformed the market over the past 10 years, delivering an average annual return of 18.17%. A $100 investment in Zoetis 10 years ago would be worth $540.13 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 7:00 pm

LMT

PPA

RTX

Russia evacuated civilians from a second area bordering Ukraine as Kyiv continues its ground offensive. The U.S. is sending additional weapons to Ukraine, benefiting U.S. ammunition manufacturers. RTX Corporation and Lockheed Martin Corporation saw stock gains, while the Spade Defense Index slipped.

Portfolio Pulse from Michael Juliano

August 12, 2024 | 6:48 pm

BYDDY

TSLA

Tesla's vehicle sales in China rebounded in July with a 15% year-over-year increase and a 7.8% market share of new electric vehicles. August sales are expected to be strong due to a holiday and buying incentives, potentially boosting Tesla's Q3 performance. Tesla's Shanghai gigafactory delivered 46,277 vehicles domestically in July, marking the best first month for a quarter in China. The Tesla Model Y was the bestselling new energy vehicle in China for the first half of 2024. Despite competition from BYD and demand concerns in the US, the strong rebound in China is positive for investors.

Portfolio Pulse from Chris Katje

August 12, 2024 | 6:33 pm

KEX

Kirby (NYSE:KEX) has outperformed the market over the past 20 years with an average annual return of 9.81%, surpassing the market by 1.59% annually. A $1000 investment in KEX 20 years ago would be worth $6,646.64 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 6:30 pm

IRM

Iron Mountain (NYSE:IRM) has outperformed the market over the past 10 years with an average annual return of 11.73%, surpassing the market by 1.35% annually. A $100 investment in IRM 10 years ago would now be worth $304.40. The article highlights the impact of compounded returns on long-term investment growth.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 6:30 pm