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GT

Goodyear Canada is set to invest C$575 million in expanding its Ontario plant, creating 200 new jobs. The expansion is supported by up to C$44.3 million in federal funding and C$20 million from the Ontario government.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:15 pm

SCHD

SPY

VZ

Verizon Communications Inc (NYSE:VZ) has secured a $4 million contract with the National Labor Relations Board (NLRB) to upgrade its Software-Defined Wide Area Network (SD-WAN) and implement new security infrastructure. This deal reinforces Verizon's position as a leading provider of Enterprise Infrastructure Solutions (EIS) to federal agencies. Despite missing Q2 sales estimates, Verizon's stock has gained over 21% in the last 12 months. Investors can also gain exposure to Verizon through Schwab US Dividend Equity ETF (NYSE:SCHD) and SPDR S&P 500 (NYSE:SPY).

Portfolio Pulse from Anusuya Lahiri

August 12, 2024 | 4:07 pm

CAG

In the last three months, 7 analysts have published ratings on Conagra Brands (NYSE:CAG), with a mix of bullish, somewhat bullish, and indifferent perspectives. The average 12-month price target is $31.43, down from $32.00. Recent analyst actions include one 'Buy' rating from Goldman Sachs and several downgrades from other firms. Conagra Brands faces revenue challenges, a low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 4:01 pm

AJG

Arthur J. Gallagher (NYSE:AJG) has significantly outperformed the market over the past decade, delivering an average annual return of 19.81%. A $100 investment in AJG 10 years ago would now be worth $609.05. The company's current market capitalization is $61.78 billion.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 4:00 pm

TRV

Travelers Companies (NYSE:TRV) has outperformed the market over the past 20 years with an average annual return of 9.47%, resulting in a $1000 investment growing to $6,194.30. The company currently has a market capitalization of $48.55 billion.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 4:00 pm

BTDR

Bitdeer Technologies (NASDAQ:BTDR) reported Q2 earnings of $0.04 per share, beating the analyst estimate of $(0.02) by 300%. However, sales of $99.23M missed the $102.98M estimate by 3.64%.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:43 pm

AAPL

AXP

BRK

CVX

KO

OXY

SPY

Berkshire Hathaway Inc. (NYSE:BRK) has seen a 19.3% increase in its stock price year-to-date in 2024, outperforming the SPDR S&P 500 ETF Trust (NYSE:SPY), which is up 12.1%. This marks the best performance for Berkshire since 2021. The company recently sold a portion of its Apple Inc. (NASDAQ:AAPL) holdings. Berkshire's top holdings include Apple, American Express (NYSE:AXP), Coca-Cola (NYSE:KO), Chevron (NYSE:CVX), and Occidental Petroleum (NYSE:OXY).

Portfolio Pulse from Chris Katje

August 12, 2024 | 3:39 pm

CVX

DRLL

XLE

Chevron Corporation (NYSE:CVX) has started oil and natural gas production from its Anchor project in the deepwater U.S. Gulf of Mexico. The project features high-pressure technology and is expected to produce significant amounts of oil and gas. Chevron's facilities in the region are projected to produce a combined 300,000 net barrels of oil equivalent per day by 2026. Investors can gain exposure to Chevron via EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL) and SPDR Select Sector Fund – Energy Select Sector (NYSE:XLE).

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 3:39 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) shares are trading slightly higher at $191.48, marking a 4.4% gain over the past week. Investors are anticipating the company's third-quarter earnings report, expected to show EPS of $2.02 on revenue of $6.673 billion. Key areas of growth include AI, IoT, electric vehicles, and clean energy. The company previously reported strong second-quarter results and significant cash returns to shareholders.

Portfolio Pulse from Henry Khederian

August 12, 2024 | 3:34 pm

TPL

Texas Pacific Land (NYSE:TPL) has significantly outperformed the market over the past 15 years, delivering an average annual return of 43.53%. A $1000 investment in TPL 15 years ago would be worth $230,665.12 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 3:30 pm