Streetbeat News

Revenues

HGV

Hilton Grand Vacations (NYSE:HGV) has seen a shift in analyst sentiment over the past three months, with recent ratings showing a mix of bullish and somewhat bullish stances. Analysts have lowered their average 12-month price target by 16.12%, with current targets ranging from $35.00 to $71.00. Despite impressive revenue growth, the company faces challenges in profitability and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 8:01 pm

AMZN

Amazon is partnering with TikTok and Pinterest to integrate shoppable ads, allowing users to buy products directly from Amazon without leaving the apps. This move is expected to add $1 billion in gross merchandise value and improve advertising ROI by 20%. BofA analyst Justin Post maintains a Buy rating on Amazon with a price target of $210, indicating a 26.7% upside.

Portfolio Pulse from Surbhi Jain

August 09, 2024 | 7:59 pm

FXY

The USD/JPY exchange rate experienced significant volatility this week, driven by economic events and central bank actions. Analysts are debating the future of the dollar-yen carry trade, with some suggesting further yen strength and others seeing stabilization. The Invesco CurrencyShares Japanese Yen Trust (NYSE: FXY) remained largely unchanged despite the turbulence.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 7:40 pm

SPY

Wall Street experienced significant volatility this week due to mixed economic data and speculation about Federal Reserve rate cuts. The SPDR S&P 500 ETF Trust (SPY) saw a strong recovery after initial panic selling, driven by better-than-expected service sector data and dovish statements from the Bank of Japan. Mortgage rates dropped to their lowest levels in over a year, potentially boosting home prices.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 7:38 pm

GD

LMT

NOC

RTX

The U.S. has released $3.5 billion to Israel for the purchase of American weapons and military equipment. This move is expected to benefit U.S. defense contractors.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:33 pm

ADI

Analog Devices (NASDAQ:ADI) has outperformed the market over the past 15 years, delivering an average annual return of 14.81%. A $100 investment in ADI 15 years ago would be worth $775.08 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 7:30 pm

VEEV

Veeva Systems (NYSE:VEEV) has significantly outperformed the market over the past 10 years, delivering an average annual return of 23.36%. A $100 investment in VEEV 10 years ago would be worth $816.30 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 7:30 pm

DIOD

Diodes shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:29 pm

ELSE

Electro-Sensors (NASDAQ:ELSE) reported Q2 earnings per share (EPS) of $0.00, down from $0.03 year-over-year (YoY). However, sales increased by 3.74% to $2.22 million from $2.14 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:20 pm

CAVA

SG

CAVA Group, Inc. (NYSE:CAVA) shares are moving significantly higher on Friday, trading on higher-than-average volume and trending on social media. Investors are anticipating the company's upcoming second-quarter earnings report on August 22, 2024. Sweetgreen Inc. (NYSE:SG) shares are also trading higher after reporting better-than-expected second-quarter revenue results.

Portfolio Pulse from Vaishali Prayag

August 09, 2024 | 7:07 pm