Streetbeat News

Revenues

ALL

DUK

GNRC

LOW

PGR

TRV

Tropical Storm Debby is moving up the East Coast, threatening major cities with catastrophic flooding. Insurance companies like Allstate, Travelers, and Progressive may see increased claims, while Generac could see higher demand for generators. Dominion Energy and Duke Energy are likely to be impacted by power outages, and Home Depot and Lowe's may experience increased sales for repair materials.

Portfolio Pulse from Hayden Buckfire

August 08, 2024 | 3:44 pm

AAPL

ARM

AVGO

CDNS

DDOG

META

MRVL

MSFT

NVDA

QQQ

SMH

Tech stocks rallied on Thursday, driven by a sharper-than-expected decline in weekly jobless claims, easing recession fears. The Nasdaq 100 index, tracked by Invesco QQQ Trust (QQQ), surged 2.4%, while the VanEck Semiconductor ETF (SMH) rose 4.3%. Leading gainers included ON Semiconductor (ON), Arm Holdings (ARM), Datadog (DDOG), Marvell Technology (MRVL), and Cadence Design Systems (CDNS). Major contributors to the tech index surge were NVIDIA (NVDA), Broadcom (AVGO), Microsoft (MSFT), Meta Platforms (META), and Apple (AAPL).

Portfolio Pulse from Piero Cingari

August 08, 2024 | 3:38 pm

QSR

Restaurant Brands International Inc. (NYSE:QSR) shares are trading higher after reporting Q2 results. The company missed EPS estimates but beat revenue expectations. Key metrics showed growth, and the company announced future investment plans.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2024 | 3:35 pm

BARK

BARK has reaffirmed its FY 2025 guidance, projecting revenue between $490M and $500M, compared to the previous estimate of $494.9M. The company also expects adjusted EBITDA to range from $1M to $5M. For Q2 2025, BARK anticipates revenue between $123M and $126M, with adjusted EBITDA between $1M and $3M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:32 pm

AVAH

Aveanna Healthcare shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:31 pm

LII

Lennox International (NYSE:LII) has outperformed the market over the past 5 years, delivering an average annual return of 16.89%. A $100 investment in LII 5 years ago would be worth $219.46 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 3:30 pm

REGN

Regeneron Pharmaceuticals (NASDAQ:REGN) has significantly outperformed the market over the past 20 years, achieving an average annual return of 28.47%. A $100 investment in REGN 20 years ago would be worth $14,648.53 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 3:30 pm

CYBR

CyberArk Software Ltd (NASDAQ:CYBR) reported a strong fiscal second-quarter 2024 with a 28% revenue increase to $224.7 million, beating analyst estimates. The company also posted an adjusted EPS of 54 cents, surpassing expectations. Key performance indicators showed significant growth in subscription revenues and annual recurring revenue. The company raised its fiscal 2024 outlook, projecting higher revenues and adjusted EPS. CYBR stock gained 7.5% following the report.

Portfolio Pulse from Anusuya Lahiri

August 08, 2024 | 3:27 pm

GTN

Gray Television shares are trading lower after the company reported worse-than-expected Q2 financial results and revised its FY24 core advertising revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:23 pm

SPY

Global stock markets, including Japan's Nikkei 225 and the US S&P 500, have experienced significant volatility but showed resilience with notable rebounds. The S&P 500 has increased by 11% year-to-date despite recent fluctuations.

Portfolio Pulse from Zaheer Anwari

August 08, 2024 | 3:22 pm