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LUMN

PLTR

Jim Cramer praised Palantir Technologies Inc (PLTR) for proving the AI story is real, highlighting its strong Q2 performance with a 27% revenue increase and significant growth in customer count. Lumen Technologies Inc (LUMN) also secured $5 billion in new AI-related business. Cramer criticized journalists for downplaying AI's impact and emphasized that recent earnings reports show continued investment in AI development.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 5:37 pm

WELL

Welltower (NYSE: WELL) has outperformed the market over the past 15 years with an average annual return of 15.75%, resulting in a $100 investment growing to $919.93. The company currently has a market capitalization of $70.11 billion.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 5:30 pm

WSO

Watsco (NYSE:WSO) has significantly outperformed the market over the past 20 years, delivering an average annual return of 15.34%. A $100 investment in WSO 20 years ago would be worth $1,718.99 today. The company currently has a market capitalization of $18.59 billion.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 5:30 pm

AWAY

IBUY

LYFT

OND

RVER

UBER

XTN

Lyft (NASDAQ:LYFT) is expected to miss earnings and gross bookings estimates for Q2, facing challenges from consumer trends and market share. Analysts from KeyBanc and RBC Capital Markets forecast lower-than-expected EBITDA and gross bookings. Uber (NYSE:UBER) reported strong Q2 results, beating revenue and EPS expectations. ETFs tracking Lyft showed mixed performance.

Portfolio Pulse from Michael Juliano

August 06, 2024 | 5:14 pm

DIS

Disney shares are trading higher following a report suggesting the company raised streaming prices by up to 25%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:07 pm

VERI

Veritone, Inc. (NASDAQ: VERI) has expanded its Authorization to Operate (ATO) with the Executive Office of the U.S. Attorneys (EOUSA), a subagency of the Department of Justice (DOJ). The ATO now includes Veritone's Illuminate, Track, Redact, and Automate Studio solutions, in addition to its current aiWARE for Relativity integration. This expansion follows a $15 million Blanket Purchase Agreement (BPA) with the DOJ issued last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:04 pm

ZTS

Zoetis Inc (NYSE:ZTS) reported strong Q2 earnings, with revenue of $2.36 billion, up 8% YoY, and raised its 2024 guidance. The company's companion animal operations, particularly monoclonal antibody products for osteoarthritis pain, drove growth. Adjusted net income was $711 million, or $1.56 per share, beating consensus estimates. Zoetis raised its 2024 sales guidance to $9.1-$9.25 billion and adjusted EPS to $5.78-$5.88.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 5:00 pm

DIS

Disney has announced a price increase of up to 25% for its streaming services and the addition of new channels. This information was disclosed in an emailed statement, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:00 pm

AZO

AutoZone (NYSE:AZO) has significantly outperformed the market over the past 10 years, delivering an average annual return of 19.74%. A $1000 investment in AZO 10 years ago would be worth $6,046.60 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 5:00 pm

ETN

Eaton Corp (NYSE:ETN) has significantly outperformed the market over the past 5 years, delivering an average annual return of 29.05%. A $100 investment in ETN 5 years ago would now be worth $353.02. The company's current market capitalization is $110.48 billion.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 5:00 pm