Streetbeat News

Revenues

KVUE

Kenvue Inc. (NYSE: KVUE) reported strong Q2 2024 financial results, with sales of $4 billion, beating expectations. The company's Essential Health segment saw a 4.9% increase in sales, while other segments experienced declines. Kenvue reaffirmed its annual guidance and expects full-year adjusted EPS of $1.10-$1.20. The stock rose 13.80% following the announcement.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 2:30 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has significantly outperformed the market over the past 15 years, delivering an average annual return of 25.41%. A $1000 investment in CMG 15 years ago would be worth $29,457.62 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:30 pm

GD

General Dynamics (NYSE:GD) has outperformed the market over the past 20 years with an average annual return of 9.48%. A $100 investment in GD 20 years ago would be worth $615.67 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:30 pm

GFS

GlobalFoundries Inc (NASDAQ:GFS) reported a fiscal Q2 2024 revenue decline of 12% year-on-year to $1.63 billion, beating analyst estimates. Adjusted EPS of 38 cents also surpassed expectations. Despite declines in smartphone and industrial IoT revenue, the company generated strong operating cash flow and holds $4.1 billion in cash. GFS expects Q3 revenue between $1.70 billion and $1.75 billion. The stock has lost 25% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 2:29 pm

GOOGL

MGNI

NFLX

TTD

Netflix is lowering its ad prices to between $20 and $30 CPM, making it more competitive in the streaming ad market. This move comes as Netflix partners with adtech firms like The Trade Desk, Google's Display & Video 360, and Magnite to expand its programmatic advertising capabilities.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:24 pm

ELEV

JMIA

LUMN

RGC

TDUP

VBIV

U.S. stocks traded higher with the Dow Jones index gaining over 300 points. The trade deficit in the U.S. narrowed to $73.1 billion in June. VBI Vaccines, Regencell Bioscience, and Lumen Technologies saw significant stock price increases, while Elevation Oncology, Jumia Technologies, and ThredUp experienced notable declines.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 2:22 pm

H

Hyatt Hotels Corporation (NYSE:H) reported mixed Q2 2024 results with record fee revenue and exceeded earnings estimates. Sales were slightly below expectations, but the company saw significant growth in RevPAR, net rooms, and its loyalty program. Adjusted EBITDA and EPS beat analyst expectations. Hyatt repurchased shares and declared a dividend. The company provided a positive outlook for 2024.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 2:12 pm

IONQ

IonQ has secured a $5.7 million contract with ARLIS to design a multi-node blind quantum computing system. This project extends IonQ's work with the federal government on quantum initiatives and includes future phases for construction, delivery, and maintenance. ARLIS will also research the cybersecurity of multi-party quantum computation.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:01 pm

CC

Analysts' ratings for Chemours (NYSE:CC) over the last quarter vary from bullish to bearish. The average 12-month price target has decreased by 13.71% to $26.75. Key analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Chemours faces challenges with a -6.39% revenue decline but shows strong profitability with a net margin of 4.55% and an ROE of 9.49%. However, its debt-to-equity ratio of 5.86 indicates increased financial risk.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:00 pm

VYX

NCR Voyix Corporation (NYSE:VYX) shares are trading higher following a deal with Veritas Capital to sell its cloud-based digital banking business for $2.45 billion in cash, with potential additional consideration of up to $100 million. The transaction is part of NCR Voyix's strategy to streamline operations and focus on core software and services for restaurants and retailers. The company plans to use the proceeds to reduce debt and invest in its core business areas. Despite the positive news, NCR Voyix reported disappointing Q2 earnings and reduced its FY24 revenue guidance.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 2:00 pm