Streetbeat News

Revenues

TRGP

Targa Resources (NYSE:TRGP) has significantly outperformed the market over the past 5 years, delivering an average annual return of 27.74%. A $1000 investment in TRGP 5 years ago would now be worth $3,459.45. The company's current market capitalization is $29.32 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 7:00 pm

IWM

Small-cap stocks have experienced their strongest three-week rally since August 2022, driven by investor optimism towards interest rate-sensitive industries and expectations of Federal Reserve rate cuts. The iShares Russell 2000 ETF (NYSE:IWM) saw significant inflows in July, reflecting confidence in a solid economic backdrop.

Portfolio Pulse from Piero Cingari

July 26, 2024 | 6:55 pm

GOOG

GOOGL

META

Needham analyst Laura Martin reiterated an Underperform rating for Meta Platforms Inc (NASDAQ:META) and compared the valuations and monetization of short-form video platforms TikTok, Instagram Reels, and YouTube Shorts. TikTok excels in revenue generation and engagement, Reels has the most monthly users, and Shorts has high user engagement. Reels is the most successful at driving sales, followed by Shorts and TikTok. Ad buyers appreciate TikTok's young demographics and interactive features but are wary of a potential U.S. government ban. Reels is praised for its wide demographic base and precise targeting, while Shorts benefits from integration with the YouTube ecosystem.

Portfolio Pulse from Hayden Buckfire

July 26, 2024 | 6:42 pm

SKX

Wedbush analyst Tom Nikic reiterated an Outperform rating on Skechers U.S.A., Inc. (NYSE:SKX), raising the price forecast to $79 from $76. Despite missing earnings estimates, the company showed strong wholesale and European growth, leading to raised FY sales/EPS guidance. However, U.S. DTC and China slowed significantly.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 6:35 pm

AR

Antero Resources (NYSE:AR) has significantly outperformed the market over the past 5 years, delivering an average annual return of 45.58%. A $100 investment in AR stock 5 years ago would now be worth $734.90. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 6:30 pm

DELL

Dell Technologies (NYSE:DELL) has significantly outperformed the market over the past 5 years, with an annualized return of 31.34%. A $1000 investment in DELL 5 years ago would be worth $3,996.66 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 6:30 pm

META

SPOT

UMGNF

Universal Music Group (UMGNF) shares dropped 23% after disappointing Q2 results, with significant declines in streaming and subscription revenue growth. The company faced challenges with social media partnerships and licensing disputes, but saw strong growth in merchandising and total revenue.

Portfolio Pulse from Franca Quarneti

July 26, 2024 | 6:30 pm

SPY

U.S. Treasury Secretary Janet Yellen announced that the G7 is likely to agree on $50 billion loan terms for Ukraine by October. The U.S. Treasury requires assurance that frozen Russian assets will cover the loan, not U.S. taxpayers. The EU is working on alternatives to meet sanctions and U.S. needs.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:25 pm

AMC

DIS

IMAX

Disney, AMC, and IMAX stocks surged after 'Deadpool & Wolverine' broke box office records with $38.5 million in Thursday previews, the highest ever for an R-rated film. The film's success is expected to continue over the weekend, boosting the prospects of Disney, AMC Entertainment, and IMAX.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 6:05 pm

HAS

Goldman Sachs analyst Stephen Laszczyk reiterated a Neutral rating on Hasbro Inc (NASDAQ:HAS) and raised the price target from $62 to $65. Hasbro's 2Q24 results beat expectations in revenue, adjusted EBITDA, and adjusted EPS, driven by strong performance in Wizards of the Coast. The analyst is optimistic about demand and margin trends in Hasbro's Consumer Products segment but cautious about the trajectory of WOTC. The analyst increased estimates for revenues, EPS, and free cash flow, and sees potential for $750 million in cost savings by YE2025.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 6:04 pm