Streetbeat News

Revenues

SPY

The Dallas Federal Reserve reported that the Personal Consumption Expenditures (PCE) for June decreased to 1.70% from the previous 2.60%.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:06 pm

BKR

USO

U.S. Baker Hughes reported an increase in the oil rig count by 5 to 482, and the total rig count rose to 589 from 586.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:05 pm

QCOM

JPMorgan analyst Samik Chatterjee sees a 34% upside for Qualcomm Inc (NASDAQ:QCOM) shares, which have dropped 13% in the past month. Chatterjee revised the price target to $235 for December 2025, driven by Qualcomm's strategic focus on AI smartphones, AI PCs, and the automotive sector. He expects double-digit revenue growth and a significant increase in PC-related revenue. Despite potential competition, Chatterjee maintains an Overweight rating on Qualcomm.

Portfolio Pulse from Surbhi Jain

July 26, 2024 | 5:04 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) has significantly outperformed the market over the past 15 years, delivering an average annual return of 35.0%. A $1000 investment in SMCI 15 years ago would be worth $90,818.64 today. The company's current market capitalization is $42.23 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 5:00 pm

VLO

Valero Energy (NYSE:VLO) has outperformed the market over the past 10 years with an average annual return of 12.06%, resulting in a $1000 investment growing to $3,168.80. The company currently has a market capitalization of $51.87 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 5:00 pm

ABNB

BUD

CMCSA

DKNG

FLUT

GENI

The 2024 Summer Olympics in Paris could boost the financials and interest in six companies: Comcast Corporation (CMCSA), Airbnb Inc (ABNB), Anheuser-Busch InBev (BUD), Genius Sports (GENI), DraftKings Inc (DKNG), and Flutter Entertainment (FLUT). These companies are leveraging the event through media rights, travel accommodations, sponsorships, sports betting data, and increased betting activity.

Portfolio Pulse from Chris Katje

July 26, 2024 | 4:48 pm

T

AT&T Inc (NYSE:T) reported fiscal Q2 2024 results with operating revenues of $29.8 billion, slightly missing the $29.9 billion analyst estimate. Despite this, the stock rose by 2% over the past five sessions due to positive factors such as adding 997,000 wireless customers, improved postpaid churn rate, increased adjusted EBITDA, and higher free cash flow.

Portfolio Pulse from Henry Khederian

July 26, 2024 | 4:33 pm

BABA

Jefferies released a note indicating that Alibaba's new service fee arrangement for Taobao and Tmall is positive for the company. The note highlights that service fees applied to Taobao, which represents about 50% of total GMV, and higher fees for Tmall merchants with large GMV scales, will benefit Alibaba's revenue.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:32 pm

SPOT

Spotify Technology (NYSE:SPOT) has outperformed the market over the past 5 years, producing an average annual return of 16.11%. A $1000 investment in SPOT 5 years ago would be worth $2,127.95 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 4:30 pm

EXP

Eagle Materials (NYSE:EXP) has significantly outperformed the market over the past 5 years, delivering an average annual return of 22.31%. A $100 investment in EXP 5 years ago would now be worth $282.39. The company's current market capitalization is $7.98 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 4:30 pm