Streetbeat News

Revenues

VGK

The Eurozone's Gross Domestic Product (GDP) for Q2 grew by 0.6% year-over-year, matching the estimated growth and improving from the prior quarter's 0.4% growth.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 9:15 am

VGK

The Eurozone's Gross Domestic Product (GDP) for Q2 grew by 0.3% quarter-over-quarter, surpassing the estimated 0.2% and matching the prior quarter's growth rate.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 9:14 am

PLOW

Douglas Dynamics maintains its 2024 guidance ranges for net sales at $600M - $640M and adjusted EPS at $1.20 - $1.70, despite softer preseason orders. The company cites strong performance in its Solutions segment and successful cost savings as key factors.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 9:12 am

F

TSLA

Morgan Stanley has replaced Ford with Tesla as its top pick in the U.S. auto industry, citing Tesla's potential in energy and service segments. The brokerage has set a price target of $310 for Tesla and $16 for Ford. Tesla's cost-cutting measures, increased service revenue, and potential in the energy sector are highlighted, although concerns remain about the company's full self-driving technology and EV demand.

Portfolio Pulse from Anan Ashraf

July 30, 2024 | 8:37 am

FMS

Fresenius Medical Care has confirmed its outlook for fiscal 2024, expecting revenue to grow by a low- to mid-single digit percent rate year-over-year, and operating income to grow by a mid- to high-teens percent rate.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:27 am

EWG

Germany's Gross Domestic Product (GDP) for Q2 has decreased by 0.1% quarter-over-quarter, missing the estimated growth of 0.1% and down from the previous quarter's growth of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:01 am

EWG

Germany's Gross Domestic Product (GDP) for Q2 showed a preliminary year-over-year decline of 0.1%, missing the estimated 0.0% and improving slightly from the prior -0.2%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:01 am

BHP

FLMMF

LUNMF

BHP and Lundin Mining are set to acquire Filo Corp for C$4.5 billion, offering C$33 per share in cash and Lundin Mining shares or a mix of both. The acquisition aims to develop Filo del Sol to its full potential, backed by two leading copper miners. Filo also announces a C$115 million private placement to BHP and Lundin Mining.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:28 am

COP

CVX

EOG

IYE

MRO

USO

VDE

XLE

XOM

Former President Donald Trump accused OPEC of manipulating oil prices to favor Vice President Kamala Harris, warning that her potential presidency could be detrimental to the U.S. Oil stocks, including Chevron, Marathon Oil, Exxon Mobil, ConocoPhillips, and EOG Resources, have declined following Harris's nomination. ETFs tied to the oil sector, such as USO, XLE, VDE, and IYE, are also under pressure. Trump's comments come amid speculation that Harris might adopt stricter climate policies if elected.

Portfolio Pulse from Kaustubh Bagalkote

July 30, 2024 | 7:25 am

CHRW

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has sold its European Surface Transportation business to sennder Technologies GmbH. The financial terms of the deal were not disclosed. This move aligns with C.H. Robinson's strategy to focus on profitable growth in its core modes: North American truckload and less-than-truckload, and global ocean and air.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:06 am