Streetbeat News

Revenues

SSNC

SS&C Technologies Holdings (NASDAQ:SSNC) has outperformed the market over the past 10 years with an average annual return of 13.26%, resulting in a $100 investment growing to $349.31. The company currently has a market capitalization of $17.91 billion.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 4:00 pm

BOH

Four financial analysts have provided diverse evaluations of Bank of Hawaii (NYSE: BOH) over the past three months, with ratings ranging from indifferent to somewhat bearish. The average 12-month price target has increased to $63.5, reflecting a 9.48% rise from the previous target. Analysts have raised their price targets, with the highest being $70.00 and the lowest $54.00. Despite a decline in revenue growth, Bank of Hawaii maintains strong net margins and return on equity.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 4:00 pm

NOV

In the past three months, three analysts have provided ratings for NOV (NYSE:NOV), ranging from bullish to bearish. The average 12-month price target has decreased by 5.7% to $22.0. Analysts have recently adjusted their ratings and price targets, reflecting evolving market conditions and company performance. NOV has shown strong revenue growth but faces challenges in profitability and financial returns.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 4:00 pm

AGI

Alamos Gold (NYSE:AGI) has outperformed the market over the past 5 years, delivering an average annual return of 18.32%. A $100 investment in AGI 5 years ago would be worth $231.22 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 3:31 pm

KEX

Kirby (NYSE:KEX) has outperformed the market over the past 20 years with an average annual return of 9.72%, surpassing the market by 1.33% annually. A $1000 investment in KEX 20 years ago would be worth $6,280.08 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 3:30 pm

LIPO

Lipella Pharmaceuticals Inc. (NASDAQ:LIPO) shares surged 124% after the company announced the enrollment of the first patients in its Phase 2a clinical trial for LP-310, a treatment for Oral Lichen Planus. The trial is a multi-center, dose-ranging study, and the company is actively screening additional subjects.

Portfolio Pulse from Erica Kollmann

July 29, 2024 | 3:28 pm

ACB

TLRY

German cannabis producer Demecan has been granted the right to grow unlimited amounts of medical cannabis under new German cannabis laws. Canadian companies Tilray Brands (NASDAQ:TLRY) and Aurora Cannabis (NASDAQ:ACB) have also obtained new cultivation licenses in Germany. The new legislation is expected to drive significant revenue growth and innovation in the cannabis sector.

Portfolio Pulse from Nina Zdinjak

July 29, 2024 | 3:28 pm

BHP

CRIT

HAP

BHP Group Ltd's Escondida mine in Chile faces a potential strike as the union urges its 2,400 members to reject the company's final contract offer. A strike could severely impact copper production and global prices. The union is well-prepared with a significant strike logistics fund and credit agreements. BHP shares are trading lower by 1.14%.

Portfolio Pulse from Shivani Kumaresan

July 29, 2024 | 3:26 pm

AMC

DIS

AMC Entertainment Holdings Inc (NYSE:AMC) shares are rising after the company reported record-breaking weekend attendance and admissions revenue for 2024. The success was driven by the opening weekend of Walt Disney Co (NYSE:DIS) and Marvel's 'Deadpool & Wolverine,' which set new records for an R-rated film. AMC also saw its highest food and beverage revenue since 2019 and strong merchandise sales.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 3:24 pm

USO

Oil prices remain stagnant despite rising Middle East tensions, with WTI light crude trading just under $78 a barrel. Rising geopolitical tensions involving Israel, Hezbollah, and potential Turkish intervention have not significantly impacted oil prices. Additionally, China's crude oil imports have declined, indicating a struggling recovery. Bank of America suggests a potential bearish breakout in oil prices, with a possible decline to $63-$60 per barrel by the end of 2024. The United States Oil Fund (USO) has risen 13% year to date but is down over 4% in July.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 3:11 pm