Streetbeat News

Revenues

DIS

Disney shares are trading higher following a strong box office opening from Deadpool and Wolverine.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:40 pm

RVTY

Revvity Inc. (NYSE:RVTY) reported strong Q2 performance, beating both sales and EPS consensus estimates. The company raised its annual profit forecast, reflecting positive changes in foreign currency exchange rates and organic revenue growth.

Portfolio Pulse from Vandana Singh

July 29, 2024 | 2:38 pm

AAPL

DIS

NFLX

Apple Inc. (NASDAQ:AAPL) is reportedly planning to launch an ad-supported plan for its AppleTV+ streaming service, following the success of similar plans by Netflix Inc. (NASDAQ:NFLX) and Walt Disney Company (NYSE:DIS). This move aims to increase subscribers and revenue for AppleTV+, which has already invested heavily in exclusive content and sports rights.

Portfolio Pulse from Chris Katje

July 29, 2024 | 2:37 pm

TRV

Travelers Companies (NYSE:TRV) has outperformed the market over the past 20 years with an average annual return of 9.52%, surpassing the market by 1.11% annually. A $1000 investment in TRV 20 years ago would be worth $5,867.19 today.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 2:31 pm

MCK

McKesson (NYSE:MCK) has significantly outperformed the market over the past 20 years, delivering an average annual return of 16.05%. A $100 investment in McKesson 20 years ago would be worth $1,915.54 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 2:31 pm

SPY

The Dallas Fed Manufacturing Business Index for July dropped to -17.5 from -15.1 in the previous month, indicating a further contraction in manufacturing activity.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:31 pm

ARLP

Alliance Resource shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its FY24 revenue guidance for its coal operations.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:29 pm

HOPE

Hope Bancorp anticipates a 10% decline in its Net Interest Income (NII) for Q4 compared to Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:11 pm

QQQ

SPY

Prominent economists and analysts highlight the extraordinary performance of the U.S. economy, with a surprising 2.8% GDP growth in Q2 2024. Consumer spending reached record highs, driven by real income gains and a tight labor market. The S&P 500 and tech stocks have seen significant rallies, with SPY up 53% and QQQ up 78% since October 2022. Despite high interest rates, inflation has moderated, nearing the Fed's 2% target.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 2:03 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) announced that its subsidiary Aphria RX GmbH has received a trading license in Germany, allowing it to sell and distribute medical marijuana to pharmacies, hospitals, and medical wholesalers. This follows the recent acquisition of a cannabis cultivation license under Germany's new Cannabis Act, positioning Tilray to capitalize on the growing German market.

Portfolio Pulse from Jelena Martinovic

July 29, 2024 | 2:01 pm