Streetbeat News

Revenues

BIRK

CROX

DECK

ONON

SKX

Footwear stocks are trading higher following strong Q2 results from Skechers and Deckers. Skechers reported record sales and raised guidance, while Deckers saw a 22% revenue increase and 87% earnings growth. Other footwear stocks like On Holding, Birkenstock, and Crocs are also climbing.

Portfolio Pulse from Erica Kollmann

July 26, 2024 | 5:41 pm

CAH

Cardinal Health (NYSE:CAH) has outperformed the market over the past 5 years, delivering an average annual return of 16.28%. A $1000 investment in CAH 5 years ago would be worth $2,154.01 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 5:30 pm

TXT

Textron (NYSE:TXT) has outperformed the market over the past 15 years with an average annual return of 13.32%, surpassing the market by 1.36% annually. A $100 investment in Textron 15 years ago would be worth $689.17 today. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 5:30 pm

General Motors' self-driving unit, Cruise, aims to resume fully autonomous rides by the end of the year and start charging fares by early 2025. The company halted operations in October due to a pedestrian collision and has since replaced top management and improved safety standards. Despite significant losses, GM shares are trading slightly higher.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 5:14 pm

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