Streetbeat News

Revenues

DXCM

DexCom Inc (NASDAQ:DXCM) reported strong Q2 sales and EPS but lowered its 2024 sales guidance, leading to a stock decline. Despite short-term challenges, analysts remain optimistic about long-term growth prospects due to market expansion and product portfolio.

Portfolio Pulse from Vandana Singh

July 26, 2024 | 3:59 pm

DIS

WBD

Disney and Warner Bros. Discovery have launched a new streaming bundle in the U.S., combining Disney+, Hulu, and Max, to reduce churn rates and increase engagement. The bundle offers significant savings compared to purchasing the services separately. This move is crucial for Warner Bros. Discovery, which recently lost its NBA broadcasting rights.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 3:55 pm

AMWD

CCS

DFH

DHI

GRBK

IBP

ITB

JELD

MHK

MHO

TPH

Homebuilder stocks surged to record highs driven by expectations of interest rate cuts in September, despite struggling housing sales. The iShares U.S. Home Construction ETF (ITB) jumped 3.8%, and Bank of America upgraded Mohawk Industries (MHK) following strong Q2 earnings.

Portfolio Pulse from Piero Cingari

July 26, 2024 | 3:51 pm

AMD

AVGO

INTC

NVDA

QCOM

QQQ

VOO

AI chip stocks including Nvidia, AMD, Broadcom, and Qualcomm are rebounding after a selloff due to geopolitical tensions and poor Big Tech earnings. Nvidia supplier SK Hynix reported record profits, and China’s subsidies for new energy vehicles and consumer electronics are providing additional support. Analyst Christopher Rolland maintained a Positive rating on AMD with a $200 price target, citing potential gains in server CPU revenue and enterprise adoption. Investors can also gain exposure through ETFs like Vanguard S&P 500 ETF and Invesco QQQ Trust.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 3:49 pm

DIS

Marvel's 'Deadpool & Wolverine' opened with $38.5 million in the U.S. and Canada on Thursday, indicating strong initial performance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 3:45 pm

AMZN

SYM

VDC

WMT

XLP

Walmart Inc (NYSE:WMT) is considering a $200 million investment in self-driving forklifts from Fox Robotics to enhance warehouse automation. This move is part of Walmart's broader strategy to compete with Amazon.com Inc (NASDAQ:AMZN) and includes exclusive deals with robotics vendors like Fox Robotics and Symbotic Inc (NASDAQ:SYM). Analysts estimate that Walmart's automation efforts could add $20 billion to its profit by fiscal 2029. Walmart's stock has gained over 29% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 3:43 pm

EA

EA Sports has invested approximately $12.96 million to include 134 FBS teams and their players in the new NCAA 25 video game. This includes payments to teams and players, as well as free copies of the game. The game has seen significant success, with over 2.2 million copies sold on the release date.

Portfolio Pulse from Cooper Schoenberg

July 26, 2024 | 3:43 pm

BX

KKR

PGRU

TPG

Investment giants TPG Inc., KKR & Co. Inc., and Blackstone Inc. are reportedly interested in acquiring Southeast Asia's top gummy manufacturer, Yupi Indo Jelly Gum, valued at approximately $500 million. The deal is in its early stages, and Yupi Indo is consulting with an international bank to explore its options. The interest in Indonesia's consumer-goods sector is driven by the country's growing middle class, increasing incomes, and the rise of online shopping.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 3:40 pm

AAPL

AMZN

BTC

GOOG

ITA

IWM

LHX

LMT

META

MSFT

NVDA

QQQ

RTX

SPY

TSLA

The article discusses the positive outlook for defense stocks regardless of the election outcome, with RTX, LMT, and LHX showing strong performance. It also highlights the mixed performance of tech stocks and the potential impact of Trump's support for Bitcoin. Additionally, it provides insights into personal income and spending data, and the importance of maintaining a balanced investment strategy.

Portfolio Pulse from The Arora Report

July 26, 2024 | 3:30 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has significantly outperformed the market over the past 20 years, delivering an average annual return of 17.23%. A $100 investment in TMO 20 years ago would be worth $2,362.14 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 3:30 pm