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Revenues

CRM

Salesforce (NYSE:CRM) has significantly outperformed the market over the past 20 years, delivering an average annual return of 24.9%. A $1000 investment in CRM 20 years ago would be worth $80,846.21 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 2:00 pm

SPY

Michigan Consumer Expectations for July came in at 68.8, higher than the estimated 67.2 but slightly lower than the prior 69.6.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:00 pm

SPY

The Michigan Consumer Sentiment Index for July came in at 66.4, slightly above the estimated 66.0 but below the prior month's 68.2.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:00 pm

DJIA

IAI

Goldman Sachs warns that the next U.S. administration will have limited options to significantly increase domestic oil supply due to low strategic petroleum reserves and potential regulatory easing. Oil prices rose following strong U.S. economic data, with Brent crude trading around $82 per barrel. Goldman Sachs forecasts Brent prices to range from $75 to $90 in 2025, but tariffs could lower prices significantly. GS shares are up 0.37% premarket.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 1:58 pm

NWL

Newell Brands Inc. (NASDAQ:NWL) shares surged due to strong Q2 earnings and an upgraded FY24 outlook, despite a revenue dip. The company reported adjusted EPS of 36 cents, beating the consensus of 21 cents. However, net sales of $2.03 billion missed the street view of $2.046 billion. The company raised its FY24 outlook, projecting adjusted EPS of $0.60-$0.65, up from $0.52-$0.62.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 1:58 pm

CNC

Centene Corporation (NYSE:CNC) reported strong Q2 results with sales of $39.84 billion, beating expectations. Despite a fall in Medicaid enrollment, premium and service revenues rose by 3%. The company raised its annual revenue guidance and reaffirmed its EPS guidance. Centene's stock rose 4.39% following the announcement.

Portfolio Pulse from Vandana Singh

July 26, 2024 | 1:45 pm

BIG

CONN

Big Lots Inc (NYSE:BIG) is seeking a new loan backed by assets like company leases after facing years of declining same-store sales and a 10.2% drop in net sales for the quarter ending May 4. The company is returning to extreme bargains and closeout sales to combat challenges. Conn’s Inc. (NASDAQ:CONN) recently filed for bankruptcy, highlighting broader retail sector difficulties.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 1:43 pm

DECK

Deckers Outdoor Corporation (NYSE:DECK) shares are trading higher due to better-than-expected Q1 results. The company reported revenues of $825 million, surpassing estimates of $807.94 million. Analysts from Telsey Advisory Group and Baird maintain Outperform ratings with price targets of $1,100 and $1,075, respectively. DECK's gross margin improved to 56.9%, and operating income nearly doubled to $132.8 million. The company also raised its full-year 2025 earnings guidance and repurchased 177,000 shares.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 1:37 pm

NVDA

SK Hynix, a key supplier to Nvidia, announced a $6.8 billion investment in a new semiconductor manufacturing plant in South Korea. This move is part of a larger $120 trillion won investment plan to build four fabs in the Yongin Semiconductor Cluster. The investment aims to bolster SK Hynix's production capabilities, driven by high demand for AI chips.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 1:30 pm

ARKK

GDX

IWM

JETS

SOXX

TAN

TLT

VNQ

XLC

XLK

The latest PCE report showed mixed results: the headline index fell to 2.5%, the lowest since February 2021, while the core component remained steady at 2.6%. Personal income and spending rose less than expected. Despite this, U.S. equity futures maintained gains, and several ETFs showed notable pre-market increases.

Portfolio Pulse from Piero Cingari

July 26, 2024 | 1:29 pm