Streetbeat News

Revenues

SBUX

Starbucks (NASDAQ:SBUX) has outperformed the market over the past 20 years with an average annual return of 9.79%, resulting in a $1000 investment growing to $6,389.49 today. The key takeaway is the significant impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:31 pm

DPZ

Domino's Pizza (NYSE:DPZ) has significantly outperformed the market over the past 15 years, delivering an average annual return of 30.08%. A $100 investment in DPZ 15 years ago would be worth $5,115.54 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:31 pm

COP

ConocoPhillips (NYSE:COP) has seen a 13.14% increase in its short percent of float, now at 1.55% of all regular shares available for trading. This is lower than the peer group average of 6.44%. It would take traders 4.38 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:30 pm

BIP

TRTN

Container shipping rates have risen significantly as shippers prepare for the peak holiday season. The cost of leasing a 40-foot container from China to the U.S. West Coast has increased notably from June to July. This surge is driven by large retailers managing inventories preemptively, raising concerns about the strength of underlying demand. Triton International Ltd. and Brookfield Infrastructure Partners are directly impacted by these changes.

Portfolio Pulse from Michael Juliano

July 25, 2024 | 6:25 pm

NOW

NVDA

ServiceNow Inc (NYSE:NOW) shares surged after the company beat Q2 earnings estimates. CEO Bill McDermott highlighted the company's strong performance and its exclusive enterprise AI platform, powered by NVIDIA Corp (NASDAQ:NVDA). ServiceNow's revenue grew 22%, and remaining performance obligations increased by 31%. The company's Now Assist business doubled quarter-over-quarter, driven by Gen AI. The partnership with NVIDIA has been crucial in building ServiceNow's AI stack, enhancing productivity and customer satisfaction.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 6:20 pm

MU

QQQ

Micron Technology Inc (NASDAQ:MU) shares are down roughly 1% amid overall market weakness, driven by potential further restrictions on China, comments on the China-Taiwan standoff, and recent tech earnings updates. The semiconductor sector, including Micron, is impacted by potential reductions in AI-related investments. Mixed macroeconomic signals add to the uncertainty.

Portfolio Pulse from Henry Khederian

July 25, 2024 | 6:17 pm

META

Meta's WhatsApp has reached 100 million monthly users in the U.S., with its daily U.S. audience growing by double digits.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:04 pm

BTCUSD

ETHUSD

SOLUSD

Solana (SOL) has seen a 24% monthly gain, outperforming Bitcoin and Ethereum. Analysts predict further price appreciation due to strong total value locked, whale movements, and potential Solana ETFs. Asset manager Franklin Templeton highlighted Solana's major adoption alongside Bitcoin and Ethereum.

Portfolio Pulse from Khyathi Dalal

July 25, 2024 | 6:02 pm

PPBI

Analysts have provided mixed ratings for Pacific Premier Bancorp (NASDAQ:PPBI) over the last three months, with recent evaluations showing 2 somewhat bullish and 2 indifferent ratings. The average 12-month price target remains at $26.0. Key analysts have adjusted their ratings and price targets, reflecting their responses to market dynamics and company performance. Despite a decline in revenue growth, the company maintains a strong net margin and prudent debt management.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:01 pm

SONY

Sony Group Corp. (NYSE:SONY) announced the release of a PlayStation VR2 app on Steam, launching on Aug. 6, 2024. This move is part of PlayStation's strategy to expand its presence in the PC gaming market. The required PlayStation VR2 PC adapter will be available on Aug. 7, 2024, for $59.99.

Portfolio Pulse from Franca Quarneti

July 25, 2024 | 6:00 pm