Streetbeat News

Revenues

PHM

PulteGroup (NYSE:PHM) has significantly outperformed the market over the past 10 years, delivering an average annual return of 21.35%. A $100 investment in PHM 10 years ago would be worth $683.09 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 4:00 pm

IWM

QQQ

SPY

TLT

The upcoming release of the Personal Consumption Expenditure (PCE) price index, the Fed's preferred inflation measure, is anticipated to show a decrease, potentially reinforcing expectations of future Fed rate cuts. The U.S. economy grew at an annualized rate of 2.8% in Q2, exceeding forecasts. Market reactions to previous PCE data have been mixed, with large-cap stocks and bonds falling, while small caps outperformed.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 3:56 pm

DVAL

FTXR

MADE

RPV

VLUE

General Motors (GM) is facing pressure in China, leading to a $210 million loss in the first half of the year. Analysts from Bank of America and Goldman Sachs suggest GM should consider exiting the Chinese market due to structural issues. Despite this, both firms maintain a Buy rating on GM, citing strong performance in other regions and ongoing investments in EVs and AVs. GM's revenue beat estimates for the second quarter. ETFs tracking GM showed mixed performance.

Portfolio Pulse from Michael Juliano

July 25, 2024 | 3:44 pm

NAK

Northern Dynasty Minerals Ltd. (NYSE:NAK) has received the remaining $10 million royalty payment under the second tranche of its royalty agreement. This payment is part of a $12 million tranche, with the royalty investor receiving rights to gold and silver production from the Pebble Project.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 3:35 pm

MPWR

Monolithic Power Systems (NASDAQ:MPWR) has significantly outperformed the market over the past 15 years, delivering an average annual return of 27.04%. A $1000 investment in MPWR 15 years ago would be worth $33,816.27 today. The company's current market capitalization is $39.16 billion.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 3:30 pm

ITT

ITT (NYSE:ITT) has outperformed the market over the past 20 years, delivering an average annual return of 14.85%. A $100 investment in ITT 20 years ago would be worth $1,581.71 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 3:30 pm

AT&T reported solid Q2 earnings with strong wireless postpaid subscriber growth and service revenue increase. Analysts from Oppenheimer, Goldman Sachs, and Scotiabank have maintained positive ratings and raised price targets, highlighting the company's balance between growth and profitability.

Portfolio Pulse from Priya Nigam

July 25, 2024 | 3:29 pm

VERO

Venus Concept has received Health Canada approval for its Venus Bliss Max Body Shaping System, which could enhance its market presence and revenue potential in the Canadian market.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 3:23 pm

BTCUSD

COIN

ETHUSD

The Bitcoin Coinbase Premium Index has turned negative, indicating decreased demand from U.S. investors. This shift coincides with a broader market downturn, with Bitcoin and Ethereum experiencing significant price drops. Despite the volatility, some analysts maintain a long-term bullish outlook on Bitcoin.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 3:15 pm

DOV

Dover Corp (NYSE:DOV) reported strong Q2 FY24 results, with revenue of $2.178 billion, a 4% Y/Y increase, and adjusted EPS of $2.36, beating consensus estimates. The company raised its full-year adjusted EPS and revenue growth forecasts. DOV shares rose 5% following the announcement.

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 3:15 pm