Streetbeat News

Revenues

ACN

Accenture (NYSE:ACN) has significantly outperformed the market over the past 15 years, delivering an average annual return of 16.18%. A $1000 investment in ACN 15 years ago would be worth $9,404.31 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 7:00 pm

TMHC

Taylor Morrison Home (NYSE:TMHC) has outperformed the market over the past 10 years with an average annual return of 13.42%, resulting in a $1000 investment growing to $3,488.97. The company currently has a market capitalization of $6.92 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 7:00 pm

VRSK

Verisk Analytics (NASDAQ:VRSK) has significantly outperformed the market over the past 10 years, delivering an average annual return of 16.21%. A $1000 investment in VRSK 10 years ago would be worth $4,457.87 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 6:30 pm

MTH

Meritage Homes (NYSE:MTH) has outperformed the market over the past 20 years with an average annual return of 9.76%, surpassing the market by 1.37% annually. A $1000 investment in MTH 20 years ago would be worth $6,471.81 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 6:30 pm

UPS

Goldman Sachs analyst Jordan Alliger reiterated a Buy rating on United Parcel Service Inc (NYSE:UPS) with a price target of $176. UPS reported Q2 2024 EPS of $1.79, below estimates. Domestic margin was impacted by revenue per piece mix. Despite positive YOY domestic volumes, full-year guidance was lowered due to sluggish freight demand. The analyst expects profit inflection in 2H to support shares.

Portfolio Pulse from Shivani Kumaresan

July 23, 2024 | 6:29 pm

GOOG

META

NVDA

SMCI

TSLA

Mark Zuckerberg, CEO of Meta Platforms Inc (NASDAQ:META), is shifting focus from the metaverse to artificial intelligence with the launch of Meta's latest Llama model. This move positions Meta against other tech giants like Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), OpenAI, and Elon Musk's xAI. The Llama model, integrated into Meta's applications, aims to solve complex problems and generate content. Despite past layoffs, Meta is investing billions in AI development.

Portfolio Pulse from Aaron Bry

July 23, 2024 | 6:29 pm

CMCSA

DIS

Disney (DIS) shares are sliding, potentially in sympathy with Comcast (CMCSA), which reported declines in Studio and Theme Parks revenue. Comcast's stock fell over 4% after mixed Q2 results, with significant drops in Studios and Theme Parks revenue. Disney is set to report its Q3 results on Aug. 7, with analysts expecting earnings of $1.18 per share and revenue of $23.024 billion.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 6:20 pm

CCK

Crown Holdings, Inc. (NYSE:CCK) shares surged after reporting better-than-expected Q2 adjusted EPS and raising FY24 EPS guidance. Despite a decline in net sales, the company showed strong performance in its global beverage businesses and improved cash flow. RBC Capital Markets maintains an Outperform rating with a $96 price target.

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 6:18 pm

AMC

DIS

AMC Entertainment Holdings Inc (NYSE:AMC) has reached an agreement with creditors to restructure its debt, extending maturities from 2026 to 2029. CEO Adam Aron highlighted the importance of this move for the company's future, especially with a strong lineup of upcoming blockbuster films. The refinancing aims to position AMC favorably for a box office recovery, with expected strong year-over-year growth in the coming years.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 6:13 pm

LOVFF

Cannara Biotech Inc. reported a 6% YoY drop in Q3 gross profit but a 22% revenue increase, driven by enhanced sales force and infrastructure. The company saw net revenues of CA$19.5 million and a net income of CA$2 million. Operational highlights include expansion in Manitoba and the East Coast recreational market.

Portfolio Pulse from Jelena Martinovic

July 23, 2024 | 6:06 pm