Streetbeat News

Revenues

LVMHF

LVMH reported H1 revenue of EUR 41.7 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:03 pm

LVMHF

LVMH reported Q2 organic sales growth of 1%, falling short of the estimated 1.95%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm

BDC

Analysts have shown a bullish sentiment towards Belden (NYSE:BDC) over the past quarter, with all six analysts rating it as a 'Buy'. The average 12-month price target has increased to $111.33, up from $103.60. Despite revenue challenges, Belden's net margin, ROE, and ROA surpass industry standards, although it faces high debt levels.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:01 pm

NFE

New Fortress Energy (NASDAQ:NFE) has received mixed ratings from 4 analysts over the past three months, with a recent trend towards lower price targets. The average 12-month price target has dropped by 11.03% to $32.25. Analysts from Deutsche Bank, Stifel, and Barclays have all lowered their price targets, reflecting cautious sentiment. Despite positive revenue growth, NFE faces challenges with profitability, return on equity, and high debt levels.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:00 pm

ICE

Intercontinental Exchange (NYSE:ICE) has outperformed the market over the past 15 years with an average annual return of 14.91%, resulting in a $1000 investment growing to $8,215.31. The company currently has a market capitalization of $85.87 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:00 pm

FTAI

FTAI Aviation (NASDAQ:FTAI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 52.92%. A $100 investment in FTAI 5 years ago would now be worth $836.88. The company's current market capitalization is $10.93 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 4:00 pm

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) announced that it has surpassed 100,000 pre-orders for its upcoming R2 SUV, which is set to launch in 2026. The R2, priced under $50,000, aims to compete with Tesla's Model Y. Rivian's production at its Normal, Illinois factory is expected to increase by 30% due to new upgrades. Despite the positive news, Rivian's stock has been underperforming, down 33.3% over the last year.

Portfolio Pulse from Chris Katje

July 23, 2024 | 3:56 pm

SHW

Sherwin-Williams announced that it does not expect significant market support in the second half of the year. However, the company anticipates gross margin expansion in the second half of 2024, driven by higher sales in its paint stores.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:40 pm

LMT

Lockheed Martin's CFO announced that it will take 12 to 18 months to deliver parked F-35 jets fully. This information was shared during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:38 pm

NEARUSD

SOLUSD

The integration of AI within the Web3 ecosystem is advancing, with Assisterr leading the charge by developing decentralized AI infrastructure. Assisterr's CEO, Nick Havryliak, emphasized the importance of democratizing AI benefits and highlighted the role of community-owned Small Language Models (SLMs) in competing with Big Tech. Assisterr has also developed AI agents for platforms like Solana and NEAR to improve developer efficiency.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 3:36 pm