Streetbeat News

Revenues

BABA

PDD

Alibaba's Taobao is introducing free overseas shipping on apparel orders to compete with rivals PDD Holdings' Temu and Shein. The program will start on August 3, targeting several Asian markets, and aims to reduce return rates and help merchants explore overseas markets. Alibaba's stock has declined by nearly 21% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 3:25 pm

VALE

Vale (NYSE:VALE) is investing $149 million in a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. The project aims to produce 1.5 million tons of nickel and copper by 2025, with initial production set at 300,000 tons this year. The project emphasizes sustainable and inclusive growth, involving local contractors and the United Steelworkers Union.

Portfolio Pulse from Stjepan Kalinic

July 23, 2024 | 3:17 pm

MCO

Moody's Corporation (NYSE:MCO) reported strong Q2 earnings, beating street estimates with an adjusted EPS of $3.28 and sales of $1.817 billion. The company raised its share repurchase guidance to $1.3 billion and increased its FY24 adjusted EPS outlook. Despite the positive results, MCO shares are trading lower.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 3:17 pm

FXI

PDD

PDD-owned Temu's first-half sales surged to US$20 billion, exceeding the total sales for 2023, according to a report by the South China Morning Post.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:09 pm

LMT

Lockheed Martin Corp (NYSE:LMT) reported strong Q2 2024 results with net sales growth of 9% YoY to $18.12 billion, surpassing expectations. Adjusted EPS also exceeded forecasts at $7.11. Despite some margin contractions, the company raised its 2024 outlook for sales, operating profit, and EPS. LMT shares rose by 1.85% following the announcement.

Portfolio Pulse from Akanksha Bakshi

July 23, 2024 | 3:08 pm

ARBUSD

Arbitrum (ARB) has seen a 5.3% price increase in the past 24 hours, continuing a positive trend with a 6.0% gain over the past week. Trading volume has surged by 53.0%, and the circulating supply has increased by 3.56%. The current market cap is $2.70 billion, ranking ARB at #36.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 3:03 pm

ETCUSD

Ethereum Classic (ETC) has seen a price increase of 5.44% in the past 24 hours, continuing a positive trend with a 3.0% gain over the past week. The trading volume has surged by 190.0%, while the circulating supply has slightly decreased. ETC's current market cap is $3.64 billion, ranking it #29.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 3:02 pm

LULU

The article provides a detailed analysis of Lululemon Athletica (NASDAQ:LULU) compared to its competitors in the Textiles, Apparel & Luxury Goods industry. Key financial metrics indicate that Lululemon has a lower PE ratio, suggesting potential undervaluation, but higher PB and PS ratios, indicating possible overvaluation based on assets and sales. The company shows strong profitability and growth potential with high ROE, EBITDA, gross profit, and revenue growth. Additionally, Lululemon has a lower debt-to-equity ratio compared to its top peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 3:00 pm

PLD

Prologis (NYSE:PLD) has outperformed the market over the past 15 years with an average annual return of 13.58%, resulting in a $100 investment growing to $664.26. The company currently has a market capitalization of $118.05 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 3:00 pm

LPLA

LPL Financial Holdings (NASDAQ:LPLA) has significantly outperformed the market over the past decade, delivering an average annual return of 16.22%. A $1000 investment in LPLA 10 years ago would now be worth $4,531.30. The company's current market capitalization is $16.64 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 3:00 pm