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UL

Unilever is reportedly initiating talks to sell its £15 billion ice cream business, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 4:34 pm

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ZK

Zeekr, a luxury EV brand under Geely, is considering manufacturing in Europe to avoid EU tariffs. The company aims to use existing Geely facilities in Europe and is also exploring local manufacturing in other regions. Zeekr's stock has declined since its U.S. IPO, but the company remains optimistic about profitability and is expanding globally.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 4:32 pm

QCOM

Qualcomm (NASDAQ:QCOM) has outperformed the market over the past 5 years, delivering an average annual return of 20.48%. A $100 investment in QCOM 5 years ago would now be worth $247.74. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 4:30 pm

HES

Hess (NYSE:HES) has outperformed the market over the past 5 years with an average annual return of 20.82%, significantly higher than the market average. A $1000 investment in Hess 5 years ago would now be worth $2,567.03. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 4:30 pm

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Thailand's investigation into BYD's EV discounts continues despite a cash-back program by its distributor, Rever Automotive. BYD, a major player in Thailand's EV market, faces consumer backlash over price reductions. The Thai government is pushing for more EV production, with BYD and other Chinese automakers investing heavily in the region.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 4:06 pm

CAKE

Cheesecake Factory (NASDAQ:CAKE) has been analyzed by 13 analysts over the past three months, showing a range of ratings from bullish to bearish. The average 12-month price target has increased to $41.85 from $38.83. Analysts have recently adjusted their ratings and price targets, reflecting their updated views on the company's performance. Cheesecake Factory has shown positive revenue growth and strong financial metrics, but carries a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 4:01 pm

TXN

Texas Instruments (NASDAQ:TXN) has significantly outperformed the market over the past 15 years, delivering an average annual return of 15.2%. A $100 investment in TXN 15 years ago would be worth $832.42 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 4:00 pm

PDD

PDD Holdings (NASDAQ:PDD) has significantly outperformed the market over the past 5 years, with an average annual return of 44.4%. A $1000 investment in PDD 5 years ago would be worth $6,542.20 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 4:00 pm

NVOS

Novo Integrated Sciences Inc (NASDAQ:NVOS) announced the commencement of disbursement for the monetization of a Standby Letter of Credit (SBLC), with the initial payment received and final distribution expected by August 2. The company anticipates gross funding proceeds of approximately $78 million from the SBLC program. NVOS stock rose 9.56% to $0.66 following the announcement.

Portfolio Pulse from Vandana Singh

July 19, 2024 | 3:54 pm

WIT

Wipro Ltd (NYSE:WIT) shares fell 11.8% after reporting a 3.8% Y/Y decline in gross revenue for Q1, missing analyst estimates. IT Services revenue dropped 5.5% Y/Y, while net income rose 4.6% Y/Y. The company provided a mixed Q2 outlook.

Portfolio Pulse from Anusuya Lahiri

July 19, 2024 | 3:46 pm