Streetbeat News

Revenues

Visa (NYSE:V) has significantly outperformed the market over the past 15 years, delivering an average annual return of 20.2%. A $100 investment in Visa 15 years ago would be worth approximately $1,600 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 2:00 pm

PATK

Patrick Industries (NASDAQ:PATK) has outperformed the market over the past 10 years, delivering an average annual return of 19.24%. A $100 investment in PATK 10 years ago would be worth $578.55 today. The company currently has a market capitalization of $2.66 billion.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 2:00 pm

COP

IEO

MRO

WEEI

Trinidad and Tobago's High Court upheld ConocoPhillips' (NYSE:COP) $1.33 billion arbitration claim against Venezuela, potentially freezing payments for joint natural gas projects. This decision allows ConocoPhillips to enforce the judgment in Trinidad if assets or money owed to Venezuela are found. ConocoPhillips has been pursuing enforcement actions in Caribbean nations and is among the top creditors seeking proceeds from an auction of shares in PDVSA subsidiary PDV Holding. Additionally, ConocoPhillips and Marathon Oil Corporation (NYSE:MRO) received a Second Request from the FTC to extend the Hart-Scott-Rodino waiting period.

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 1:59 pm

SLB

SLB announced that its free cash flow in the second half of this year will be materially higher than in the first half, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:50 pm

NNE

Nano Nuclear Energy's shares are moving lower as traders circulate a report by Hunterbrook titled 'Fission Impossible: Nano Nuclear Has No Revenue, No Products, Laughable Timelines, Part-Time Executives, And A $600M Market Cap'.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:49 pm

SLB

Schlumberger N.V. (NYSE:SLB) reported a strong Q2 2024 with a 13% YoY revenue increase to $9.139 billion, beating expectations. The company saw significant international growth, particularly in the Middle East & Asia, and strong performance in its digital and core businesses. Adjusted EPS rose 18% YoY to $0.85, and the company declared a quarterly dividend of $0.275 per share. SLB also repurchased 9.9 million shares for $465 million and aims to return $3.0 billion to shareholders in 2024.

Portfolio Pulse from Akanksha Bakshi

July 19, 2024 | 1:47 pm

SLB

SLB CEO Le Peuch anticipates sequential revenue growth in the low single digits, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:44 pm

SLB

Schlumberger CEO Olivier Le Peuch expects FY adjusted EBITDA growth in a range of 14%-15% and full year adjusted EBITDA margins at or above 25%.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:44 pm

AGI

CDE

EQX

FSM

GATO

GAU

GFI

GOLD

HMY

NEM

PAAS

SSRM

WPM

Shares of precious metals stocks are trading lower as gold and silver prices fall amid a rise in the dollar.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:42 pm

IAK

KBWP

TRV

Travelers Companies (NYSE:TRV) reported strong Q2 earnings with core income per share of $2.51, beating the $1.98 consensus forecast. Revenue grew 12% Y/Y to $11.283 billion, missing the $11.341 billion consensus. The company saw significant growth in net written premiums across its Business, Bond & Specialty, and Personal Insurance segments. Despite higher catastrophe losses, improved underwriting gains and higher net investment income contributed to the positive results. TRV shares are trading higher, and the stock has gained around 29% in the last 12 months. Investors can also gain exposure via Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) and IShares U.S. Insurance ETF (NYSE:IAK).

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 1:34 pm