Streetbeat News

Revenues

DIS

NFLX

Disney is developing new technology to enhance user engagement on its streaming platforms, aiming to rival Netflix. The company is introducing personalized algorithms, customized promotional art, and pop-up live channels. Disney reported a slight revenue miss but beat EPS estimates in Q2, while Netflix reported strong revenue and subscriber growth.

Portfolio Pulse from Anusuya Lahiri

July 17, 2024 | 5:45 pm

GNRC

Generac has been awarded a grant of up to $200 million for solar and battery storage installations in low-income Puerto Rican communities. The installations will begin in August 2024 under the DOE's Programa Acceso Solar.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:30 pm

EME

EMCOR Group (NYSE:EME) has significantly outperformed the market over the past 15 years, delivering an average annual return of 20.74%. A $1000 investment in EME 15 years ago would be worth $17,687.02 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 5:30 pm

ZS

Zscaler (NASDAQ:ZS) has outperformed the market over the past 5 years, delivering an average annual return of 18.31%. A $100 investment in ZS stock 5 years ago would be worth $231.77 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 5:30 pm

STT

RBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating on State Street Corp (NYSE:STT) and raised the price target from $85 to $91. STT reported strong 2Q24 EPS of $2.15, driven by better-than-expected net interest income and fee revenues. The company's tangible book value per share and core return metrics also showed improvement. STT continues to win new mandates and has a strong pipeline for the next 12 months.

Portfolio Pulse from Shivani Kumaresan

July 17, 2024 | 5:27 pm

GOOGL

MSFT

NVDA

Google and Microsoft are providing Chinese companies access to Nvidia AI chips through data centers outside China, despite U.S. restrictions. The Biden administration is imposing strict trade measures to prevent Chinese firms from using U.S. technology for AI. Nvidia continues to sell AI chips in China, with some being smuggled in despite export restrictions.

Portfolio Pulse from Shivani Kumaresan

July 17, 2024 | 5:22 pm

CZR

Caesars Entertainment, Inc. (NASDAQ:CZR) has expanded its mobile sports betting platform, Caesars Sportsbook, across Washington, D.C. This expansion allows sports fans 21 and older to access the app on iOS, Android, and desktop, except on federal lands and areas around other professional sports venues.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:01 pm

WGS

In the past three months, 6 analysts have released ratings for GeneDx Holdings (NASDAQ:WGS), with a mix of bullish and neutral sentiments. The average 12-month price target has increased significantly to $27.33 from $14.30. Analysts from firms like Goldman Sachs, Craig-Hallum, BTIG, and TD Cowen have raised their price targets, reflecting positive outlooks. Despite strong revenue growth, GeneDx faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 5:01 pm

IAI

KBWB

MS

Morgan Stanley (NYSE: MS) reported strong Q2 FY24 results, beating EPS and sales estimates. RBC Capital Markets raised its price target to $108, maintaining a Sector Perform rating. Barclays and Evercore ISI Group also increased their price targets. The bank's diversified business model and strong capital position are expected to drive shareholder returns through share repurchases and increased dividends. Investors can gain exposure via IShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE: IAI) and Invesco KBW Bank ETF (NASDAQ: KBWB).

Portfolio Pulse from Lekha Gupta

July 17, 2024 | 5:00 pm

LULU

Lululemon Athletica (NASDAQ:LULU) has significantly outperformed the market over the past 15 years, delivering an average annual return of 26.6%. A $1000 investment in LULU 15 years ago would be worth $35,475.55 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 5:00 pm