Streetbeat News

Revenues

KLAC

KLA (NASDAQ:KLAC) has significantly outperformed the market over the past 20 years, delivering an average annual return of 16.37%. A $100 investment in KLAC 20 years ago would be worth $2,057.33 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 6:30 pm

OC

Owens-Corning (NYSE:OC) has significantly outperformed the market over the past 5 years, delivering an average annual return of 26.14%. A $100 investment in OC stock 5 years ago would now be worth $323.06. The company's current market capitalization is $15.31 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 6:30 pm

CORZ

Cantor Fitzgerald analyst Brett Knoblauch initiated coverage on Core Scientific, Inc. (NASDAQ:CORZ) with a price forecast of $20. Core Scientific announced a significant deal with CoreWeave, leasing 270 MW for 12 years, generating $4.725 billion. The deal is unique as CoreWeave will fund the entire capex buildout. Core Scientific has earmarked additional capacity for AI/HPC, potentially generating substantial revenue and profits. Despite the positive outlook, CORZ shares are currently trading lower by 5.17% to $11.10.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2024 | 6:19 pm

MSFT

BofA Securities analyst Brad Sills maintains a Buy rating on Microsoft (NASDAQ:MSFT) and raises the price target to $510. Sills sees a 1% upside to Q4 revenue estimates due to Azure strength, Office E3/E5 premium mix, and early traction with Microsoft Copilot. The analyst also projects a $100 million upside to the PBP segment revenue estimate and forecasts double-digit revenue growth with a slight margin decline due to increased capex.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2024 | 6:04 pm

WPM

Wheaton Precious Metals (NYSE:WPM) has outperformed the market over the past 15 years with an average annual return of 13.51%. A $100 investment in WPM 15 years ago would be worth $681.11 today. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 6:00 pm

AJG

Arthur J. Gallagher (NYSE:AJG) has significantly outperformed the market over the past decade, delivering an average annual return of 19.35%. A $1000 investment in AJG 10 years ago would now be worth $5,892.95. The company's current market capitalization is $58.48 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 6:00 pm

OKLO

Oklo Inc (NYSE:OKLO) stock is trading higher after the company announced the successful demonstration of its advanced fuel recycling process. This marks a significant step in scaling up its fuel recycling capabilities, supported by a $5 million award from the U.S. Department of Energy's ONWARDS program. The technology is expected to save Oklo up to 80% on fuel costs and enhance efficiency.

Portfolio Pulse from Dylan Berman

July 17, 2024 | 5:52 pm

LRCX

Lam Research (LRCX) shares are down 8.54% due to potential new restrictions on China by President Biden, comments by Donald Trump on the China-Taiwan standoff, and cautious guidance from ASML. These factors are causing concerns about the semiconductor supply chain and future revenue for Lam Research.

Portfolio Pulse from Henry Khederian

July 17, 2024 | 5:51 pm

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