Streetbeat News

Revenues

SPY

UNG

USA gasoline inventories saw a build of 3.328 million barrels, contrary to the expected draw of 1.700 million barrels and the prior draw of 2.006 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 2:30 pm

SPY

USO

The EIA reported a build of 3.454 million barrels in distillate stocks, contrary to the expected draw of 0.500 million barrels. This follows a previous build of 4.884 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 2:30 pm

WRB

WR Berkley (NYSE:WRB) has significantly outperformed the market over the past 15 years, delivering an average annual return of 14.67%. A $1000 investment in WRB 15 years ago would be worth $7,898.60 today. The company's current market capitalization is $20.87 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 2:30 pm

NOW

ServiceNow (NYSE:NOW) has significantly outperformed the market over the past 10 years, delivering an average annual return of 28.85%. A $100 investment in ServiceNow 10 years ago would be worth $1,253.91 today. The company's current market capitalization is $151.63 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 2:30 pm

SPY

USO

USA crude oil inventories saw a significant draw of 4.870 million barrels, much higher than the estimated draw of 0.900 million barrels and the prior draw of 3.443 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 2:30 pm

CSIQ

FSLR

JKS

LNVGY

JinkoSolar (NYSE:JKS) announced a $1 billion joint venture in Saudi Arabia to produce 10 GW of solar cells and modules annually. This move aims to bypass Western protectionism and aligns with Saudi Arabia's green energy goals. Despite a 7.3% stock rise, JinkoSolar faces bearish analyst ratings and financial challenges due to global price wars and overcapacity.

Portfolio Pulse from The Bamboo Works

July 17, 2024 | 2:25 pm

CME

XRPUSD

XRP has surged 40% in the past week, driven by the launch of new indices and reference rates by CME Group and CF Benchmarks. The cryptocurrency outperformed Solana in 24-hour trading volumes, indicating growing investor interest. Ripple Labs also made a strategic political donation to support pro-crypto candidates.

Portfolio Pulse from Murtuza Merchant

July 17, 2024 | 2:10 pm

APD

Air Products (NYSE:APD) announced plans to build, own, and operate two new air separation units (ASUs) at its facilities in Georgia and North Carolina. These units aim to improve productivity, sustainability, and operational flexibility, and are expected to be operational by 2026.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 2:05 pm

INDS

PLD

SPRE

Prologis, Inc. (NYSE:PLD) shares are trading higher after reporting second-quarter FY24 results. Despite missing rental revenue estimates, the company exceeded core funds from operations expectations. Prologis raised its FY24 guidance for net earnings per share and core FFO. The company also issued $1.2 billion of debt and launched a $1 billion commercial-paper program. Shares are up 5.13%.

Portfolio Pulse from Lekha Gupta

July 17, 2024 | 2:04 pm

PNC

Analysts have provided a range of ratings for PNC Financial Services Group (NYSE:PNC) over the past three months, with a mix of bullish, somewhat bullish, and indifferent sentiments. The average 12-month price target has increased to $175.0 from $167.90. Key analysts have raised their price targets, reflecting a positive outlook despite recent revenue challenges.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 2:01 pm