Streetbeat News

Revenues

IBKR

Interactive Brokers Group (NASDAQ: IBKR) reported Q2 2024 adjusted EPS of $1.76, beating the estimate of $1.74. The company also reported adjusted net revenues of $1.290 billion, surpassing the estimate of $1.262 billion. This represents a 29% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:02 pm

PRCT

Analysts have provided a range of opinions on PROCEPT BioRobotics (NASDAQ:PRCT) over the past quarter, with the majority being bullish. The average 12-month price target has increased by 12.73% to $75.25. Key analysts from Truist Securities, TD Cowen, and Piper Sandler have raised their ratings and price targets for the company. Despite positive revenue growth, the company faces challenges with profitability and return metrics.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 8:01 pm

SEM

In the last three months, 4 analysts have published ratings on Select Medical Holdings (NYSE:SEM), with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target has increased by 8.33% to $42.25. Analysts have raised their price targets, reflecting positive sentiment towards the company. Select Medical Holdings operates in critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and Concentra institutions, showing strong financial health with impressive net margins, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 8:01 pm

ADBE

AMZN

WMT

Amazon is expected to surpass Walmart as the largest US retailer this year, driven by strong Prime Day sales and increased efficiencies. Analysts project significant growth in Amazon's sales and margins.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 7:53 pm

MS

Morgan Stanley (NYSE:MS) reported strong Q2 earnings with EPS of $1.82, beating the consensus of $1.65. Sales were $15.02 billion, up 11.6% YoY, driven by capital markets. However, wealth management metrics lagged, raising concerns about future performance. Analysts from Goldman Sachs and JP Morgan provided mixed ratings.

Portfolio Pulse from Vandana Singh

July 16, 2024 | 7:45 pm

AMZN

Analysts are optimistic about Amazon (NASDAQ:AMZN) heading into Q2 earnings, citing AWS growth, margin expansion, and retail share gains. Prime Day is expected to boost Q3 results, while Q2 earnings are anticipated to reflect positive trends in AI and cost controls.

Portfolio Pulse from Adam Eckert

July 16, 2024 | 7:38 pm

BLK

BlackRock (NYSE:BLK) has significantly outperformed the market over the past 20 years, delivering an average annual return of 13.89%. A $1000 investment in BLK 20 years ago would be worth $13,582.59 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 7:33 pm

FBTC

IBIT

Bitcoin ETFs have seen significant inflows, adding $300 million yesterday and $1 billion for the week, surpassing year-to-date estimates. BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity's Wise Origin Bitcoin Fund (FBTC) are key beneficiaries.

Portfolio Pulse from Ivan Crnogatić

July 16, 2024 | 7:33 pm

FETUSD

Artificial Superintelligence Alliance (CRYPTO: FET) has seen a 6.57% price increase in the past 24 hours, continuing a positive trend with a 22.0% gain over the past week. Trading volume has surged 157.0%, while circulating supply decreased by 1.0%. The current market cap is $3.62 billion.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 7:03 pm

ESI

Element Solutions (NYSE:ESI) has outperformed the market over the past 5 years with an average annual return of 23.55%, resulting in a 5-year return of 187.64% on a $100 investment. The company currently has a market capitalization of $6.69 billion.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 7:02 pm