Streetbeat News

Revenues

ABNB

CCL

EXPE

MAR

SBUX

Shares of companies within the broader consumer discretionary sector are trading higher following a rise in June retail sales, indicating continued consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:38 pm

DOGEUSD

LDOUSD

MKRUSD

SHIBUSD

Pepe (CRYPTO: PEPE) has surged 40% in a week, outperforming other meme coins like Dogecoin, Shiba Inu, and Dogwifhat. Traders predict further gains for Pepe, with significant bullish momentum and increased transaction volumes. Venture capital firm Nascent has swapped its Maker position for Pepe and Lido DAO, sparking optimism about Pepe's future price movements.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 6:35 pm

BLD

CCS

CVCO

HOV

KBH

LGIH

MTH

NVR

NWL

PHM

PRPL

SKY

TMHC

TPX

Shares of household durable stocks are trading higher after store sales of building material and garden supplies rose 1.4% in June. Additionally, trader optimism about potential Fed rate cuts is contributing to the strength.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:31 pm

BURL

DKS

FL

GME

RH

SBH

SNBR

ULTA

W

WSM

Shares of retail and consumer discretionary stocks are trading higher following a rise in June retail sales, indicating continued consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:30 pm

IAT

PNC

RDIV

Goldman Sachs maintains a neutral rating on PNC Financial Services Group, Inc. (NYSE:PNC) despite strong Q3 results, citing a modest FY24 outlook. PNC reported a slight revenue miss but beat EPS expectations. The FY24 guidance suggests declines in net interest income, revenue, and average loans. The analyst anticipates neutral investor response and highlights concerns about credit trends and commercial real estate net charge-offs.

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 6:26 pm

ACHR

BA

CARR

TXT

URI

Shares of companies within the broader industrial sector are trading higher following positive Core Retail Sales and Retail Sales economic data. Additionally, trader optimism about potential Fed rate cuts is contributing to the sector's strength.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:14 pm

RIOT

Former President Donald Trump has shifted his stance on cryptocurrencies, aiming to use them as a wedge issue in the upcoming election. This pivot is intended to energize under-40 voters and secure donations. Trump's campaign has raised $3 million in crypto donations last quarter. His policies may favor a hands-off regulatory approach, contrasting with the Biden administration's crackdown.

Portfolio Pulse from Ivan Crnogatić

July 16, 2024 | 6:06 pm

DAL

LUV

UAL

Shares of airline companies are trading higher amid possible optimism that the Fed will cut rates.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:54 pm

ACM

ALLE

AOS

GFF

MAS

ROCK

UFPI

WMS

Shares of construction and building product companies are trading higher after store sales of building material and garden supplies rose 1.4% in June.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:43 pm

ALL

Allstate (NYSE:ALL) has outperformed the market over the past 15 years with an average annual return of 13.57%, resulting in a $1000 investment growing to $6,848.46. The company currently has a market capitalization of $44.61 billion.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 5:34 pm