Streetbeat News

Revenues

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) will release its Q4 and full fiscal year 2024 financial results on July 29, 2024. The company experienced a sharp decline after missing Q3 estimates but showed significant revenue growth and reduced net loss. Key achievements include increased revenue in core segments and a strong liquidity position. Tilray's strategic investments and market position indicate a positive outlook for future growth.

Portfolio Pulse from Javier Hasse

July 16, 2024 | 2:52 pm

PM

VDC

XLP

Philip Morris International Inc (NYSE:PM) is investing $600 million to establish a manufacturing facility in Aurora, Colorado, expected to create 500 direct jobs and generate $550 million in annual economic impact. The plant will produce Swedish Match ZYN nicotine pouches, aiming to shift adult smokers away from traditional cigarettes. The construction phase will create nearly 5,000 jobs and contribute nearly $1 billion to the economy. PMI's stock has gained over 7% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 16, 2024 | 2:42 pm

AMZN

HD

VDC

WMT

XLP

June's U.S. retail sales report shows flat growth, indicating that consumers are becoming more discerning but continue to spend. Major retailers like Walmart, Amazon, and The Home Depot saw modest gains. ETFs tracking consumer staples also rose.

Portfolio Pulse from Michael Juliano

July 16, 2024 | 2:37 pm

SPY

The International Monetary Fund (IMF) warns that fresh tariffs could lead to prolonged high interest rates, potentially reviving inflation. The IMF left its forecast for world economic growth this year unchanged at 3.2% and raised its forecast for next year to 3.3%.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:35 pm

BAC

QQQ

UNH

US indexes are higher as Bank Of America and UnitedHealth rise following their earnings reports, while better-than-expected June retail sales also lift sentiment. The Nasdaq fell amid a possible rotation out of tech.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:35 pm

MS

Morgan Stanley CEO Ted Pick stated that the company is in the early stages of a multi-year investment banking cycle. Dividends are the highest priority for capital use, and acquisitions are not being considered in the short term. Potential opportunities may be explored in 2-3 years. Macroeconomic uncertainties present trading opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:33 pm

UTHR

United Therapeutics (NASDAQ:UTHR) has significantly outperformed the market over the past 20 years, delivering an average annual return of 18.13%. A $1000 investment in UTHR 20 years ago would be worth $27,504.19 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 2:30 pm

PGR

Progressive (NYSE:PGR) reported Q2 2024 adjusted EPS of $2.65, beating the $2.00 estimate by 32.5%. However, sales of $17.210 billion missed the $17.637 billion estimate by 2.42%, though they increased by 18.99% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:30 pm

PATK

Patrick Industries (NASDAQ:PATK) has significantly outperformed the market over the past 10 years, delivering an average annual return of 19.77%. A $1000 investment in PATK 10 years ago would be worth $6,199.18 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 2:30 pm

KARS

KGRN

NIO

NIO Inc. (NYSE:NIO) shares are trading slightly higher today as the company expands its battery swap stations in Europe, reaching 50 stations, with a significant presence in Germany and Norway. Despite a challenging regulatory landscape with increased tariffs on Chinese EV imports, NIO maintains its pricing in Europe but may adjust in the future. NIO stock has lost over 55% in the past year. Investors can gain exposure to NIO through KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles And Future Mobility Index ETF (NYSE:KARS).

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 2:28 pm