Streetbeat News

Revenues

STT

State Street Corporation (NYSE:STT) reported strong Q2 2024 earnings, with revenues of $3.191 billion, beating estimates. Key drivers included higher Net Interest Income and a rise in management fees. EPS of $2.15 also surpassed expectations. The company saw a 16% increase in AUM and announced a planned 10% dividend increase.

Portfolio Pulse from Akanksha Bakshi

July 16, 2024 | 2:06 pm

PRDO

Perdoceo Education has signed a definitive agreement to acquire the University of St. Augustine for Health Sciences (USAHS) for approximately $142M-$144M in cash. The acquisition is expected to close in December 2024 and is anticipated to be accretive to Perdoceo's adjusted operating income starting in 2025. The company remains on track to achieve its FY 2024 adjusted operating income outlook of $175M-$190M.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:06 pm

AAPL

AMZN

BAC

GLD

GOOG

IWM

META

MS

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The article discusses a breakout in small caps, driven by the anticipation of rate cuts, with an 85% probability of a rate cut in September. It highlights notable earnings from Morgan Stanley and Bank of America, and positive money flows in major tech stocks and ETFs. The article also touches on Bitcoin's range-bound status and provides investment strategies for different risk preferences.

Portfolio Pulse from The Arora Report

July 16, 2024 | 2:05 pm

AMIX

CMND

CYN

LPA

SILO

TKLF

U.S. stocks saw significant gains with the Dow Jones rising over 400 points. Retail sales for June were flat, and industrials led the market with a 1.2% increase. Notable stock movements included Silo Pharma, Yoshitsu Co., and Logistic Properties of the Americas, which saw substantial gains, while Autonomix Medical, Cyngn Inc., and Clearmind Medicine experienced declines.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 2:04 pm

CECO

CECO Environmental (NASDAQ:CECO) has received mixed analyst ratings over the past three months, with a recent trend towards bullish sentiment. Analysts have raised their price targets, reflecting increased confidence in the company's performance. CECO's financial metrics, including revenue growth, net margin, ROE, and ROA, surpass industry averages, indicating strong financial health.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 2:02 pm

PNR

Pentair (NYSE:PNR) has received mixed ratings from 7 analysts over the past three months, with a majority being somewhat bullish. The average 12-month price target is $93.57, reflecting a 2.82% increase from the previous target. Despite revenue challenges, Pentair maintains a strong net margin but faces issues with ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 2:01 pm

MS

Morgan Stanley's CEO expressed high confidence that the company's wealth management division will achieve a 30% pre-tax margin.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:01 pm

RSI

Rush Street Interactive (NYSE:RSI) has received a range of analyst ratings over the past three months, with 7 analysts providing insights. The average 12-month price target has increased to $9.57, reflecting a 15.44% rise from the previous target. Analysts have predominantly raised their ratings and price targets, indicating a positive outlook. Despite strong revenue growth, the company faces challenges in profitability and financial performance metrics.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 2:01 pm

EHC

Encompass Health (NYSE:EHC) has outperformed the market over the past 15 years with an average annual return of 14.69%, resulting in a $1000 investment growing to $7,855.48. The company currently has a market capitalization of $8.61 billion.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 2:00 pm

GDDY

GoDaddy (NYSE:GDDY) has outperformed the market over the past 5 years with an average annual return of 14.79%, resulting in a $1000 investment growing to $2,046.13. The company currently has a market capitalization of $20.69 billion.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 2:00 pm