Streetbeat News

Revenues

SUM

Summit Materials (NYSE:SUM) has outperformed the market over the past 5 years with an average annual return of 16.61%, resulting in a $100 investment growing to $215.46. The company currently has a market capitalization of $6.73 billion.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 7:00 pm

CWST

Casella Waste Systems (NASDAQ:CWST) has significantly outperformed the market over the past 20 years, delivering an average annual return of 11.31%. A $100 investment in CWST 20 years ago would be worth $857.80 today. The company's current market capitalization is $6.13 billion.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 7:00 pm

ZLAB

Zai Lab Limited announced a publication in 'Cell' highlighting the effects of niraparib on ovarian cancer microenvironment stratified by HRD. The study suggests that combining niraparib with ZL-1218, an investigational CCR8 antibody, may decrease tumor burden, offering synergistic potential for improving treatment efficacy in HRD tumors.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 6:57 pm

MSFT

SONY

TTWO

Bain & Company forecasts global video gaming revenue to grow from $199 billion in 2022 to $307 billion by 2027, driven by younger gamers and increased deal activity. Key transactions include Microsoft's acquisition of Activision, Take-Two's acquisition of Zynga, and Sony's acquisition of Bungie.

Portfolio Pulse from Franca Quarneti

July 15, 2024 | 6:50 pm

STAG

Stag Industrial (NYSE:STAG) has significantly outperformed the market over the past 5 years, delivering an average annual return of 20.33%. A $1000 investment in STAG 5 years ago would be worth $2,520.87 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 6:30 pm

TRIB

The Department of Veterans Affairs has awarded a $4 million contract to Biopool US for cost-per-test services. This contract is expected to enhance the efficiency and cost-effectiveness of medical testing services provided to veterans.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 6:13 pm

SPY

TLT

XLE

Federal Reserve Chairman Jerome Powell expressed confidence in recent inflation data, hinting at potential rate cuts. He also voiced concerns about the unsustainable national debt. Market reactions included a slight weakening of the S&P 500, a rise in long-dated Treasury yields, and a fall in the iShares 20+ Year Treasury Bond ETF. Energy stocks outperformed.

Portfolio Pulse from Piero Cingari

July 15, 2024 | 6:04 pm

KR

Kroger (NYSE:KR) has outperformed the market over the past 20 years with an average annual return of 9.7%, surpassing the market by 1.21% annually. A $100 investment in KR stock 20 years ago would be worth $632.91 today. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 6:01 pm

OLN

Olin Corporation (NYSE:OLN) has outperformed the market over the past 5 years, delivering an average annual return of 18.04%. A $100 investment in OLN 5 years ago would be worth $226.31 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 6:01 pm

BLK

IBIT

BlackRock CEO Larry Fink has acknowledged Bitcoin as a legitimate financial instrument, reversing his previous skepticism. BlackRock's iShares Bitcoin Trust (IBIT) has become the largest spot Bitcoin ETF by market cap, and the firm's USD Institutional Digital Liquidity fund has surpassed $500 million in market value. Fink's endorsement is significant given BlackRock's $10.6 trillion in assets.

Portfolio Pulse from Ivan Crnogatić

July 15, 2024 | 6:00 pm