Streetbeat News

Revenues

PHM

PulteGroup (NYSE:PHM) has significantly outperformed the market over the past 10 years, delivering an average annual return of 17.93%. A $1000 investment in PHM 10 years ago would be worth $5,201.50 today. The article highlights the power of compounded returns in long-term investments.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 8:00 pm

GBTC

IBIT

Spot Bitcoin and Ethereum ETFs are expected to drive the next phase of the bull cycle. Spot Bitcoin ETFs have seen significant inflows, while Grayscale Bitcoin Trust has experienced outflows. Spot Ethereum ETFs are anticipated to be approved soon, with substantial inflows predicted.

Portfolio Pulse from Khyathi Dalal

July 02, 2024 | 7:58 pm

BUR

Burford Capital is expected to realize a gain from its investment in the arbitration process involving Sundance Resources and the Republic of Congo. A conditional settlement has been announced, potentially ending the dispute by the end of Q3. The original claim was over $8.5 billion.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:45 pm

IREN

Iris Energy Ltd (NASDAQ:IREN) shares are rising after the company announced its 2024 expansion is fully funded, with a strong cash position of $425.3 million and zero debt. The company is also exploring monetization opportunities for its power and land portfolio.

Portfolio Pulse from Adam Eckert

July 02, 2024 | 7:37 pm

SSD

Simpson Manufacturing Co (NYSE:SSD) has outperformed the market over the past 15 years, delivering an average annual return of 15.04%. A $100 investment in SSD 15 years ago would be worth $816.84 today. The company currently has a market capitalization of $6.91 billion.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 7:30 pm

ANF

Abercrombie & Fitch (NYSE:ANF) has significantly outperformed the market over the past 5 years, with an average annual return of 60.34%. A $100 investment in ANF 5 years ago would now be worth $1,075.22. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 7:30 pm

JXJT

JX Luxventure Ltd (NASDAQ:JXJT) shares surged by 29.4% to $1.47 after its subsidiary, JX Hainan, entered into a $100 million cooperation agreement with Tianjin Auto Trading to market and sell foreign luxury automobiles in China. The partnership aims to enhance growth and profit margins by leveraging JX Hainan's procurement expertise and Tianjin's sales platform.

Portfolio Pulse from Henry Khederian

July 02, 2024 | 7:28 pm

BYDDY

TSLA

BYD Company (OTC:BYDDY) saw a 21% increase in Q2 EV sales, selling 426,039 units and narrowing the gap with Tesla (NASDAQ:TSLA). BYD also launched five new electric models in Tunisia and entered a strategic partnership with Ayvens SA to expand in Europe. Tesla is expected to report a 6% decline in Q2 deliveries.

Portfolio Pulse from Vaishali Prayag

July 02, 2024 | 7:27 pm

PCRX

Analysts' ratings for Pacira BioSciences (NASDAQ:PCRX) show mixed sentiments, with recent ratings being predominantly bullish. The average 12-month price target has declined slightly to $47.17. Key analysts have maintained or lowered their ratings and price targets, reflecting their response to recent developments. Pacira BioSciences has shown notable revenue growth and strong net margins but faces challenges with ROE.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 7:01 pm

QCOM

Qualcomm (NASDAQ:QCOM) has significantly outperformed the market over the past 5 years, delivering an average annual return of 21.13%. A $100 investment in QCOM 5 years ago would be worth $260.70 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 7:00 pm