Streetbeat News

Revenues

KLAC

KLA (NASDAQ:KLAC) has significantly outperformed the market over the past decade, delivering an average annual return of 27.4%. A $1000 investment in KLAC 10 years ago would now be worth $11,276.60. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 6:30 pm

RMD

ResMed (NYSE:RMD) has significantly outperformed the market over the past 15 years, delivering an average annual return of 16.26%. A $1000 investment in ResMed 15 years ago would be worth $9,562.07 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 6:30 pm

TPC

Tutor Perini, in a joint venture with O&G Industries, has been awarded a $1.3 billion contract by Amtrak for the Connecticut River Bridge replacement project. The project is funded by the IIJA and a federal grant, with work set to begin in late summer 2024 and completion anticipated in 2031. Tutor Perini's 30% share will be added to its Q2 2024 backlog.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 6:27 pm

GME

MARA

NVDA

PLTR

TSLA

The article highlights the top 10 most-searched tickers on Benzinga Pro for the first half of 2024, with Nvidia, Tesla, Palantir, and GameStop among the top ranks. Nvidia saw the highest interest due to its AI advancements, while GameStop surged in searches due to the return of Roaring Kitty. Cryptocurrency-related stocks like Marathon Digital and Coinbase also saw significant interest.

Portfolio Pulse from Chris Katje

July 02, 2024 | 6:06 pm

WAY

Analysts from BofA Securities, Goldman Sachs, and William Blair have initiated coverage on Waystar Holding Corp. (NASDAQ: WAY) with positive ratings and price forecasts ranging from $27 to $32. They cite robust revenue growth, market share gains due to a competitor's cybersecurity issues, and a strong technology platform as key drivers.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 6:05 pm

THC

In the last three months, 13 analysts have published ratings on Tenet Healthcare (NYSE:THC), with a mix of bullish and somewhat bullish perspectives. The average 12-month price target has increased by 15.38% to $135.0. Analysts have raised their price targets, reflecting positive sentiment towards the company's financial performance, including a 6.91% revenue growth rate and strong financial health indicators.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 6:01 pm

IREN

Iris Energy Limited (NASDAQ:IREN) has secured $413 million to expand its Bitcoin mining operations, increasing its mining capacity to 30 EH/s and data center capacity to 510 MW. The company is also exploring asset sales, colocation agreements, and joint ventures to monetize its power and land portfolio. Iris Energy is committed to 100% renewable energy and has diversified into AI cloud services.

Portfolio Pulse from Murtuza Merchant

July 02, 2024 | 6:01 pm

CELH

Celsius Holdings (NASDAQ:CELH) has significantly outperformed the market over the past 10 years, delivering an average annual return of 73.75%. A $1000 investment in CELH 10 years ago would be worth $250,764.71 today. The company's current market capitalization is $13.25 billion.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 6:00 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has significantly outperformed the market over the past decade, delivering an average annual return of 29.83%. A $100 investment in PANW 10 years ago would be worth $1,288.44 today. The company's current market capitalization is $110.65 billion.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 6:00 pm

BLK

BlackRock's acquisition of Preqin for $3.2 billion is expected to drive revenue synergies and expand its presence in emerging private markets. Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on BlackRock with a price target of $929. The acquisition is funded with $3 billion in debt and $200 million in cash, and is expected to generate significant revenue growth for BlackRock.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 5:58 pm