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VST

Vistra (NYSE:VST) has significantly outperformed the market over the past 5 years, delivering an average annual return of 31.3%. A $1000 investment in VST 5 years ago would be worth $3,883.76 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 2:00 pm

ANET

Arista Networks (NYSE:ANET) has significantly outperformed the market over the past decade, delivering an average annual return of 35.41%. A $100 investment in ANET 10 years ago would be worth approximately $1,994.57 today. The article highlights the power of compounded returns in long-term investments.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 2:00 pm

EBS

Emergent Biosolutions shares are trading higher after the company announced it has received more than $250 million in contract modifications from the Administration for Strategic Preparedness and Response at the Department of Health and Human Services.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:57 pm

BP

The U.S. Department of Energy has awarded contracts for the sale and liquidation of 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve. The gasoline is being sold at an average price of $2.34 per gallon to help lower gas prices ahead of the Fourth of July holiday. Contracts were awarded to BP, George E. Warren, Vitol, Freepoint Commodities, and Irving Oil.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:49 pm

MSM

MSC Industrial Direct Co., Inc. (NYSE:MSM) reported disappointing Q3 FY24 results with a 7.1% Y/Y decline in net sales to $979.4 million, missing the consensus of $1.014 billion. Adjusted EPS fell 23.6% Y/Y to $1.33, also missing the consensus of $1.50. The company cited weak demand in manufacturing sectors and non-recurring Public Sector orders as key factors. The FY24 outlook was revised down, with ADS growth expected to decline by 4.7% to 4.3% and adjusted operating margin guidance lowered to 10.5% - 10.7%.

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 1:48 pm

CODX

Co-Diagnostics, Inc. (NASDAQ:CODX) announced the expansion of its vector control technology to 25 customers across 15 U.S. states, with a new installation in Nevada next week. The company's Vector Smart® PCR tests are used for environmental surveillance of mosquito-borne illnesses.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:33 pm

TEM

Tempus AI, Inc. (NASDAQ:TEM) has been awarded Advanced Diagnostic Laboratory Test (ADLT) status by the Centers for Medicare & Medicaid Services (CMS) for its xT CDx next-generation sequencing assay. The initial ADLT rate is set at $4,500, and Tempus will be reimbursed at this rate from July 1, 2024, to March 31, 2025, while it collects private payor payment amounts.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:32 pm

FCX

Freeport's Indonesian subsidiary, PT Freeport Indonesia, has completed the construction of the Manyar smelter and begun commissioning. However, Q2 sales are expected to be 5% below copper guidance and 30% below gold guidance due to an export license delay. 2024 gold sales are expected to be around 1.8 million ounces. The Q2 earnings release and conference call are scheduled for July 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:29 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares rose on Tuesday following the announcement of their Q2 production and delivery figures. The company produced 9,612 vehicles and delivered 13,790 vehicles, in line with expectations. Rivian reaffirmed its 2024 annual production guidance of 57,000 vehicles and shared long-term financial targets, including positive gross profit by Q4 2024 and positive adjusted EBITDA by 2027. The company plans to release its Q2 2024 financial results on August 6.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 1:16 pm

AVAV

The U.S. Department of State has approved a potential foreign military sale of AeroVironment's Switchblade 300 loitering munition systems to Taiwan for $60.2 million. This sale aims to enhance Taiwan's defensive capabilities and supports U.S. interests in the Indo-Pacific region.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:15 pm