Streetbeat News

Revenues

HD

Home Depot shares are trading lower due to an unexpected decline in U.S. construction spending for May. The 0.1% drop contrasts with economists' forecasts of a 0.2% rise, driven by a 0.3% drop in private construction projects. Residential construction saw a 0.2% decrease, with new single-family construction projects falling by 0.7%. Public construction projects, however, showed resilience with a 0.5% increase.

Portfolio Pulse from Vaishali Prayag

July 01, 2024 | 7:04 pm

IMXUSD

Immutable (IMX) has seen a 7.9% price increase in the past 24 hours, reaching $1.6. Over the past week, the coin has risen over 8.0%. Trading volume increased by 2.0%, while circulating supply decreased by 0.64%. IMX's market cap is $2.41 billion, ranking it #46.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 7:02 pm

BALL

Ball Corporation (NYSE:BALL) has outperformed the market over the past 20 years with an average annual return of 9.93%, resulting in a $1000 investment growing to $6,542.05. The company currently has a market capitalization of $18.63 billion.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 7:00 pm

SPOT

Spotify Technology (NYSE:SPOT) has outperformed the market over the past 5 years with an average annual return of 16.35%, resulting in a significant increase in investment value. A $100 investment in SPOT 5 years ago would now be worth $213.25.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 7:00 pm

LVS

MGM

MLCO

WYNN

Shares of gambling stocks are trading lower after Macau revenue fell in June.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:58 pm

CLSK

HUT

MARA

RIOT

Bitcoin miners have reduced their selling volume, potentially leading to a rally in Bitcoin prices. This could positively impact Bitcoin mining stocks such as Marathon Digital Holdings, Riot Platforms, CleanSpark, and Hut 8.

Portfolio Pulse from Khyathi Dalal

July 01, 2024 | 6:57 pm

LVS

MGM

MLCO

WYNN

Macau's gambling revenue in June fell to an eight-month low, impacting several US-listed casino operators with significant exposure to the region.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:56 pm

PSNY

Polestar Automotive Holding (NASDAQ:PSNY) is set to report its unaudited Q1 financial results and Q2 global volumes on July 2. Analysts expect Q1 revenue of $737.57 million and a loss of 12 cents per share. The company has missed revenue estimates for three consecutive quarters but has beaten EPS estimates in three of the last four quarters. Polestar's FY 2023 revenue was $2.38 billion, down 3% YoY, with deliveries of 54,626 vehicles. Analysts highlight the company's cash balance of $769 million and its goal to raise $1.3 billion in external funding in 2024. Polestar's stock is up 21.76% to 96 cents but down 76% over the last year.

Portfolio Pulse from Chris Katje

July 01, 2024 | 6:51 pm

CTAS

Cintas (NASDAQ:CTAS) has significantly outperformed the market over the past decade, delivering an average annual return of 27.07%. A $100 investment in Cintas 10 years ago would now be worth $1,090.92. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 6:30 pm

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) has significantly outperformed the market over the past 15 years, delivering an average annual return of 19.36%. A $1000 investment in VRTX 15 years ago would be worth $13,864.68 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 6:30 pm