Streetbeat News

Revenues

AAPL

Apple is anticipating strong sales for the upcoming iPhone 16, as indicated by their substantial chip orders.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 5:38 pm

ENSG

Ensign Group (NASDAQ:ENSG) has outperformed the market over the past 5 years, delivering an average annual return of 17.96%. A $100 investment in ENSG 5 years ago would be worth $228.36 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 5:30 pm

APH

Amphenol (NYSE:APH) has significantly outperformed the market over the past 20 years, delivering an average annual return of 19.59%. A $1000 investment in APH 20 years ago would be worth $35,349.02 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 5:30 pm

CCL

NCLH

NIO

RIVN

SNOW

TLT

TSLA

VSCO

XPEV

Stocks had a mixed start on Monday with major indices slightly up. Key economic events this week include Fed Chair Jerome Powell's speech and labor market data. Technology sector outperformed, while materials and real estate struggled. Treasury yields rose, impacting the iShares 20+ Year Treasury ETF (TLT). Crude oil prices surged above $83 a barrel. Tesla and other EV stocks rallied, while cruise-line stocks and Victoria's Secret saw significant declines.

Portfolio Pulse from Piero Cingari

July 01, 2024 | 5:22 pm

OMFS

PBI

Pitney Bowes Inc. (NYSE:PBI) shares are trading higher after the company announced significant cost savings from its cost rationalization initiative. The company has identified $70 million in savings, with further opportunities increasing the expected savings to $120 million-$160 million. These savings will impact pre-tax earnings in the second half of 2024 and fully realize in 2025. Pitney Bowes reported a first-quarter loss per share of $0.01, beating estimates, with revenues of $830.509 million. Investors can also gain exposure via the Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS).

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 5:17 pm

META

NVDA

VOX

XLC

Needham analyst Laura Martin reiterated an Underperform rating on Meta Platforms Inc (NASDAQ:META), suggesting it as a prime funding source due to concerns over slowing user growth and geopolitical tensions affecting ad revenue. The analyst also noted Meta's significant GPU investments from NVIDIA Corporation (NASDAQ:NVDA) for AI integration. Investors can gain exposure to Meta via Vanguard Communication Services ETF (NYSE:VOX) and Communication Services Select Sector SPDR Fund (NYSE:XLC).

Portfolio Pulse from Shivani Kumaresan

July 01, 2024 | 5:11 pm

ACGL

Analysts have provided mixed ratings for Arch Capital Group (NASDAQ:ACGL) over the past three months, with a majority being bullish or somewhat bullish. The average 12-month price target has increased to $107.54, reflecting a 5.43% rise from the previous average. Key financial indicators show strong performance, including a 24.37% revenue growth rate, a 28.62% net margin, and a low debt-to-equity ratio of 0.15.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 5:01 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has significantly outperformed the market over the past 5 years, delivering an average annual return of 23.64%. A $100 investment in MRVL 5 years ago would be worth $288.93 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 5:00 pm

WRB

WR Berkley (NYSE:WRB) has outperformed the market over the past 10 years with an average annual return of 14.43%, surpassing the market by 3.67% annually. A $1000 investment in WRB 10 years ago would be worth $3,835.77 today.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 5:00 pm

FND

HD

LL

LOW

Shares of building and construction-related stocks are trading lower following a drop in May construction spending.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:59 pm