Streetbeat News

Revenues

MORT

REZ

SBAC

TLT

VNQ

XLRE

Home prices in the U.S. reached new record highs in April 2024, but the pace of growth has slowed, indicating potential signs of market normalization. Despite the increase, real estate stocks fell due to hawkish Fed remarks and rising Treasury yields.

Portfolio Pulse from Piero Cingari

June 25, 2024 | 2:36 pm

META

Meta Platforms (NASDAQ:META) has significantly outperformed the market over the past 10 years, delivering an average annual return of 22.21%. A $100 investment in META 10 years ago would be worth $751.85 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 2:31 pm

Brunswick (NYSE:BC) has significantly outperformed the market over the past 15 years, delivering an average annual return of 20.66%. A $1000 investment in BC stock 15 years ago would be worth $17,148.15 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 2:31 pm

SPY

The Texas Services Sector Outlook for June improved to -4.1 from -12.1 in the previous month, indicating a less negative sentiment in the sector.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:30 pm

SPY

The Dallas Fed Services Revenues for June reported a significant decline to 1.9 from the previous 6.7. This indicates a slowdown in the services sector, which could have broader implications for the economy.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:30 pm

NFLX

SIX

Netflix's 'Stranger Things' will headline Six Flags' Halloween Fright Fest this year, marking a significant partnership that extends Netflix's presence beyond streaming. Six Flags has also partnered with Warner Bros., Lionsgate, and Legendary for the event, which will feature new mazes based on popular horror franchises. The event is expected to drive significant visitor numbers and revenue for Six Flags.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:29 pm

CCL

Carnival Corporation (NYSE:CCL) shares surged following strong Q2 earnings, with adjusted EPS of 11 cents beating expectations. The company reported $5.781 billion in sales and $560 million in operating income. Strong bookings for 2025 and strategic realignment in Australia are expected to further boost performance. Carnival projects strong Q3 and 2024 earnings, with significant free cash flow anticipated.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 2:28 pm

CCL

CUK

Carnival Corporation reported that its adjusted EBITDA for Q2 not only surpassed the same period in 2019 but also marked the highest Q2 in over 15 years. The company is experiencing consistent growth in both repeat and new guests, with the booking curve in North America at an all-time high.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:27 pm

FTXL

GOOG

GOOGL

INTC

TSM

UMC

XSD

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is expanding its operations to meet growing demand in AI, 5G, server, and data center markets. Acter Group Co, a supplier to TSMC, is also expanding overseas. TSMC's stock has gained 68% in the last 12 months. Investors can gain exposure to the semiconductor sector via ETFs like FTXL and XSD.

Portfolio Pulse from Anusuya Lahiri

June 25, 2024 | 2:25 pm

BRK.A

NVDA

SPY

The Federal Reserve's Bowman suggests a potential rate hike if inflation efforts falter. NVIDIA sees a rebound after a recent sell-off, while Berkshire Hathaway reduces its stake in BYD.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:18 pm