Streetbeat News

Revenues

NVDA

Nvidia's stock recently fell by 14%, losing $500 billion in market value, but investor confidence remains strong due to a 141% increase over the past year. The drop has sparked debates about the sustainability of high valuations in the AI sector.

Portfolio Pulse from Zaheer Anwari

June 25, 2024 | 2:12 pm

BURL

Burlington Stores (NYSE:BURL) has significantly outperformed the market over the past decade, delivering an average annual return of 22.73%. A $1000 investment in BURL 10 years ago would now be worth $7,675.46. The company's current market capitalization is $15.61 billion.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 2:00 pm

MA

Mastercard (NYSE:MA) has significantly outperformed the market over the past 15 years, delivering an average annual return of 24.77%. A $100 investment in Mastercard 15 years ago would be worth $2,739.05 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 2:00 pm

SPY

The Richmond Manufacturing Index for June came in at -10, significantly below the expected -3 and the prior reading of 0. This indicates a notable contraction in manufacturing activity in the Richmond area.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:59 pm

TGT

Target announced it will reduce prices on approximately 3,500 more items throughout the summer, aiming to attract more customers and boost sales.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:57 pm

VLTLF

Volt Lithium, led by CEO Alex Wylie, is focusing on extracting lithium from oilfield brine, presenting a $6 billion cash flow opportunity. Despite initial market skepticism, the company has secured industry validation and investment to deploy a field unit in Texas. Volt aims to scale up its operations with minimal capex, leveraging existing oil and gas infrastructure.

Portfolio Pulse from Stjepan Kalinic

June 25, 2024 | 1:57 pm

HJEN

HYDR

PLUG

Plug Power, Inc. (NASDAQ:PLUG) announced it has exceeded 7.5 gigawatts in global Basic Engineering and Design Package (BEDP) contracts within two years. Despite this achievement, PLUG stock has lost over 73% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:HYDR) and Direxion Hydrogen ETF (NYSE:HJEN). Plug Power also secured industry certification for its high-powered stationary system and a 25 MW order for PEM electrolyzer systems for a European customer.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 1:57 pm

CVS

RADCQ

WBA

A U.S. Bankruptcy Judge ruled against MedImpact in a $200 million debt dispute with Rite Aid. MedImpact assumed Elixir's debts when it acquired the company. Rite Aid's bankruptcy plan aims to reduce its debt by $2 billion. CVS Health and Walgreens Boots Alliance are also involved due to reimbursement payments owed.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 1:54 pm

MRM

Medirom Healthcare Technologies reported its FY23 revenue at $48.45 million.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:51 pm

MRM

MEDIROM Healthcare Technologies reported a revenue of $43 million for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:44 pm