Streetbeat News

Revenues

SPY

Fed's Daly states that monetary policy is restrictive, consumer savings are largely exhausted, and spending should slow down. Despite this, the U.S. economy remains resilient.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:46 pm

AMC

CNK

DIS

Disney's 'Inside Out 2' has become the highest-grossing film of 2024, nearing the $1 billion milestone. This success could positively impact Disney (DIS) and movie theater companies like AMC Entertainment (AMC) and Cinemark Holdings (CNK). Upcoming releases like 'Deadpool & Wolverine' are also expected to boost revenues.

Portfolio Pulse from Chris Katje

June 24, 2024 | 6:44 pm

AMZN

INTC

NVDA

Crypto venture capitalist Andrew Kang compared Ethereum to tech stocks, suggesting its current valuation and growth prospects resemble past tech bubbles. He believes Ethereum's trajectory mirrors Intel's, with slower innovation and fierce competition leading to lower growth rates and valuations. Kang also expressed skepticism about the ability of support levels to hold in the face of potential market disruptions.

Portfolio Pulse from Khyathi Dalal

June 24, 2024 | 6:34 pm

LLY

RMD

ResMed, Inc. (NYSE:RMD) shares are trading lower after Eli Lilly and Company (NYSE:LLY) released positive data from its SURMOUNT-OSA phase 3 clinical trial for tirzepatide, a potential treatment for obstructive sleep apnea. The trial showed significant efficacy, posing a competitive threat to ResMed's sleep apnea products.

Portfolio Pulse from Dylan Berman

June 24, 2024 | 6:33 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has outperformed the market over the past 5 years with an average annual return of 27.46%, significantly higher than the market average. A $100 investment in BJ stock 5 years ago would now be worth $335.39. The company currently has a market capitalization of $11.74 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 6:30 pm

NEE

NextEra Energy (NYSE:NEE) has significantly outperformed the market over the past 20 years, delivering an average annual return of 11.85%. A $1000 investment in NEE 20 years ago would be worth $9,264.74 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 6:30 pm

LLY

NVO

Eli Lilly (NYSE:LLY) may benefit from supply issues at competitor Novo Nordisk (NYSE:NVO) due to recent fires at Novo Nordisk's facilities. Reddit users speculate on a potential stock split for Eli Lilly and highlight upcoming FDA approval for an Alzheimer's drug and a new $10 billion plant construction.

Portfolio Pulse from Surbhi Jain

June 24, 2024 | 6:08 pm

MNST

Monster Beverage (NASDAQ:MNST) has significantly outperformed the market over the past decade, delivering an average annual return of 15.52%. A $100 investment in MNST 10 years ago would be worth $417.84 today. The company's current market capitalization is $48.74 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 6:00 pm

JLL

Jones Lang LaSalle (NYSE:JLL) has outperformed the market over the past 20 years with an average annual return of 10.69%, surpassing the market by 2.51% annually. A $1000 investment in JLL 20 years ago would be worth $7,633.21 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 6:00 pm

AAPL

AMD

AVGO

GOOGL

INTC

META

MRVL

MSFT

NVDA

ORCL

Nvidia is dominating the GPU market as generative AI adoption grows, with nearly half of enterprises implementing GenAI. Microsoft and OpenAI are seen as the most strategic AI vendors, while interest in Google Cloud, Meta, and Oracle is increasing. Nvidia leads the GPU market with over 70% share, followed by AMD and Intel. Broadcom is the leader in networking for enterprise adoption. Apple devices are expected to grow in enterprise use.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 5:59 pm