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Revenues

SHOP

Shopify Inc (NYSE:SHOP) has expanded its AI-powered tools, including the Sidekick assistant and an image-generation feature, to more users. This initiative aims to enhance Shopify’s e-commerce platform and drive revenue growth. Despite recent challenges, including high inflation and uncertain consumer spending, Shopify continues to invest heavily in R&D and marketing. The company reported a 23% year-over-year revenue growth for fiscal Q1 2024 and expects high-teens percentage growth for Q2.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 5:11 pm

EADSY

Airbus is facing ongoing supply chain issues, leading to a reduction in its full-year commercial aircraft deliveries to 770 from 800. The company will record €0.9 billion in charges in the first half of 2024 and has delayed the ramp-up of A320 production to 75 units per month by one year. Despite these challenges, Airbus targets an adjusted EBIT of €5.5 billion.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:07 pm

PARA

PARAA

Paramount Global announced that the price of Paramount+ with Showtime will increase by $1 to $12.99/month, and Paramount+ Essential will rise by $2 to $7.99/month for new subscribers.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:02 pm

ALGOUSD

COIN

DOTUSD

KSMUSD

SKLUSD

XTZUSD

The article discusses the benefits and risks of staking and restaking cryptocurrencies for high yields. It highlights that staking involves locking up cryptocurrency to earn interest, while restaking allows staking the same tokens on multiple blockchains for potentially higher returns. The article mentions several cryptocurrencies and platforms involved in staking and restaking, including Kelp DAO, Algorand, Polkadot, and EigenLayer.

Portfolio Pulse from Kenneth Rapoza

June 24, 2024 | 5:02 pm

UPS

In the last three months, 18 analysts have shared their evaluations of United Parcel Service (NYSE:UPS), revealing diverse outlooks from bullish to bearish. The average 12-month price target is $156.0, with a high of $180.00 and a low of $100.00. Recent analyst actions include both upgrades and downgrades, reflecting mixed sentiments. UPS has faced a revenue decline of -5.32% over the past three months but maintains strong financial health with high net margins, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 5:00 pm

MMC

Marsh & McLennan (NYSE:MMC) has outperformed the market over the past 20 years with an average annual return of 11.93%, resulting in a $1000 investment growing to $9,525.56. The company currently has a market capitalization of $105.64 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 5:00 pm

EOG

EOG Resources (NYSE:EOG) has significantly outperformed the market over the past 20 years, delivering an average annual return of 11.15%. A $1000 investment in EOG 20 years ago would be worth $8,367.78 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 5:00 pm

APA

BKR

OXY

SLB

XOM

Shares of several oil and gas companies are trading higher due to a rise in crude prices, driven by potential demand and growing tension in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 4:51 pm

NFLX

TCEHY

Netflix has acquired the international rights to Tencent's Chinese series 'See Her Again,' marking a rare pre-buy move. This acquisition highlights Netflix's continued focus on Asian content following the success of series like 'Squid Game.'

Portfolio Pulse from Chris Katje

June 24, 2024 | 4:46 pm

ARGX

Argenx SE (NASDAQ: ARGX) saw its stock rise by 12% following FDA approval of its drug Vyvgart Hytrulo for treating chronic inflammatory demyelinating polyneuropathy (CIDP). The drug, which is the first neonatal Fc receptor blocker approved for CIDP, showed significant clinical improvement in patients. The company projects substantial revenue growth from this approval.

Portfolio Pulse from Vandana Singh

June 24, 2024 | 4:43 pm