Streetbeat News

Revenues

TPC

Tutor Perini's subsidiary, Lunda Construction, has been awarded a $53.6 million contract for the Kellogg/3rd Street Bridge replacement project by the City of St. Paul. Construction is set to begin in Q3 2024 and is expected to be completed by Fall 2027.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 6:35 pm

EXP

Eagle Materials (NYSE:EXP) has significantly outperformed the market over the past 15 years, delivering an average annual return of 15.63%. A $1000 investment in EXP 15 years ago would be worth $9,075.90 today. The company's current market capitalization is $7.74 billion.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:30 pm

REGN

Regeneron Pharmaceuticals (NASDAQ:REGN) has significantly outperformed the market over the past 20 years, delivering an average annual return of 26.02%. A $100 investment in REGN 20 years ago would be worth $10,199.27 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:30 pm

HES

MPC

SLB

XLE

XOM

Crude oil prices surged past $81 per barrel, eyeing the highest close in 7 weeks, driven by a larger-than-expected drop in U.S. crude oil inventories. Energy stocks and ETFs, including XLE, HES, SLB, MPC, and XOM, saw significant gains.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 6:17 pm

SPCB

SuperCom shares are trading higher following the announcement of receiving orders from European governments worth over $3 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 6:12 pm

FCX

Freeport-McMoRan (NYSE:FCX) has significantly outperformed the market over the past 5 years, delivering an average annual return of 33.98%. A $1000 investment in FCX 5 years ago would now be worth $4,317.46. The company's current market capitalization is $69.67 billion.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:00 pm

HWM

Howmet Aerospace (NYSE:HWM) has significantly outperformed the market over the past 5 years, delivering an average annual return of 33.55%. A $1000 investment in HWM 5 years ago would now be worth $4,263.94. The company's market capitalization is currently $32.92 billion.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:00 pm

LYRA

Lyra Therapeutics (NASDAQ:LYRA) has received mixed ratings from analysts, with a notable decrease in the average 12-month price target by 43.69%. Analysts have provided a range of price targets from $0.50 to $12.00, reflecting varied expectations. The company's financial metrics show positive revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:00 pm

RMD

ResMed's short interest has decreased by 3.28%, with 9.87 million shares sold short, representing 7.67% of its float. This is higher than the peer group average of 4.79%. It would take traders 11.87 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:00 pm

GOOGL

TSLA

RBC Capital Markets lowered its price target on Tesla (TSLA) due to a reduced valuation of its robotaxi segment. Despite this, Tesla's upcoming Robotaxi Day is expected to reignite interest in the autonomous vehicle market, particularly benefiting Alphabet's (GOOGL) Waymo. Tesla's robotaxi segment remains a significant valuation driver, and analysts are keenly watching the revenue share strategies.

Portfolio Pulse from Erica Kollmann

June 20, 2024 | 5:54 pm