Streetbeat News

Revenues

MOH

Molina Healthcare (NYSE:MOH) has significantly outperformed the market over the past 15 years, delivering an average annual return of 21.84%. A $100 investment in MOH 15 years ago would be worth $2,035.41 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:00 pm

ANET

Arista Networks (NYSE:ANET) has significantly outperformed the market over the past 10 years, delivering an average annual return of 35.72%. A $100 investment in ANET 10 years ago would be worth $2,128.16 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:00 pm

EIPX

HJEN

BP p.l.c. (NYSE:BP) is acquiring Bunge Global SA's (NYSE:BG) 50% stake in their joint venture, BP Bunge Bioenergia S.A., for $1.4 billion. This move will consolidate BP's control over the venture, enhancing its biofuels production capacity and supporting its strategic growth in bioenergy. Bunge expects net proceeds of $800 million from the sale.

Portfolio Pulse from Lekha Gupta

June 20, 2024 | 3:54 pm

RNA

Avidity Biosciences (NYSE:RNA) has seen a 4.33% decrease in its short percent of float, now at 14.81%. This indicates a more bullish sentiment compared to its peers, whose average short interest is 15.21%. It would take traders 10.83 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:45 pm

CMC

SLX

XME

Commercial Metals Company (NYSE:CMC) shares surged after reporting better-than-expected Q3 FY24 net sales of $2.078 billion. The company highlighted strong fundamentals in North American markets and stable performance in Europe. Adjusted EPS was in line with expectations, and the company declared a 13% Y/Y increase in its quarterly dividend. CMC also repurchased $51.8 million worth of stock. Investors can gain exposure via VanEck Steel ETF (NYSE:SLX) and SPDR S&P Metals & Mining ETF (NYSE:XME).

Portfolio Pulse from Lekha Gupta

June 20, 2024 | 3:37 pm

BALL

Ball Corporation (NYSE:BALL) has outperformed the market over the past 20 years with an average annual return of 9.95%, resulting in a $1000 investment growing to $6,723.43. The company currently has a market capitalization of $19.25 billion.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:30 pm

CDW

CDW (NASDAQ:CDW) has significantly outperformed the market over the past 10 years, delivering an average annual return of 21.79%. A $100 investment in CDW 10 years ago would be worth $728.65 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:30 pm

Micron Technology (NASDAQ:MU) faces delays in its semiconductor fab project in Syracuse, NY due to environmental issues involving endangered bat species. The project, which aims to create 9,000 jobs, is now pushed to 2025. Despite this, analysts remain optimistic about Micron's Q4 performance due to strong DRAM and NAND pricing.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 3:28 pm

ADBE

CRWD

DELL

MSFT

NOW

NTAP

NVDA

SAP

SNOW

SNPS

Bank of America analyst Vivek Arya maintains a positive outlook on Nvidia (NVDA), citing strong fundamentals and attractive valuations despite recent stock volatility. Nvidia's growth is driven by generative AI hardware deployment, new AI systems, and increasing on-premise AI demand. The company is also expanding its software services, with significant partnerships across various sectors.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 3:04 pm

GRTUSD

The Graph's (GRT) price increased by 4.38% in the past 24 hours to $0.23, despite a 9.0% loss over the past week. The trading volume has decreased by 19.0%, while the circulating supply has risen by 0.68%. The current market cap is $2.15 billion, ranking it #50.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 3:02 pm