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Revenues

NOC

Northrop Grumman's B-21 Raider, the world's first sixth-generation aircraft, is on track to meet its key performance parameter for Average Procurement Unit Cost of $550 million in Base Year 2010 dollars. The aircraft is performing as expected in flight tests, and the government has fixed price production options for the first 21 aircraft, with additional pricing negotiations for 19 more.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:21 pm

KBH

KB Home has projected its average selling price for 2024 to be in the range of $485,000 to $495,000.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:11 pm

KBH

KB Home has provided its guidance for the 2024 fiscal year, projecting housing revenues between $6.70 billion and $6.90 billion, with an average selling price of $485,000 to $495,000. The company expects homebuilding operating income as a percentage of revenues to be between 11.0% and 11.4%, and a housing gross profit margin of 21.1% to 21.5%. Selling, general, and administrative expenses are projected to be approximately 10.1% of housing revenues, with an effective tax rate of around 23.0%. The ending community count is expected to be between 250 and 255.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:11 pm

ESEA

Euroseas Ltd. (NASDAQ:ESEA) has announced a time charter contract for its new fuel-efficient 1,800 teu feeder containership, M/V Pepi Star, for 23-25 months at a daily rate of $24,250. The vessel is expected to be delivered on July 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:06 pm

AVGO

MRVL

NVDA

Steve Cohen's Point72 Asset Management is launching a new hedge fund focused on AI stocks, aiming to raise $1 billion. The fund will invest in and bet against AI hardware and semiconductor companies like Nvidia, Broadcom, and Marvell Technology. Managed by Eric Sanchez, the fund is expected to start operations late this year or early 2025.

Portfolio Pulse from Vaishali Prayag

June 18, 2024 | 8:06 pm

BTCUSD

SMH

SPY

Retail sales have declined, while chip stocks continue to rise. Bitcoin has fallen below $65,000.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:03 pm

TOL

Toll Brothers (NYSE:TOL) has significantly outperformed the market over the past 5 years, delivering an average annual return of 26.43%. A $1000 investment in TOL 5 years ago would now be worth $3,233.61. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 8:00 pm

ZTS

Zoetis (NYSE:ZTS) has outperformed the market over the past 10 years with an average annual return of 18.04%, surpassing the market by 7.14% annually. A $100 investment in ZTS 10 years ago would be worth $520.85 today. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 8:00 pm

ENSG

Ensign Group (NASDAQ:ENSG) has significantly outperformed the market over the past 10 years, delivering an average annual return of 23.76%. A $100 investment in ENSG 10 years ago would now be worth $835.62. The company's current market capitalization is $6.95 billion.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 7:30 pm

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) has significantly outperformed the market over the past 20 years, delivering an average annual return of 20.87%. A $1000 investment in VRTX 20 years ago would be worth $43,703.36 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 7:30 pm