Streetbeat News

Revenues

CHWY

Chewy shares are trading higher due to an increase in retail purchases at online outlets in May.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:53 pm

LOVE

RH

W

Shares of some furniture stocks are trading lower after retail sales at furniture and home furnishing outlets fell in May.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:52 pm

GOOG

GOOGL

META

The article discusses how some advertisers are seeking bargains on X (formerly Twitter), but this may not be sufficient to address broader challenges. The article also mentions competitors like Google (GOOG, GOOGL) and Meta (META).

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:48 pm

AMZN

WMT

Walmart has launched Walmart+ Week to compete with Amazon Prime, offering a membership program with various perks at a lower cost. This move intensifies the competition between Walmart and Amazon for market share.

Portfolio Pulse from Aaron Bry

June 18, 2024 | 6:47 pm

EXC

ComEd has announced that it has interconnected over 1 gigawatt of distributed energy resources to the grid in Northern Illinois. This development is significant for the region's energy infrastructure and sustainability efforts.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:35 pm

TMUS

T-Mobile US (NASDAQ:TMUS) has significantly outperformed the market over the past decade, delivering an average annual return of 18.38%. A $1000 investment in TMUS 10 years ago would now be worth $5,356.02. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 6:30 pm

IDXX

IDEXX Laboratories (NASDAQ:IDXX) has significantly outperformed the market over the past 10 years, delivering an average annual return of 22.31%. A $1000 investment in IDXX 10 years ago would be worth $7,592.67 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 6:30 pm

C

Citi CFO Mark Mason highlighted the importance of the services business as a gateway to the bank's offerings and emphasized a focus on improving returns in the wealth business. He also mentioned that outside hires are strengthening the franchise.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:21 pm

SNAP

Snap Inc (NYSE:SNAP) announced new augmented reality experiences and an upgrade to its developer program, Lens Studio, incorporating generative AI. This move aims to enhance user engagement and improve advertising monetization.

Portfolio Pulse from Hayden Buckfire

June 18, 2024 | 6:17 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) shares are rising after the company announced the addition of three new manufacturing facilities focused on liquid-cooled solutions. The company expects significant growth in liquid-cooled data centers due to increasing AI factory demands.

Portfolio Pulse from Dylan Berman

June 18, 2024 | 6:15 pm