Streetbeat News

Revenues

SPY

Federal Reserve's Barkin states that consumer spending remains solid, supported by a strong job market and record-level stock market.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:21 pm

CRMT

America’s Car-Mart Inc (NASDAQ:CRMT) shares are down after reporting worse-than-expected Q4 EPS and a sales decline. Despite beating revenue estimates, the company saw a decrease in retail units sold and same-store revenue. EPS missed estimates significantly.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 2:18 pm

TSM

TSMC shares are trading higher following a report suggesting the company may increase 3nm and advanced packaging prices.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:13 pm

BTCUSD

DOGEUSD

ETHUSD

Dogecoin experienced a significant 10% price drop, leading to $60 million in long trades being liquidated. This event was part of a broader sell-off in major cryptocurrencies, with Bitcoin and Ethereum also seeing substantial liquidations. The downturn is attributed to profit-taking and a stronger dollar, as well as expectations of a Fed rate cut prompting investors to move away from risky assets.

Portfolio Pulse from Murtuza Merchant

June 18, 2024 | 2:07 pm

OMGA

Omega Therapeutics (NASDAQ:OMGA) has received mixed ratings from 6 analysts over the past three months, with a majority being bullish. The average 12-month price target is $9.83, down 4.1% from the previous $10.25. Analysts have adjusted their ratings and price targets based on recent developments. Omega Therapeutics is a biotechnology company focused on epigenetic medicines, showing strong revenue growth but facing challenges with high debt and low ROE.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:01 pm

OC

Owens-Corning (NYSE:OC) has significantly outperformed the market over the past 15 years, delivering an average annual return of 19.29%. A $1000 investment in OC 15 years ago would be worth $14,977.04 today. The company currently has a market capitalization of $15.35 billion.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:00 pm

TPR

The article provides an in-depth analysis of Tapestry (NYSE:TPR) based on recent analyst ratings. Over the past 30 days, Tapestry received 5 ratings: 1 bullish and 4 somewhat bullish. Analysts have adjusted their 12-month price targets, with an average target of $52.8, slightly lower than the previous $53.6. Key analysts from Argus Research, JP Morgan, Baird, and Telsey Advisory Group have maintained or lowered their ratings and price targets. Tapestry's financial performance shows strong profitability and effective cost management, but concerns arise from its high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:00 pm

LLY

Eli Lilly and Co (NYSE:LLY) has significantly outperformed the market over the past 10 years, with an annualized return of 30.51%. A $1000 investment in LLY 10 years ago would be worth $14,302.72 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:00 pm

RDDT

27 analysts have shared their evaluations of Reddit (NYSE:RDDT) over the past three months, with a mix of bullish and bearish perspectives. The average 12-month price target has increased to $55.93, up 2.85% from the previous target. Analysts have recently raised their price targets, reflecting positive sentiment towards Reddit's financial performance, including a 48.38% revenue growth rate as of March 31, 2024.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:00 pm

SPY

USA Business Inventories for April increased by 0.3% month-over-month, matching the estimated growth and improving from the previous month's decline of 0.1%.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:00 pm