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AMC

CMCSA

DIS

Disney is banking on upcoming releases 'Inside Out 2,' 'Moana 2,' and 'Deadpool & Wolverine' to recover from a disappointing box office performance in 2023. These films are expected to boost Disney's financials and also benefit theater chains like AMC.

Portfolio Pulse from Chris Katje

June 13, 2024 | 10:45 pm

FRHC

Freedom Holding (FRHC) reported a significant increase in its FY24 revenue, reaching $1.6 billion, up 105% from $796 million last year. The company's EPS also rose to $6.33 from $3.45 in the prior year.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:33 pm

LNW

Light & Wonder has announced that it remains on track to achieve its $1.4 billion consolidated AEBITDA target for 2025.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:29 pm

ALL

PGR

South Florida is experiencing rising flood waters due to persistent torrential rains, leading to a state of emergency declared by Governor Ron DeSantis. The impact on major insurance providers like Progressive Corporation and Allstate Corporation is still uncertain, with their stocks showing little change. The region is also facing an above-average hurricane season, which could further strain the insurance sector.

Portfolio Pulse from Michael Juliano

June 13, 2024 | 9:16 pm

RH

RH (NYSE:RH) shares fell after the company reported Q1 financial results. The company posted a quarterly loss of 40 cents per share, missing the analyst consensus estimate of a 12-cent loss. Quarterly sales were $726.96 million, slightly above estimates but down 1.65% year-over-year. Despite positive demand trends, the company cited challenges due to high interest rates. RH forecasts demand and revenue growth for Q2 and the full year.

Portfolio Pulse from Erica Kollmann

June 13, 2024 | 9:05 pm

TDY

Teledyne Technologies (NYSE:TDY) has significantly outperformed the market over the past 15 years, delivering an average annual return of 17.3%. A $100 investment in TDY 15 years ago would be worth $1,102.12 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 9:01 pm

RH

RH is forecasting to end the year with an increased backlog of approximately $110M-$130M due to revenue lagging demand throughout fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:46 pm

RH

RH expects demand growth of 12%-14% and revenue growth of 8%-10% on a 52-week basis. The company forecasts an adjusted operating margin of 13%-14% and an adjusted EBITDA margin of 18%-19%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:46 pm

RH

RH forecasts Q2 demand growth of 9%-10% and revenue growth of 3%-4%. The company also expects adjusted operating margin to be 11%-12% and adjusted EBITDA margin to be 17%-18%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:44 pm

AVGO

NVDA

PARA

SMCI

TSLA

WBD

XLC

XLE

XLK

XLRE

The Nasdaq 100 and S&P 500 closed at record highs, driven by gains in tech stocks. The Nasdaq 100 rose 0.6% to 19,576 points, while the S&P 500 increased 0.2% to 5,433 points. Treasury Secretary Janet Yellen's optimistic comments on disinflation and a strong job market boosted investor confidence. The market is pricing in a high probability of rate cuts by the end of the year. Technology and real estate sectors led the gains, while energy and communication services lagged.

Portfolio Pulse from Piero Cingari

June 13, 2024 | 8:35 pm