Streetbeat News

Revenues

WSO

Watsco (NYSE:WSO) has significantly outperformed the market over the past 20 years, delivering an average annual return of 15.53%. A $100 investment in WSO 20 years ago would be worth $1,767.52 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 2:32 pm

SPY

USO

The EIA reported a build of 0.881 million barrels in distillate stocks, higher than the estimated build of 0.500 million barrels and lower than the prior build of 3.197 million barrels.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:30 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for June 12th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels and potential movements for each asset, emphasizing the importance of monitoring these stocks for breakouts or reversals. The memo also highlights the significance of the upcoming CPI data release and the FOMC Interest Rate Decision, which could lead to heightened market volatility.

Portfolio Pulse from RIPS

June 12, 2024 | 2:23 pm

AAPL

MSFT

NVDA

Apple's AI strategy unveiled at WWDC 2024 has excited analysts, predicting a significant upgrade cycle for 270 million iPhones and a new AI App Store. Analysts believe Apple, Nvidia, and Microsoft are leading the race to a $4 trillion market cap.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 2:20 pm

ABBV

Abbvie executive announced that the company expects a decline in Humira revenue in 2025.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 2:17 pm

ARRY

IWM

KRE

OPEN

RUN

TAN

VNQ

XBI

XHB

XLB

A cooler-than-expected U.S. inflation report has led to a rally in small caps, real estate, and regional banks, with traders anticipating potential Fed rate cuts. The iShares Russell 2000 ETF (IWM) saw a significant rise, along with sector-specific ETFs like VNQ, XLB, XHB, TAN, KRE, and XBI. Top-performing stocks included Sunrun Inc. (RUN), Array Technologies Inc. (ARRY), and Opendoor Technologies Inc. (OPEN).

Portfolio Pulse from Piero Cingari

June 12, 2024 | 2:09 pm

CCL

NCLH

RCL

Carnival Corp (NYSE:CCL) has resumed operations at the Port of Baltimore after the U.S. Coast Guard reopened the Fort McHenry Channel. The port was closed due to a Maersk containership accident that caused the collapse of the Francis Scott Key Bridge. Carnival Pride resumed sailings on May 26, and shares of Carnival climbed 2.7% in pre-market trading. Royal Caribbean Group (NYSE:RCL) and Norwegian Cruise Line Holdings (NYSE:NCLH) also operate from the Port of Baltimore.

Portfolio Pulse from Michael Juliano

June 12, 2024 | 2:06 pm

IRM

Iron Mountain (NYSE:IRM) has significantly outperformed the market over the past 5 years, delivering an average annual return of 22.63%. A $100 investment in IRM 5 years ago would be worth $276.41 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 2:01 pm

DPZ

Domino's Pizza (NYSE:DPZ) has significantly outperformed the market over the past 15 years, delivering an average annual return of 32.42%. A $1000 investment in DPZ 15 years ago would be worth $69,117.04 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 2:01 pm

ITCI

Intra-Cellular Therapies (NASDAQ: ITCI) has received varied analyst ratings over the past three months, with a majority being bullish. The average 12-month price target has increased to $91.57, reflecting a positive outlook. The company has shown significant revenue growth but faces challenges in profitability and return metrics.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 2:01 pm