Streetbeat News

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ORCL

Oracle Corp (NYSE:ORCL) is set to report its Q4 results, with 73% of datapoints being positive according to JMP Securities. Analyst Patrick Walravens maintained a Market Perform rating, highlighting the importance of Oracle's Cloud Infrastructure. Oracle's Gen2 Infrastructure Services saw a 52% YoY revenue increase last quarter. The stock has risen 18% YTD.

Portfolio Pulse from Priya Nigam

June 11, 2024 | 2:48 pm

CEG

Constellation Energy's CEO has indicated that data centers could drive an additional 10 to 20 gigawatts of demand in the PJM Interconnection region in the coming years.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:47 pm

CEG

Constellation Energy's CEO anticipates an increase in large AI-focused data centers coming online in the next three years.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:45 pm

ASO

Academy Sports And Outdoors Inc (NASDAQ:ASO) shares are trading lower after reporting worse-than-expected first-quarter FY24 earnings. The company missed analyst estimates on sales and EPS, and saw declines in comparable sales, gross margin, and operating income. Despite this, ASO reiterated its FY24 sales and net income guidance, and raised its EPS outlook. The company also declared a quarterly cash dividend and plans to open 15-17 new stores in 2024.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 2:44 pm

MRK

Merck is focusing on second and third-generation opportunities in cardiometabolic drugs, particularly small molecule orals over injectables, as stated by an executive at a Goldman Sachs conference.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:42 pm

CI

Cigna's CFO stated that the company expects a return to pre-pandemic seasonality in its medical care ratio this year, as discussed at the Goldman Sachs conference.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:42 pm

WAB

Westinghouse Air Brake (NYSE:WAB) has significantly outperformed the market over the past 20 years, delivering an average annual return of 15.57%. A $100 investment in WAB 20 years ago would be worth $1,850.28 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 2:30 pm

NSC

Norfolk Southern (NYSE:NSC) has significantly outperformed the market over the past 20 years, delivering an average annual return of 13.9%. A $100 investment in NSC 20 years ago would be worth $1,346.83 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 2:30 pm

CI

Cigna's CFO has indicated that the company anticipates a significant wave of drug innovation over the next decade, as stated during the Goldman Sachs conference.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:21 pm

CI

Cigna's CFO announced that the company expects significant growth in its Select Segment within the Cigna Healthcare portfolio, as stated during the Goldman Sachs conference.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:15 pm