Streetbeat News

Revenues

ORCL

Oracle Corporation (NYSE:ORCL) shares are trading flat ahead of its Q4 and fiscal year 2024 results, which will be released on June 11. The company will host a conference call and webcast to discuss the results. Oracle's Q3 revenue increased by 7% year-over-year to $13.3 billion, missing the consensus estimate, but its earnings per share beat expectations. Recently, Oracle announced that Charleston Area Medical Center has adopted its Health RevElate Patient Accounting system, and it plans to open two Oracle Cloud Regions in Morocco.

Portfolio Pulse from Lekha Gupta

June 10, 2024 | 2:56 pm

BA

LUV

Elliott Investment Management criticizes Southwest Airlines' outdated strategies and poor execution, promising a 77% stock return potential if changes are made. Elliott's $1.9 billion stake and the letter to the Board of Directors have boosted investor confidence, sending the stock price higher. The letter calls for new leadership and a comprehensive business review.

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 2:48 pm

BVN

Buenaventura has resumed ore processing operations at its El Brocal mine and expects to meet its production targets for Q3 and the full year 2024.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:47 pm

TMHC

Taylor Morrison Home (NYSE:TMHC) has outperformed the market over the past 5 years, delivering an average annual return of 22.04%. A $1000 investment in TMHC 5 years ago would be worth $2,722.63 today. The company currently has a market capitalization of $5.86 billion.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:31 pm

ABBV

AbbVie (NYSE:ABBV) has outperformed the market over the past 10 years, delivering an average annual return of 12.01%. A $1000 investment in ABBV 10 years ago would be worth $3,124.63 today. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:31 pm

COST

FSTA

GM

XLP

Costco Wholesale Corporation (NASDAQ:COST) shares are trading flat today despite reporting strong sales growth for May and the first 39 weeks of FY24. The company also beat Q3 FY24 revenue and EPS estimates. Additionally, General Motors (NYSE:GM) is leveraging the Costco Auto Program for its EVs. Investors can gain exposure to Costco via SPDR Select Sector Fund – Consumer Staples (NYSE:XLP) and Fidelity MSCI Consumer Staples Index ETF (NYSE:FSTA).

Portfolio Pulse from Lekha Gupta

June 10, 2024 | 2:28 pm

DSY

GME

HOVR

KWE

PERI

SIFY

TNXP

US stocks traded mixed on Monday with the Nasdaq Composite falling around 50 points. The Dow and S&P 500 saw slight gains. Notable stock movements included Perion Network Ltd. (PERI) dropping 28% after cutting its revenue outlook, and GameStop Corp. (GME) falling 4% following a significant drop last Friday. Big Tree Cloud Holdings Limited (DSY), KWESST Micro Systems Inc. (KWE), and New Horizon Aircraft Ltd. (HOVR) saw substantial gains.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 2:13 pm

FLNC

Fluence Energy, Inc. (NASDAQ:FLNC) and TransnetBW GmbH have commenced construction on Germany's first and largest battery-based energy storage system, which will be a critical part of the country's transmission network infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:03 pm

META

Meta Platforms (NASDAQ:META) has significantly outperformed the market over the past decade, delivering an average annual return of 22.66%. A $1000 investment in META 10 years ago would be worth $7,732.20 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:01 pm

GD

General Dynamics (NYSE:GD) has outperformed the market over the past 20 years with an average annual return of 9.4%, resulting in a $1000 investment growing to $6,032.42. The company currently has a market capitalization of $82.18 billion.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:01 pm