Streetbeat News

Revenues

AR

Antero Resources (NYSE:AR) has seen a 7.14% decrease in its short percent of float, now at 4.55% with 11.10 million shares sold short. This is lower than the peer group average of 7.56%. The decline in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 4:45 pm

COST

Costco is expanding into the advertising business by leveraging its shopper data. This move aims to create a new revenue stream and enhance its marketing capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:42 pm

AVGO

GOOG

HACK

META

TRFK

TSM

Broadcom Inc (NASDAQ:AVGO) has seen significant growth, becoming the second-largest AI chip supplier after Nvidia, thanks to partnerships with Google and Meta. JPMorgan analyst Harlan Sur reiterated an Overweight rating on Broadcom with a price target of $1,700. Broadcom expects substantial AI-related revenues in 2024 and 2025, driven by deals with Google and Meta. However, potential price increases from Taiwan Semiconductor Manufacturing Co (NYSE:TSM) could impact margins. Investors can gain exposure to Broadcom through ETFs like Amplify Cybersecurity ETF (NYSE:HACK) and Pacer Data And Digital Revolution ETF (NYSE:TRFK).

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 4:32 pm

WBD

Warner Bros. Discovery (WBD) is negotiating for a fourth NBA media-rights package, which could include regular-season and playoff games. This move aims to maintain TNT's long-standing relationship with the NBA and ensure the survival of its popular 'Inside the NBA' show. WBD is also dealing with significant debt and aims to avoid overpaying for the rights.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:31 pm

CROX

Crocs (NASDAQ:CROX) has significantly outperformed the market over the past 10 years, delivering an average annual return of 25.81%. A $1000 investment in CROX 10 years ago would be worth $9,825.47 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 4:30 pm

HD

Home Depot (NYSE:HD) has significantly outperformed the market over the past 15 years, delivering an average annual return of 19.04%. A $100 investment in HD stock 15 years ago would be worth $1,361.41 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 4:30 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are trading higher as the company hosts its fourth AIPCon event, showcasing customer success with its AI platform. New customers will present their use cases, and Palantir will announce a new developer community. The stock has gained over 36% year-to-date, driven by strong commercial and government revenue growth.

Portfolio Pulse from Adam Eckert

June 06, 2024 | 4:25 pm

LYFT

Lyft, Inc. (NASDAQ:LYFT) shares are trading higher after the company provided optimistic 2027 financial targets ahead of its Investor Day. The company anticipates a 15% CAGR in gross bookings from 2024 to 2027, a 4% Adjusted EBITDA margin in 2027, and a free cash flow conversion rate exceeding 90% annually from 2025 to 2027. Lyft also maintains its previously announced outlook for the second quarter and 2024.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 4:17 pm

SNPS

Synopsys (NASDAQ:SNPS) has significantly outperformed the market over the past 5 years, delivering an average annual return of 35.4%. A $100 investment in SNPS 5 years ago would now be worth $454.86. The company's current market capitalization is $87.97 billion.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 4:00 pm

WSM

Williams-Sonoma (NYSE:WSM) has outperformed the market over the past 20 years with an average annual return of 12.0%, significantly growing an initial $100 investment to $972.92. The company currently has a market capitalization of $19.17 billion.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 4:00 pm