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Revenues

MELI

MercadoLibre plans to increase its investments in Brazil in 2024, surpassing the initial plan of 23 billion reais.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:19 pm

APA

EIPX

TTE

TotalEnergies (TTE) and APA Corporation (APA) are nearing a Final Investment Decision (FID) for developing offshore Block 58 in Suriname, expected in Q4 2024. Production is set to begin in 2028, with significant advancements in engineering studies and resource estimation. Investors can gain exposure via the First Trust ETF (EIPX).

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 3:17 pm

CPB

Campbell Soup Company (NYSE:CPB) reported a 6% YoY net sales growth for Q3 fiscal 2024, beating expectations. The Meals & Beverages segment saw a 15% increase, while Snacks declined by 2%. Adjusted EPS was $0.75, surpassing the consensus of $0.70. The company updated its fiscal 2024 guidance, expecting adjusted EPS of $3.07-$3.10 and sales growth of 3%-4%. CPB shares are trading lower by 1.63%.

Portfolio Pulse from Akanksha Bakshi

June 05, 2024 | 3:03 pm

BYDDF

BYDDY

TSLA

BYD's battery unit, FinDreams, will start supplying cells to Tesla's energy storage division in China from Q1 next year. FinDreams is expected to supply over 20% of the cells for Tesla's Shanghai Megafactory, which has an annual capacity of 40 GWh.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 3:03 pm

FIS

PYPL

The article provides a comparative analysis of Fiserv (NYSE:FI) against its major competitors in the Financial Services industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are evaluated. Fiserv shows potential undervaluation based on P/E and P/B ratios but may be overvalued based on P/S ratio. The company has strong EBITDA and gross profit but lower ROE and revenue growth compared to industry averages.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

COST

The article provides an in-depth analysis of Costco Wholesale (NASDAQ:COST) compared to its competitors in the Consumer Staples Distribution & Retail industry. It highlights key financial metrics, market position, and growth prospects, indicating that Costco is trading at a premium but faces challenges in profitability and revenue growth.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

MGNI

In the last three months, 12 analysts have published ratings on Magnite (NASDAQ:MGNI), with a majority being bullish. The average 12-month price target has increased to $16.12, reflecting a 4.81% rise. Analysts have raised their price targets, indicating positive sentiment towards the stock. Magnite has shown a positive revenue growth rate of 14.73% but faces challenges with profitability and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

AMAT

ASML

KLAC

LRCX

TER

The article provides a comprehensive analysis of Lam Research (NASDAQ:LRCX) and its primary competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics, market position, and growth prospects are evaluated, highlighting Lam Research's strong financial performance and growth potential.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has significantly outperformed the market over the past 15 years, with an annualized return of 27.5%. A $100 investment in CMG 15 years ago would be worth $3,728.45 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm

ADI

Analog Devices (NASDAQ:ADI) has outperformed the market over the past 5 years, delivering an average annual return of 17.23%. A $100 investment in ADI 5 years ago would be worth $218.51 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 3:00 pm