Streetbeat News

Revenues

SPY

The ISM Non-Manufacturing Employment Index for May came in at 47.1, slightly below the expected 47.2 and higher than the previous month's 45.9.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:01 pm

AMZN

CMCSA

DIS

The NBA is nearing a $76 billion TV deal with NBC, ESPN, and Amazon, which will span 11 years and include regular-season and playoff games, as well as the new NBA in-season tournament and 'play-in' games. NBC, ESPN, and Amazon are expected to pay significant annual fees, with the deals set to begin after the 2024-2025 season.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 2:01 pm

NFLX

Netflix (NASDAQ:NFLX) has significantly outperformed the market over the past 20 years, with an annualized return of 28.52%. A $100 investment in NFLX 20 years ago would be worth $15,124.50 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 2:00 pm

VRA

Over the past three months, 5 analysts have evaluated Vera Bradley (NASDAQ:VRA), all maintaining a bullish outlook with a consistent price target of $10.00. Despite a negative revenue trend and below-industry benchmarks in market capitalization and ROA, the company shows strong net margins and prudent debt management.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 2:00 pm

VEEV

Veeva Systems (NYSE:VEEV) has significantly outperformed the market over the past 10 years, delivering an average annual return of 23.62%. A $100 investment in VEEV 10 years ago would now be worth $828.19. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 2:00 pm

CNM

Over the past three months, 10 analysts have evaluated Core & Main (NYSE:CNM), with a mix of bullish, somewhat bullish, and indifferent ratings. The average 12-month price target has increased by 12.65% to $57.7. Key analysts have adjusted their ratings and price targets, reflecting their evolving views on the company's performance. Core & Main is a specialty distributor in the water, wastewater, storm drainage, and fire protection sectors, with notable revenue growth but challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 2:00 pm

ASML

INTC

SMH

SOXX

TSM

ASML Holding NV (NASDAQ:ASML) stock is trading higher due to plans to deliver its latest high-NA extreme ultraviolet chipmaking machines to Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and Samsung Electronics Co in 2024. Intel Corp (NASDAQ:INTC) has already received its first shipment. Jefferies analysts predict strong orders for ASML, potentially boosting 2025 sales. ASML expects a robust recovery in demand in the second half of the fiscal year, despite the U.S. chip embargo impacting sales to China. ASML stock has gained 35% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 1:58 pm

CIFR

Cipher Mining has announced significant upgrades to its mining fleet for 2024 and 2025, including accelerated delivery of Bitmain rigs and additional purchases of Canaan miners. The company aims to achieve a self-mining hash rate of ~13.5 EH/s by the end of 2024 and ~35 EH/s by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:56 pm

UNFI

United Natural Foods Inc (NYSE:UNFI) shares rose by 12.4% after reporting third-quarter FY24 earnings. Despite a slight sales decline, the company showed improved gross margins and beat EPS estimates. UNFI updated its FY24 adjusted EPS guidance and expects stable profit and cash flow growth.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 1:49 pm

ASNS

HLTH

LPA

MLGO

NDRA

NVVE

U.S. stocks traded higher with the Nasdaq Composite gaining around 100 points. The Dow and S&P 500 also saw gains. U.S. private employers added 152,000 jobs in May, missing market expectations. Actelis Networks, ENDRA Life Sciences, and Nuvve Holding saw significant stock price increases, while MicroAlgo, Latam Logistic Properties, and Cue Health experienced declines.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 1:48 pm