Streetbeat News

Revenues

NVR

NVR (NYSE:NVR) has significantly outperformed the market over the past 10 years, delivering an average annual return of 20.76%. A $100 investment in NVR 10 years ago would be worth $659.04 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:00 pm

LLY

Eli Lilly and Co (NYSE:LLY) has significantly outperformed the market over the past 5 years, delivering an average annual return of 48.73%. A $100 investment in LLY 5 years ago would be worth $700.55 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:00 pm

AAPL

ADBE

AMZN

GETY

GOOGL

META

SSTK

Shutterstock Inc. (NYSE:SSTK) has partnered with Reka AI to enhance its digital asset metadata using multimodal language AI models. This partnership aims to improve the metadata of Shutterstock's extensive library of digital assets. The licensing business with AI firms generated $104 million in revenue last year, and Shutterstock anticipates this segment to generate $250 million in sales by 2027. The company's shares are currently trading lower by 2.13%.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 4:51 pm

LII

Lennox Intl (NYSE:LII) has significantly outperformed the market over the past 15 years, delivering an average annual return of 19.49%. A $1000 investment in LII 15 years ago would be worth $14,454.17 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 4:30 pm

QCOM

Qualcomm (NASDAQ:QCOM) has outperformed the market over the past 20 years with an average annual return of 9.27%. A $1000 investment in QCOM 20 years ago would be worth $5,792.51 today. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 4:30 pm

SGC

Superior Group of Companies Inc (NASDAQ:SGC) is set for growth in the $4.1 billion healthcare apparel market, supported by macro trends and six acquisitions over the past seven years. DA Davidson's analyst Keegan Cox initiated coverage with a Buy rating and a price target of $24. The company's Contact Center business is expected to drive continued revenue growth and profitability.

Portfolio Pulse from Priya Nigam

June 04, 2024 | 4:27 pm

F

Ford Motor Company (NYSE:F) shares are trading lower on Tuesday despite a significant increase in electric and hybrid vehicle sales for May. The company also started mass production of the all-electric Ford Explorer in Europe. However, the Model E electric vehicle unit is experiencing substantial losses.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 4:19 pm

VSTE

Vast Renewables Limited (NASDAQ: VSTE) has received planning consent for Solar Methanol 1 (SM1), a CSP-powered reference plant in Port Augusta, South Australia, that will produce 7,500 tonnes of green methanol annually. The project, co-developed with Mabanaft GmbH & Co. KG, aims to decarbonize shipping and support South Australia's hydrogen industry. The project has secured funding from the Australian Renewable Energy Agency (ARENA) and Projektträger Jülich (PtJ) as part of the HyGATE collaboration between Australia and Germany.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:17 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is experiencing growth fears due to weak ISM Manufacturing Index data, which has increased the probability of a rate cut in September. Nvidia's announcement of a new AI chip platform, Rubin, is helping to support the market. Early trade shows mixed money flows among major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

June 04, 2024 | 4:11 pm

PM

Philip Morris International Inc (NYSE:PM) has raised its 2024 earnings outlook, projecting reported earnings per share of $5.77 to $5.89, and adjusted diluted earnings per share of $6.26 to $6.38. The company expects net revenue growth of 7% to 8.5% and organic operating income growth of 10% to 12% for FY24. Despite adverse currency impacts, the company anticipates strong first-half results.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 4:01 pm