Streetbeat News

Revenues

AXP

American Express (NYSE:AXP) has outperformed the market over the past 15 years, delivering an average annual return of 15.54%. A $100 investment in AXP 15 years ago would be worth $916.10 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 4:30 pm

ERJ

Mexicana de Aviación has ordered 20 Embraer E2 aircraft, including 10 E190-E2 and 10 E195-E2 jets, with deliveries starting in Q2 2025. This deal marks Mexicana as the first E2 operator in Mexico, emphasizing the aircraft's low operating costs and fuel efficiency.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:20 pm

JPM

KBE

KBWB

TFC

USB

WFC

Large bank stocks, including Goldman Sachs, JPMorgan, and Wells Fargo, have surged due to optimism for an economic 'soft landing.' The Invesco KBW Bank ETF and SPDR S&P Bank ETF have also seen significant gains. Bank of America has issued a positive outlook for the banking sector, highlighting the potential impact of the 2024 U.S. Election and changes in Basel III regulations. Despite recent declines in stock prices, BofA maintains Buy ratings for several major financial institutions.

Portfolio Pulse from Hayden Buckfire

June 03, 2024 | 4:18 pm

AMC

GME

KOSS

Roaring Kitty's return has sparked a significant rally in meme stocks, particularly AMC Entertainment Holdings and GameStop. AMC surged 25.6% in pre-market trading and saw a near 80% increase following Keith Gill's disclosure of a substantial position in GameStop. Despite the initial surge, AMC's share price has settled at $4.92, with mixed technical indicators suggesting both short-term bullishness and long-term challenges. The company's future performance will be closely watched as it navigates renewed attention and operational challenges.

Portfolio Pulse from Surbhi Jain

June 03, 2024 | 4:04 pm

BDX

Becton, Dickinson And Company (BD) is acquiring Edwards Lifesciences' Critical Care product group for $4.2 billion in cash. The acquisition is expected to enhance BD's portfolio and be immediately accretive to key financial measures. BD shares rose by 2.95% following the announcement.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 4:02 pm

ETN

Eaton Corp (NYSE:ETN) has significantly outperformed the market over the past 15 years, delivering an average annual return of 18.75%. A $1000 investment in ETN 15 years ago would be worth $13,251.64 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 4:00 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has outperformed the market over the past 5 years with an average annual return of 16.08%, resulting in a $1000 investment growing to $2,135.65. The company currently has a market capitalization of $127.15 billion.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 4:00 pm

SMMT

Summit Therapeutics (NASDAQ:SMMT) stock surged 8% after receiving marketing authorization in China for ivonescimab in combination with chemotherapy, based on promising Phase III trial results. Additionally, Summit raised $200 million through an unsolicited stock offer.

Portfolio Pulse from Dylan Berman

June 03, 2024 | 4:00 pm

TLT

UUP

U.S. manufacturing activity contracted more than expected in May, leading to a decline in Treasury yields and a weakening of the U.S. dollar. The iShares 20+ Year Treasury Bond ETF (TLT) rallied by 0.9%, while the Invesco DB USD Index Bullish Fund ETF (UUP) fell by 0.4%. Traders increased their bets on a September rate cut.

Portfolio Pulse from Piero Cingari

June 03, 2024 | 3:50 pm

MELI

MercadoLibre (NASDAQ:MELI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 22.95%. A $100 investment in MELI 5 years ago would be worth approximately $291.97 today. The article highlights the power of compounded returns in long-term investments.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 3:30 pm